Insider Selling: Duolingo, Inc. (NASDAQ:DUOL) Insider Sells 10,000 Shares of Stock

Key Points

• Duolingo insider Severin Hacker sold 10,000 shares at an average price of $344.41, significantly decreasing his ownership in the company by 99.29%.
• The company reported $252.27 million in revenue for the quarter, surpassing analyst estimates and marking a 41.5% year-over-year growth.
• Several analysts have raised their price targets for Duolingo, with the current average target set at $454.20 and a consensus rating of "Moderate Buy."

Duolingo, Inc. (NASDAQ:DUOL - Get Free Report) insider Severin Hacker sold 10,000 shares of Duolingo stock in a transaction on Tuesday, August 5th. The shares were sold at an average price of $344.41, for a total transaction of $3,444,100.00. Following the completion of the transaction, the insider directly owned 72 shares in the company, valued at $24,797.52. The trade was a 99.29% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.

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

• On Monday, July 21st, Severin Hacker sold 10,000 shares of Duolingo stock. The shares were sold at an average price of $360.33, for a total transaction of $3,603,300.00.
• 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 transaction 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.

Duolingo Price Performance

Shares of NASDAQ DUOL traded up $47.23 during trading on Thursday, hitting $390.84. 8,179,031 shares of the company were exchanged, compared to its average volume of 1,061,440. The company has a market cap of $17.77 billion, a price-to-earnings ratio of 160.84, a PEG ratio of 2.64 and a beta of 0.87. Duolingo, Inc. has a 1 year low of $170.43 and a 1 year high of $544.93. The firm's fifty day moving average price is $413.84 and its 200 day moving average price is $391.71. The company has a debt-to-equity ratio of 0.06, a current ratio of 2.68 and a quick ratio of 2.68.

Duolingo (NASDAQ:DUOL - Get Free Report) last issued its earnings results on Wednesday, August 6th. The company reported $0.91 EPS for the quarter, topping the consensus estimate of $0.55 by $0.36. The company had revenue of $252.27 million for the quarter, compared to analyst estimates of $240.84 million. Duolingo had a net margin of 13.24% and a return on equity of 13.84%. The business's revenue was up 41.5% on a year-over-year basis. During the same period in the previous year, the firm earned $0.51 EPS. On average, sell-side analysts expect that Duolingo, Inc. will post 2.03 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of equities analysts have recently commented on DUOL shares. Barclays lifted their target price on shares of Duolingo from $375.00 to $390.00 and gave the company an "equal weight" rating in a report on Thursday. Scotiabank lifted their price objective on shares of Duolingo from $405.00 to $470.00 and gave the company a "sector outperform" rating in a research report on Friday, May 2nd. DA Davidson lowered their price objective on shares of Duolingo from $600.00 to $500.00 and set a "buy" rating on the stock in a research report on Wednesday, June 25th. Needham & Company LLC lifted their price objective on shares of Duolingo from $400.00 to $460.00 and gave the company a "buy" rating in a research report on Friday, May 2nd. Finally, Morgan Stanley lifted their price objective on shares of Duolingo from $480.00 to $500.00 and gave the company an "overweight" rating in a research report on Thursday. Five research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $454.20.

Institutional Investors Weigh In On Duolingo

Several institutional investors have recently made changes to their positions in the stock. Vise Technologies Inc. acquired a new position in shares of Duolingo during the 2nd quarter worth $235,000. Allworth Financial LP raised its stake in shares of Duolingo by 34.4% during the 2nd quarter. Allworth Financial LP now owns 301 shares of the company's stock worth $123,000 after buying an additional 77 shares during the last quarter. Illinois Municipal Retirement Fund acquired a new position in shares of Duolingo during the 2nd quarter worth $3,746,000. ProShare Advisors LLC raised its stake in shares of Duolingo by 7.8% during the 2nd quarter. ProShare Advisors LLC now owns 1,740 shares of the company's stock worth $713,000 after buying an additional 126 shares during the last quarter. Finally, Profund Advisors LLC raised its stake in shares of Duolingo by 165.5% during the 2nd quarter. Profund Advisors LLC now owns 2,456 shares of the company's stock worth $1,007,000 after buying an additional 1,531 shares during the last quarter. 91.59% of the stock is currently owned by hedge funds and other 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.

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