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

Duolingo, Inc. (NASDAQ:DUOL - Get Free Report) insider Severin Hacker sold 10,000 shares of the firm's stock in a transaction dated Monday, July 21st. The stock was sold at an average price of $360.33, for a total transaction of $3,603,300.00. Following the completion of the transaction, the insider directly owned 72 shares in the company, valued at $25,943.76. This represents a 99.29% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink.

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

• On Monday, July 7th, Severin Hacker sold 10,000 shares of Duolingo stock. The shares were sold at an average price of $392.89, for a total value of $3,928,900.00.
• On Friday, June 20th, Severin Hacker sold 10,000 shares of Duolingo stock. The shares were 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 shares were 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.

Duolingo Trading Up 0.3%

Shares of Duolingo stock traded up $1.16 during trading hours on Thursday, hitting $360.95. The company's stock had a trading volume of 672,808 shares, compared to its average volume of 888,991. Duolingo, Inc. has a 12 month low of $145.05 and a 12 month high of $544.93. The company has a debt-to-equity ratio of 0.06, a current ratio of 2.68 and a quick ratio of 2.68. The company has a market capitalization of $16.41 billion, a PE ratio of 177.24, a price-to-earnings-growth ratio of 2.76 and a beta of 0.89. The stock has a 50 day moving average of $448.20 and a 200 day moving average of $390.24.

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

Hedge Funds Weigh In On Duolingo

Several hedge funds have recently made changes to their positions in the business. Congress Asset Management Co. bought a new position in Duolingo in the first quarter valued at $15,430,000. SBI Securities Co. Ltd. increased its position in shares of Duolingo by 41.1% in the first quarter. SBI Securities Co. Ltd. now owns 4,158 shares of the company's stock valued at $1,291,000 after acquiring an additional 1,211 shares during the last quarter. Catalyst Capital Advisors LLC increased its position in shares of Duolingo by 12.6% in the first quarter. Catalyst Capital Advisors LLC now owns 6,925 shares of the company's stock valued at $2,150,000 after acquiring an additional 775 shares during the last quarter. BNP Paribas Financial Markets bought a new stake in Duolingo during the fourth quarter worth about $9,708,000. Finally, Cerity Partners LLC boosted its position in Duolingo by 7.9% during the first quarter. Cerity Partners LLC now owns 55,642 shares of the company's stock valued at $17,279,000 after purchasing an additional 4,062 shares during the last quarter. 91.59% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several equities research analysts have commented on DUOL shares. Barclays boosted their price target 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. Piper Sandler set a $375.00 price objective on shares of Duolingo in a research note on Friday, May 2nd. Evercore ISI boosted their target price on shares of Duolingo from $400.00 to $480.00 and gave the stock an "outperform" rating in a report on Friday, May 2nd. Scotiabank raised their target price on shares of Duolingo from $405.00 to $470.00 and gave the stock a "sector outperform" rating in a report on Friday, May 2nd. Finally, JPMorgan Chase & Co. decreased their price target on shares of Duolingo from $580.00 to $500.00 and set an "overweight" rating on the stock in a research report on Thursday, July 17th. Six equities research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. According to MarketBeat.com, Duolingo currently has a consensus rating of "Moderate Buy" and an average price target of $435.87.

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.