Duolingo, Inc. $DUOL Shares Sold by Dragoneer Investment Group LLC

Dragoneer Investment Group LLC cut its stake in shares of Duolingo, Inc. (NASDAQ:DUOL) by 26.6% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 1,159,887 shares of the company’s stock after selling 420,900 shares during the period. Duolingo makes up 4.4% of Dragoneer Investment Group LLC’s holdings, making the stock its 11th biggest holding. Dragoneer Investment Group LLC’s holdings in Duolingo were worth $203,560,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also made changes to their positions in the company. AlphaCentric Advisors LLC acquired a new stake in shares of Duolingo during the fourth quarter valued at about $33,000. Caitong International Asset Management Co. Ltd acquired a new stake in shares of Duolingo during the fourth quarter valued at about $43,000. KERR FINANCIAL PLANNING Corp acquired a new stake in shares of Duolingo during the third quarter valued at about $47,000. Advisors Asset Management Inc. increased its position in shares of Duolingo by 152.5% during the fourth quarter. Advisors Asset Management Inc. now owns 298 shares of the company’s stock valued at $52,000 after acquiring an additional 180 shares during the last quarter. Finally, Generali Investments Towarzystwo Funduszy Inwestycyjnych increased its position in shares of Duolingo by 59.1% during 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. 91.59% of the stock is currently owned by institutional investors and hedge funds.

Duolingo Price Performance

Shares of DUOL opened at $128.07 on Wednesday. Duolingo, Inc. has a fifty-two week low of $87.89 and a fifty-two week high of $483.03. The firm’s 50 day moving average price is $107.33 and its 200 day moving average price is $128.98. The company has a market cap of $5.97 billion, a P/E ratio of 14.74, a PEG ratio of 0.96 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 (NASDAQ:DUOL) last announced its earnings results on Monday, May 4th. The company reported $0.89 earnings per share for the quarter, topping the consensus estimate 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 for the quarter, compared to the consensus estimate of $288.60 million. During the same period in the prior year, the firm earned $0.72 EPS. The firm’s revenue for the quarter was up 26.5% on a year-over-year basis. On average, research analysts forecast that Duolingo, Inc. will post 2.84 earnings per share for the current fiscal year.

Insiders Place Their Bets

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 shares were sold at an average price of $113.59, for a total transaction of $381,662.40. Following the completion of the transaction, the insider owned 173,401 shares in the company, valued at $19,696,619.59. The trade was a 1.90% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at 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 stock was sold at an average price of $113.61, for a total transaction of $224,606.97. Following the transaction, the general counsel 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. 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. Insiders sold 9,506 shares of company stock worth $1,073,864 in the last 90 days. Corporate insiders own 16.62% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts have weighed in on the stock. Zacks Research upgraded shares of Duolingo from a “strong sell” rating to a “hold” rating in a research report on Tuesday, April 28th. Needham & Company LLC restated a “buy” rating and issued a $145.00 price objective on shares of Duolingo in a report on Tuesday, May 5th. Barclays cut their target price on shares of Duolingo from $230.00 to $110.00 and set an “equal weight” rating on the stock in a research note on Monday, March 2nd. Bank of America reaffirmed a “neutral” rating and set a $100.00 target price on shares of Duolingo in a research note on Friday, February 27th. Finally, Truist Financial downgraded shares of Duolingo from a “buy” rating to a “hold” rating and set a $100.00 target price on the stock. in a research note on Friday, February 27th. Three research analysts have rated the stock with a Buy rating, seventeen have given a Hold rating and two have issued a Sell rating to the stock. According to data from MarketBeat.com, Duolingo presently has a consensus rating of “Hold” and a consensus price target of $197.61.

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.