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

Key Points

• Severin Hacker, Duolingo's insider, sold 10,000 shares of the company's stock on September 19th for approximately $2.89 million, reducing his ownership by 99.29% to just 72 shares.
• Duolingo's stock price increased by 6.3%, reaching $309.34, following earlier quarterly earnings that surpassed estimates with $0.91 EPS against a forecast of $0.55.
• Institutional investors hold 91.59% of Duolingo's stock, with several firms increasing their stakes in the company during the second quarter.

Duolingo, Inc. (NASDAQ:DUOL - Get Free Report) insider Severin Hacker sold 10,000 shares of the company's stock in a transaction dated Friday, September 19th. The stock was sold at an average price of $288.94, for a total value of $2,889,400.00. Following the completion of the sale, the insider directly owned 72 shares of the company's stock, valued at $20,803.68. The trade was a 99.29% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.

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

• On Friday, September 5th, Severin Hacker sold 10,000 shares of Duolingo stock. The shares were 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 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.

Duolingo Stock Down 2.2%

Shares of DUOL traded down $6.72 during mid-day trading on Tuesday, reaching $302.62. The company's stock had a trading volume of 522,876 shares, compared to its average volume of 1,145,791. The business has a fifty day moving average of $326.30 and a 200 day moving average of $379.22. The company has a market cap of $13.87 billion, a price-to-earnings ratio of 124.10, a price-to-earnings-growth ratio of 1.94 and a beta of 0.85. Duolingo, Inc. has a 1 year low of $256.63 and a 1 year high of $544.93. The company has a quick ratio of 2.81, a current ratio of 2.81 and a debt-to-equity ratio of 0.10.

Duolingo (NASDAQ:DUOL - Get Free Report) last announced its quarterly earnings data on Wednesday, August 6th. The company reported $0.91 earnings per share (EPS) for the quarter, topping 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 business had revenue of $252.27 million during the quarter, compared to analyst estimates of $240.84 million. During the same period last year, the company earned $0.51 earnings per share. Duolingo's quarterly revenue was up 41.5% compared to the same quarter last year. As a group, analysts forecast that Duolingo, Inc. will post 2.03 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of equities research analysts recently weighed in on DUOL shares. Wells Fargo & Company started coverage on Duolingo in a research report on Monday, September 8th. They set an "underweight" rating and a $239.00 target price on the stock. Robert W. Baird initiated coverage on Duolingo in a research report on Friday, September 5th. They set a "neutral" rating and a $280.00 target price on the stock. Needham & Company LLC reaffirmed a "buy" rating and set a $460.00 price objective on shares of Duolingo in a report on Wednesday, September 17th. Zacks Research raised Duolingo from a "hold" rating to a "strong-buy" rating in a report on Monday, September 8th. Finally, KeyCorp raised Duolingo from a "sector weight" rating to an "overweight" rating and set a $460.00 price objective on the stock in a report on Monday, August 18th. One equities research analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating, nine have given a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus target price of $419.32.

Institutional Investors Weigh In On Duolingo

Institutional investors have recently added to or reduced their stakes in the company. Millennium Management LLC lifted its position in shares of Duolingo by 115.4% in the 4th quarter. Millennium Management LLC now owns 18,822 shares of the company's stock worth $6,103,000 after purchasing an additional 10,083 shares during the period. ProShare Advisors LLC increased its stake in shares of Duolingo by 8.6% in the 4th quarter. ProShare Advisors LLC now owns 1,772 shares of the company's stock worth $575,000 after acquiring an additional 140 shares in the last quarter. Vident Advisory LLC increased its stake in shares of Duolingo by 59.7% in the 4th quarter. Vident Advisory LLC now owns 2,234 shares of the company's stock worth $724,000 after acquiring an additional 835 shares in the last quarter. Waverly Advisors LLC bought a new position in shares of Duolingo in the 4th quarter worth about $501,000. Finally, Focus Partners Advisor Solutions LLC increased its stake in shares of Duolingo by 23.9% in the 4th quarter. Focus Partners Advisor Solutions LLC now owns 923 shares of the company's stock worth $299,000 after acquiring an additional 178 shares in the last quarter. Hedge funds and other institutional investors own 91.59% of the company's stock.

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.