California State Teachers Retirement System Has $10.30 Million Stake in Duolingo, Inc. (NASDAQ:DUOL)

California State Teachers Retirement System increased its position in shares of Duolingo, Inc. (NASDAQ:DUOL - Free Report) by 5.4% in the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 31,778 shares of the company's stock after purchasing an additional 1,635 shares during the quarter. California State Teachers Retirement System owned 0.07% of Duolingo worth $10,303,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Quarry LP raised its holdings in Duolingo by 250.0% during the fourth quarter. Quarry LP now owns 91 shares of the company's stock worth $30,000 after purchasing an additional 65 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. purchased a new stake in Duolingo during the fourth quarter valued at about $31,000. Harvest Fund Management Co. Ltd boosted its position 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 buying an additional 101 shares during the period. Global Retirement Partners LLC lifted its stake in shares of Duolingo by 1,255.6% in the fourth quarter. Global Retirement Partners LLC now owns 122 shares of the company's stock worth $40,000 after acquiring an additional 113 shares in the last quarter. Finally, Smithfield Trust Co lifted its stake in shares of Duolingo by 41.8% in the fourth quarter. Smithfield Trust Co now owns 156 shares of the company's stock worth $51,000 after acquiring an additional 46 shares in the last quarter. 91.59% of the stock is owned by institutional investors and hedge funds.

Duolingo Price Performance

Shares of DUOL traded up $4.52 during trading hours on Wednesday, hitting $517.89. 288,625 shares of the company were exchanged, compared to its average volume of 706,529. The company has a market capitalization of $23.54 billion, a PE ratio of 283.00 and a beta of 0.88. 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 firm has a fifty day simple moving average of $418.87 and a 200-day simple moving average of $370.02. Duolingo, Inc. has a one year low of $145.05 and a one year high of $544.93.

Duolingo (NASDAQ:DUOL - Get Free Report) last released its earnings results on Thursday, May 1st. The company reported $0.72 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.52 by $0.20. The company had revenue of $230.74 million during the quarter, compared to analyst estimates of $223.15 million. Duolingo had a return on equity of 11.74% and a net margin of 12.59%. The company's revenue was up 37.6% compared to the same quarter last year. As a group, sell-side analysts predict that Duolingo, Inc. will post 2.03 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of brokerages have recently weighed in on DUOL. Piper Sandler set a $375.00 price target on Duolingo in a research report on Friday, May 2nd. Morgan Stanley increased their price target on Duolingo from $435.00 to $515.00 and gave the stock an "overweight" rating in a research report on Monday, May 5th. Needham & Company LLC increased their price target on Duolingo from $400.00 to $460.00 and gave the stock a "buy" rating in a research report on Friday, May 2nd. 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 report on Tuesday, March 18th. Finally, DA Davidson increased their price target on Duolingo from $470.00 to $600.00 and gave the company a "buy" rating in a research note on Friday, May 30th. Seven equities research analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $441.29.

Insider Buying and Selling

In related news, insider Natalie Glance sold 3,482 shares of the stock in a transaction on Tuesday, April 1st. The stock was sold at an average price of $319.59, for a total transaction of $1,112,812.38. Following the completion of the sale, the insider now directly owns 127,251 shares in the company, valued at approximately $40,668,147.09. This trade represents a 2.66% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Ahn Luis Von sold 8,000 shares of the stock in a transaction on Monday, March 17th. The stock was sold at an average price of $293.80, for a total value of $2,350,400.00. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 84,833 shares of company stock worth $29,006,319. Corporate insiders own 15.67% 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.