Prudential PLC Purchases Shares of 8,834 Duolingo, Inc. $DUOL

Prudential PLC bought a new position in shares of Duolingo, Inc. (NASDAQ:DUOL) in the fourth quarter, HoldingsChannel reports. The firm bought 8,834 shares of the company’s stock, valued at approximately $1,550,000.

A number of other institutional investors also recently modified their holdings of the company. Sivia Capital Partners LLC purchased a new stake in shares of Duolingo during the fourth quarter worth about $318,000. CIBC Asset Management Inc boosted its holdings in shares of Duolingo by 16.4% during the fourth quarter. CIBC Asset Management Inc now owns 1,330 shares of the company’s stock worth $233,000 after purchasing an additional 187 shares during the period. AXQ Capital LP boosted its holdings in shares of Duolingo by 665.4% during the fourth quarter. AXQ Capital LP now owns 15,140 shares of the company’s stock worth $2,657,000 after purchasing an additional 13,162 shares during the period. Lingotto Investment Management LLP boosted its holdings in shares of Duolingo by 34.3% during the fourth quarter. Lingotto Investment Management LLP now owns 33,563 shares of the company’s stock worth $5,890,000 after purchasing an additional 8,563 shares during the period. Finally, Triodos Investment Management BV boosted its holdings in shares of Duolingo by 63.0% during the fourth quarter. Triodos Investment Management BV now owns 11,000 shares of the company’s stock worth $1,949,000 after purchasing an additional 4,250 shares during the period. 91.59% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In related news, insider Natalie Glance sold 3,360 shares of the stock in a transaction dated 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 transaction, the insider directly owned 173,401 shares of the company’s stock, valued at $19,696,619.59. This represents a 1.90% decrease in their ownership of the stock. The transaction 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. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, insider Robert Meese sold 1,420 shares of the stock in a transaction dated Friday, May 15th. The stock was sold at an average price of $112.16, for a total transaction of $159,267.20. Following the completion of the transaction, the insider directly owned 170,745 shares of the company’s stock, valued at approximately $19,150,759.20. The trade was a 0.82% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders sold a total of 9,506 shares of company stock valued at $1,073,864 over the last three months. Corporate insiders own 16.62% of the company’s stock.

Wall Street Analysts Forecast Growth

DUOL has been the subject of a number of analyst reports. KeyCorp reiterated a “sector weight” rating on shares of Duolingo in a report on Thursday. Evercore set a $97.00 target price on shares of Duolingo in a report on Tuesday, May 5th. DA Davidson increased their target price on shares of Duolingo from $85.00 to $90.00 and gave the stock a “neutral” rating in a report on Tuesday, May 5th. Morgan Stanley dropped their target price on shares of Duolingo from $100.00 to $95.00 and set an “equal weight” rating for the company in a report on Tuesday, May 5th. Finally, Weiss Ratings lowered shares of Duolingo from a “hold (c-)” rating to a “sell (d+)” rating in a report on Wednesday, April 22nd. Three investment analysts have rated the stock with a Buy rating, seventeen have assigned a Hold rating and two have issued a Sell rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Hold” and a consensus target price of $195.94.

Duolingo Price Performance

DUOL stock opened at $109.03 on Monday. Duolingo, Inc. has a 1 year low of $87.89 and a 1 year high of $540.30. The company has a market cap of $5.08 billion, a P/E ratio of 12.55, a PEG ratio of 0.69 and a beta of 0.89. The firm has a 50-day moving average of $103.65 and a 200 day moving average of $131.57. 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 (NASDAQ:DUOL) last released its quarterly earnings results on Monday, May 4th. The company reported $0.89 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.79 by $0.10. Duolingo had a net margin of 38.44% and a return on equity of 14.07%. The company had revenue of $291.97 million during the quarter, compared to the consensus estimate of $288.60 million. During the same period in the prior year, the firm earned $0.72 earnings per share. Duolingo’s revenue was up 26.5% on a year-over-year basis. On average, sell-side analysts forecast that Duolingo, Inc. will post 3.39 EPS for the current year.

About Duolingo

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.