Duolingo, Inc. (NASDAQ:DUOL) Insider Sells $3,928,900.00 in Stock

Duolingo, Inc. (NASDAQ:DUOL - Get Free Report) insider Severin Hacker sold 10,000 shares of the company's stock in a transaction dated Monday, July 7th. The stock was sold at an average price of $392.89, for a total transaction of $3,928,900.00. Following the sale, the insider directly owned 72 shares of the company's stock, valued at $28,288.08. This represents a 99.29% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.

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

• On Friday, June 20th, Severin Hacker sold 10,000 shares of Duolingo stock. The stock was sold at an average price of $471.20, for a total transaction of $4,712,000.00.
• On Thursday, June 5th, Severin Hacker sold 10,000 shares of Duolingo stock. The stock was sold at an average price of $525.10, for a total transaction of $5,251,000.00.
• On Monday, May 5th, Severin Hacker sold 10,000 shares of Duolingo stock. The shares were sold at an average price of $495.95, for a total transaction of $4,959,500.00.
• On Monday, April 21st, Severin Hacker sold 10,000 shares of Duolingo stock. The shares were sold at an average price of $314.36, for a total transaction of $3,143,600.00.

Duolingo Stock Down 2.5%

NASDAQ:DUOL traded down $9.62 during trading hours on Friday, hitting $370.82. 680,253 shares of the company traded hands, compared to its average volume of 734,157. The company has a quick ratio of 2.68, a current ratio of 2.68 and a debt-to-equity ratio of 0.06. The firm's 50-day simple moving average is $474.93 and its 200-day simple moving average is $388.57. Duolingo, Inc. has a one year low of $145.05 and a one year high of $544.93. The company has a market cap of $16.85 billion, a PE ratio of 182.67, a PEG ratio of 2.85 and a beta of 0.89.

Duolingo (NASDAQ:DUOL - Get Free Report) last issued its quarterly earnings data on Thursday, May 1st. The company reported $0.72 earnings per share for the quarter, beating the consensus estimate of $0.52 by $0.20. Duolingo had a return on equity of 11.70% and a net margin of 11.93%. The business had revenue of $230.74 million for the quarter, compared to analysts' expectations of $223.15 million. Duolingo's revenue for the quarter was up 37.6% on a year-over-year basis. Equities analysts predict that Duolingo, Inc. will post 2.03 earnings per share for the current year.

Institutional Investors Weigh In On Duolingo

A number of hedge funds have recently made changes to their positions in the business. Rise Advisors LLC raised its stake in shares of Duolingo by 43.6% during the 1st quarter. Rise Advisors LLC now owns 79 shares of the company's stock worth $25,000 after purchasing an additional 24 shares during the period. Northwestern Mutual Wealth Management Co. raised its holdings in shares of Duolingo by 20.5% in the 1st quarter. Northwestern Mutual Wealth Management Co. now owns 153 shares of the company's stock worth $48,000 after purchasing an additional 26 shares during the period. Parallel Advisors LLC raised its holdings in shares of Duolingo by 16.3% in the 2nd quarter. Parallel Advisors LLC now owns 186 shares of the company's stock worth $76,000 after purchasing an additional 26 shares during the period. Kensington Investment Counsel LLC lifted its stake in Duolingo by 0.5% in the fourth quarter. Kensington Investment Counsel LLC now owns 5,633 shares of the company's stock valued at $1,826,000 after purchasing an additional 30 shares during the last quarter. Finally, Lido Advisors LLC grew its holdings in Duolingo by 0.3% during the fourth quarter. Lido Advisors LLC now owns 10,104 shares of the company's stock valued at $3,276,000 after purchasing an additional 30 shares during the period. 91.59% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on the stock. Piper Sandler set a $375.00 price objective on shares of Duolingo in a report on Friday, May 2nd. The Goldman Sachs Group raised their price objective on shares of Duolingo from $340.00 to $403.00 and gave the company a "neutral" rating in a report on Monday, May 5th. JPMorgan Chase & Co. increased their target price on shares of Duolingo from $500.00 to $580.00 and gave the company an "overweight" rating in a research report on Wednesday, June 4th. DA Davidson reduced their price objective on shares of Duolingo from $600.00 to $500.00 and set a "buy" rating for the company in a research report on Wednesday, June 25th. Finally, Barclays raised their price objective on shares of Duolingo from $330.00 to $375.00 and gave the stock an "equal weight" rating in a research report on Friday, May 2nd. Seven equities research analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $441.20.

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.