Duolingo, Inc. (NASDAQ:DUOL) Shares Sold by Dragoneer Investment Group LLC

Dragoneer Investment Group LLC decreased its position in Duolingo, Inc. (NASDAQ:DUOL - Free Report) by 30.9% during the 4th quarter, according to its most recent filing with the SEC. The institutional investor owned 1,063,920 shares of the company's stock after selling 475,028 shares during the period. Duolingo comprises 6.0% of Dragoneer Investment Group LLC's portfolio, making the stock its 8th biggest position. Dragoneer Investment Group LLC owned about 2.42% of Duolingo worth $344,955,000 at the end of the most recent reporting period.

Other institutional investors have also recently bought and sold shares of the company. Quarry LP increased its holdings in shares of Duolingo by 250.0% during the 4th quarter. Quarry LP now owns 91 shares of the company's stock worth $30,000 after acquiring an additional 65 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. acquired a new position in shares of Duolingo during the 4th quarter worth approximately $31,000. Harvest Fund Management Co. Ltd increased its holdings in shares of Duolingo by 5,050.0% during the 4th quarter. Harvest Fund Management Co. Ltd now owns 103 shares of the company's stock worth $33,000 after acquiring an additional 101 shares during the last quarter. Global Retirement Partners LLC increased its holdings in shares of Duolingo by 1,255.6% during the 4th quarter. Global Retirement Partners LLC now owns 122 shares of the company's stock worth $40,000 after acquiring an additional 113 shares during the last quarter. Finally, Smithfield Trust Co increased its holdings in shares of Duolingo by 41.8% during the 4th quarter. Smithfield Trust Co now owns 156 shares of the company's stock worth $51,000 after acquiring an additional 46 shares during the last quarter. Institutional investors own 91.59% of the company's stock.

Insider Buying and Selling at Duolingo

In other news, insider Severin Hacker sold 10,000 shares of the stock in a transaction dated Monday, May 5th. The stock was sold at an average price of $495.95, for a total value of $4,959,500.00. Following the completion of the sale, the insider now owns 72 shares of the company's stock, valued at approximately $35,708.40. This represents a 99.29% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, insider Natalie Glance sold 9,020 shares of the stock in a transaction dated Wednesday, March 5th. The shares were sold at an average price of $290.59, for a total value of $2,621,121.80. Following the completion of the sale, the insider now directly owns 130,733 shares of the company's stock, valued at approximately $37,989,702.47. The trade was a 6.45% decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders sold 109,868 shares of company stock worth $38,594,200. 15.67% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

A number of brokerages have commented on DUOL. Barclays upped their price objective on Duolingo from $330.00 to $375.00 and gave the company an "equal weight" rating in a report on Friday, May 2nd. DA Davidson upped their price objective on Duolingo from $410.00 to $470.00 and gave the company a "buy" rating in a report on Friday, May 2nd. JPMorgan Chase & Co. upped their price objective on Duolingo from $360.00 to $500.00 and gave the company an "overweight" rating in a report on Friday, May 2nd. Piper Sandler set a $375.00 price objective on Duolingo in a report on Friday, May 2nd. Finally, Jefferies Financial Group began coverage on Duolingo in a report on Friday, January 24th. They issued a "hold" rating and a $370.00 price objective on the stock. Seven research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company's stock. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and a consensus price target of $426.29.

Duolingo Price Performance

Shares of DUOL stock traded up $4.60 on Monday, hitting $517.35. 418,484 shares of the company's stock were exchanged, compared to its average volume of 722,499. The company has a debt-to-equity ratio of 0.07, a current ratio of 3.09 and a quick ratio of 3.09. The stock has a market cap of $23.52 billion, a P/E ratio of 283.25 and a beta of 0.88. Duolingo, Inc. has a 12 month low of $145.05 and a 12 month high of $556.33. The company has a 50 day moving average of $342.98 and a 200 day moving average of $344.74.

Duolingo (NASDAQ:DUOL - Get Free Report) last posted 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. The firm had revenue of $230.74 million during the quarter, compared to the consensus estimate of $223.15 million. Duolingo had a return on equity of 11.74% and a net margin of 12.59%. Duolingo'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 EPS for the current year.

About Duolingo

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.