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 firm’s stock in a transaction on Monday, July 1st. The stock was sold at an average price of $198.61, for a total value of $1,986,100.00. Following the completion of the transaction, the insider now owns 72 shares in the company, valued at approximately $14,299.92. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.

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 value of $2,234,700.00.

Duolingo Trading Down 0.7 %

DUOL stock traded down $1.34 during mid-day trading on Tuesday, reaching $193.89. The company’s stock had a trading volume of 744,870 shares, compared to its average volume of 797,158. The company has a market cap of $8.36 billion, a price-to-earnings ratio of 199.89 and a beta of 0.73. Duolingo, Inc. has a 12 month low of $121.89 and a 12 month high of $251.30. The business’s 50 day moving average price is $202.34 and its 200 day moving average price is $206.69. The company has a current ratio of 3.22, a quick ratio of 3.22 and a debt-to-equity ratio of 0.08.

Duolingo (NASDAQ:DUOL) last released its quarterly earnings data on Wednesday, May 8th. The company reported $0.57 EPS for the quarter, beating the consensus estimate 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 return on equity of 7.08% and a net margin of 7.82%. The company’s quarterly revenue was up 44.9% on a year-over-year basis. During the same quarter in the previous year, the company posted ($0.06) earnings per share. On average, equities research analysts predict that Duolingo, Inc. will post 1.74 EPS for the current year.

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of DUOL. Norges Bank purchased a new position in shares of Duolingo during the fourth quarter valued at approximately $84,042,000. Wellington Management Group LLP boosted its position in Duolingo by 147.6% in the third quarter. Wellington Management Group LLP now owns 602,200 shares of the company’s stock worth $99,887,000 after purchasing an additional 358,938 shares during the last quarter. American Century Companies Inc. purchased a new position in Duolingo in the third quarter worth $48,552,000. Whale Rock Capital Management LLC boosted its position in Duolingo by 23.9% in the first quarter. Whale Rock Capital Management LLC now owns 1,275,189 shares of the company’s stock worth $281,281,000 after purchasing an additional 245,599 shares during the last quarter. Finally, Price T Rowe Associates Inc. MD boosted its position in Duolingo by 73.6% in the first quarter. Price T Rowe Associates Inc. MD now owns 364,755 shares of the company’s stock worth $80,459,000 after purchasing an additional 154,659 shares during the last quarter. Hedge funds and other institutional investors own 91.59% of the company’s stock.

Wall Street Analyst Weigh In

DUOL has been the topic of a number of recent research reports. Barclays cut their price target on Duolingo from $243.00 to $230.00 and set an “equal weight” rating on the stock in a research note on Thursday, May 9th. DA Davidson started coverage on Duolingo in a research note on Thursday, June 13th. They issued a “buy” rating and a $250.00 price objective on the stock. Piper Sandler reaffirmed an “overweight” rating and issued a $265.00 price objective (down from $282.00) on shares of Duolingo in a research note on Friday, May 10th. JPMorgan Chase & Co. started coverage on Duolingo in a research note on Monday, March 11th. They issued an “overweight” rating and a $270.00 price objective on the stock. Finally, JMP Securities raised 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. One equities research 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 data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $246.70.

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.