Insider Selling: Duolingo (NASDAQ:DUOL) Insider Sells $3,147,200.00 in Stock

Duolingo, Inc. (NASDAQ:DUOL) insider Severin Hacker sold 10,000 shares of the firm’s stock in a transaction dated Monday, October 20th. The stock was sold at an average price of $314.72, for a total transaction of $3,147,200.00. Following the sale, the insider owned 72 shares of the company’s stock, valued at approximately $22,659.84. The trade was a 99.29% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink.

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

• On Monday, October 6th, Severin Hacker sold 10,000 shares of Duolingo stock. The stock was sold at an average price of $321.63, for a total transaction of $3,216,300.00.
• On Friday, September 19th, Severin Hacker sold 10,000 shares of Duolingo stock. The stock was sold at an average price of $288.94, for a total transaction of $2,889,400.00.
• On Friday, September 5th, Severin Hacker sold 10,000 shares of Duolingo stock. The stock was sold at an average price of $268.55, for a total transaction of $2,685,500.00.
• On Tuesday, August 19th, Severin Hacker sold 10,000 shares of Duolingo stock. The stock was sold at an average price of $344.56, for a total transaction of $3,445,600.00.
• On Tuesday, August 5th, Severin Hacker sold 10,000 shares of Duolingo stock. The stock was sold at an average price of $344.41, for a total transaction of $3,444,100.00.

Duolingo Price Performance

Duolingo stock opened at $312.00 on Friday. Duolingo, Inc. has a 12-month low of $256.63 and a 12-month high of $544.93. The stock has a market cap of $14.30 billion, a P/E ratio of 128.40, a PEG ratio of 2.06 and a beta of 0.86. The company has a 50-day moving average price of $312.02 and a 200 day moving average price of $380.76. The company has a current ratio of 2.81, a quick ratio of 2.81 and a debt-to-equity ratio of 0.10.

Duolingo (NASDAQ:DUOL) last announced its earnings results on Wednesday, August 6th. The company reported $0.91 earnings per share for the quarter, topping the consensus estimate of $0.55 by $0.36. The company had revenue of $252.27 million during the quarter, compared to analyst estimates of $240.84 million. Duolingo had a net margin of 13.24% and a return on equity of 13.32%. Duolingo’s revenue was up 41.5% compared to the same quarter last year. During the same quarter last year, the firm posted $0.51 earnings per share. Sell-side analysts anticipate that Duolingo, Inc. will post 2.03 earnings per share for the current year.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in DUOL. Rise Advisors LLC boosted its stake in shares of Duolingo by 43.6% in the first quarter. Rise Advisors LLC now owns 79 shares of the company’s stock valued at $25,000 after purchasing an additional 24 shares during the period. Summit Securities Group LLC purchased a new position in shares of Duolingo in the first quarter valued at approximately $28,000. Brooklyn Investment Group boosted its stake in shares of Duolingo by 4,750.0% in the first quarter. Brooklyn Investment Group now owns 97 shares of the company’s stock valued at $30,000 after purchasing an additional 95 shares during the period. Kiker Wealth Management LLC purchased a new position in Duolingo in the second quarter worth approximately $31,000. Finally, Whittier Trust Co. acquired a new position in Duolingo during the 1st quarter worth approximately $33,000. Hedge funds and other institutional investors own 91.59% of the company’s stock.

Analysts Set New Price Targets

Several research analysts have weighed in on the stock. UBS Group lowered their target price on shares of Duolingo from $500.00 to $450.00 and set a “buy” rating for the company in a research note on Monday. Morgan Stanley increased their target price on shares of Duolingo from $480.00 to $500.00 and gave the stock an “overweight” rating in a research note on Thursday, August 7th. KeyCorp raised shares of Duolingo from a “sector weight” rating to an “overweight” rating and set a $460.00 target price for the company in a research note on Monday, August 18th. DA Davidson lowered shares of Duolingo from a “buy” rating to a “neutral” rating and lowered their target price for the stock from $500.00 to $300.00 in a research note on Thursday, September 4th. Finally, Weiss Ratings reaffirmed a “hold (c)” rating on shares of Duolingo in a research note on Friday. Twelve analysts have rated the stock with a Buy rating, eleven have given a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, Duolingo currently has an average rating of “Hold” and a consensus target price of $414.05.

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.