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

Duolingo, Inc. (NASDAQ:DUOL) insider Severin Hacker sold 10,000 shares of the stock in a transaction dated Monday, January 6th. The shares were sold at an average price of $336.23, for a total transaction of $3,362,300.00. Following the sale, the insider now directly owns 72 shares of the company’s stock, valued at approximately $24,208.56. The trade was a 99.29 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link.

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

• 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 Up 0.9 %

DUOL opened at $323.14 on Friday. The company has a quick ratio of 3.09, a current ratio of 3.09 and a debt-to-equity ratio of 0.07. Duolingo, Inc. has a twelve month low of $145.05 and a twelve month high of $378.48. The company has a market cap of $14.21 billion, a PE ratio of 176.58 and a beta of 0.87. The company has a 50-day moving average price of $334.83 and a 200 day moving average price of $263.29.

Duolingo (NASDAQ:DUOL) last released its earnings results on Wednesday, November 6th. The company reported $0.49 earnings per share for the quarter, beating the consensus estimate of $0.35 by $0.14. Duolingo had a return on equity of 11.74% and a net margin of 12.59%. The business had revenue of $192.59 million for the quarter, compared to the consensus estimate of $189.19 million. During the same quarter last year, the business posted $0.06 earnings per share. The business’s quarterly revenue was up 39.9% compared to the same quarter last year. Sell-side analysts expect that Duolingo, Inc. will post 2.02 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Duolingo

Large investors have recently modified their holdings of the business. Dragoneer Investment Group LLC acquired a new position in Duolingo during the second quarter worth about $204,768,000. Charles Schwab Investment Management Inc. lifted its stake in Duolingo by 42.2% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 342,280 shares of the company’s stock worth $96,530,000 after purchasing an additional 101,653 shares in the last quarter. Teachers Retirement System of The State of Kentucky boosted its holdings in shares of Duolingo by 23.7% during the 2nd quarter. Teachers Retirement System of The State of Kentucky now owns 67,114 shares of the company’s stock worth $14,005,000 after purchasing an additional 12,860 shares during the last quarter. Lisanti Capital Growth LLC increased its holdings in shares of Duolingo by 17.8% in the third quarter. Lisanti Capital Growth LLC now owns 11,645 shares of the company’s stock valued at $3,284,000 after purchasing an additional 1,760 shares during the last quarter. Finally, Rockefeller Capital Management L.P. acquired a new stake in shares of Duolingo in the third quarter valued at approximately $4,350,000. Hedge funds and other institutional investors own 91.59% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages have recently commented on DUOL. JPMorgan Chase & Co. increased their price objective on Duolingo from $360.00 to $400.00 and gave the company an “overweight” rating in a report on Thursday, December 12th. Needham & Company LLC raised their price target on Duolingo from $370.00 to $385.00 and gave the stock a “buy” rating in a report on Thursday, December 19th. Piper Sandler upped their price objective on shares of Duolingo from $271.00 to $351.00 and gave the company an “overweight” rating in a report on Thursday, November 7th. DA Davidson lifted their target price on shares of Duolingo from $250.00 to $350.00 and gave the stock a “buy” rating in a research note on Thursday, November 7th. Finally, UBS Group boosted their target price on shares of Duolingo from $355.00 to $408.00 and gave the stock a “buy” rating in a research report on Thursday, November 14th. Six equities research analysts have rated the stock with a hold rating, six have given a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $353.90.

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.