6,284 Shares in Duolingo, Inc. $DUOL Acquired by Dynamic Technology Lab Private Ltd

Dynamic Technology Lab Private Ltd bought a new position in shares of Duolingo, Inc. (NASDAQ:DUOL) in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 6,284 shares of the company’s stock, valued at approximately $1,103,000.

A number of other large investors have also recently added to or reduced their stakes in DUOL. NewEdge Advisors LLC boosted its holdings in Duolingo by 1,868.2% during the first quarter. NewEdge Advisors LLC now owns 433 shares of the company’s stock worth $134,000 after buying an additional 411 shares in the last quarter. Goldman Sachs Group Inc. boosted its holdings in Duolingo by 123.9% during the first quarter. Goldman Sachs Group Inc. now owns 87,556 shares of the company’s stock worth $27,190,000 after buying an additional 48,451 shares in the last quarter. Focus Partners Wealth boosted its holdings in Duolingo by 28.3% during the first quarter. Focus Partners Wealth now owns 2,021 shares of the company’s stock worth $628,000 after buying an additional 446 shares in the last quarter. Amundi boosted its holdings in Duolingo by 142.1% during the second quarter. Amundi now owns 26,075 shares of the company’s stock worth $10,352,000 after buying an additional 15,306 shares in the last quarter. Finally, Gabelli Funds LLC bought a new stake in Duolingo during the second quarter worth approximately $205,000. 91.59% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of analysts recently weighed in on the stock. The Goldman Sachs Group reduced their target price on shares of Duolingo from $250.00 to $105.00 and set a “neutral” rating for the company in a report on Monday, March 2nd. Zacks Research upgraded shares of Duolingo from a “strong sell” rating to a “hold” rating in a report on Tuesday, April 28th. Argus restated a “hold” rating on shares of Duolingo in a report on Wednesday, March 18th. Bank of America restated a “neutral” rating and set a $100.00 target price on shares of Duolingo in a report on Friday, February 27th. Finally, Citigroup reaffirmed a “neutral” rating and issued a $101.00 price objective (down from $270.00) on shares of Duolingo in a research note on Friday, February 27th. Three equities research analysts have rated the stock with a Buy rating, seventeen have issued a Hold rating and two have given a Sell rating to the company. According to MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $197.61.

Insider Buying and Selling at Duolingo

In other Duolingo news, insider Robert Meese sold 1,420 shares of Duolingo stock in a transaction on Friday, May 15th. The shares were sold at an average price of $112.16, for a total transaction of $159,267.20. Following the completion of the sale, the insider owned 170,745 shares of the company’s stock, valued at $19,150,759.20. This trade represents a 0.82% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, General Counsel Stephen C. Chen sold 1,977 shares of Duolingo stock in a transaction on Monday, May 18th. The shares were sold at an average price of $113.61, for a total transaction of $224,606.97. Following the sale, the general counsel directly owned 52,807 shares of the company’s stock, valued at $5,999,403.27. This trade represents a 3.61% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders sold 9,506 shares of company stock valued at $1,073,864 in the last quarter. Company insiders own 16.62% of the company’s stock.

Duolingo Trading Down 1.0%

Duolingo stock opened at $122.63 on Friday. The company has a 50 day moving average price of $106.08 and a 200 day moving average price of $130.04. Duolingo, Inc. has a 52 week low of $87.89 and a 52 week high of $489.00. The company has a debt-to-equity ratio of 0.07, a quick ratio of 2.62 and a current ratio of 2.62. The firm has a market capitalization of $5.71 billion, a price-to-earnings ratio of 14.11, a P/E/G ratio of 0.94 and a beta of 0.89.

Duolingo (NASDAQ:DUOL) last posted its quarterly earnings data on Monday, May 4th. The company reported $0.89 EPS for the quarter, topping analysts’ consensus estimates of $0.79 by $0.10. Duolingo had a net margin of 38.44% and a return on equity of 14.07%. The firm had revenue of $291.97 million during the quarter, compared to analyst estimates of $288.60 million. During the same quarter last year, the business posted $0.72 EPS. The company’s revenue was up 26.5% on a year-over-year basis. Research analysts forecast that Duolingo, Inc. will post 2.84 EPS for the current year.

Duolingo Company Profile

Duolingo, Inc (NASDAQ:DUOL) is a technology-driven education company that operates a widely used language-learning platform. Founded in 2011 by Luis von Ahn and Severin Hacker, Duolingo offers a freemium service featuring bite-sized lessons, gamified exercises and adaptive learning algorithms. The company’s core product is its mobile and web application, which supports instruction in more than 40 languages, ranging from widely spoken tongues such as English and Spanish to lesser-taught options including Irish and Swahili.

In addition to its flagship language courses, Duolingo has expanded its product suite to include the Duolingo English Test, an on-demand, computer-based English proficiency exam designed for academic and professional admissions.