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 dated Monday, April 7th. The shares were sold at an average price of $292.43, for a total value of $2,924,300.00. Following the sale, the insider now owns 72 shares in the company, valued at approximately $21,054.96. The trade was a 99.29 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

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

• On Wednesday, March 19th, Severin Hacker sold 10,000 shares of Duolingo stock. The shares were sold at an average price of $298.25, for a total value of $2,982,500.00.
• On Wednesday, February 5th, Severin Hacker sold 10,000 shares of Duolingo stock. The stock was sold at an average price of $391.46, for a total transaction of $3,914,600.00.
• On Tuesday, January 21st, Severin Hacker sold 10,000 shares of Duolingo stock. The stock was sold at an average price of $333.95, for a total transaction of $3,339,500.00.

Duolingo Price Performance

Shares of NASDAQ DUOL opened at $316.94 on Friday. The company has a market capitalization of $14.34 billion, a PE ratio of 173.19 and a beta of 0.91. The company has a quick ratio of 3.09, a current ratio of 3.09 and a debt-to-equity ratio of 0.07. The stock’s 50 day moving average price is $340.55 and its 200-day moving average price is $328.34. Duolingo, Inc. has a twelve month low of $145.05 and a twelve month high of $441.77.

Duolingo (NASDAQ:DUOL) last posted its quarterly earnings data on Thursday, February 27th. The company reported $0.31 earnings per share for the quarter, missing the consensus estimate of $0.50 by ($0.19). Duolingo had a return on equity of 11.74% and a net margin of 12.59%. The business had revenue of $209.55 million during the quarter, compared to analysts’ expectations of $205.49 million. On average, equities analysts anticipate that Duolingo, Inc. will post 2.03 EPS for the current year.

Analyst Ratings Changes

Several equities analysts have recently weighed in on the stock. Piper Sandler upped their price objective on shares of Duolingo from $351.00 to $390.00 and gave the company an “overweight” rating in a report on Friday, February 28th. JPMorgan Chase & Co. dropped their price target on Duolingo from $410.00 to $360.00 and set an “overweight” rating on the stock in a research note on Tuesday. The Goldman Sachs Group raised their price objective on Duolingo from $275.00 to $340.00 and gave the company a “neutral” rating in a research note on Monday, March 3rd. Jefferies Financial Group assumed coverage on Duolingo in a research report on Friday, January 24th. They set a “hold” rating and a $370.00 target price on the stock. Finally, JMP Securities reissued a “market perform” rating on shares of Duolingo in a research report on Friday, February 14th. Seven equities research analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $372.92.

Hedge Funds Weigh In On Duolingo

Several institutional investors have recently added to or reduced their stakes in the stock. FMR LLC boosted its stake in Duolingo by 39.9% in the fourth quarter. FMR LLC now owns 3,726,561 shares of the company’s stock valued at $1,208,263,000 after acquiring an additional 1,063,327 shares during the last quarter. Norges Bank bought a new stake in shares of Duolingo in the 4th quarter worth approximately $152,296,000. T. Rowe Price Investment Management Inc. lifted its stake in Duolingo by 548.8% in the fourth quarter. T. Rowe Price Investment Management Inc. now owns 470,834 shares of the company’s stock valued at $152,659,000 after purchasing an additional 398,259 shares during the last quarter. Invesco Ltd. grew its holdings in Duolingo by 53.5% during the fourth quarter. Invesco Ltd. now owns 1,085,066 shares of the company’s stock valued at $351,811,000 after purchasing an additional 378,225 shares during the period. Finally, GAMMA Investing LLC increased its position in Duolingo by 41,959.1% in the first quarter. GAMMA Investing LLC now owns 239,737 shares of the company’s stock worth $74,448,000 after buying an additional 239,167 shares during the last quarter. Institutional investors own 91.59% of the company’s stock.

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.