Duolingo, Inc. (NASDAQ:DUOL) Insider Sells $3,339,500.00 in Stock

Duolingo, Inc. (NASDAQ:DUOL) insider Severin Hacker sold 10,000 shares of the business’s stock in a transaction dated Tuesday, January 21st. The shares were sold at an average price of $333.95, for a total value of $3,339,500.00. Following the completion of the sale, the insider now owns 72 shares in the company, valued at $24,044.40. This represents a 99.29 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this link.

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

• On Monday, January 6th, Severin Hacker sold 10,000 shares of Duolingo stock. The stock was sold at an average price of $336.23, for a total transaction of $3,362,300.00.
• On Thursday, December 19th, Severin Hacker sold 10,000 shares of Duolingo stock. The stock was sold at an average price of $336.82, for a total transaction of $3,368,200.00.
• On Wednesday, December 11th, Severin Hacker sold 188,901 shares of Duolingo stock. The shares were sold at an average price of $339.54, for a total transaction of $64,139,445.54.

Duolingo Stock Performance

Shares of NASDAQ DUOL opened at $328.60 on Friday. The stock’s 50-day moving average is $339.13 and its 200 day moving average is $273.97. The stock has a market cap of $14.46 billion, a price-to-earnings ratio of 179.56 and a beta of 0.87. Duolingo, Inc. has a 1-year low of $145.05 and a 1-year high of $378.48. The company has a current ratio of 3.09, a quick ratio of 3.09 and a debt-to-equity ratio of 0.07.

Duolingo (NASDAQ:DUOL) last announced its quarterly earnings data on Wednesday, November 6th. The company reported $0.49 earnings per share for the quarter, topping analysts’ consensus estimates of $0.35 by $0.14. Duolingo had a net margin of 12.59% and a return on equity of 11.74%. The firm had revenue of $192.59 million during the quarter, compared to analyst estimates of $189.19 million. During the same period in the previous year, the business posted $0.06 EPS. The business’s quarterly revenue was up 39.9% on a year-over-year basis. On average, sell-side analysts anticipate that Duolingo, Inc. will post 2.03 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of analysts recently issued reports on DUOL shares. Jefferies Financial Group began coverage on Duolingo in a research note on Friday. They set a “hold” rating and a $370.00 price objective on the stock. Bank of America downgraded shares of Duolingo from a “buy” rating to a “neutral” rating and increased their price target for the stock from $355.00 to $375.00 in a report on Wednesday, December 11th. JMP Securities cut shares of Duolingo from an “outperform” rating to a “market perform” rating in a research note on Monday, October 14th. Scotiabank started coverage on shares of Duolingo in a report on Thursday, December 5th. They issued a “sector outperform” rating and a $425.00 price target for the company. Finally, Piper Sandler upped their price target on shares of Duolingo from $271.00 to $351.00 and gave the stock an “overweight” rating in a report on Thursday, November 7th. Seven investment analysts have rated the stock with a hold rating, six have issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, Duolingo presently has an average rating of “Moderate Buy” and an average target price of $355.36.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of DUOL. Dragoneer Investment Group LLC bought a new position in Duolingo during the 2nd quarter worth approximately $204,768,000. FMR LLC raised its holdings in Duolingo by 26.9% during the 3rd quarter. FMR LLC now owns 2,663,234 shares of the company’s stock valued at $751,085,000 after buying an additional 564,173 shares during the last quarter. International Assets Investment Management LLC boosted its position in Duolingo by 30,909.9% during the 3rd quarter. International Assets Investment Management LLC now owns 355,063 shares of the company’s stock valued at $100,135,000 after buying an additional 353,918 shares during the period. Spyglass Capital Management LLC bought a new stake in Duolingo in the 3rd quarter worth $38,512,000. Finally, Charles Schwab Investment Management Inc. increased its position in shares of Duolingo by 42.2% in the third quarter. Charles Schwab Investment Management Inc. now owns 342,280 shares of the company’s stock valued at $96,530,000 after acquiring an additional 101,653 shares during the period. 91.59% of the stock is owned by institutional investors.

Duolingo Company Profile

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.