Duolingo, Inc. $DUOL Shares Sold by Confluence Wealth Services Inc.

Confluence Wealth Services Inc. reduced its position in Duolingo, Inc. (NASDAQ:DUOL) by 6.0% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 1,042 shares of the company’s stock after selling 66 shares during the quarter. Confluence Wealth Services Inc.’s holdings in Duolingo were worth $427,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Jefferies Financial Group Inc. acquired a new position in shares of Duolingo in the 1st quarter worth approximately $3,772,000. Hsbc Holdings PLC lifted its stake in Duolingo by 39.0% during the first quarter. Hsbc Holdings PLC now owns 3,186 shares of the company’s stock worth $995,000 after purchasing an additional 894 shares during the last quarter. Encompass More Asset Management acquired a new position in Duolingo in the first quarter worth $762,000. Jump Financial LLC increased its stake in Duolingo by 563.7% during the first quarter. Jump Financial LLC now owns 104,693 shares of the company’s stock valued at $32,511,000 after purchasing an additional 88,918 shares during the last quarter. Finally, Silvant Capital Management LLC bought a new stake in Duolingo during the first quarter valued at $1,946,000. Institutional investors and hedge funds own 91.59% of the company’s stock.

Insider Buying and Selling at Duolingo

In other Duolingo news, CFO Matthew Skaruppa sold 10,937 shares of the business’s stock in a transaction dated Tuesday, August 26th. The shares were sold at an average price of $317.39, for a total transaction of $3,471,294.43. Following the sale, the chief financial officer directly owned 43,345 shares in the company, valued at approximately $13,757,269.55. The trade was a 20.15% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Natalie Glance sold 3,283 shares of the business’s stock in a transaction that occurred on Wednesday, October 1st. The stock was sold at an average price of $312.30, for a total value of $1,025,280.90. Following the sale, the insider directly owned 116,171 shares in the company, valued at approximately $36,280,203.30. The trade was a 2.75% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 73,791 shares of company stock valued at $23,702,001. 18.30% of the stock is currently owned by insiders.

Duolingo Stock Performance

Shares of NASDAQ DUOL opened at $320.31 on Tuesday. Duolingo, Inc. has a 12-month low of $256.63 and a 12-month high of $544.93. The company has a market cap of $14.68 billion, a PE ratio of 131.81, a P/E/G ratio of 2.15 and a beta of 0.86. The stock has a 50 day simple moving average of $317.13 and a 200-day simple moving average of $380.98. The company has a current ratio of 2.81, a quick ratio of 2.81 and a debt-to-equity ratio of 0.10.

Duolingo (NASDAQ:DUOL) last posted its earnings results on Wednesday, August 6th. The company reported $0.91 EPS for the quarter, beating the consensus estimate of $0.55 by $0.36. Duolingo had a return on equity of 13.32% and a net margin of 13.24%.The firm had revenue of $252.27 million for the quarter, compared to analysts’ expectations of $240.84 million. During the same period last year, the firm earned $0.51 EPS. The firm’s revenue was up 41.5% compared to the same quarter last year. On average, equities research analysts forecast that Duolingo, Inc. will post 2.03 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of research analysts have recently issued reports on DUOL shares. Needham & Company LLC restated a “buy” rating and issued a $460.00 price target on shares of Duolingo in a research report on Wednesday, September 17th. Raymond James Financial restated a “market perform” rating on shares of Duolingo in a research note on Tuesday, August 26th. Wall Street Zen lowered Duolingo from a “buy” rating to a “hold” rating in a report on Saturday, August 30th. Argus started coverage on Duolingo in a report on Wednesday, June 25th. They issued a “buy” rating and a $575.00 price target on the stock. Finally, Wells Fargo & Company started coverage on Duolingo in a research report on Monday, September 8th. They set an “underweight” rating and a $239.00 price objective for the company. One equities research analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating, ten have issued a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $419.32.

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.