Cerity Partners LLC Acquires 4,062 Shares of Duolingo, Inc. (NASDAQ:DUOL)

Cerity Partners LLC increased its holdings in Duolingo, Inc. (NASDAQ:DUOL - Free Report) by 7.9% in the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 55,642 shares of the company's stock after buying an additional 4,062 shares during the period. Cerity Partners LLC owned about 0.12% of Duolingo worth $17,279,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors also recently bought and sold shares of the business. Congress Asset Management Co. acquired a new position in shares of Duolingo during the first quarter worth $15,430,000. Catalyst Capital Advisors LLC increased its position in shares of Duolingo by 12.6% during the first quarter. Catalyst Capital Advisors LLC now owns 6,925 shares of the company's stock worth $2,150,000 after purchasing an additional 775 shares in the last quarter. BNP Paribas Financial Markets acquired a new position in shares of Duolingo during the fourth quarter worth $9,708,000. Janney Montgomery Scott LLC acquired a new position in shares of Duolingo during the first quarter worth $282,000. Finally, Redwood Investment Management LLC acquired a new position in shares of Duolingo during the fourth quarter worth $1,429,000. Institutional investors own 91.59% of the company's stock.

Duolingo Price Performance

NASDAQ:DUOL opened at $370.82 on Monday. Duolingo, Inc. has a one year low of $145.05 and a one year high of $544.93. The company has a debt-to-equity ratio of 0.06, a quick ratio of 2.68 and a current ratio of 2.68. The firm has a market cap of $16.86 billion, a price-to-earnings ratio of 182.67, a PEG ratio of 2.85 and a beta of 0.89. The firm's fifty day moving average is $474.93 and its two-hundred day moving average is $388.90.

Duolingo (NASDAQ:DUOL - Get Free Report) last posted its quarterly earnings results on Thursday, May 1st. The company reported $0.72 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 company had revenue of $230.74 million for the quarter, compared to analyst estimates of $223.15 million. Duolingo's revenue was up 37.6% on a year-over-year basis. Research analysts expect that Duolingo, Inc. will post 2.03 EPS for the current year.

Insider Transactions at Duolingo

In other news, CEO Ahn Luis Von sold 8,000 shares of the stock in a transaction dated Tuesday, April 15th. The shares were sold at an average price of $327.41, for a total transaction of $2,619,280.00. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Robert Meese sold 5,000 shares of the stock in a transaction dated Tuesday, April 29th. The stock was sold at an average price of $395.00, for a total transaction of $1,975,000.00. Following the sale, the insider directly owned 118,805 shares in the company, valued at approximately $46,927,975. The trade was a 4.04% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 73,000 shares of company stock valued at $30,265,780 in the last ninety days. 15.67% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

A number of equities analysts have recently issued reports on the company. Needham & Company LLC upped 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. JPMorgan Chase & Co. upped their price target on Duolingo from $500.00 to $580.00 and gave the stock an "overweight" rating in a research report on Wednesday, June 4th. DA Davidson cut their target price on Duolingo from $600.00 to $500.00 and set a "buy" rating on the stock in a research report on Wednesday, June 25th. UBS Group reissued an "overweight" rating on shares of Duolingo in a research report on Thursday, May 22nd. Finally, Morgan Stanley cut their target price on Duolingo from $515.00 to $480.00 and set an "overweight" rating on the stock in a research report on Tuesday, July 8th. Seven analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company's stock. According to data from MarketBeat, Duolingo presently has a consensus rating of "Moderate Buy" and an average price target of $441.20.

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.

Want to see what other hedge funds are holding DUOL? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Duolingo, Inc. (NASDAQ:DUOL - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.