Duolingo, Inc. $DUOL Shares Sold by Intech Investment Management LLC

Intech Investment Management LLC reduced its stake in shares of Duolingo, Inc. (NASDAQ:DUOL) by 72.0% during the 4th quarter, HoldingsChannel reports. The firm owned 13,711 shares of the company’s stock after selling 35,215 shares during the quarter. Intech Investment Management LLC’s holdings in Duolingo were worth $2,406,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also made changes to their positions in the company. Atlantic Union Bankshares Corp acquired a new position in shares of Duolingo during the 3rd quarter worth approximately $32,000. KERR FINANCIAL PLANNING Corp acquired a new position in Duolingo in the third quarter valued at approximately $47,000. Cornerstone Planning Group LLC lifted its holdings in Duolingo by 8,900.0% in the third quarter. Cornerstone Planning Group LLC now owns 180 shares of the company’s stock valued at $58,000 after acquiring an additional 178 shares during the last quarter. Generali Investments Towarzystwo Funduszy Inwestycyjnych lifted its holdings in Duolingo by 59.1% in the fourth quarter. Generali Investments Towarzystwo Funduszy Inwestycyjnych now owns 350 shares of the company’s stock valued at $61,000 after acquiring an additional 130 shares during the last quarter. Finally, Huntington National Bank lifted its holdings in Duolingo by 103.0% in the third quarter. Huntington National Bank now owns 205 shares of the company’s stock valued at $66,000 after acquiring an additional 104 shares during the last quarter. 91.59% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of research firms recently commented on DUOL. Morgan Stanley decreased their price objective on Duolingo from $100.00 to $95.00 and set an “equal weight” rating on the stock in a report on Tuesday, May 5th. Truist Financial cut Duolingo from a “buy” rating to a “hold” rating and set a $100.00 price objective on the stock. in a report on Friday, February 27th. Weiss Ratings cut Duolingo from a “hold (c-)” rating to a “sell (d+)” rating in a report on Wednesday, April 22nd. JPMorgan Chase & Co. upped their price objective on Duolingo from $92.00 to $94.00 and gave the company a “neutral” rating in a report on Tuesday, May 5th. Finally, Barclays decreased their price objective on Duolingo from $230.00 to $110.00 and set an “equal weight” rating on the stock in a report on Monday, March 2nd. Three analysts have rated the stock with a Buy rating, seventeen have assigned a Hold rating and two have issued a Sell rating to the stock. According to data from MarketBeat, the stock has an average rating of “Hold” and an average target price of $195.94.

Duolingo Stock Down 2.3%

Shares of NASDAQ DUOL opened at $107.40 on Thursday. The firm has a market cap of $5.00 billion, a price-to-earnings ratio of 12.36, a PEG ratio of 0.83 and a beta of 0.89. The company has a quick ratio of 2.62, a current ratio of 2.62 and a debt-to-equity ratio of 0.07. Duolingo, Inc. has a 52-week low of $87.89 and a 52-week high of $540.30. The business’s 50 day moving average is $103.22 and its two-hundred day moving average is $132.59.

Duolingo (NASDAQ:DUOL) last announced its earnings results on Monday, May 4th. The company reported $0.89 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.79 by $0.10. The company had revenue of $291.97 million for the quarter, compared to analyst estimates of $288.60 million. Duolingo had a return on equity of 14.07% and a net margin of 38.44%.The firm’s quarterly revenue was up 26.5% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.72 earnings per share. Research analysts predict that Duolingo, Inc. will post 2.84 EPS for the current year.

Insider Buying and Selling at Duolingo

In other Duolingo news, insider Natalie Glance sold 3,360 shares of the business’s stock in a transaction that occurred on Monday, May 18th. The stock was sold at an average price of $113.59, for a total value of $381,662.40. Following the sale, the insider 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 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 business’s stock in a transaction that occurred on Monday, May 18th. The shares were sold at an average price of $113.61, for a total value of $224,606.97. Following the completion of the sale, the general counsel directly owned 52,807 shares in the company, valued at approximately $5,999,403.27. The trade was a 3.61% decrease in their position. The SEC filing for this sale provides additional information. 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 have sold a total of 9,506 shares of company stock valued at $1,073,864 over the last quarter. 16.62% of the stock is owned by company insiders.

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.