Duolingo, Inc. (NASDAQ:DUOL - Get Free Report) insider Severin Hacker sold 10,000 shares of Duolingo stock in a transaction dated Monday, April 21st. The shares were sold at an average price of $314.36, for a total transaction of $3,143,600.00. Following the sale, the insider now owns 72 shares of the company's stock, valued at approximately $22,633.92. This represents a 99.29 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website.
Severin Hacker also recently made the following trade(s):
- On Monday, April 7th, Severin Hacker sold 10,000 shares of Duolingo stock. The shares were sold at an average price of $292.43, for a total value 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 value of $2,982,500.00.
- On Wednesday, February 5th, Severin Hacker sold 10,000 shares of Duolingo stock. The stock was sold at an average price of $391.46, for a total transaction of $3,914,600.00.
Duolingo Stock Up 10.0 %
Shares of NASDAQ:DUOL opened at $370.00 on Thursday. 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 $328.05 and a 200-day simple moving average of $331.07. The company has a market capitalization of $16.74 billion, a PE ratio of 202.19 and a beta of 0.91. Duolingo, Inc. has a twelve month low of $145.05 and a twelve month high of $441.77.
Duolingo (NASDAQ:DUOL - Get Free Report) last announced its quarterly earnings results on Thursday, February 27th. The company reported $0.31 earnings per share for the quarter, missing analysts' consensus estimates of $0.50 by ($0.19). The company had revenue of $209.55 million during the quarter, compared to analysts' expectations of $205.49 million. Duolingo had a net margin of 12.59% and a return on equity of 11.74%. On average, equities analysts predict that Duolingo, Inc. will post 2.03 EPS for the current fiscal year.
Institutional Inflows and Outflows
Hedge funds have recently added to or reduced their stakes in the company. Contravisory Investment Management Inc. acquired a new stake in shares of Duolingo in the first quarter valued at approximately $25,000. Quarry LP raised its position in Duolingo by 250.0% in the 4th quarter. Quarry LP now owns 91 shares of the company's stock valued at $30,000 after purchasing an additional 65 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. acquired a new stake in Duolingo during the 4th quarter worth $31,000. Garde Capital Inc. purchased a new position in Duolingo during the 1st quarter worth $31,000. Finally, Harvest Fund Management Co. Ltd increased its stake in Duolingo by 5,050.0% in the fourth quarter. Harvest Fund Management Co. Ltd now owns 103 shares of the company's stock valued at $33,000 after purchasing an additional 101 shares during the period. Hedge funds and other institutional investors own 91.59% of the company's stock.
Analyst Ratings Changes
A number of research analysts recently weighed in on the stock. Barclays lifted their price objective on shares of Duolingo from $295.00 to $330.00 and gave the company an "equal weight" rating in a report on Friday, February 28th. Piper Sandler upped their price objective on Duolingo from $351.00 to $390.00 and gave the stock an "overweight" rating in a research report on Friday, February 28th. JMP Securities reiterated a "market perform" rating on shares of Duolingo in a report on Friday, February 14th. Morgan Stanley began coverage on Duolingo in a report on Wednesday. They set an "overweight" rating and a $435.00 price target on the stock. Finally, UBS Group decreased their price objective on Duolingo from $430.00 to $400.00 and set a "buy" rating for the company in a research note on Friday, April 11th. Seven equities research analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $376.15.
Read Our Latest Stock Report 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.
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