Duolingo, Inc. $DUOL Shares Sold by Maxi Investments CY Ltd

Maxi Investments CY Ltd lowered its position in shares of Duolingo, Inc. (NASDAQ:DUOL) by 25.2% during the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 22,000 shares of the company’s stock after selling 7,400 shares during the quarter. Maxi Investments CY Ltd’s holdings in Duolingo were worth $3,133,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of the company. Citizens Financial Group Inc. RI grew its position in shares of Duolingo by 111.5% in the 3rd quarter. Citizens Financial Group Inc. RI now owns 4,173 shares of the company’s stock worth $594,000 after acquiring an additional 2,200 shares in the last quarter. Fifth Third Wealth Advisors LLC increased its holdings in shares of Duolingo by 19.8% in the 3rd quarter. Fifth Third Wealth Advisors LLC now owns 2,108 shares of the company’s stock valued at $300,000 after acquiring an additional 349 shares during the last quarter. Investment House LLC raised its position in shares of Duolingo by 49.7% during the 3rd quarter. Investment House LLC now owns 25,975 shares of the company’s stock valued at $3,699,000 after acquiring an additional 8,624 shares in the last quarter. Crossmark Global Holdings Inc. raised its position in shares of Duolingo by 8.3% during the 3rd quarter. Crossmark Global Holdings Inc. now owns 2,933 shares of the company’s stock valued at $418,000 after acquiring an additional 224 shares in the last quarter. Finally, Blue Jean Financial LLC acquired a new stake in shares of Duolingo during the 3rd quarter valued at approximately $2,989,000. Institutional investors and hedge funds own 91.59% of the company’s stock.

Key Headlines Impacting Duolingo

Here are the key news stories impacting Duolingo this week:

• Positive Sentiment: A bullish analysis argues that Duolingo’s decision to reduce monetization friction could restore user growth. Daily active-user growth reportedly improved to 23% in the first half of 2026, and management is targeting 100 million daily active users by 2028. The strategy could support longer-term bookings and revenue growth if the larger user base eventually monetizes more effectively. Duolingo: The 2027 Bull Case Is Hidden In The Monetization Switch
• Neutral Sentiment: Reported short interest was listed at zero shares, implying no measurable short-selling pressure. However, the figure appears inconsistent with the reported trading data and may reflect a data-quality or reporting issue rather than a meaningful change in investor positioning.
• Negative Sentiment: Several law firms publicized a securities class action involving investors who purchased Duolingo shares from May 2, 2025, through February 26, 2026. The complaints allege that the company failed to disclose material information related to its monetization and growth strategies. Investors have until December 7, 2026, to seek lead-plaintiff status. The allegations have not been proven, but the repeated notices add legal and reputational overhang to the stock. Duolingo Securities Fraud Class Action Deadline Alert
• Negative Sentiment: The growth reset involves accepting more than $50 million in expected 2026 bookings and declining advertising and in-app-purchase revenue in exchange for faster user acquisition. That tradeoff may pressure near-term financial results and helps explain investor caution. Duolingo Stock Dips While Market Gains

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on DUOL shares. Bank of America cut Duolingo from a “neutral” rating to an “underperform” rating and reduced their price objective for the stock from $103.00 to $93.00 in a research note on Tuesday, August 4th. Jefferies Financial Group boosted their target price on shares of Duolingo from $95.00 to $125.00 and gave the company a “hold” rating in a research note on Tuesday, July 14th. Barclays increased their target price on shares of Duolingo from $110.00 to $115.00 and gave the stock an “equal weight” rating in a report on Thursday, August 6th. Morgan Stanley reissued a “neutral” rating and set a $140.00 target price on shares of Duolingo in a report on Friday, October 9th. Finally, Susquehanna started coverage on shares of Duolingo in a research report on Tuesday, August 18th. They issued a “positive” rating on the stock. One equities research analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating, fourteen have assigned a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $127.19.

Duolingo Stock Down 3.1%

NASDAQ:DUOL opened at $138.60 on Tuesday. The firm has a market capitalization of $6.49 billion, a PE ratio of 16.42, a price-to-earnings-growth ratio of 1.17 and a beta of 1.05. The stock has a 50 day moving average of $145.61 and a 200-day moving average of $125.11. Duolingo, Inc. has a 52 week low of $87.89 and a 52 week high of $318.84. The company has a current ratio of 2.72, a quick ratio of 2.72 and a debt-to-equity ratio of 0.06.

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

Insider Buying and Selling at Duolingo

In other Duolingo news, CEO Luis van Ahn sold 110,046 shares of the stock in a transaction on Wednesday, October 7th. The stock was sold at an average price of $151.70, for a total value of $16,693,978.20. Following the sale, the chief executive officer directly owned 110,046 shares of the company’s stock, valued at $16,693,978.20. This trade represents a 50.00% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Robert Meese sold 1,354 shares of the firm’s stock in a transaction 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 completion of the sale, the insider owned 169,391 shares in the company, valued at $21,873,459.83. The trade was a 0.79% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Over the last ninety days, insiders have sold 250,740 shares of company stock worth $37,685,893. 16.62% of the stock is owned by company insiders.

Duolingo Company Profile

Duolingo, Inc develops technology-based learning products designed to make education accessible and engaging. Its flagship Duolingo mobile and web platform offers gamified courses in languages including Spanish, English, French, German and Japanese, among others. Lessons incorporate interactive exercises, personalized practice and achievement-based features intended to support regular learning.

The company also operates the Duolingo English Test, an online English-proficiency assessment that can be taken remotely and is accepted by educational institutions and other organizations.