6,284 Shares in Duolingo, Inc. $DUOL Purchased by Dynamic Technology Lab Private Ltd

Dynamic Technology Lab Private Ltd acquired a new position in shares of Duolingo, Inc. (NASDAQ:DUOL) during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 6,284 shares of the company’s stock, valued at approximately $1,103,000.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. KERR FINANCIAL PLANNING Corp acquired a new stake in Duolingo during the third quarter worth about $47,000. Globeflex Capital L P acquired a new stake in shares of Duolingo in the second quarter valued at approximately $77,000. AlphaCentric Advisors LLC acquired a new stake in shares of Duolingo in the fourth quarter valued at approximately $33,000. Huntington National Bank increased its stake in shares of 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 purchasing an additional 104 shares during the period. Finally, Banque Cantonale Vaudoise acquired a new stake in shares of Duolingo in the third quarter valued at approximately $70,000. Institutional investors and hedge funds own 91.59% of the company’s stock.

Insider Activity at Duolingo

In related news, insider Natalie Glance sold 3,360 shares of the firm’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 transaction, the insider owned 173,401 shares in the company, valued at $19,696,619.59. This trade represents a 1.90% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 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 firm’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 transaction of $224,606.97. Following the transaction, the general counsel owned 52,807 shares in the company, valued at $5,999,403.27. This represents a 3.61% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. 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 9,506 shares of company stock worth $1,073,864 over the last quarter. 16.62% of the stock is currently owned by company insiders.

Duolingo Price Performance

NASDAQ DUOL opened at $122.63 on Friday. Duolingo, Inc. has a 12 month low of $87.89 and a 12 month high of $489.00. The company has a debt-to-equity ratio of 0.07, a current ratio of 2.62 and a quick ratio of 2.62. The firm has a market capitalization of $5.71 billion, a PE ratio of 14.11, a P/E/G ratio of 0.94 and a beta of 0.89. The company’s 50 day simple moving average is $106.08 and its 200 day simple moving average is $130.04.

Duolingo (NASDAQ:DUOL) last posted its quarterly earnings data on Monday, May 4th. The company reported $0.89 EPS for the quarter, beating 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 business had revenue of $291.97 million for the quarter, compared to analyst estimates of $288.60 million. During the same quarter last year, the business earned $0.72 earnings per share. The business’s revenue for the quarter was up 26.5% on a year-over-year basis. As a group, equities research analysts forecast that Duolingo, Inc. will post 2.84 EPS for the current fiscal year.

Analyst Ratings Changes

DUOL has been the topic of several analyst reports. Evercore set a $97.00 price target on shares of Duolingo in a research note on Tuesday, May 5th. DA Davidson raised their price target on shares of Duolingo from $90.00 to $120.00 and gave the company a “neutral” rating in a research note on Tuesday. KeyCorp restated a “sector weight” rating on shares of Duolingo in a research note on Thursday, June 4th. Scotiabank restated a “sector perform” rating and issued a $100.00 price target (down from $300.00) on shares of Duolingo in a research note on Friday, February 27th. Finally, Bank of America restated a “neutral” rating and issued a $100.00 price target on shares of Duolingo in a research note on Friday, February 27th. Three equities research analysts have rated the stock with a Buy rating, seventeen have assigned a Hold rating and two have assigned a Sell rating to the stock. According to MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $197.61.

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.