Duolingo, Inc. (NASDAQ:DUOL – Get Free Report) insider Severin Hacker sold 10,000 shares of the business’s stock in a transaction dated Wednesday, November 19th. The shares were sold at an average price of $172.74, for a total transaction of $1,727,400.00. Following the completion of the transaction, the insider owned 72 shares in the company, valued at approximately $12,437.28. This trade represents a 99.29% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website.
Severin Hacker also recently made the following trade(s):
- On Tuesday, November 4th, Severin Hacker sold 10,000 shares of Duolingo stock. The stock was sold at an average price of $263.13, for a total transaction of $2,631,300.00.
- On Monday, October 20th, Severin Hacker sold 10,000 shares of Duolingo stock. The stock was sold at an average price of $314.72, for a total value of $3,147,200.00.
- 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 value of $3,216,300.00.
- On Friday, September 19th, Severin Hacker sold 10,000 shares of Duolingo stock. The shares were sold at an average price of $288.94, for a total value 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 value of $2,685,500.00.
Duolingo Price Performance
Shares of DUOL stock opened at $172.78 on Friday. Duolingo, Inc. has a 52 week low of $166.27 and a 52 week high of $544.93. The stock has a market capitalization of $7.99 billion, a PE ratio of 21.90, a PEG ratio of 1.09 and a beta of 0.83. The company has a debt-to-equity ratio of 0.07, a quick ratio of 2.82 and a current ratio of 2.82. The stock’s fifty day moving average is $276.81 and its 200-day moving average is $360.55.
Analyst Ratings Changes
Several research analysts recently weighed in on DUOL shares. Scotiabank dropped their price objective on shares of Duolingo from $600.00 to $300.00 and set a “sector outperform” rating for the company in a research report on Thursday, November 6th. Raymond James Financial reaffirmed a “market perform” rating on shares of Duolingo in a research note on Tuesday, August 26th. Zacks Research downgraded shares of Duolingo from a “strong-buy” rating to a “hold” rating in a research note on Monday, October 13th. Wells Fargo & Company reduced their price objective on shares of Duolingo from $239.00 to $185.00 and set an “underweight” rating on the stock in a research note on Thursday, November 6th. Finally, DA Davidson dropped their target price on shares of Duolingo from $300.00 to $220.00 and set a “neutral” rating for the company in a research report on Thursday, November 6th. Ten equities research analysts have rated the stock with a Buy rating, twelve have issued a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $340.53.
Get Our Latest Stock Report on Duolingo
Institutional Inflows and Outflows
A number of institutional investors have recently bought and sold shares of DUOL. Bryce Point Capital LLC bought a new stake in Duolingo during the 2nd quarter worth approximately $946,000. Los Angeles Capital Management LLC bought a new stake in shares of Duolingo during the second quarter worth $14,377,000. Citigroup Inc. raised its holdings in shares of Duolingo by 129.8% during the second quarter. Citigroup Inc. now owns 197,052 shares of the company’s stock worth $80,795,000 after acquiring an additional 111,310 shares during the period. Jefferies Financial Group Inc. bought a new stake in Duolingo in the 1st quarter valued at $3,772,000. Finally, Profund Advisors LLC boosted its stake in Duolingo by 165.5% in the 2nd quarter. Profund Advisors LLC now owns 2,456 shares of the company’s stock worth $1,007,000 after purchasing an additional 1,531 shares during the period. Institutional investors and hedge funds own 91.59% of the company’s stock.
Duolingo Company Profile
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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