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

Key Points

• Duolingo insider Severin Hacker sold 10,000 shares on October 6 at an average price of $321.63, resulting in a total value of $3.2 million, significantly reducing his stake by 99.29%.
• The company's stock price has seen fluctuations, with a 1-year low of $256.63 and a high of $544.93, currently trading at $319.98.
• Duolingo reported a 41.5% increase in revenue for the last quarter, with earnings per share of $0.91, surpassing analyst expectations of $0.55.

Duolingo, Inc. (NASDAQ:DUOL - Get Free Report) insider Severin Hacker sold 10,000 shares of the firm's stock in a transaction on Monday, October 6th. The stock was sold at an average price of $321.63, for a total value of $3,216,300.00. Following the completion of the sale, the insider directly owned 72 shares of the company's stock, valued at $23,157.36. The trade was a 99.29% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.

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

• On Friday, September 19th, Severin Hacker sold 10,000 shares of Duolingo stock. The shares were sold at an average price of $288.94, for a total transaction of $2,889,400.00.
• On Friday, September 5th, Severin Hacker sold 10,000 shares of Duolingo stock. The stock was sold at an average price of $268.55, for a total value of $2,685,500.00.
• On Tuesday, August 19th, Severin Hacker sold 10,000 shares of Duolingo stock. The shares were sold at an average price of $344.56, for a total value of $3,445,600.00.
• On Tuesday, August 5th, Severin Hacker sold 10,000 shares of Duolingo stock. The stock was sold at an average price of $344.41, for a total value of $3,444,100.00.
• On Monday, July 21st, Severin Hacker sold 10,000 shares of Duolingo stock. The stock was sold at an average price of $360.33, for a total value of $3,603,300.00.

Duolingo Price Performance

Shares of DUOL stock traded down $0.33 on Tuesday, reaching $319.98. The company's stock had a trading volume of 810,682 shares, compared to its average volume of 1,173,164. The stock's fifty day simple moving average is $317.13 and its 200-day simple moving average is $380.98. Duolingo, Inc. has a 1 year low of $256.63 and a 1 year high of $544.93. The company has a market capitalization of $14.66 billion, a price-to-earnings ratio of 131.68, a price-to-earnings-growth ratio of 2.15 and a beta of 0.86. The company has a current ratio of 2.81, a quick ratio of 2.81 and a debt-to-equity ratio of 0.10.

Duolingo (NASDAQ:DUOL - Get Free Report) last posted its quarterly earnings data on Wednesday, August 6th. The company reported $0.91 EPS for the quarter, topping the consensus estimate of $0.55 by $0.36. Duolingo had a net margin of 13.24% and a return on equity of 13.32%. The company had revenue of $252.27 million during the quarter, compared to analyst estimates of $240.84 million. During the same period in the previous year, the firm earned $0.51 earnings per share. Duolingo's quarterly revenue was up 41.5% compared to the same quarter last year. Analysts forecast that Duolingo, Inc. will post 2.03 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Duolingo

Several hedge funds and other institutional investors have recently made changes to their positions in DUOL. Vanguard Group Inc. grew its stake in shares of Duolingo by 3.3% in the second quarter. Vanguard Group Inc. now owns 3,647,951 shares of the company's stock worth $1,495,733,000 after purchasing an additional 116,135 shares in the last quarter. Invesco Ltd. raised its position in shares of Duolingo by 24.1% during the 1st quarter. Invesco Ltd. now owns 1,346,278 shares of the company's stock worth $418,073,000 after buying an additional 261,212 shares in the last quarter. State Street Corp lifted its stake in shares of Duolingo by 0.5% in the 2nd quarter. State Street Corp now owns 1,164,387 shares of the company's stock worth $477,422,000 after acquiring an additional 6,109 shares during the period. T. Rowe Price Investment Management Inc. boosted its holdings in shares of Duolingo by 110.5% in the first quarter. T. Rowe Price Investment Management Inc. now owns 990,903 shares of the company's stock valued at $307,716,000 after acquiring an additional 520,069 shares in the last quarter. Finally, Geode Capital Management LLC increased its stake in shares of Duolingo by 3.2% during the second quarter. Geode Capital Management LLC now owns 759,956 shares of the company's stock valued at $311,930,000 after acquiring an additional 23,356 shares during the period. 91.59% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several equities research analysts have recently issued reports on DUOL shares. Citigroup lowered their target price on shares of Duolingo from $400.00 to $375.00 and set a "buy" rating on the stock in a research note on Wednesday, September 17th. Wall Street Zen lowered Duolingo from a "buy" rating to a "hold" rating in a report on Saturday, August 30th. Citizens Jmp dropped their target price on Duolingo from $475.00 to $450.00 and set a "mkt outperform" rating on the stock in a research report on Monday, July 28th. Barclays raised their price target on Duolingo from $375.00 to $390.00 and gave the company an "equal weight" rating in a report on Thursday, August 7th. Finally, Zacks Research raised Duolingo from a "hold" rating to a "strong-buy" rating in a report on Monday, September 8th. One analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating, ten have issued a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, Duolingo currently has a consensus rating of "Moderate Buy" and a consensus price target of $419.32.

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.

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