Duolingo, Inc. (NASDAQ:DUOL - Get Free Report) insider Severin Hacker sold 10,000 shares of Duolingo stock in a transaction on Thursday, December 19th. The stock was sold at an average price of $336.82, for a total value of $3,368,200.00. Following the sale, the insider now owns 72 shares in the company, valued at $24,251.04. The trade was a 99.29 % decrease in their ownership of the stock. The transaction 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, December 11th, Severin Hacker sold 188,901 shares of Duolingo stock. The stock was sold at an average price of $339.54, for a total transaction of $64,139,445.54.
Duolingo Trading Up 2.1 %
DUOL stock opened at $342.12 on Friday. Duolingo, Inc. has a one year low of $145.05 and a one year high of $378.48. The company has a market capitalization of $15.05 billion, a PE ratio of 186.95 and a beta of 0.85. The company's 50 day moving average price is $322.88 and its two-hundred day moving average price is $250.55. The company has a debt-to-equity ratio of 0.07, a quick ratio of 3.09 and a current ratio of 3.09.
WARNING: “Buffett Indicator” flashing for first time in 50 years
From Behind the Markets | Ad
Warren Buffett has sold a staggering $97 billion worth of stocks this year...
But why?
Our research indicates the Oracle of Omaha is quietly preparing for a historic market crash.
His most reliable crash indicator - the "Buffett indicator" - just flashed red for the first time in 25 years.
Take these 4 steps today to protect your retirement NOW
Duolingo (NASDAQ:DUOL - Get Free Report) last announced its quarterly earnings data on Wednesday, November 6th. The company reported $0.49 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.35 by $0.14. Duolingo had a return on equity of 11.74% and a net margin of 12.59%. The firm had revenue of $192.59 million for the quarter, compared to analysts' expectations of $189.19 million. During the same period last year, the firm earned $0.06 earnings per share. The company's revenue for the quarter was up 39.9% compared to the same quarter last year. As a group, analysts predict that Duolingo, Inc. will post 2.02 earnings per share for the current fiscal year.
Institutional Investors Weigh In On Duolingo
Several institutional investors have recently added to or reduced their stakes in DUOL. Dragoneer Investment Group LLC bought a new position in shares of Duolingo during the second quarter valued at approximately $204,768,000. FMR LLC lifted its position in shares of Duolingo by 26.9% in the 3rd quarter. FMR LLC now owns 2,663,234 shares of the company's stock worth $751,085,000 after purchasing an additional 564,173 shares during the period. International Assets Investment Management LLC increased its position in shares of Duolingo by 30,909.9% during the third quarter. International Assets Investment Management LLC now owns 355,063 shares of the company's stock valued at $100,135,000 after buying an additional 353,918 shares during the period. Bank of New York Mellon Corp raised its stake in Duolingo by 153.1% in the second quarter. Bank of New York Mellon Corp now owns 395,123 shares of the company's stock worth $82,450,000 after buying an additional 238,990 shares in the last quarter. Finally, Spyglass Capital Management LLC bought a new stake in Duolingo during the 3rd quarter valued at approximately $38,512,000. Hedge funds and other institutional investors own 91.59% of the company's stock.
Analyst Upgrades and Downgrades
DUOL has been the subject of a number of research reports. Needham & Company LLC increased their target price on shares of Duolingo from $370.00 to $385.00 and gave the company a "buy" rating in a research report on Thursday. Bank of America cut Duolingo from a "buy" rating to a "neutral" rating and boosted their price objective for the company from $355.00 to $375.00 in a research note on Wednesday, December 11th. The Goldman Sachs Group increased their target price on shares of Duolingo from $250.00 to $275.00 and gave the stock a "neutral" rating in a research report on Thursday, November 7th. Piper Sandler boosted their price target on shares of Duolingo from $271.00 to $351.00 and gave the company an "overweight" rating in a research report on Thursday, November 7th. Finally, DA Davidson boosted their target price on shares of Duolingo from $250.00 to $350.00 and gave the company a "buy" rating in a report on Thursday, November 7th. Six research analysts have rated the stock with a hold rating, six have given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, Duolingo has an average rating of "Moderate Buy" and a consensus price target of $353.90.
Get Our Latest Analysis on DUOL
Duolingo Company Profile
(
Get Free Report)
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.
Read More
This instant news alert was generated by narrative science technology and financial data from InsiderTrades.com in order to provide readers with the fastest and most accurate reporting. This story was reviewed by InsiderTrades.com's editorial team prior to publication. Please send any questions or comments about this story to [email protected].
