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

Duolingo, Inc. (NASDAQ:DUOL) insider Severin Hacker sold 10,000 shares of the company’s stock in a transaction dated Friday, June 20th. The stock was sold at an average price of $471.20, for a total value of $4,712,000.00. Following the sale, the insider now owns 72 shares in the company, valued at approximately $33,926.40. This trade represents a 99.29% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.

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

• On Thursday, June 5th, Severin Hacker sold 10,000 shares of Duolingo stock. The stock was sold at an average price of $525.10, for a total value of $5,251,000.00.
• On Monday, May 5th, Severin Hacker sold 10,000 shares of Duolingo stock. The stock was sold at an average price of $495.95, for a total value of $4,959,500.00.
• 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 value 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 value of $2,924,300.00.

Duolingo Stock Down 5.7%

Shares of NASDAQ DUOL opened at $422.79 on Wednesday. The stock has a market cap of $19.22 billion, a PE ratio of 208.27, a price-to-earnings-growth ratio of 3.44 and a beta of 1.00. The company has a quick ratio of 2.68, a current ratio of 2.68 and a debt-to-equity ratio of 0.06. Duolingo, Inc. has a 52-week low of $145.05 and a 52-week high of $544.93. The business has a 50-day moving average price of $468.28 and a 200 day moving average price of $383.98.

Duolingo (NASDAQ:DUOL) last announced its earnings results on Thursday, May 1st. The company reported $0.72 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.52 by $0.20. The firm had revenue of $230.74 million during the quarter, compared to analysts’ expectations of $223.15 million. Duolingo had a return on equity of 11.70% and a net margin of 11.93%. Duolingo’s revenue for the quarter was up 37.6% on a year-over-year basis. Equities research analysts forecast that Duolingo, Inc. will post 2.03 earnings per share for the current year.

Institutional Trading of Duolingo

A number of large investors have recently made changes to their positions in DUOL. CIBC Asset Management Inc boosted its position in shares of Duolingo by 5.6% in the 4th quarter. CIBC Asset Management Inc now owns 1,120 shares of the company’s stock valued at $363,000 after purchasing an additional 59 shares during the period. Global Retirement Partners LLC grew its stake in shares of Duolingo by 1,255.6% in the 4th quarter. Global Retirement Partners LLC now owns 122 shares of the company’s stock valued at $40,000 after purchasing an additional 113 shares during the last quarter. Ieq Capital LLC grew its stake in shares of Duolingo by 116.5% in the 4th quarter. Ieq Capital LLC now owns 11,000 shares of the company’s stock valued at $3,567,000 after purchasing an additional 5,919 shares during the last quarter. Olympiad Research LP purchased a new position in shares of Duolingo in the 4th quarter valued at approximately $267,000. Finally, Y Intercept Hong Kong Ltd purchased a new position in shares of Duolingo in the 4th quarter valued at approximately $1,618,000. 91.59% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several equities research analysts have weighed in on the company. Needham & Company LLC upped their price target on Duolingo from $400.00 to $460.00 and gave the stock a “buy” rating in a report on Friday, May 2nd. Barclays increased their price objective on Duolingo from $330.00 to $375.00 and gave the company an “equal weight” rating in a report on Friday, May 2nd. Citizens Jmp upgraded Duolingo from a “market perform” rating to an “outperform” rating and set a $400.00 price objective on the stock in a report on Tuesday, March 18th. Piper Sandler set a $375.00 price objective on Duolingo in a report on Friday, May 2nd. Finally, UBS Group reiterated an “overweight” rating on shares of Duolingo in a report on Thursday, May 22nd. Seven analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $441.29.

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.