Insider Selling: Duolingo, Inc. (NASDAQ:DUOL) Insider Sells $3,914,600.00 in Stock

Duolingo, Inc. (NASDAQ:DUOL) insider Severin Hacker sold 10,000 shares of Duolingo stock in a transaction on Wednesday, February 5th. The stock was sold at an average price of $391.46, for a total transaction of $3,914,600.00. Following the sale, the insider now directly owns 72 shares of the company’s stock, valued at $28,185.12. This represents a 99.29 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link.

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

• On Tuesday, January 21st, Severin Hacker sold 10,000 shares of Duolingo stock. The stock was 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.
• On Thursday, December 19th, Severin Hacker sold 10,000 shares of Duolingo stock. The stock was sold at an average price of $336.82, for a total value of $3,368,200.00.
• On Wednesday, December 11th, Severin Hacker sold 188,901 shares of Duolingo stock. The shares were sold at an average price of $339.54, for a total value of $64,139,445.54.

Duolingo Stock Performance

Shares of DUOL opened at $393.80 on Friday. The company has a market cap of $17.32 billion, a PE ratio of 215.19 and a beta of 0.89. The firm has a 50-day moving average of $344.92 and a 200-day moving average of $286.14. Duolingo, Inc. has a one year low of $145.05 and a one year high of $411.69. The company has a debt-to-equity ratio of 0.07, a current ratio of 3.09 and a quick ratio of 3.09.

Duolingo (NASDAQ:DUOL) last posted its quarterly 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 business had revenue of $192.59 million during the quarter, compared to analysts’ expectations of $189.19 million. Duolingo had a return on equity of 11.74% and a net margin of 12.59%. Duolingo’s quarterly revenue was up 39.9% on a year-over-year basis. During the same quarter last year, the company posted $0.06 earnings per share. As a group, equities analysts forecast that Duolingo, Inc. will post 2.03 earnings per share for the current year.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in the business. Charles Schwab Investment Management Inc. lifted its stake in shares of Duolingo by 42.2% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 342,280 shares of the company’s stock worth $96,530,000 after buying an additional 101,653 shares during the last quarter. Lisanti Capital Growth LLC raised its holdings in Duolingo by 17.8% in the 3rd quarter. Lisanti Capital Growth LLC now owns 11,645 shares of the company’s stock valued at $3,284,000 after acquiring an additional 1,760 shares during the period. Rockefeller Capital Management L.P. acquired a new stake in Duolingo during the third quarter worth approximately $4,350,000. Diversified Trust Co bought a new stake in shares of Duolingo during the fourth quarter worth approximately $784,000. Finally, Zacks Investment Management boosted its holdings in shares of Duolingo by 85.5% during the third quarter. Zacks Investment Management now owns 10,733 shares of the company’s stock worth $3,027,000 after acquiring an additional 4,946 shares during the period. 91.59% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several equities research analysts have commented on the stock. Seaport Res Ptn downgraded shares of Duolingo from a “strong-buy” rating to a “hold” rating in a research note on Thursday, November 7th. Bank of America lowered Duolingo from a “buy” rating to a “neutral” rating and raised their price target for the stock from $355.00 to $375.00 in a research report on Wednesday, December 11th. JPMorgan Chase & Co. increased their target price on Duolingo from $360.00 to $400.00 and gave the stock an “overweight” rating in a research note on Thursday, December 12th. Piper Sandler upped their target price on shares of Duolingo from $271.00 to $351.00 and gave the stock an “overweight” rating in a research note on Thursday, November 7th. Finally, The Goldman Sachs Group lifted their price target on Duolingo from $250.00 to $275.00 and gave the company a “neutral” rating in a research note on Thursday, November 7th. Seven equities research analysts have rated the stock with a hold rating, six have assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $355.55.

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.