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

Duolingo, Inc. (NASDAQ:DUOL) insider Severin Hacker sold 10,000 shares of the company’s stock in a transaction that occurred on Thursday, December 19th. The stock was sold at an average price of $336.82, for a total transaction of $3,368,200.00. Following the completion of the transaction, the insider now owns 72 shares in the company, valued at approximately $24,251.04. This represents a 99.29 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink.

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

• On Wednesday, December 11th, Severin Hacker sold 188,901 shares of Duolingo stock. The stock was sold at an average price of $339.54, for a total transaction of $64,139,445.54.

Duolingo Stock Up 2.1 %

NASDAQ DUOL opened at $342.12 on Monday. Duolingo, Inc. has a 52 week low of $145.05 and a 52 week high of $378.48. The company has a quick ratio of 3.09, a current ratio of 3.09 and a debt-to-equity ratio of 0.07. The company has a market capitalization of $15.05 billion, a P/E ratio of 186.95 and a beta of 0.85. The stock’s 50-day moving average price is $322.88 and its 200-day moving average price is $250.96.

Duolingo (NASDAQ:DUOL) last released its earnings results on Wednesday, November 6th. The company reported $0.49 EPS for the quarter, topping analysts’ consensus estimates of $0.35 by $0.14. The company had revenue of $192.59 million for the quarter, compared to analysts’ expectations of $189.19 million. Duolingo had a net margin of 12.59% and a return on equity of 11.74%. The firm’s revenue was up 39.9% compared to the same quarter last year. During the same quarter last year, the business earned $0.06 EPS. On average, equities research analysts predict that Duolingo, Inc. will post 2.02 earnings per share for the current year.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the company. Lord Abbett & CO. LLC raised its holdings in Duolingo by 63.6% during the third quarter. Lord Abbett & CO. LLC now owns 197,670 shares of the company’s stock valued at $55,747,000 after acquiring an additional 76,875 shares during the period. Tidal Investments LLC grew its position in shares of Duolingo by 8.0% during the third quarter. Tidal Investments LLC now owns 1,561 shares of the company’s stock worth $440,000 after purchasing an additional 115 shares in the last quarter. Sanctuary Advisors LLC bought a new stake in Duolingo during the 3rd quarter valued at approximately $199,000. Geode Capital Management LLC lifted its holdings in Duolingo by 2.5% in the 3rd quarter. Geode Capital Management LLC now owns 672,800 shares of the company’s stock worth $189,790,000 after purchasing an additional 16,481 shares in the last quarter. Finally, Barclays PLC boosted its stake in Duolingo by 90.9% in the 3rd quarter. Barclays PLC now owns 42,613 shares of the company’s stock worth $12,018,000 after purchasing an additional 20,289 shares during the period. Hedge funds and other institutional investors own 91.59% of the company’s stock.

Analysts Set New Price Targets

A number of analysts have commented on DUOL shares. The Goldman Sachs Group lifted their target price on Duolingo from $250.00 to $275.00 and gave the stock a “neutral” rating in a report on Thursday, November 7th. JPMorgan Chase & Co. boosted their target price on Duolingo from $360.00 to $400.00 and gave the stock an “overweight” rating in a research report on Thursday, December 12th. Bank of America cut shares of Duolingo from a “buy” rating to a “neutral” rating and upped their target price for the company from $355.00 to $375.00 in a research note on Wednesday, December 11th. UBS Group lifted their price target on shares of Duolingo from $355.00 to $408.00 and gave the stock a “buy” rating in a research note on Thursday, November 14th. Finally, Barclays increased their price objective on shares of Duolingo from $183.00 to $295.00 and gave the company an “equal weight” rating in a research report on Thursday, November 7th. Six equities research analysts have rated the stock with a hold rating, six have issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, Duolingo has a consensus rating of “Moderate Buy” and an average price target of $353.90.

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.