Rockefeller Capital Management L.P. Sells 4,951 Shares of Duolingo, Inc. $DUOL

Rockefeller Capital Management L.P. lowered its stake in shares of Duolingo, Inc. (NASDAQ:DUOL) by 40.4% in the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm owned 7,310 shares of the company’s stock after selling 4,951 shares during the quarter. Rockefeller Capital Management L.P.’s holdings in Duolingo were worth $1,283,000 as of its most recent SEC filing.

Other hedge funds have also added to or reduced their stakes in the company. Osbon Capital Management LLC bought a new position in shares of Duolingo during the 4th quarter valued at approximately $84,000. Caitong International Asset Management Co. Ltd bought a new stake in shares of Duolingo in the 4th quarter worth approximately $73,000. Virtu Financial LLC purchased a new position in Duolingo in the fourth quarter valued at approximately $4,282,000. Alpine Woods Capital Investors LLC purchased a new position in Duolingo in the fourth quarter valued at approximately $333,000. Finally, Vident Advisory LLC grew its holdings in Duolingo by 5.8% during the fourth quarter. Vident Advisory LLC now owns 2,647 shares of the company’s stock valued at $465,000 after purchasing an additional 145 shares during the period. Institutional investors own 91.59% of the company’s stock.

Duolingo Price Performance

Shares of NASDAQ DUOL opened at $121.21 on Thursday. The stock has a market cap of $5.65 billion, a PE ratio of 13.95, a price-to-earnings-growth ratio of 0.89 and a beta of 0.88. Duolingo, Inc. has a fifty-two week low of $87.89 and a fifty-two week high of $468.00. The company has a debt-to-equity ratio of 0.07, a quick ratio of 2.62 and a current ratio of 2.62. The stock has a fifty day moving average of $113.32 and a 200-day moving average of $123.50.

Duolingo (NASDAQ:DUOL) last released its quarterly earnings data on Monday, May 4th. The company reported $0.89 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.79 by $0.10. The company had revenue of $291.97 million for the quarter, compared to analyst estimates of $288.60 million. Duolingo had a return on equity of 14.07% and a net margin of 38.44%.The firm’s revenue for the quarter was up 26.5% compared to the same quarter last year. During the same period in the previous year, the company posted $0.72 EPS. Equities research analysts anticipate that Duolingo, Inc. will post 2.76 earnings per share for the current year.

Insider Buying and Selling at Duolingo

In other news, General Counsel Stephen C. Chen sold 1,977 shares of the company’s stock in a transaction dated Monday, May 18th. The stock was sold at an average price of $113.61, for a total transaction of $224,606.97. Following the sale, the general counsel directly owned 52,807 shares in the company, valued at $5,999,403.27. This represents a 3.61% decrease in their ownership of the stock. The sale was disclosed in a 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, insider Natalie Glance sold 3,360 shares of the stock in a transaction dated Monday, May 18th. The stock was sold at an average price of $113.59, for a total transaction of $381,662.40. Following the completion of the sale, the insider directly owned 173,401 shares in the company, valued at approximately $19,696,619.59. The trade was a 1.90% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. 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 valued at $1,073,864 in the last quarter. 16.62% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

Several brokerages have issued reports on DUOL. JPMorgan Chase & Co. boosted their target price on Duolingo from $92.00 to $94.00 and gave the company a “neutral” rating in a research note on Tuesday, May 5th. Evercore set a $97.00 price target on Duolingo in a research note on Tuesday, May 5th. Argus restated a “hold” rating on shares of Duolingo in a research note on Wednesday, March 18th. KeyCorp reaffirmed a “sector weight” rating on shares of Duolingo in a report on Thursday, June 4th. Finally, Zacks Research upgraded shares of Duolingo from a “strong sell” rating to a “hold” rating in a research report on Tuesday, April 28th. Two investment analysts have rated the stock with a Buy rating, nineteen have given a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the company has an average rating of “Hold” and an average price target of $175.41.

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.