Congress Asset Management Co. Invests $15.43 Million in Duolingo, Inc. (NASDAQ:DUOL)

Congress Asset Management Co. bought a new stake in Duolingo, Inc. (NASDAQ:DUOL - Free Report) in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 49,687 shares of the company's stock, valued at approximately $15,430,000. Congress Asset Management Co. owned approximately 0.11% of Duolingo as of its most recent SEC filing.

Other institutional investors and hedge funds also recently modified their holdings of the company. Contravisory Investment Management Inc. bought a new position in Duolingo in the 1st quarter valued at $25,000. Quarry LP boosted its stake in Duolingo by 250.0% during the fourth quarter. Quarry LP now owns 91 shares of the company's stock valued at $30,000 after buying an additional 65 shares during the period. Mirae Asset Global Investments Co. Ltd. purchased a new position in Duolingo during the fourth quarter worth about $31,000. Harvest Fund Management Co. Ltd increased its stake in Duolingo by 5,050.0% in 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. Finally, Versant Capital Management Inc raised its holdings in shares of Duolingo by 323.1% in the 1st quarter. Versant Capital Management Inc now owns 110 shares of the company's stock valued at $34,000 after acquiring an additional 84 shares in the last quarter. 91.59% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In related news, Director Gillian Munson sold 5,000 shares of Duolingo stock in a transaction dated Thursday, March 20th. The shares were sold at an average price of $310.00, for a total transaction of $1,550,000.00. Following the completion of the transaction, the director now directly owns 3,530 shares of the company's stock, valued at $1,094,300. This trade represents a 58.62% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CEO Ahn Luis Von sold 8,000 shares of the business's stock in a transaction dated Monday, March 17th. The stock was sold at an average price of $293.80, for a total transaction of $2,350,400.00. The disclosure for this sale can be found here. Insiders have sold a total of 94,833 shares of company stock valued at $34,257,319 over the last ninety days. Company insiders own 15.67% of the company's stock.

Duolingo Trading Down 2.5%

Shares of NASDAQ:DUOL traded down $12.36 on Wednesday, hitting $473.66. The company had a trading volume of 795,497 shares, compared to its average volume of 716,298. The firm's 50-day simple moving average is $437.55 and its two-hundred day simple moving average is $376.16. The firm has a market capitalization of $21.53 billion, a price-to-earnings ratio of 258.83 and a beta of 1.00. The company has a quick ratio of 3.09, a current ratio of 3.09 and a debt-to-equity ratio of 0.07. 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 issued its quarterly earnings data on Thursday, May 1st. The company reported $0.72 EPS for the quarter, topping 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 business had revenue of $230.74 million during the quarter, compared to analyst estimates of $223.15 million. Duolingo's revenue for the quarter was up 37.6% compared to the same quarter last year. Equities analysts anticipate that Duolingo, Inc. will post 2.03 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of equities analysts recently weighed in on DUOL shares. JMP Securities reissued a "market perform" rating on shares of Duolingo in a report on Friday, February 14th. Citizens Jmp upgraded Duolingo from a "market perform" rating to an "outperform" rating and set a $400.00 price objective on the stock in a report on Tuesday, March 18th. Evercore ISI increased their target price on Duolingo from $400.00 to $480.00 and gave the company an "outperform" rating in a report on Friday, May 2nd. JPMorgan Chase & Co. lifted their price target on Duolingo from $500.00 to $580.00 and gave the stock an "overweight" rating in a research note on Wednesday, June 4th. Finally, DA Davidson increased their price objective on Duolingo from $470.00 to $600.00 and gave the company a "buy" rating in a research note on Friday, May 30th. Seven research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average target price of $441.29.

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.