CW Advisors LLC Buys Shares of 10,624 Duolingo, Inc. $DUOL

Key Points

• CW Advisors LLC acquired 10,624 shares of Duolingo, Inc. valued at approximately $3.3 million during the first quarter.
• Several institutional investors, including Contravisory Investment Management and Summit Securities, also purchased new positions in Duolingo, with hedge funds owning 91.59% of the company's stock.
• Duolingo reported a 41.5% year-over-year revenue increase, with a recent earnings per share of $0.91, surpassing analyst estimates of $0.55.

CW Advisors LLC bought a new stake in Duolingo, Inc. (NASDAQ:DUOL - Free Report) during the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund bought 10,624 shares of the company's stock, valued at approximately $3,299,000.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Contravisory Investment Management Inc. purchased a new position in Duolingo in the first quarter valued at about $25,000. Summit Securities Group LLC purchased a new position in Duolingo in the first quarter valued at about $28,000. Quarry LP grew its stake in Duolingo by 250.0% in the fourth quarter. Quarry LP now owns 91 shares of the company's stock valued at $30,000 after purchasing an additional 65 shares during the last quarter. Brooklyn Investment Group grew its stake in Duolingo by 4,750.0% in the first quarter. Brooklyn Investment Group now owns 97 shares of the company's stock valued at $30,000 after purchasing an additional 95 shares during the last quarter. Finally, Garde Capital Inc. purchased a new position in Duolingo in the first quarter valued at about $31,000. Hedge funds and other institutional investors own 91.59% of the company's stock.

Insider Transactions at Duolingo

In related news, insider Natalie Glance sold 2,533 shares of the company's stock in a transaction that occurred on Friday, August 15th. The stock was sold at an average price of $329.03, for a total value of $833,432.99. Following the sale, the insider owned 122,112 shares in the company, valued at $40,178,511.36. This represents a 2.03% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, General Counsel Stephen C. Chen sold 1,282 shares of the company's stock in a transaction that occurred on Friday, August 15th. The shares were sold at an average price of $329.03, for a total value of $421,816.46. Following the completion of the sale, the general counsel owned 34,153 shares in the company, valued at approximately $11,237,361.59. This represents a 3.62% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 68,056 shares of company stock valued at $27,035,566 over the last quarter. Company insiders own 15.67% of the company's stock.

Wall Street Analyst Weigh In

Several equities analysts have issued reports on DUOL shares. Scotiabank lifted their target price on Duolingo from $405.00 to $470.00 and gave the company a "sector outperform" rating in a research note on Friday, May 2nd. Evercore ISI boosted their price target on Duolingo from $400.00 to $480.00 and gave the stock an "outperform" rating in a research note on Friday, May 2nd. Needham & Company LLC boosted their price target on Duolingo from $400.00 to $460.00 and gave the stock a "buy" rating in a research note on Friday, May 2nd. UBS Group restated an "overweight" rating on shares of Duolingo in a research note on Thursday, May 22nd. Finally, Citigroup assumed coverage on Duolingo in a research note on Monday, August 18th. They set a "buy" rating and a $400.00 price target on the stock. Thirteen investment analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the stock. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average price target of $451.35.

Duolingo Price Performance

Shares of NASDAQ DUOL opened at $331.87 on Friday. The business's 50 day moving average price is $378.13 and its 200 day moving average price is $390.97. The firm has a market cap of $15.21 billion, a P/E ratio of 136.57, a P/E/G ratio of 2.21 and a beta of 0.87. Duolingo, Inc. has a 52 week low of $202.38 and a 52 week high of $544.93. The company has a quick ratio of 2.81, a current ratio of 2.81 and a debt-to-equity ratio of 0.10.

Duolingo (NASDAQ:DUOL - Get Free Report) last issued its earnings results on Wednesday, August 6th. The company reported $0.91 EPS for the quarter, beating analysts' consensus estimates of $0.55 by $0.36. The firm had revenue of $252.27 million for the quarter, compared to analyst estimates of $240.84 million. Duolingo had a return on equity of 13.32% and a net margin of 13.24%.Duolingo's revenue for the quarter was up 41.5% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.51 earnings per share. On average, sell-side analysts expect that Duolingo, Inc. will post 2.03 earnings per share 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.

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