Blueshift Asset Management LLC Has $1.15 Million Holdings in Duolingo, Inc. (NASDAQ:DUOL)

Blueshift Asset Management LLC trimmed its holdings in shares of Duolingo, Inc. (NASDAQ:DUOL) by 42.9% during the third quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 4,066 shares of the company’s stock after selling 3,058 shares during the period. Blueshift Asset Management LLC’s holdings in Duolingo were worth $1,147,000 as of its most recent filing with the SEC.

Several other hedge funds also recently modified their holdings of the stock. Dragoneer Investment Group LLC bought a new position in Duolingo during the second quarter worth $204,768,000. Teachers Retirement System of The State of Kentucky boosted its position in shares of Duolingo by 23.7% during the 2nd quarter. Teachers Retirement System of The State of Kentucky now owns 67,114 shares of the company’s stock worth $14,005,000 after purchasing an additional 12,860 shares in the last quarter. Lisanti Capital Growth LLC grew its stake in shares of Duolingo by 17.8% in the 3rd quarter. Lisanti Capital Growth LLC now owns 11,645 shares of the company’s stock valued at $3,284,000 after buying an additional 1,760 shares during the period. Price T Rowe Associates Inc. MD grew its stake in shares of Duolingo by 73.6% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 364,755 shares of the company’s stock valued at $80,459,000 after buying an additional 154,659 shares during the period. Finally, State of Michigan Retirement System bought a new stake in Duolingo in the 2nd quarter valued at about $1,857,000. Institutional investors own 91.59% of the company’s stock.

Wall Street Analysts Forecast Growth

DUOL has been the topic of several recent research reports. Piper Sandler increased their price target on Duolingo from $271.00 to $351.00 and gave the stock an “overweight” rating in a report on Thursday, November 7th. Evercore ISI upgraded shares of Duolingo to a “strong-buy” rating in a research note on Monday, August 5th. Seaport Res Ptn lowered shares of Duolingo from a “strong-buy” rating to a “hold” rating in a research note on Thursday, November 7th. The Goldman Sachs Group upped their target price on shares of Duolingo from $250.00 to $275.00 and gave the stock a “neutral” rating in a report on Thursday, November 7th. Finally, Bank of America raised their target price on Duolingo from $292.00 to $298.00 and gave the company a “buy” rating in a report on Wednesday, September 25th. Five investment 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. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $331.33.

Duolingo Trading Up 1.6 %

NASDAQ DUOL opened at $353.53 on Wednesday. The stock has a market capitalization of $15.55 billion, a price-to-earnings ratio of 193.19 and a beta of 0.79. The business’s fifty day moving average is $294.74 and its 200-day moving average is $229.12. The company has a debt-to-equity ratio of 0.07, a current ratio of 3.09 and a quick ratio of 3.09. Duolingo, Inc. has a one year low of $145.05 and a one year high of $364.95.

Duolingo (NASDAQ:DUOL) last released its earnings results 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 for 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 company’s quarterly revenue was up 39.9% on a year-over-year basis. During the same period in the previous year, the company earned $0.06 earnings per share. Equities research analysts predict that Duolingo, Inc. will post 2.02 EPS for the current year.

Insiders Place Their Bets

In other news, insider Natalie Glance sold 1,500 shares of Duolingo stock in a transaction dated Wednesday, November 6th. The shares were sold at an average price of $313.36, for a total value of $470,040.00. Following the completion of the transaction, the insider now owns 136,760 shares in the company, valued at $42,855,113.60. This trade represents a 1.08 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Robert Meese sold 5,000 shares of the firm’s stock in a transaction that occurred on Wednesday, September 25th. The stock was sold at an average price of $285.04, for a total transaction of $1,425,200.00. Following the completion of the transaction, the insider now directly owns 142,053 shares of the company’s stock, valued at approximately $40,490,787.12. This trade represents a 3.40 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 52,783 shares of company stock valued at $12,156,296 over the last ninety days. 18.30% of the stock is currently owned by insiders.

About Duolingo

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.