Duolingo, Inc. (NASDAQ:DUOL) Shares Purchased by T. Rowe Price Investment Management Inc.

T. Rowe Price Investment Management Inc. lifted its position in shares of Duolingo, Inc. (NASDAQ:DUOL - Free Report) by 548.8% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 470,834 shares of the company's stock after acquiring an additional 398,259 shares during the period. T. Rowe Price Investment Management Inc. owned approximately 1.07% of Duolingo worth $152,659,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in DUOL. Kensington Investment Counsel LLC boosted its stake in shares of Duolingo by 0.5% during the 4th 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 last quarter. Atria Investments Inc increased its stake in shares of Duolingo by 3.9% in the fourth quarter. Atria Investments Inc now owns 1,029 shares of the company's stock worth $334,000 after purchasing an additional 39 shares in the last quarter. Lisanti Capital Growth LLC raised its position in shares of Duolingo by 0.3% during the 4th quarter. Lisanti Capital Growth LLC now owns 11,685 shares of the company's stock valued at $3,789,000 after purchasing an additional 40 shares during the period. Fifth Third Bancorp lifted its stake in shares of Duolingo by 19.3% during the 4th quarter. Fifth Third Bancorp now owns 260 shares of the company's stock valued at $84,000 after buying an additional 42 shares in the last quarter. Finally, Smithfield Trust Co increased its stake in Duolingo by 41.8% in the 4th quarter. Smithfield Trust Co now owns 156 shares of the company's stock worth $51,000 after buying an additional 46 shares in the last quarter. 91.59% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of research firms have recently weighed in on DUOL. Citizens Jmp raised Duolingo from a "market perform" rating to an "outperform" rating and set a $400.00 price objective for the company in a research note on Tuesday, March 18th. Morgan Stanley started coverage on shares of Duolingo in a report on Wednesday, April 23rd. They set an "overweight" rating and a $435.00 price objective for the company. Piper Sandler boosted their target price on shares of Duolingo from $351.00 to $390.00 and gave the stock an "overweight" rating in a report on Friday, February 28th. Needham & Company LLC lifted their price target on shares of Duolingo from $385.00 to $400.00 and gave the company a "buy" rating in a report on Friday, February 28th. Finally, Barclays raised their price objective on Duolingo from $295.00 to $330.00 and gave the company an "equal weight" rating in a research report on Friday, February 28th. Seven analysts have rated the stock with a hold rating, eight have issued a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $376.15.

Duolingo Stock Up 0.1 %

Shares of NASDAQ:DUOL traded up $0.37 during trading on Wednesday, reaching $385.50. The stock had a trading volume of 416,448 shares, compared to its average volume of 718,555. The firm's 50-day simple moving average is $324.01 and its 200 day simple moving average is $333.99. The company has a current ratio of 3.09, a quick ratio of 3.09 and a debt-to-equity ratio of 0.07. Duolingo, Inc. has a one year low of $145.05 and a one year high of $441.77. The company has a market capitalization of $17.44 billion, a P/E ratio of 210.66 and a beta of 0.91.

Duolingo (NASDAQ:DUOL - Get Free Report) last issued its quarterly earnings results on Thursday, February 27th. The company reported $0.31 earnings per share for the quarter, missing analysts' consensus estimates of $0.50 by ($0.19). The business had revenue of $209.55 million for the quarter, compared to analysts' expectations of $205.49 million. Duolingo had a return on equity of 11.74% and a net margin of 12.59%. As a group, research analysts expect that Duolingo, Inc. will post 2.03 EPS for the current fiscal year.

Insider Transactions at Duolingo

In related news, Director Gillian Munson sold 5,000 shares of Duolingo stock in a transaction dated Thursday, March 20th. The stock was sold at an average price of $310.00, for a total value of $1,550,000.00. Following the completion of the transaction, the director now owns 3,530 shares in the company, valued at $1,094,300. The trade was a 58.62 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Ahn Luis Von sold 8,000 shares of the business's stock in a transaction that occurred on Tuesday, February 18th. The shares were sold at an average price of $434.79, for a total value of $3,478,320.00. The disclosure for this sale can be found here. Insiders sold a total of 104,868 shares of company stock worth $35,574,300 over the last three months. 18.30% of the stock is currently owned by insiders.

Duolingo 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.