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

Key Points

• Duolingo's insider, Severin Hacker, sold 10,000 shares of stock on October 20th for a total of $3,147,200, reducing his ownership by 99.29% to just 72 shares.
• Following the sale, Duolingo's stock decreased 3.2%, trading at $307.57 with a market capitalization of $14.09 billion.
• Recent analyst ratings reflect mixed sentiments, with price targets ranging from $239 to $515, and a consensus rating of "Hold" for the stock.

Duolingo, Inc. (NASDAQ:DUOL - Get Free Report) insider Severin Hacker sold 10,000 shares of the company's stock in a transaction on Monday, October 20th. The shares were sold at an average price of $314.72, for a total transaction of $3,147,200.00. Following the completion of the sale, the insider directly owned 72 shares in the company, valued at $22,659.84. This trade represents a 99.29% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website.

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

• On Monday, October 6th, Severin Hacker sold 10,000 shares of Duolingo stock. The shares were sold at an average price of $321.63, for a total transaction of $3,216,300.00.
• 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 transaction of $2,685,500.00.
• On Tuesday, August 19th, Severin Hacker sold 10,000 shares of Duolingo stock. The stock was sold at an average price of $344.56, for a total transaction 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 transaction of $3,444,100.00.

Duolingo Stock Down 3.2%

DUOL traded down $10.04 during trading hours on Wednesday, hitting $307.57. 849,689 shares of the company's stock were exchanged, compared to its average volume of 1,352,579. Duolingo, Inc. has a 12-month low of $256.63 and a 12-month high of $544.93. The firm has a 50 day moving average of $312.65 and a 200 day moving average of $380.51. The firm has a market cap of $14.09 billion, a P/E ratio of 126.57, a price-to-earnings-growth ratio of 2.09 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 issued its quarterly earnings data on Wednesday, August 6th. The company reported $0.91 earnings per share for the quarter, topping the consensus estimate of $0.55 by $0.36. The business had revenue of $252.27 million during the quarter, compared to the consensus estimate of $240.84 million. Duolingo had a net margin of 13.24% and a return on equity of 13.32%. The company's revenue was up 41.5% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.51 EPS. Analysts predict that Duolingo, Inc. will post 2.03 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Kiker Wealth Management LLC bought a new stake in Duolingo in the 2nd quarter valued at about $31,000. Rise Advisors LLC lifted its stake in Duolingo by 43.6% in the first quarter. Rise Advisors LLC now owns 79 shares of the company's stock valued at $25,000 after purchasing an additional 24 shares during the last quarter. Summit Securities Group LLC purchased a new stake in shares of Duolingo during the first quarter worth $28,000. Brooklyn Investment Group lifted its position in shares of Duolingo by 4,750.0% during the first quarter. Brooklyn Investment Group now owns 97 shares of the company's stock worth $30,000 after acquiring an additional 95 shares in the last quarter. Finally, Emerald Mutual Fund Advisers Trust purchased a new stake in shares of Duolingo in the second quarter worth $40,000. 91.59% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several brokerages have issued reports on DUOL. JPMorgan Chase & Co. lowered their price objective on shares of Duolingo from $515.00 to $465.00 and set an "overweight" rating for the company in a research report on Monday, October 13th. Wells Fargo & Company assumed coverage on shares of Duolingo in a report on Monday, September 8th. They issued an "underweight" rating and a $239.00 price objective for the company. Weiss Ratings reiterated a "hold (c)" rating on shares of Duolingo in a research note on Wednesday, October 8th. Baird R W raised Duolingo to a "hold" rating in a report on Friday, September 5th. Finally, Barclays lifted 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. Twelve investment analysts have rated the stock with a Buy rating, eleven have given a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, Duolingo presently has a consensus rating of "Hold" and an average target price of $414.05.

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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