4,593 Shares in Duolingo, Inc. (NASDAQ:DUOL) Bought by Twin Capital Management Inc.

Twin Capital Management Inc. acquired a new position in shares of Duolingo, Inc. (NASDAQ:DUOL - Free Report) in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 4,593 shares of the company's stock, valued at approximately $1,426,000.

Other hedge funds and other institutional investors have also modified their holdings of the company. Congress Asset Management Co. purchased a new stake in shares of Duolingo during the first quarter worth $15,430,000. SBI Securities Co. Ltd. raised its holdings in Duolingo by 41.1% during the first quarter. SBI Securities Co. Ltd. now owns 4,158 shares of the company's stock valued at $1,291,000 after buying an additional 1,211 shares in the last quarter. Catalyst Capital Advisors LLC raised its holdings in Duolingo by 12.6% during the first quarter. Catalyst Capital Advisors LLC now owns 6,925 shares of the company's stock valued at $2,150,000 after buying an additional 775 shares in the last quarter. BNP Paribas Financial Markets bought a new position in Duolingo during the fourth quarter valued at about $9,708,000. Finally, Janney Montgomery Scott LLC bought a new position in Duolingo during the first quarter valued at about $282,000. 91.59% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several research firms have weighed in on DUOL. Scotiabank raised their target price on Duolingo from $405.00 to $470.00 and gave the company a "sector outperform" rating in a report on Friday, May 2nd. Piper Sandler set a $375.00 target price on Duolingo in a report on Friday, May 2nd. Needham & Company LLC raised their target price on Duolingo from $400.00 to $460.00 and gave the company a "buy" rating in a report on Friday, May 2nd. JPMorgan Chase & Co. cut their target price on Duolingo from $580.00 to $500.00 and set an "overweight" rating on the stock in a report on Thursday. Finally, Barclays raised their price target on Duolingo from $330.00 to $375.00 and gave the company an "equal weight" rating in a research report on Friday, May 2nd. Six investment analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus price target of $435.87.

Duolingo Price Performance

DUOL stock opened at $370.49 on Monday. The stock has a 50-day moving average price of $461.96 and a two-hundred day moving average price of $390.41. The stock has a market cap of $16.84 billion, a PE ratio of 182.51, a price-to-earnings-growth ratio of 2.85 and a beta of 0.89. The company has a current ratio of 2.68, a quick ratio of 2.68 and a debt-to-equity ratio of 0.06. Duolingo, Inc. has a 1 year low of $145.05 and a 1 year high of $544.93.

Duolingo (NASDAQ:DUOL - Get Free Report) last posted its quarterly earnings data on Thursday, May 1st. The company reported $0.72 EPS for the quarter, topping analysts' consensus estimates of $0.52 by $0.20. Duolingo had a net margin of 11.93% and a return on equity of 11.70%. The company had revenue of $230.74 million during the quarter, compared to the consensus estimate of $223.15 million. Duolingo's quarterly revenue was up 37.6% on a year-over-year basis. Equities analysts forecast that Duolingo, Inc. will post 2.03 EPS for the current fiscal year.

Insider Activity at Duolingo

In other news, insider Robert Meese sold 5,000 shares of the firm's stock in a transaction that occurred on Tuesday, April 29th. The shares were sold at an average price of $395.00, for a total transaction of $1,975,000.00. Following the transaction, the insider directly owned 118,805 shares of the company's stock, valued at approximately $46,927,975. This trade represents a 4.04% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Severin Hacker sold 10,000 shares of the firm's stock in a transaction that occurred on Monday, July 7th. The stock was sold at an average price of $392.89, for a total transaction of $3,928,900.00. Following the transaction, the insider directly owned 72 shares in the company, valued at $28,288.08. This represents a 99.29% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 55,000 shares of company stock valued at $24,502,900 over the last 90 days. Company insiders own 18.30% of the company's stock.

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.

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