Duolingo, Inc. (NASDAQ:DUOL) Insider Sells $1,986,100.00 in Stock

Duolingo, Inc. (NASDAQ:DUOL) insider Severin Hacker sold 10,000 shares of the business’s stock in a transaction on Monday, July 1st. The shares were sold at an average price of $198.61, for a total transaction of $1,986,100.00. Following the sale, the insider now owns 72 shares of the company’s stock, valued at approximately $14,299.92. The sale was disclosed in a legal filing with the SEC, which is available at this link.

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

• On Wednesday, May 1st, Severin Hacker sold 10,000 shares of Duolingo stock. The shares were sold at an average price of $223.47, for a total transaction of $2,234,700.00.

Duolingo Price Performance

DUOL opened at $193.82 on Friday. Duolingo, Inc. has a fifty-two week low of $121.89 and a fifty-two week high of $251.30. The firm has a 50-day moving average of $200.94 and a 200 day moving average of $206.25. The company has a debt-to-equity ratio of 0.08, a quick ratio of 3.22 and a current ratio of 3.22. The firm has a market cap of $8.36 billion, a P/E ratio of 199.82 and a beta of 0.73.

Duolingo (NASDAQ:DUOL) last released its earnings results on Wednesday, May 8th. The company reported $0.57 earnings per share for the quarter, beating analysts’ consensus estimates of $0.30 by $0.27. The firm had revenue of $167.70 million during the quarter, compared to the consensus estimate of $165.60 million. Duolingo had a net margin of 7.82% and a return on equity of 7.08%. The company’s revenue was up 44.9% compared to the same quarter last year. During the same period in the prior year, the firm earned ($0.06) EPS. On average, research analysts expect that Duolingo, Inc. will post 1.74 EPS for the current year.

Analysts Set New Price Targets

A number of equities analysts have issued reports on DUOL shares. JPMorgan Chase & Co. started coverage on Duolingo in a research note on Monday, March 11th. They set an “overweight” rating and a $270.00 price target for the company. Needham & Company LLC upped their price target on Duolingo from $241.00 to $267.00 and gave the stock a “buy” rating in a report on Thursday, May 9th. JMP Securities upgraded Duolingo from a “market perform” rating to a “market outperform” rating and set a $260.00 price objective on the stock in a research note on Tuesday, May 28th. Piper Sandler reaffirmed an “overweight” rating and set a $265.00 price objective (down from $282.00) on shares of Duolingo in a report on Friday, May 10th. Finally, Barclays lowered their target price on shares of Duolingo from $243.00 to $230.00 and set an “equal weight” rating for the company in a report on Thursday, May 9th. One analyst has rated the stock with a sell rating, three have assigned a hold rating and seven have given a buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $246.70.

Institutional Trading of Duolingo

Several hedge funds have recently made changes to their positions in the company. Discovery Value Fund bought a new position in shares of Duolingo during the 4th quarter worth $27,000. FSC Wealth Advisors LLC bought a new position in Duolingo during the fourth quarter worth about $39,000. GAMMA Investing LLC increased its stake in shares of Duolingo by 350.0% in the second quarter. GAMMA Investing LLC now owns 171 shares of the company’s stock worth $36,000 after purchasing an additional 133 shares in the last quarter. BI Asset Management Fondsmaeglerselskab A S purchased a new position in shares of Duolingo in the fourth quarter worth about $73,000. Finally, Harvest Fund Management Co. Ltd bought a new stake in shares of Duolingo in the fourth quarter valued at approximately $92,000. 91.59% of the stock is currently owned by institutional investors.

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.