Duolingo, Inc. (NASDAQ:DUOL) Shares Sold by Rakuten Securities Inc.

Rakuten Securities Inc. decreased its holdings in shares of Duolingo, Inc. (NASDAQ:DUOL) by 0.9% during the 3rd quarter, HoldingsChannel.com reports. The fund owned 6,981 shares of the company’s stock after selling 65 shares during the period. Duolingo makes up about 0.9% of Rakuten Securities Inc.’s portfolio, making the stock its 23rd biggest holding. Rakuten Securities Inc.’s holdings in Duolingo were worth $1,969,000 at the end of the most recent reporting period.

Other institutional investors have also recently added to or reduced their stakes in the company. Dragoneer Investment Group LLC acquired a new position in shares of Duolingo during the second quarter worth about $204,768,000. International Assets Investment Management LLC lifted its position in Duolingo by 30,909.9% during the 3rd quarter. International Assets Investment Management LLC now owns 355,063 shares of the company’s stock worth $100,135,000 after acquiring an additional 353,918 shares in the last quarter. Whale Rock Capital Management LLC boosted its holdings in Duolingo by 23.9% in the 1st quarter. Whale Rock Capital Management LLC now owns 1,275,189 shares of the company’s stock worth $281,281,000 after acquiring an additional 245,599 shares during the period. Bank of New York Mellon Corp grew its position 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 valued at $82,450,000 after acquiring an additional 238,990 shares in the last quarter. Finally, Price T Rowe Associates Inc. MD raised its stake in shares of Duolingo by 73.6% during the first quarter. Price T Rowe Associates Inc. MD now owns 364,755 shares of the company’s stock valued at $80,459,000 after purchasing an additional 154,659 shares during the period. 91.59% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In other Duolingo news, CFO Matthew Skaruppa sold 17,591 shares of the business’s stock in a transaction dated Wednesday, August 21st. The shares were sold at an average price of $207.27, for a total transaction of $3,646,086.57. Following the completion of the transaction, the chief financial officer now directly owns 88,856 shares of the company’s stock, valued at $18,417,183.12. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. In related news, insider Natalie Glance sold 1,500 shares of the stock in a transaction dated Friday, September 6th. The shares were sold at an average price of $207.51, for a total value of $311,265.00. Following the completion of the transaction, the insider now owns 139,760 shares in the company, valued at $29,001,597.60. This represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, CFO Matthew Skaruppa sold 17,591 shares of the stock in a transaction on Wednesday, August 21st. The shares were sold at an average price of $207.27, for a total value of $3,646,086.57. Following the transaction, the chief financial officer now directly owns 88,856 shares of the company’s stock, valued at approximately $18,417,183.12. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 70,374 shares of company stock valued at $15,802,382. 18.30% of the stock is currently owned by company insiders.

Analyst Ratings Changes

Several brokerages have recently weighed in on DUOL. Barclays upped their target price on shares of Duolingo from $183.00 to $295.00 and gave the company an “equal weight” rating in a research note on Thursday, November 7th. DA Davidson raised their target price on Duolingo from $250.00 to $350.00 and gave the company a “buy” rating in a research note on Thursday, November 7th. The Goldman Sachs Group lifted their target price on Duolingo from $250.00 to $275.00 and gave the stock a “neutral” rating in a research report on Thursday, November 7th. Piper Sandler increased their price target on Duolingo from $271.00 to $351.00 and gave the company an “overweight” rating in a report on Thursday, November 7th. Finally, Bank of America raised their price objective on Duolingo from $292.00 to $298.00 and gave the company a “buy” rating in a research note on Wednesday, September 25th. Five equities research analysts have rated the stock with a hold rating, six have issued a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $325.44.

Duolingo Stock Performance

Shares of DUOL opened at $318.23 on Tuesday. The company has a debt-to-equity ratio of 0.07, a current ratio of 3.09 and a quick ratio of 3.28. Duolingo, Inc. has a 12-month low of $145.05 and a 12-month high of $330.61. The business’s fifty day moving average price is $272.96 and its 200 day moving average price is $222.38. The stock has a market capitalization of $13.86 billion, a PE ratio of 173.90 and a beta of 0.79.

Duolingo (NASDAQ:DUOL) last announced its quarterly earnings data on Wednesday, November 6th. The company reported $0.49 earnings per share for the quarter, beating analysts’ consensus estimates of $0.35 by $0.14. Duolingo had a net margin of 12.59% and a return on equity of 11.74%. The business had revenue of $192.59 million during the quarter, compared to the consensus estimate of $189.19 million. During the same quarter in the prior year, the firm earned $0.06 EPS. The company’s revenue for the quarter was up 39.9% compared to the same quarter last year. Equities research analysts forecast that Duolingo, Inc. will post 2.02 EPS for the current year.

Duolingo 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.