36,560 Shares in Duolingo, Inc. (NASDAQ:DUOL) Purchased by Square Peg Capital PTY Ltd.

Square Peg Capital PTY Ltd. purchased a new stake in Duolingo, Inc. (NASDAQ:DUOL - Free Report) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm purchased 36,560 shares of the company's stock, valued at approximately $11,854,000. Duolingo accounts for about 10.9% of Square Peg Capital PTY Ltd.'s investment portfolio, making the stock its 5th biggest holding. Square Peg Capital PTY Ltd. owned approximately 0.08% of Duolingo as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of DUOL. Kensington Investment Counsel LLC increased its position in Duolingo by 0.5% during the fourth quarter. Kensington Investment Counsel LLC now owns 5,633 shares of the company's stock worth $1,826,000 after acquiring an additional 30 shares during the period. Lido Advisors LLC increased its position in Duolingo by 0.3% during the fourth quarter. Lido Advisors LLC now owns 10,104 shares of the company's stock worth $3,276,000 after acquiring an additional 30 shares during the period. Atria Investments Inc increased its position in Duolingo by 3.9% during the fourth quarter. Atria Investments Inc now owns 1,029 shares of the company's stock worth $334,000 after acquiring an additional 39 shares during the period. Lisanti Capital Growth LLC increased its position in Duolingo by 0.3% during the fourth quarter. Lisanti Capital Growth LLC now owns 11,685 shares of the company's stock worth $3,789,000 after acquiring an additional 40 shares during the period. Finally, Fifth Third Bancorp increased its position in Duolingo by 19.3% during the fourth quarter. Fifth Third Bancorp now owns 260 shares of the company's stock worth $84,000 after acquiring an additional 42 shares during the period. Institutional investors own 91.59% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities analysts recently issued reports on DUOL shares. Piper Sandler set a $375.00 target price on shares of Duolingo in a research report on Friday, May 2nd. DA Davidson boosted their price target on shares of Duolingo from $410.00 to $470.00 and gave the company a "buy" rating in a report on Friday, May 2nd. The Goldman Sachs Group boosted their price target on shares of Duolingo from $340.00 to $403.00 and gave the company a "neutral" rating in a report on Monday, May 5th. Jefferies Financial Group assumed coverage on shares of Duolingo in a report on Friday, January 24th. They issued a "hold" rating and a $370.00 price target on the stock. Finally, Needham & Company LLC boosted their price target on shares of Duolingo from $400.00 to $460.00 and gave the company a "buy" rating in a report on Friday, May 2nd. Seven analysts have rated the stock with a hold rating and nine have given a buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average price target of $426.29.

Duolingo Price Performance

Shares of NASDAQ:DUOL traded down $8.82 on Monday, hitting $520.23. The stock had a trading volume of 733,263 shares, compared to its average volume of 716,532. Duolingo, Inc. has a twelve month low of $145.05 and a twelve month high of $544.93. The company has a debt-to-equity ratio of 0.07, a quick ratio of 3.09 and a current ratio of 3.09. The firm's 50 day moving average price is $367.70 and its 200-day moving average price is $352.99. The company has a market capitalization of $23.65 billion, a price-to-earnings ratio of 284.28 and a beta of 0.88.

Duolingo (NASDAQ:DUOL - Get Free Report) last issued its earnings results on Thursday, May 1st. The company reported $0.72 EPS for the quarter, beating the consensus estimate of $0.52 by $0.20. Duolingo had a net margin of 12.59% and a return on equity of 11.74%. The company had revenue of $230.74 million for the quarter, compared to the consensus estimate of $223.15 million. The company's quarterly revenue was up 37.6% compared to the same quarter last year. On average, equities research analysts predict that Duolingo, Inc. will post 2.03 earnings per share for the current year.

Insider Activity

In related news, General Counsel Stephen C. Chen sold 2,064 shares of the company's stock in a transaction dated Tuesday, February 18th. The shares were sold at an average price of $435.12, for a total transaction of $898,087.68. Following the transaction, the general counsel now owns 34,634 shares in the company, valued at $15,069,946.08. This represents a 5.62% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Natalie Glance sold 2,667 shares of the company's stock in a transaction dated Tuesday, February 18th. The stock was sold at an average price of $435.28, for a total transaction of $1,160,891.76. Following the transaction, the insider now owns 129,572 shares in the company, valued at approximately $56,400,100.16. This trade represents a 2.02% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 109,868 shares of company stock worth $38,594,200. Corporate insiders own 15.67% of the company's stock.

Duolingo Company 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.