Insider Selling: Duolingo, Inc. (NASDAQ:DUOL) Insider Sells 10,000 Shares of 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 completion of the sale, the insider now directly owns 72 shares of the company’s stock, valued at $21,474. This represents a 99.29 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this link.

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 transaction of $3,914,600.00.
• 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 transaction of $3,339,500.00.
• On Monday, January 6th, Severin Hacker sold 10,000 shares of Duolingo stock. The stock was sold at an average price of $336.23, for a total transaction of $3,362,300.00.

Duolingo Stock Up 1.0 %

Shares of NASDAQ:DUOL opened at $309.30 on Monday. The firm’s 50 day moving average price is $347.58 and its 200 day moving average price is $320.47. The stock has a market cap of $13.99 billion, a price-to-earnings ratio of 169.02 and a beta of 0.92. Duolingo, Inc. has a fifty-two week low of $145.05 and a fifty-two week high of $441.77. The company has a quick ratio of 3.09, a current ratio of 3.09 and a debt-to-equity ratio of 0.07.

Duolingo (NASDAQ:DUOL) last issued 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 firm had revenue of $209.55 million during the quarter, compared to analyst estimates of $205.49 million. Duolingo had a net margin of 12.59% and a return on equity of 11.74%. As a group, equities research analysts predict that Duolingo, Inc. will post 2.03 earnings per share for the current fiscal year.

Institutional Trading of Duolingo

Several hedge funds have recently added to or reduced their stakes in the company. Kensington Investment Counsel LLC raised its holdings in Duolingo by 0.5% in the fourth quarter. Kensington Investment Counsel LLC now owns 5,633 shares of the company’s stock valued at $1,826,000 after acquiring an additional 30 shares in the last quarter. Lido Advisors LLC raised its holdings in Duolingo by 0.3% during the fourth quarter. Lido Advisors LLC now owns 10,104 shares of the company’s stock worth $3,276,000 after purchasing an additional 30 shares in the last quarter. CIBC Asset Management Inc raised its holdings in Duolingo by 3.1% during the third quarter. CIBC Asset Management Inc now owns 1,061 shares of the company’s stock worth $299,000 after purchasing an additional 32 shares in the last quarter. Atria Investments Inc raised its holdings in Duolingo by 3.9% during the fourth quarter. Atria Investments Inc now owns 1,029 shares of the company’s stock worth $334,000 after purchasing an additional 39 shares in the last quarter. Finally, Lisanti Capital Growth LLC raised its holdings in Duolingo by 0.3% during the fourth quarter. Lisanti Capital Growth LLC now owns 11,685 shares of the company’s stock worth $3,789,000 after purchasing an additional 40 shares in the last quarter. Institutional investors and hedge funds own 91.59% of the company’s stock.

Analyst Upgrades and Downgrades

DUOL has been the subject of several research analyst reports. Scotiabank initiated coverage on shares of Duolingo in a research note on Thursday, December 5th. They set a “sector outperform” rating and a $425.00 target price for the company. The Goldman Sachs Group increased their target price on shares of Duolingo from $275.00 to $340.00 and gave the stock a “neutral” rating in a research note on Monday, March 3rd. UBS Group set a $400.00 target price on shares of Duolingo in a research note on Tuesday, March 18th. JPMorgan Chase & Co. increased their target price on shares of Duolingo from $400.00 to $410.00 and gave the stock an “overweight” rating in a research note on Friday, February 28th. Finally, Barclays increased their target price on shares of Duolingo from $295.00 to $330.00 and gave the stock an “equal weight” rating in a research note on Friday, February 28th. Seven analysts have rated the stock with a hold rating, seven have given a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $376.25.

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.