Rockefeller Capital Management L.P. Sells 4,951 Shares of Duolingo, Inc. $DUOL

Rockefeller Capital Management L.P. lessened its holdings in Duolingo, Inc. (NASDAQ:DUOL) by 40.4% during the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 7,310 shares of the company’s stock after selling 4,951 shares during the period. Rockefeller Capital Management L.P.’s holdings in Duolingo were worth $1,283,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in DUOL. Osbon Capital Management LLC purchased a new position in Duolingo during the fourth quarter worth about $84,000. Caitong International Asset Management Co. Ltd purchased a new stake in shares of Duolingo in the 4th quarter valued at about $73,000. Virtu Financial LLC bought a new stake in shares of Duolingo during the 4th quarter valued at about $4,282,000. Alpine Woods Capital Investors LLC bought a new stake in shares of Duolingo during the 4th quarter valued at about $333,000. Finally, Vident Advisory LLC grew its holdings in shares of Duolingo by 5.8% during the fourth quarter. Vident Advisory LLC now owns 2,647 shares of the company’s stock worth $465,000 after purchasing an additional 145 shares in the last quarter. 91.59% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several research firms recently weighed in on DUOL. Zacks Research upgraded shares of Duolingo from a “strong sell” rating to a “hold” rating in a research report on Tuesday, April 28th. DA Davidson reissued a “neutral” rating and issued a $120.00 price target on shares of Duolingo in a research note on Monday. JPMorgan Chase & Co. increased their price target on shares of Duolingo from $92.00 to $94.00 and gave the stock a “neutral” rating in a report on Tuesday, May 5th. Needham & Company LLC restated a “buy” rating and set a $145.00 price objective on shares of Duolingo in a research report on Tuesday, May 5th. Finally, Argus reaffirmed a “hold” rating on shares of Duolingo in a report on Wednesday, March 18th. Two research analysts have rated the stock with a Buy rating, nineteen have issued a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $175.41.

Duolingo Stock Up 5.4%

Shares of DUOL opened at $121.21 on Thursday. The firm has a market cap of $5.65 billion, a P/E ratio of 13.95, a P/E/G ratio of 0.89 and a beta of 0.88. The stock has a 50 day simple moving average of $113.32 and a two-hundred day simple moving average of $123.50. The company has a debt-to-equity ratio of 0.07, a current ratio of 2.62 and a quick ratio of 2.62. Duolingo, Inc. has a 1 year low of $87.89 and a 1 year high of $468.00.

Duolingo (NASDAQ:DUOL) last issued its quarterly earnings results on Monday, May 4th. The company reported $0.89 EPS for the quarter, beating analysts’ consensus estimates of $0.79 by $0.10. The business had revenue of $291.97 million for the quarter, compared to analysts’ expectations of $288.60 million. Duolingo had a net margin of 38.44% and a return on equity of 14.07%. The business’s quarterly revenue was up 26.5% on a year-over-year basis. During the same period last year, the business earned $0.72 earnings per share. On average, analysts forecast that Duolingo, Inc. will post 2.76 earnings per share for the current fiscal year.

Insider Activity at Duolingo

In other Duolingo news, insider Natalie Glance sold 3,360 shares of the business’s stock in a transaction on Monday, May 18th. The shares were sold at an average price of $113.59, for a total value of $381,662.40. Following the completion of the sale, the insider directly owned 173,401 shares of the company’s stock, valued at $19,696,619.59. The trade was a 1.90% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. 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. Also, General Counsel Stephen C. Chen sold 1,977 shares of the company’s stock in a transaction dated 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 owned 52,807 shares of the company’s stock, valued at approximately $5,999,403.27. The trade was a 3.61% 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. The sale was made to cover tax withholding obligations related to the vesting of equity awards. In the last 90 days, insiders have sold 9,506 shares of company stock valued at $1,073,864. Insiders own 16.62% of the company’s stock.

Duolingo 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.