8,926 Duolingo, Inc. $DUOL Shares Purchased by Reinhart Partners LLC.

Reinhart Partners LLC. increased its holdings in Duolingo, Inc. (NASDAQ:DUOL) by 43.3% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 29,549 shares of the company’s stock after buying an additional 8,926 shares during the period. Reinhart Partners LLC.’s holdings in Duolingo were worth $4,208,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also added to or reduced their stakes in DUOL. Bank of America Corp DE lifted its position in shares of Duolingo by 511.2% during the 1st quarter. Bank of America Corp DE now owns 1,332,301 shares of the company’s stock valued at $131,325,000 after acquiring an additional 1,114,315 shares during the period. State of Michigan Retirement System raised its position in shares of Duolingo by 112.9% in the 1st quarter. State of Michigan Retirement System now owns 1,193,307 shares of the company’s stock valued at $117,624,000 after buying an additional 632,807 shares in the last quarter. Renaissance Technologies LLC lifted its holdings in shares of Duolingo by 91.3% during the 1st quarter. Renaissance Technologies LLC now owns 603,806 shares of the company’s stock worth $59,517,000 after acquiring an additional 288,252 shares during the period. Amundi lifted its holdings in shares of Duolingo by 1,351.7% during the 1st quarter. Amundi now owns 449,068 shares of the company’s stock worth $44,265,000 after acquiring an additional 418,134 shares during the period. Finally, Altshuler Shaham Ltd boosted its position in shares of Duolingo by 41,353.2% during the 4th quarter. Altshuler Shaham Ltd now owns 243,330 shares of the company’s stock worth $42,704,000 after acquiring an additional 242,743 shares in the last quarter. Institutional investors and hedge funds own 91.59% of the company’s stock.

Duolingo Stock Down 0.9%

Shares of NASDAQ DUOL opened at $149.92 on Friday. Duolingo, Inc. has a 1 year low of $87.89 and a 1 year high of $347.60. The company has a debt-to-equity ratio of 0.06, a current ratio of 2.72 and a quick ratio of 2.72. The firm has a market cap of $7.01 billion, a PE ratio of 17.76, a price-to-earnings-growth ratio of 1.24 and a beta of 1.05. The company has a 50 day simple moving average of $144.42 and a 200 day simple moving average of $124.28.

Duolingo (NASDAQ:DUOL) last announced its quarterly earnings results on Wednesday, August 5th. The company reported $0.66 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.60 by $0.06. The firm had revenue of $298.45 million during the quarter, compared to analysts’ expectations of $295.58 million. Duolingo had a net margin of 35.88% and a return on equity of 12.10%. The company’s revenue was up 18.3% on a year-over-year basis. During the same period in the prior year, the company posted $0.91 EPS. On average, research analysts forecast that Duolingo, Inc. will post 2.62 EPS for the current year.

Key Stories Impacting Duolingo

Here are the key news stories impacting Duolingo this week:

• Neutral Sentiment: Duolingo will report third-quarter 2026 results after the market closes on November 3, followed by a webcast. The upcoming report may provide clarification on user growth, product quality and the company’s outlook. Duolingo third-quarter results announcement
• Neutral Sentiment: Reported short interest data shows zero shares short and a days-to-cover ratio of zero as of October 9. That reading conflicts with the description of a “large increase” in short interest and may reflect a data or reporting issue rather than a meaningful change in sentiment.
• Negative Sentiment: Several law firms announced investigations and securities class actions concerning alleged misleading statements about Duolingo’s product quality, user growth and the sustainability of its business. The claims cover investors who purchased shares between May 2, 2025, and February 26, 2026. The allegations have not been proven, but the litigation creates reputational, legal-cost and potential financial-liability risks. Duolingo securities fraud investigation
• Negative Sentiment: A pension fund has accused Duolingo of concealing a user-growth crisis, reinforcing concerns that slowing or lower-quality growth may have been understated. These allegations could increase scrutiny ahead of the November earnings release. Pension fund allegations against Duolingo
• Negative Sentiment: CEO Luis von Ahn sold 110,046 shares for approximately $16.7 million, reducing his direct position by 50%. Although the transaction was conducted under a pre-arranged Rule 10b5-1 plan, the sizable sale may weigh on sentiment because it signals insider share selling.

Insider Activity at Duolingo

In other news, insider Robert Meese sold 1,354 shares of the business’s stock in a transaction that occurred on Monday, August 17th. The shares were sold at an average price of $129.13, for a total value of $174,842.02. Following the transaction, the insider owned 169,391 shares in the company, valued at approximately $21,873,459.83. The trade was a 0.79% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, CEO Luis van Ahn sold 110,046 shares of the company’s stock in a transaction on Wednesday, October 7th. The shares were sold at an average price of $151.70, for a total transaction of $16,693,978.20. Following the completion of the sale, the chief executive officer directly owned 110,046 shares in the company, valued at approximately $16,693,978.20. This represents a 50.00% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold 250,740 shares of company stock valued at $37,685,893 over the last ninety days. Insiders own 16.62% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages have commented on DUOL. Susquehanna assumed coverage on shares of Duolingo in a research report on Tuesday, August 18th. They set a “positive” rating for the company. Citigroup raised Duolingo from a “hold” rating to a “buy” rating in a report on Tuesday, August 18th. Barclays lifted their target price on Duolingo from $110.00 to $115.00 and gave the company an “equal weight” rating in a research report on Thursday, August 6th. Compass Point assumed coverage on shares of Duolingo in a report on Tuesday, August 18th. They issued a “buy” rating for the company. Finally, Weiss Ratings upgraded shares of Duolingo from a “hold (c-)” rating to a “hold (c)” rating in a research note on Thursday. One equities research analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating, fourteen have issued a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $125.31.

About Duolingo

Duolingo, Inc develops digital learning products designed to make education accessible through technology and gamification. Its flagship Duolingo app offers language-learning courses, practice exercises and other interactive features for learners of languages including Spanish, English, French, German and Japanese, among others.

The company also offers subscription plans, including Super Duolingo and Duolingo Max, which provide additional features and, in the case of Duolingo Max, artificial-intelligence-powered learning tools.