Dakota Wealth Management Has $288,000 Holdings in Duolingo, Inc. (NASDAQ:DUOL)

Dakota Wealth Management reduced its stake in shares of Duolingo, Inc. (NASDAQ:DUOL - Free Report) by 47.5% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 928 shares of the company's stock after selling 840 shares during the quarter. Dakota Wealth Management's holdings in Duolingo were worth $288,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in DUOL. Congress Asset Management Co. bought a new stake in Duolingo in the 1st quarter valued at $15,430,000. SBI Securities Co. Ltd. increased its stake in shares of Duolingo by 41.1% in the first quarter. SBI Securities Co. Ltd. now owns 4,158 shares of the company's stock valued at $1,291,000 after buying an additional 1,211 shares during the period. Catalyst Capital Advisors LLC boosted its position in shares of Duolingo by 12.6% during the 1st quarter. Catalyst Capital Advisors LLC now owns 6,925 shares of the company's stock valued at $2,150,000 after purchasing an additional 775 shares in the last quarter. BNP Paribas Financial Markets bought a new stake in shares of Duolingo during the 4th quarter valued at about $9,708,000. Finally, Janney Montgomery Scott LLC bought a new position in Duolingo in the first quarter worth approximately $282,000. 91.59% of the stock is currently owned by institutional investors and hedge funds.

Duolingo Price Performance

Shares of DUOL stock opened at $361.95 on Friday. 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 business's 50 day moving average price is $464.81 and its 200-day moving average price is $389.19. Duolingo, Inc. has a fifty-two week low of $145.05 and a fifty-two week high of $544.93. The firm has a market cap of $16.45 billion, a P/E ratio of 178.30, a P/E/G ratio of 2.78 and a beta of 0.89.

Duolingo (NASDAQ:DUOL - Get Free Report) last released 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 return on equity of 11.70% and a net margin of 11.93%. The business had revenue of $230.74 million during the quarter, compared to analyst estimates of $223.15 million. The company's quarterly revenue was up 37.6% compared to the same quarter last year. On average, equities research analysts anticipate that Duolingo, Inc. will post 2.03 earnings per share for the current year.

Wall Street Analysts Forecast Growth

DUOL has been the subject of several research analyst reports. Evercore ISI lifted their price objective on Duolingo from $400.00 to $480.00 and gave the company an "outperform" rating in a research note on Friday, May 2nd. The Goldman Sachs Group increased their price target on Duolingo from $340.00 to $403.00 and gave the company a "neutral" rating in a report on Monday, May 5th. Barclays raised their price objective on Duolingo from $330.00 to $375.00 and gave the company an "equal weight" rating in a research report on Friday, May 2nd. Needham & Company LLC raised their price objective on shares of Duolingo from $400.00 to $460.00 and gave the stock a "buy" rating in a research note on Friday, May 2nd. Finally, Piper Sandler set a $375.00 price target on shares of Duolingo in a report on Friday, May 2nd. Six analysts have rated the stock with a hold rating and ten have issued a buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average price target of $435.87.

Insider Activity at Duolingo

In other news, insider Severin Hacker sold 10,000 shares of the stock in a transaction on Monday, July 7th. The stock was sold at an average price of $392.89, for a total value of $3,928,900.00. Following the sale, the insider directly owned 72 shares in the company, valued at approximately $28,288.08. This trade represents a 99.29% 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, insider Robert Meese sold 5,000 shares of the firm's stock in a transaction on 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 completion of the sale, the insider owned 118,805 shares in the company, valued at approximately $46,927,975. This represents a 4.04% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 65,000 shares of company stock valued at $27,646,500. 15.67% of the stock is owned by company insiders.

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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