Duolingo, Inc. (NASDAQ:DUOL) Shares Sold by Sycomore Asset Management

Sycomore Asset Management lessened its stake in Duolingo, Inc. (NASDAQ:DUOL) by 26.4% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 36,660 shares of the company’s stock after selling 13,183 shares during the quarter. Duolingo comprises about 1.9% of Sycomore Asset Management’s holdings, making the stock its 14th largest holding. Sycomore Asset Management owned 0.09% of Duolingo worth $8,663,000 as of its most recent filing with the SEC.

A number of other institutional investors have also recently added to or reduced their stakes in the stock. FSC Wealth Advisors LLC purchased a new stake in shares of Duolingo in the 4th quarter valued at approximately $39,000. Bamco Inc. NY acquired a new position in Duolingo in the third quarter valued at approximately $39,000. Harvest Fund Management Co. Ltd purchased a new position in Duolingo in the fourth quarter worth approximately $92,000. Whittier Trust Co. acquired a new stake in Duolingo during the third quarter worth $157,000. Finally, Kercheville Advisors LLC purchased a new stake in Duolingo in the fourth quarter valued at $227,000. Hedge funds and other institutional investors own 91.59% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts have recently weighed in on DUOL shares. JPMorgan Chase & Co. started coverage on Duolingo in a report on Monday, March 11th. They set an “overweight” rating and a $270.00 price target for the company. Needham & Company LLC lifted their price target on shares of Duolingo from $210.00 to $241.00 and gave the company a “buy” rating in a research report on Thursday, February 29th. The Goldman Sachs Group upped their price objective on shares of Duolingo from $160.00 to $190.00 and gave the stock a “sell” rating in a report on Thursday, February 29th. UBS Group increased their price objective on shares of Duolingo from $230.00 to $275.00 and gave the stock a “buy” rating in a research report on Thursday, February 29th. Finally, Piper Sandler boosted their target price on Duolingo from $217.00 to $282.00 and gave the company an “overweight” rating in a research report on Thursday, February 29th. One analyst has rated the stock with a sell rating, five have assigned a hold rating and five have assigned a buy rating to the stock. Based on data from MarketBeat, Duolingo presently has a consensus rating of “Hold” and an average target price of $245.13.

Duolingo Stock Down 1.9 %

DUOL traded down $4.15 on Wednesday, hitting $216.38. 877,260 shares of the company were exchanged, compared to its average volume of 733,379. The firm has a 50-day moving average price of $211.51 and a two-hundred day moving average price of $202.57. The company has a current ratio of 3.24, a quick ratio of 3.24 and a debt-to-equity ratio of 0.03. Duolingo, Inc. has a twelve month low of $116.82 and a twelve month high of $245.87. The company has a market cap of $9.28 billion, a price-to-earnings ratio of 636.43 and a beta of 0.83.

Duolingo (NASDAQ:DUOL) last announced its quarterly earnings data on Wednesday, February 28th. The company reported $0.26 EPS for the quarter, topping analysts’ consensus estimates of $0.21 by $0.05. The business had revenue of $150.99 million during the quarter, compared to the consensus estimate of $146.98 million. Duolingo had a return on equity of 2.64% and a net margin of 3.03%. On average, equities analysts predict that Duolingo, Inc. will post 1.38 earnings per share for the current year.

Insider Buying and Selling at Duolingo

In other Duolingo news, insider Natalie Glance sold 1,500 shares of Duolingo stock in a transaction dated Tuesday, February 6th. The stock was sold at an average price of $180.07, for a total transaction of $270,105.00. Following the completion of the sale, the insider now directly owns 129,188 shares of the company’s stock, valued at approximately $23,262,883.16. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In related news, CEO Ahn Luis Von sold 12,000 shares of the business’s stock in a transaction on Monday, April 1st. The shares were sold at an average price of $218.40, for a total value of $2,620,800.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Natalie Glance sold 1,500 shares of the firm’s stock in a transaction dated Tuesday, February 6th. The stock was sold at an average price of $180.07, for a total value of $270,105.00. Following the transaction, the insider now directly owns 129,188 shares in the company, valued at approximately $23,262,883.16. The disclosure for this sale can be found here. In the last three months, insiders have sold 113,223 shares of company stock valued at $23,682,665. Insiders own 19.85% of the company’s stock.

Duolingo 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.