1,030 Shares in Duolingo, Inc. (NASDAQ:DUOL) Purchased by Apollon Wealth Management LLC

Apollon Wealth Management LLC purchased a new position in Duolingo, Inc. (NASDAQ:DUOL - Free Report) during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund purchased 1,030 shares of the company's stock, valued at approximately $320,000.

A number of other hedge funds also recently modified their holdings of the stock. Contravisory Investment Management Inc. bought a new stake in Duolingo during the 1st quarter valued at $25,000. Quarry LP raised its holdings in Duolingo by 250.0% during the 4th quarter. Quarry LP now owns 91 shares of the company's stock valued at $30,000 after acquiring an additional 65 shares during the period. Garde Capital Inc. bought a new stake in Duolingo during the 1st quarter valued at $31,000. Harvest Fund Management Co. Ltd increased its holdings in shares of Duolingo by 5,050.0% in the fourth quarter. Harvest Fund Management Co. Ltd now owns 103 shares of the company's stock worth $33,000 after purchasing an additional 101 shares during the period. Finally, Versant Capital Management Inc increased its holdings in shares of Duolingo by 323.1% in the first quarter. Versant Capital Management Inc now owns 110 shares of the company's stock worth $34,000 after purchasing an additional 84 shares during the period. Institutional investors own 91.59% of the company's stock.

Insider Transactions at Duolingo

In related news, insider Severin Hacker sold 10,000 shares of the business's stock in a transaction dated Monday, July 21st. The stock was sold at an average price of $360.33, for a total transaction of $3,603,300.00. Following the transaction, the insider owned 72 shares in the company, valued at $25,943.76. The trade was a 99.29% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider Robert Meese sold 5,000 shares of the business's stock in a transaction dated Tuesday, April 29th. The shares were sold at an average price of $395.00, for a total value of $1,975,000.00. Following the transaction, the insider owned 118,805 shares in the company, valued at approximately $46,927,975. This represents a 4.04% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 55,000 shares of company stock valued at $24,429,700. 15.67% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

DUOL has been the topic of several research analyst reports. Barclays upped their price target on shares of Duolingo from $330.00 to $375.00 and gave the stock an "equal weight" rating in a report on Friday, May 2nd. JPMorgan Chase & Co. decreased their price target on shares of Duolingo from $580.00 to $500.00 and set an "overweight" rating on the stock in a report on Thursday, July 17th. Argus initiated coverage on shares of Duolingo in a report on Wednesday, June 25th. They issued a "buy" rating and a $575.00 price target on the stock. Needham & Company LLC upped their price target on shares of Duolingo from $400.00 to $460.00 and gave the stock a "buy" rating in a report on Friday, May 2nd. Finally, Piper Sandler set a $375.00 target price on shares of Duolingo in a research report on Friday, May 2nd. Six equities research analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $435.87.

Duolingo Trading Up 0.3%

NASDAQ DUOL traded up $1.16 during trading on Thursday, hitting $360.95. 672,808 shares of the company's stock traded hands, compared to its average volume of 888,991. The stock has a fifty day moving average of $448.20 and a two-hundred day moving average of $390.24. The company has a debt-to-equity ratio of 0.06, a current ratio of 2.68 and a quick ratio of 2.68. Duolingo, Inc. has a 12-month low of $145.05 and a 12-month high of $544.93. The firm has a market cap of $16.41 billion, a P/E ratio of 177.81, a PEG ratio of 2.76 and a beta of 0.89.

Duolingo (NASDAQ:DUOL - Get Free Report) last posted its quarterly earnings results on Thursday, May 1st. The company reported $0.72 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.52 by $0.20. Duolingo had a net margin of 11.93% and a return on equity of 11.70%. The business had revenue of $230.74 million during the quarter, compared to analyst estimates of $223.15 million. Duolingo's revenue was up 37.6% on a year-over-year basis. As a group, sell-side analysts expect 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.