Duolingo, Inc. (NASDAQ:DUOL) Shares Sold by Strategic Advocates LLC

Strategic Advocates LLC decreased its position in shares of Duolingo, Inc. (NASDAQ:DUOL) by 18.7% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 892 shares of the company’s stock after selling 205 shares during the quarter. Strategic Advocates LLC’s holdings in Duolingo were worth $289,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in DUOL. True Wealth Design LLC acquired a new position in shares of Duolingo in the third quarter worth about $26,000. First Horizon Advisors Inc. acquired a new stake in Duolingo in the third quarter valued at approximately $29,000. Farther Finance Advisors LLC increased its position in shares of Duolingo by 164.6% in the third quarter. Farther Finance Advisors LLC now owns 127 shares of the company’s stock valued at $36,000 after buying an additional 79 shares in the last quarter. R Squared Ltd acquired a new position in shares of Duolingo during the 4th quarter worth approximately $55,000. Finally, Nisa Investment Advisors LLC lifted its position in shares of Duolingo by 50.0% during the 4th quarter. Nisa Investment Advisors LLC now owns 180 shares of the company’s stock valued at $58,000 after buying an additional 60 shares in the last quarter. 91.59% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Duolingo

In related news, insider Severin Hacker sold 10,000 shares of the company’s stock in a transaction dated Tuesday, January 21st. The stock was sold at an average price of $333.95, for a total value of $3,339,500.00. Following the completion of the sale, the insider now directly owns 72 shares of the company’s stock, valued at $24,044.40. This represents a 99.29 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Natalie Glance sold 1,500 shares of Duolingo stock in a transaction that occurred on Friday, December 6th. The stock was sold at an average price of $369.33, for a total value of $553,995.00. Following the transaction, the insider now directly owns 132,239 shares in the company, valued at approximately $48,839,829.87. This trade represents a 1.12 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 281,124 shares of company stock valued at $95,033,738. Insiders own 18.30% of the company’s stock.

Analyst Ratings Changes

A number of research firms have weighed in on DUOL. JMP Securities cut shares of Duolingo from an “outperform” rating to a “market perform” rating in a research report on Monday, October 14th. Needham & Company LLC raised their price target on shares of Duolingo from $370.00 to $385.00 and gave the company a “buy” rating in a research note on Thursday, December 19th. The Goldman Sachs Group boosted their price objective on Duolingo from $250.00 to $275.00 and gave the stock a “neutral” rating in a research note on Thursday, November 7th. Barclays raised their target price on Duolingo from $183.00 to $295.00 and gave the company an “equal weight” rating in a research report on Thursday, November 7th. Finally, Jefferies Financial Group began coverage on Duolingo in a research note on Friday, January 24th. They issued a “hold” rating and a $370.00 price objective for the company. Seven analysts have rated the stock with a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $355.55.

Duolingo Stock Up 1.3 %

Duolingo stock opened at $363.28 on Friday. Duolingo, Inc. has a fifty-two week low of $145.05 and a fifty-two week high of $378.48. The company has a debt-to-equity ratio of 0.07, a quick ratio of 3.09 and a current ratio of 3.09. The firm has a 50 day moving average price of $341.07 and a 200 day moving average price of $277.82. The company has a market capitalization of $15.98 billion, a PE ratio of 198.51 and a beta of 0.87.

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. The firm had revenue of $192.59 million during the quarter, compared to analysts’ expectations of $189.19 million. Duolingo had a net margin of 12.59% and a return on equity of 11.74%. The business’s quarterly revenue was up 39.9% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.06 earnings per share. Research analysts expect that Duolingo, Inc. will post 2.03 earnings per share for the current year.

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.