Severin Hacker Sells 10,000 Shares of Duolingo, Inc. (NASDAQ:DUOL) Stock

Duolingo, Inc. (NASDAQ:DUOL) insider Severin Hacker sold 10,000 shares of the company’s stock in a transaction that occurred on Thursday, August 1st. The shares were sold at an average price of $166.49, for a total value of $1,664,900.00. Following the completion of the sale, the insider now owns 72 shares of the company’s stock, valued at $11,987.28. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link.

Severin Hacker also recently made the following trade(s):

• On Monday, July 1st, Severin Hacker sold 10,000 shares of Duolingo stock. The stock was sold at an average price of $198.61, for a total value of $1,986,100.00.

Duolingo Price Performance

Shares of DUOL opened at $162.01 on Monday. Duolingo, Inc. has a 1-year low of $121.89 and a 1-year high of $251.30. The stock has a market cap of $6.99 billion, a PE ratio of 167.02 and a beta of 0.72. The firm has a 50-day simple moving average of $190.52 and a two-hundred day simple moving average of $199.68. The company has a debt-to-equity ratio of 0.08, a current ratio of 3.22 and a quick ratio of 3.22.

Duolingo (NASDAQ:DUOL) last announced its quarterly earnings results on Wednesday, May 8th. The company reported $0.57 earnings per share for the quarter, beating analysts’ consensus estimates of $0.30 by $0.27. Duolingo had a net margin of 7.82% and a return on equity of 7.08%. The business had revenue of $167.70 million during the quarter, compared to analysts’ expectations of $165.60 million. During the same period last year, the business earned ($0.06) earnings per share. The business’s revenue for the quarter was up 44.9% on a year-over-year basis. As a group, analysts forecast that Duolingo, Inc. will post 1.74 EPS for the current year.

Institutional Investors Weigh In On Duolingo

Hedge funds have recently added to or reduced their stakes in the business. Vanguard Group Inc. grew its stake in shares of Duolingo by 2.0% in the first quarter. Vanguard Group Inc. now owns 3,387,433 shares of the company’s stock worth $747,200,000 after acquiring an additional 67,004 shares in the last quarter. Whale Rock Capital Management LLC increased its holdings in Duolingo by 23.9% during the 1st quarter. Whale Rock Capital Management LLC now owns 1,275,189 shares of the company’s stock worth $281,281,000 after purchasing an additional 245,599 shares during the period. Bank of New York Mellon Corp increased its holdings in Duolingo by 153.1% during the 2nd quarter. Bank of New York Mellon Corp now owns 395,123 shares of the company’s stock worth $82,450,000 after purchasing an additional 238,990 shares during the period. Norges Bank purchased a new position in shares of Duolingo in the 4th quarter valued at about $84,042,000. Finally, Price T Rowe Associates Inc. MD boosted its stake in shares of Duolingo by 73.6% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 364,755 shares of the company’s stock valued at $80,459,000 after buying an additional 154,659 shares during the period. 91.59% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

DUOL has been the topic of several recent research reports. Wolfe Research assumed coverage on shares of Duolingo in a research report on Tuesday, July 16th. They set a “peer perform” rating on the stock. Bank of America raised shares of Duolingo from a “neutral” rating to a “buy” rating and set a $245.00 target price on the stock in a research note on Friday, July 26th. JMP Securities reissued a “market outperform” rating and issued a $260.00 price target on shares of Duolingo in a research note on Wednesday, July 10th. DA Davidson started coverage on shares of Duolingo in a research report on Thursday, June 13th. They set a “buy” rating and a $250.00 price target on the stock. Finally, Needham & Company LLC increased their price objective on Duolingo from $241.00 to $267.00 and gave the stock a “buy” rating in a research report on Thursday, May 9th. One analyst has rated the stock with a sell rating, three have given a hold rating and eight have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $245.20.

About Duolingo

Duolingo, Inc operates as a mobile learning platform in the United States, the United Kingdom, and internationally. The company offers courses in 40 different languages, including Spanish, English, French, German, Italian, Portuguese, Japanese, and Chinese through its Duolingo app. It also provides a digital English language proficiency assessment exam.