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

Key Points

• Duolingo insider Severin Hacker sold 10,000 shares on September 5th at an average price of $268.55, resulting in a total transaction value of $2,685,500 and a significant decrease in his ownership.
• The company's stock performance includes a recent rise to $273.99 per share, with a 52-week range between $212.85 and $544.93.
• Duolingo reported strong quarterly earnings with $0.91 earnings per share, surpassing estimates, alongside a 41.5% year-over-year revenue increase.

Duolingo, Inc. (NASDAQ:DUOL - Get Free Report) insider Severin Hacker sold 10,000 shares of the stock in a transaction that occurred on Friday, September 5th. The shares were sold at an average price of $268.55, for a total value of $2,685,500.00. Following the transaction, the insider directly owned 72 shares of the company's stock, valued at $19,335.60. This trade represents a 99.29% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link.

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

• 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 shares were 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 shares were sold at an average price of $360.33, for a total value of $3,603,300.00.
• On Monday, July 7th, Severin Hacker sold 10,000 shares of Duolingo stock. The stock was 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 stock was sold at an average price of $471.20, for a total value of $4,712,000.00.

Duolingo Stock Performance

Shares of NASDAQ DUOL traded up $2.71 during trading hours on Tuesday, reaching $273.99. 281,389 shares of the stock were exchanged, compared to its average volume of 1,077,337. The stock's fifty day simple moving average is $345.97 and its 200 day simple moving average is $381.94. Duolingo, Inc. has a 52 week low of $212.85 and a 52 week high of $544.93. The company has a debt-to-equity ratio of 0.10, a quick ratio of 2.81 and a current ratio of 2.81. The firm has a market capitalization of $12.55 billion, a price-to-earnings ratio of 112.16, a P/E/G ratio of 1.81 and a beta of 0.85.

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

Analyst Ratings Changes

A number of brokerages recently commented on DUOL. Citigroup began coverage on Duolingo in a research report on Monday, August 18th. They issued a "buy" rating and a $400.00 target price for the company. Morgan Stanley boosted their price objective on Duolingo from $480.00 to $500.00 and gave the stock an "overweight" rating in a report on Thursday, August 7th. Raymond James Financial reissued a "market perform" rating on shares of Duolingo in a report on Tuesday, August 26th. Baird R W raised Duolingo to a "hold" rating in a report on Friday. Finally, Citizens Jmp decreased their price objective on Duolingo from $475.00 to $450.00 and set a "mkt outperform" rating for the company in a report on Monday, July 28th. Twelve investment analysts have rated the stock with a Buy rating, nine have assigned a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $420.63.

Hedge Funds Weigh In On Duolingo

Institutional investors and hedge funds have recently bought and sold shares of the company. T. Rowe Price Investment Management Inc. lifted its position in shares of Duolingo by 110.5% during the first quarter. T. Rowe Price Investment Management Inc. now owns 990,903 shares of the company's stock worth $307,716,000 after acquiring an additional 520,069 shares in the last quarter. Norges Bank purchased a new stake in shares of Duolingo in the second quarter worth $192,965,000. Invesco Ltd. raised its position in shares of Duolingo by 24.1% in the first 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. GAMMA Investing LLC increased its stake in Duolingo by 41,959.1% in the first quarter. GAMMA Investing LLC now owns 239,737 shares of the company's stock valued at $74,448,000 after acquiring an additional 239,167 shares during the last quarter. Finally, AQR Capital Management LLC increased its stake in Duolingo by 105.9% in the second quarter. AQR Capital Management LLC now owns 415,221 shares of the company's stock valued at $170,249,000 after acquiring an additional 213,529 shares during the last quarter. 91.59% of the stock is owned by institutional investors.

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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