Insider Selling: Duolingo, Inc. (NYSE:DUOL) Insider Sells 2,800 Shares of Stock
Duolingo, Inc. (NYSE:DUOL – Get Rating) insider Severin Hacker sold 2,800 shares of the business’s stock in a transaction that occurred on Monday, January 9th. The stock was sold at an average price of $75.05, for a total transaction of $210,140.00. Following the completion of the sale, the insider now owns 72 shares in the company, valued at $5,403.60. The transaction was disclosed in a legal filing with the SEC, which is available through this link.
Severin Hacker also recently made the following trade(s):
- On Wednesday, December 14th, Severin Hacker sold 10,000 shares of Duolingo stock. The stock was sold at an average price of $75.50, for a total transaction of $755,000.00.
- On Tuesday, November 1st, Severin Hacker sold 10,000 shares of Duolingo stock. The stock was sold at an average price of $81.81, for a total value of $818,100.00.
Duolingo Stock Up 4.5 %
Shares of DUOL stock traded up $3.37 during trading on Wednesday, hitting $78.69. 268,106 shares of the company were exchanged, compared to its average volume of 373,644. The business’s 50-day simple moving average is $71.91 and its 200 day simple moving average is $86.96. Duolingo, Inc. has a twelve month low of $60.50 and a twelve month high of $113.36. The firm has a market capitalization of $3.12 billion, a price-to-earnings ratio of -46.78 and a beta of -0.29. The company has a debt-to-equity ratio of 0.05, a quick ratio of 4.29 and a current ratio of 4.29.
Duolingo (NYSE:DUOL – Get Rating) last released its earnings results on Thursday, November 10th. The company reported ($0.46) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.59) by $0.13. Duolingo had a negative net margin of 18.65% and a negative return on equity of 12.06%. The company had revenue of $96.07 million during the quarter, compared to the consensus estimate of $95.15 million. As a group, analysts forecast that Duolingo, Inc. will post -1.66 EPS for the current fiscal year.
Analyst Ratings Changes
A number of equities research analysts have recently issued reports on the company. Bank of America cut their target price on Duolingo from $130.00 to $105.00 and set a “buy” rating on the stock in a research report on Friday, November 11th. Barclays reduced their price objective on shares of Duolingo from $102.00 to $83.00 and set an “equal weight” rating for the company in a research note on Friday, November 11th. Raymond James decreased their target price on shares of Duolingo from $111.00 to $109.00 and set an “outperform” rating for the company in a report on Friday, November 11th. Evercore ISI boosted their price target on shares of Duolingo from $130.00 to $135.00 in a report on Friday, November 11th. Finally, Piper Sandler decreased their price objective on shares of Duolingo from $119.00 to $95.00 and set an “overweight” rating for the company in a research note on Tuesday, January 3rd. One research analyst has rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. Based on data from MarketBeat, Duolingo has an average rating of “Moderate Buy” and a consensus target price of $107.33.
Institutional Trading of Duolingo
A number of institutional investors have recently bought and sold shares of DUOL. Durable Capital Partners LP increased its position in Duolingo by 59.8% in the 1st quarter. Durable Capital Partners LP now owns 3,248,046 shares of the company’s stock worth $308,922,000 after purchasing an additional 1,215,144 shares during the last quarter. Price T Rowe Associates Inc. MD grew its stake in shares of Duolingo by 605.8% in the 2nd quarter. Price T Rowe Associates Inc. MD now owns 1,126,165 shares of the company’s stock valued at $98,596,000 after buying an additional 966,604 shares in the last quarter. Alphabet Inc. acquired a new position in Duolingo in the third quarter worth approximately $67,084,000. Baillie Gifford & Co. raised its position in Duolingo by 29.4% during the second quarter. Baillie Gifford & Co. now owns 2,653,424 shares of the company’s stock valued at $232,308,000 after acquiring an additional 603,323 shares in the last quarter. Finally, Vanguard Group Inc. lifted its stake in Duolingo by 24.8% in the third quarter. Vanguard Group Inc. now owns 2,357,551 shares of the company’s stock valued at $224,510,000 after acquiring an additional 468,057 shares during the last quarter. Institutional investors and hedge funds own 63.16% of the company’s stock.
Duolingo Company Profile
Duolingo, Inc develops a language-learning website and mobile app in the United States and China. The company offers courses in 40 different languages, including Spanish, English, French, Japanese, German, Italian, Chinese, Portuguese, and others. It also provides a digital language proficiency assessment exam.
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