Duolingo, Inc. (NASDAQ:DUOL) Insider Sells $2,234,700.00 in Stock

Duolingo, Inc. (NASDAQ:DUOL) insider Severin Hacker sold 10,000 shares of the stock in a transaction that occurred on Wednesday, May 1st. The shares were sold at an average price of $223.47, for a total transaction of $2,234,700.00. Following the sale, the insider now directly owns 72 shares of the company’s stock, valued at approximately $16,089.84. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website.

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

• On Monday, April 1st, Severin Hacker sold 10,000 shares of Duolingo stock. The shares were sold at an average price of $218.42, for a total transaction of $2,184,200.00.

Duolingo Trading Up 4.9 %

Shares of Duolingo stock opened at $240.00 on Monday. The company has a debt-to-equity ratio of 0.03, a quick ratio of 3.24 and a current ratio of 3.24. Duolingo, Inc. has a 52 week low of $116.82 and a 52 week high of $245.87. The stock has a 50 day moving average price of $217.86 and a two-hundred day moving average price of $205.56. The stock has a market capitalization of $10.29 billion, a PE ratio of 705.90 and a beta of 0.82.

Duolingo (NASDAQ:DUOL) last posted its quarterly earnings results on Wednesday, February 28th. The company reported $0.26 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.21 by $0.05. Duolingo had a net margin of 3.03% and a return on equity of 2.64%. The business had revenue of $150.99 million during the quarter, compared to the consensus estimate of $146.98 million. As a group, equities analysts anticipate that Duolingo, Inc. will post 1.38 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on DUOL shares. Barclays boosted their target price on shares of Duolingo from $173.00 to $243.00 and gave the company an “equal weight” rating in a report on Thursday, February 29th. Seaport Res Ptn restated a “buy” rating on shares of Duolingo in a research report on Tuesday, February 27th. UBS Group lifted their target price on Duolingo from $230.00 to $275.00 and gave the stock a “buy” rating in a report on Thursday, February 29th. JPMorgan Chase & Co. began coverage on Duolingo in a research note on Monday, March 11th. They issued an “overweight” rating and a $270.00 price target on the stock. Finally, Piper Sandler raised their price objective on shares of Duolingo from $217.00 to $282.00 and gave the stock an “overweight” rating in a research report on Thursday, February 29th. One research analyst has rated the stock with a sell rating, five have given a hold rating and five have given a buy rating to the company. According to data from MarketBeat, Duolingo currently has an average rating of “Hold” and an average price target of $245.13.

Institutional Investors Weigh In On Duolingo

Several hedge funds and other institutional investors have recently made changes to their positions in the business. Capstone Investment Advisors LLC acquired a new position in Duolingo during the 1st quarter valued at about $907,000. Private Advisor Group LLC lifted its holdings in shares of Duolingo by 261.6% in the first quarter. Private Advisor Group LLC now owns 11,764 shares of the company’s stock valued at $2,595,000 after purchasing an additional 8,511 shares in the last quarter. Joel Isaacson & Co. LLC lifted its holdings in shares of Duolingo by 56.6% in the first quarter. Joel Isaacson & Co. LLC now owns 1,384 shares of the company’s stock valued at $305,000 after purchasing an additional 500 shares in the last quarter. Arkadios Wealth Advisors boosted its position in shares of Duolingo by 24.7% during the first quarter. Arkadios Wealth Advisors now owns 3,307 shares of the company’s stock valued at $729,000 after buying an additional 655 shares during the last quarter. Finally, Allspring Global Investments Holdings LLC grew its holdings in Duolingo by 10.7% during the first quarter. Allspring Global Investments Holdings LLC now owns 68,441 shares of the company’s stock worth $15,097,000 after buying an additional 6,601 shares in the last quarter. 91.59% of the stock is owned by institutional investors.

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.