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

Duolingo, Inc. (NASDAQ:DUOL) insider Severin Hacker sold 10,000 shares of Duolingo stock in a transaction that occurred on Wednesday, May 1st. The shares were sold at an average price of $223.47, for a total transaction of $2,234,700.00. Following the completion of the sale, the insider now owns 72 shares in the company, valued at $16,089.84. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.

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

• On Monday, April 1st, Severin Hacker sold 10,000 shares of Duolingo stock. The stock was sold at an average price of $218.42, for a total transaction of $2,184,200.00.

Duolingo Stock Performance

NASDAQ:DUOL opened at $240.00 on Friday. The stock has a 50 day simple moving average of $217.86 and a 200 day simple moving average of $205.05. The stock has a market cap of $10.29 billion, a P/E ratio of 705.90 and a beta of 0.82. Duolingo, Inc. has a 1-year low of $116.82 and a 1-year high of $245.87. The company has a current ratio of 3.24, a quick ratio of 3.24 and a debt-to-equity ratio of 0.03.

Duolingo (NASDAQ:DUOL) last released its quarterly earnings results on Wednesday, February 28th. The company reported $0.26 EPS for the quarter, topping analysts’ consensus estimates of $0.21 by $0.05. Duolingo had a net margin of 3.03% and a return on equity of 2.64%. The business had revenue of $150.99 million for the quarter, compared to analyst estimates of $146.98 million. Research analysts anticipate that Duolingo, Inc. will post 1.38 earnings per share for the current year.

Analyst Ratings Changes

DUOL has been the subject of a number of analyst reports. UBS Group lifted their price objective on shares of Duolingo from $230.00 to $275.00 and gave the company a “buy” rating in a research report on Thursday, February 29th. JPMorgan Chase & Co. initiated coverage on Duolingo in a report on Monday, March 11th. They set an “overweight” rating and a $270.00 price target for the company. The Goldman Sachs Group upped their price objective on Duolingo from $160.00 to $190.00 and gave the company a “sell” rating in a research note on Thursday, February 29th. Seaport Res Ptn reiterated a “buy” rating on shares of Duolingo in a research note on Tuesday, February 27th. Finally, Needham & Company LLC boosted their target price on Duolingo from $210.00 to $241.00 and gave the stock a “buy” rating in a report on Thursday, February 29th. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and five have assigned a buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Hold” and an average target price of $245.13.

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in DUOL. Cambridge Investment Research Advisors Inc. acquired a new stake in Duolingo during the third quarter worth approximately $432,000. Robeco Institutional Asset Management B.V. grew its position in Duolingo by 27.8% during the third quarter. Robeco Institutional Asset Management B.V. now owns 5,546 shares of the company’s stock worth $920,000 after buying an additional 1,206 shares in the last quarter. J.W. Cole Advisors Inc. acquired a new stake in Duolingo during the third quarter worth approximately $910,000. Bank of New York Mellon Corp grew its position in Duolingo by 22.9% during the third quarter. Bank of New York Mellon Corp now owns 127,709 shares of the company’s stock worth $21,183,000 after buying an additional 23,800 shares in the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank grew its position in Duolingo by 27.6% during the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 5,507 shares of the company’s stock worth $913,000 after buying an additional 1,192 shares in the last quarter. 91.59% of the stock is owned by institutional investors.

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.