Caisse DE Depot ET Placement DU Quebec Invests $3.03 Million in Duolingo, Inc. (NASDAQ:DUOL)

Caisse DE Depot ET Placement DU Quebec bought a new position in shares of Duolingo, Inc. (NASDAQ:DUOL) in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The firm bought 10,750 shares of the company’s stock, valued at approximately $3,032,000.

Several other institutional investors have also bought and sold shares of the stock. First Horizon Advisors Inc. bought a new position in shares of Duolingo during the third quarter valued at $29,000. Larson Financial Group LLC bought a new position in Duolingo during the 2nd quarter valued at about $31,000. Blue Trust Inc. acquired a new position in Duolingo in the second quarter valued at about $32,000. GAMMA Investing LLC grew its stake in Duolingo by 350.0% during the second quarter. GAMMA Investing LLC now owns 171 shares of the company’s stock worth $36,000 after buying an additional 133 shares during the last quarter. Finally, Mark Sheptoff Financial Planning LLC bought a new stake in Duolingo during the second quarter worth about $36,000. Institutional investors and hedge funds own 91.59% of the company’s stock.

Duolingo Price Performance

DUOL opened at $346.52 on Tuesday. The company has a fifty day simple moving average of $302.18 and a 200 day simple moving average of $233.86. The company has a quick ratio of 3.09, a current ratio of 3.09 and a debt-to-equity ratio of 0.07. The stock has a market cap of $15.24 billion, a P/E ratio of 189.36 and a beta of 0.79. Duolingo, Inc. has a 12 month low of $145.05 and a 12 month high of $364.95.

Duolingo (NASDAQ:DUOL) last released its quarterly earnings results on Wednesday, November 6th. The company reported $0.49 EPS for the quarter, topping 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 company had revenue of $192.59 million for the quarter, compared to analyst estimates of $189.19 million. During the same quarter last year, the firm posted $0.06 earnings per share. Duolingo’s revenue was up 39.9% compared to the same quarter last year. On average, research analysts expect that Duolingo, Inc. will post 2.02 EPS for the current year.

Insider Buying and Selling at Duolingo

In related news, insider Natalie Glance sold 1,500 shares of the firm’s stock in a transaction on Friday, September 6th. The shares were sold at an average price of $207.51, for a total transaction of $311,265.00. Following the sale, the insider now directly owns 139,760 shares in the company, valued at $29,001,597.60. This trade represents a 1.06 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, insider Robert Meese sold 5,000 shares of the company’s stock in a transaction on Friday, September 20th. The stock was sold at an average price of $270.00, for a total transaction of $1,350,000.00. Following the completion of the transaction, the insider now directly owns 147,053 shares of the company’s stock, valued at approximately $39,704,310. The trade was a 3.29 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 19,319 shares of company stock valued at $5,134,526. 18.30% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

A number of research firms recently commented on DUOL. Needham & Company LLC increased their price target on Duolingo from $310.00 to $370.00 and gave the stock a “buy” rating in a research report on Thursday, November 7th. JPMorgan Chase & Co. increased their target price on Duolingo from $303.00 to $360.00 and gave the stock an “overweight” rating in a report on Thursday, November 7th. JMP Securities cut Duolingo from an “outperform” rating to a “market perform” rating in a report on Monday, October 14th. Piper Sandler upped their price target on shares of Duolingo from $271.00 to $351.00 and gave the stock an “overweight” rating in a research report on Thursday, November 7th. Finally, Seaport Res Ptn cut shares of Duolingo from a “strong-buy” rating to a “hold” rating in a research report on Thursday, November 7th. Five research analysts have rated the stock with a hold rating, six have assigned a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, Duolingo currently has a consensus rating of “Moderate Buy” and a consensus target price of $331.33.

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.