Duolingo, Inc. (NASDAQ:DUOL) Insider Sells $4,959,500.00 in Stock

Duolingo, Inc. (NASDAQ:DUOL) insider Severin Hacker sold 10,000 shares of the firm’s stock in a transaction dated Monday, May 5th. The stock was sold at an average price of $495.95, for a total value of $4,959,500.00. Following the completion of the sale, the insider now directly owns 72 shares in the company, valued at approximately $35,708.40. The trade was a 99.29 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link.

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

• On Monday, April 21st, Severin Hacker sold 10,000 shares of Duolingo stock. The stock was sold at an average price of $314.36, for a total transaction of $3,143,600.00.
• On Monday, April 7th, Severin Hacker sold 10,000 shares of Duolingo stock. The stock was sold at an average price of $292.43, for a total transaction of $2,924,300.00.
• On Wednesday, March 19th, Severin Hacker sold 10,000 shares of Duolingo stock. The shares were sold at an average price of $298.25, for a total transaction of $2,982,500.00.

Duolingo Stock Up 1.9 %

DUOL stock opened at $512.97 on Friday. The company has a current ratio of 3.09, a quick ratio of 3.09 and a debt-to-equity ratio of 0.07. The firm has a 50 day simple moving average of $342.98 and a 200-day simple moving average of $343.86. The company has a market capitalization of $23.21 billion, a P/E ratio of 280.31 and a beta of 0.88. Duolingo, Inc. has a twelve month low of $145.05 and a twelve month high of $513.87.

Duolingo (NASDAQ:DUOL) last released its earnings results on Thursday, May 1st. The company reported $0.72 earnings per share for the quarter, topping the consensus estimate of $0.52 by $0.20. Duolingo had a net margin of 12.59% and a return on equity of 11.74%. The company had revenue of $230.74 million during the quarter, compared to the consensus estimate of $223.15 million. The business’s revenue was up 37.6% compared to the same quarter last year. On average, equities research analysts predict that Duolingo, Inc. will post 2.03 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the company. FMR LLC increased its holdings in shares of Duolingo by 39.9% in the 4th quarter. FMR LLC now owns 3,726,561 shares of the company’s stock valued at $1,208,263,000 after acquiring an additional 1,063,327 shares during the last quarter. Vanguard Group Inc. boosted its holdings in Duolingo by 2.0% in the fourth quarter. Vanguard Group Inc. now owns 3,542,194 shares of the company’s stock worth $1,148,486,000 after purchasing an additional 70,705 shares during the period. Price T Rowe Associates Inc. MD increased its stake in Duolingo by 0.8% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 1,339,780 shares of the company’s stock valued at $434,398,000 after purchasing an additional 10,638 shares during the last quarter. Invesco Ltd. lifted its position in shares of Duolingo by 53.5% in the 4th quarter. Invesco Ltd. now owns 1,085,066 shares of the company’s stock worth $351,811,000 after buying an additional 378,225 shares during the last quarter. Finally, Geode Capital Management LLC boosted its holdings in shares of Duolingo by 1.6% in the 4th quarter. Geode Capital Management LLC now owns 683,498 shares of the company’s stock valued at $221,676,000 after buying an additional 10,698 shares during the period. Institutional investors own 91.59% of the company’s stock.

Wall Street Analyst Weigh In

DUOL has been the subject of a number of research reports. Jefferies Financial Group began coverage on Duolingo in a research report on Friday, January 24th. They set a “hold” rating and a $370.00 price target for the company. JPMorgan Chase & Co. increased their target price on shares of Duolingo from $360.00 to $500.00 and gave the stock an “overweight” rating in a research report on Friday, May 2nd. Scotiabank lifted their price target on shares of Duolingo from $405.00 to $470.00 and gave the company a “sector outperform” rating in a research report on Friday, May 2nd. UBS Group increased their price objective on shares of Duolingo from $400.00 to $500.00 and gave the stock a “buy” rating in a research report on Friday, May 2nd. Finally, Piper Sandler set a $375.00 target price on shares of Duolingo in a report on Friday, May 2nd. Seven investment analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. According to data from MarketBeat.com, Duolingo presently has an average rating of “Moderate Buy” and an average price target of $426.29.

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.