Cwm LLC Purchases 3,477 Shares of Duolingo, Inc. $DUOL

Key Points

• Cwm LLC increased its stake in Duolingo, Inc. by 49.4%, acquiring an additional 3,477 shares and raising its total ownership to 10,517 shares worth $4.31 million.
• Duolingo reported a significant earnings beat with $0.91 EPS for the last quarter, exceeding the consensus estimate of $0.55, while revenue surged by 41.5% year-over-year.
• Analysts have mixed views on Duolingo, with a current average rating of "Hold" and a price target of approximately $416.68, alongside notable insider selling activity reported recently.

Cwm LLC lifted its stake in shares of Duolingo, Inc. (NASDAQ:DUOL - Free Report) by 49.4% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 10,517 shares of the company's stock after purchasing an additional 3,477 shares during the period. Cwm LLC's holdings in Duolingo were worth $4,312,000 at the end of the most recent reporting period.

Other large investors also recently modified their holdings of the company. Rise Advisors LLC lifted its position in shares of Duolingo by 43.6% during the first quarter. Rise Advisors LLC now owns 79 shares of the company's stock worth $25,000 after purchasing an additional 24 shares in the last quarter. Summit Securities Group LLC acquired a new position in shares of Duolingo during the first quarter worth approximately $28,000. Brooklyn Investment Group lifted its position in shares of Duolingo by 4,750.0% during the first quarter. Brooklyn Investment Group now owns 97 shares of the company's stock worth $30,000 after purchasing an additional 95 shares in the last quarter. Garde Capital Inc. acquired a new position in shares of Duolingo during the first quarter worth approximately $31,000. Finally, Whittier Trust Co. acquired a new position in shares of Duolingo during the first quarter worth approximately $33,000. 91.59% of the stock is currently owned by institutional investors and hedge funds.

Duolingo Trading Down 3.1%

DUOL opened at $330.56 on Friday. The firm's fifty day moving average is $314.65 and its two-hundred day moving average is $380.58. The company has a debt-to-equity ratio of 0.10, a quick ratio of 2.81 and a current ratio of 2.81. The firm has a market cap of $15.15 billion, a PE ratio of 136.03, a price-to-earnings-growth ratio of 2.25 and a beta of 0.86. Duolingo, Inc. has a twelve month low of $256.63 and a twelve month high of $544.93.

Duolingo (NASDAQ:DUOL - Get Free Report) last posted its earnings results on Wednesday, August 6th. The company reported $0.91 earnings per share for the quarter, topping the consensus estimate of $0.55 by $0.36. The company had revenue of $252.27 million for the quarter, compared to analyst estimates of $240.84 million. Duolingo had a net margin of 13.24% and a return on equity of 13.32%. The business's revenue for the quarter was up 41.5% compared to the same quarter last year. During the same period last year, the business posted $0.51 earnings per share. Equities research analysts anticipate that Duolingo, Inc. will post 2.03 EPS for the current year.

Insider Buying and Selling

In other Duolingo news, CFO Matthew Skaruppa sold 10,937 shares of the stock in a transaction on Tuesday, August 26th. The shares were sold at an average price of $317.39, for a total value of $3,471,294.43. Following the sale, the chief financial officer directly owned 43,345 shares in the company, valued at approximately $13,757,269.55. This trade represents a 20.15% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, insider Natalie Glance sold 3,283 shares of the stock in a transaction on Wednesday, October 1st. The stock was sold at an average price of $312.30, for a total transaction of $1,025,280.90. Following the completion of the sale, the insider owned 116,171 shares in the company, valued at approximately $36,280,203.30. This trade represents a 2.75% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 83,791 shares of company stock valued at $26,918,301. 15.67% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

Several equities analysts recently weighed in on DUOL shares. Raymond James Financial restated a "market perform" rating on shares of Duolingo in a report on Tuesday, August 26th. Weiss Ratings restated a "hold (c)" rating on shares of Duolingo in a report on Wednesday, October 8th. KeyCorp upgraded shares of Duolingo from a "sector weight" rating to an "overweight" rating and set a $460.00 price objective on the stock in a report on Monday, August 18th. Wall Street Zen lowered shares of Duolingo from a "buy" rating to a "hold" rating in a report on Saturday, August 30th. Finally, Wells Fargo & Company started coverage on shares of Duolingo in a report on Monday, September 8th. They issued an "underweight" rating and a $239.00 price objective on the stock. Twelve equities research analysts have rated the stock with a Buy rating, eleven have given a Hold rating and one has given a Sell rating to the company's stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Hold" and an average price target of $416.68.

Duolingo Company 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.

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.