Duolingo, Inc. (NASDAQ:DUOL) Insider Sells $2,982,500.00 in Stock

Duolingo, Inc. (NASDAQ:DUOL) insider Severin Hacker sold 10,000 shares of the company’s stock in a transaction dated Wednesday, March 19th. The shares were sold at an average price of $298.25, for a total transaction of $2,982,500.00. Following the transaction, the insider now owns 72 shares in the company, valued at approximately $21,474. This trade represents a 99.29 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website.

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

• On Wednesday, February 5th, Severin Hacker sold 10,000 shares of Duolingo stock. The shares were sold at an average price of $391.46, for a total value of $3,914,600.00.
• On Tuesday, January 21st, Severin Hacker sold 10,000 shares of Duolingo stock. The shares were sold at an average price of $333.95, for a total value of $3,339,500.00.
• On Monday, January 6th, Severin Hacker sold 10,000 shares of Duolingo stock. The shares were sold at an average price of $336.23, for a total value of $3,362,300.00.

Duolingo Trading Up 1.0 %

Shares of DUOL stock opened at $309.30 on Friday. The company has a debt-to-equity ratio of 0.07, a current ratio of 3.09 and a quick ratio of 3.09. The company has a market cap of $13.99 billion, a price-to-earnings ratio of 169.02 and a beta of 0.92. The stock has a 50 day simple moving average of $347.58 and a 200-day simple moving average of $318.89. Duolingo, Inc. has a 1-year low of $145.05 and a 1-year high of $441.77.

Duolingo (NASDAQ:DUOL) last announced its earnings results on Thursday, February 27th. The company reported $0.31 earnings per share for the quarter, missing the consensus estimate of $0.50 by ($0.19). The business had revenue of $209.55 million for the quarter, compared to analyst estimates of $205.49 million. Duolingo had a return on equity of 11.74% and a net margin of 12.59%. On average, equities research analysts expect that Duolingo, Inc. will post 2.03 EPS for the current fiscal year.

Analyst Ratings Changes

A number of brokerages recently commented on DUOL. Piper Sandler upped their target price on Duolingo from $351.00 to $390.00 and gave the company an “overweight” rating in a research report on Friday, February 28th. UBS Group set a $400.00 target price on Duolingo in a research report on Tuesday. The Goldman Sachs Group upped their price objective on Duolingo from $275.00 to $340.00 and gave the stock a “neutral” rating in a research report on Monday, March 3rd. Citizens Jmp raised shares of Duolingo from a “market perform” rating to an “outperform” rating and set a $400.00 target price for the company in a report on Tuesday. Finally, Jefferies Financial Group began coverage on shares of Duolingo in a report on Friday, January 24th. They set a “hold” rating and a $370.00 price target on the stock. Seven analysts have rated the stock with a hold rating, seven have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $376.25.

Hedge Funds Weigh In On Duolingo

A number of hedge funds have recently made changes to their positions in DUOL. True Wealth Design LLC acquired a new stake in shares of Duolingo in the third quarter worth approximately $26,000. First Horizon Advisors Inc. purchased a new position in Duolingo in the 3rd quarter valued at $29,000. Quarry LP boosted its stake in Duolingo by 250.0% during the 4th quarter. Quarry LP now owns 91 shares of the company’s stock worth $30,000 after purchasing an additional 65 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. purchased a new stake in shares of Duolingo during the fourth quarter worth $31,000. Finally, Harvest Fund Management Co. Ltd raised its position in shares of Duolingo by 5,050.0% in the fourth quarter. Harvest Fund Management Co. Ltd now owns 103 shares of the company’s stock valued at $33,000 after buying an additional 101 shares during the last quarter. Institutional investors and hedge funds 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.