Duolingo, Inc. $DUOL Shares Bought by Atika Capital Management LLC

Key Points

• Atika Capital Management LLC significantly increased its holdings in Duolingo by 33.9% during the first quarter, now owning 23,300 shares valued at approximately $7.24 million.
• Analysts have raised Duolingo's price targets; Goldman Sachs increased theirs from $340 to $403, while Barclays adjusted theirs to $390, with a consensus price target of $451.35.
• Company insiders, including the CFO and General Counsel, sold significant portions of their shares, leading to a decrease in their ownership by 5.02% and 3.62% respectively, amidst a total of 58,056 shares sold last quarter.

Atika Capital Management LLC boosted its holdings in Duolingo, Inc. (NASDAQ:DUOL - Free Report) by 33.9% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 23,300 shares of the company's stock after buying an additional 5,900 shares during the quarter. Atika Capital Management LLC owned approximately 0.05% of Duolingo worth $7,236,000 at the end of the most recent quarter.

Several other large investors have also recently bought and sold shares of DUOL. T. Rowe Price Investment Management Inc. boosted its stake in Duolingo by 110.5% in the first quarter. T. Rowe Price Investment Management Inc. now owns 990,903 shares of the company's stock valued at $307,716,000 after acquiring an additional 520,069 shares in the last quarter. Capital Fund Management S.A. boosted its stake in Duolingo by 167.1% in the first quarter. Capital Fund Management S.A. now owns 65,114 shares of the company's stock valued at $20,221,000 after acquiring an additional 40,737 shares in the last quarter. Hsbc Holdings PLC boosted its stake in Duolingo by 39.0% in the first quarter. Hsbc Holdings PLC now owns 3,186 shares of the company's stock valued at $995,000 after acquiring an additional 894 shares in the last quarter. Fuller & Thaler Asset Management Inc. boosted its stake in Duolingo by 23.5% in the first quarter. Fuller & Thaler Asset Management Inc. now owns 214,594 shares of the company's stock valued at $66,640,000 after acquiring an additional 40,812 shares in the last quarter. Finally, Quantbot Technologies LP acquired a new position in Duolingo in the first quarter valued at $2,718,000. Hedge funds and other institutional investors own 91.59% of the company's stock.

Insider Buying and Selling at Duolingo

In other news, CFO Matthew Skaruppa sold 2,797 shares of the company's stock in a transaction on Friday, August 15th. The shares were sold at an average price of $329.03, for a total transaction of $920,296.91. Following the transaction, the chief financial officer directly owned 52,904 shares of the company's stock, valued at $17,407,003.12. This represents a 5.02% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Robert Meese sold 1,444 shares of Duolingo stock in a transaction that occurred on Friday, August 15th. The shares were sold at an average price of $329.03, for a total transaction of $475,119.32. Following the sale, the insider owned 120,080 shares of the company's stock, valued at approximately $39,509,922.40. The trade was a 1.19% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 68,056 shares of company stock worth $27,035,566. Company insiders own 18.30% of the company's stock.

Duolingo Stock Performance

NASDAQ:DUOL traded down $10.43 during mid-day trading on Monday, reaching $321.44. The stock had a trading volume of 1,414,754 shares, compared to its average volume of 1,045,374. 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 capitalization of $14.73 billion, a price-to-earnings ratio of 132.28, a PEG ratio of 2.21 and a beta of 0.87. Duolingo, Inc. has a twelve month low of $202.38 and a twelve month high of $544.93. The business has a 50 day simple moving average of $378.13 and a 200 day simple moving average of $390.98.

Duolingo (NASDAQ:DUOL - Get Free Report) last announced its quarterly earnings data 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 during the quarter, compared to the consensus estimate of $240.84 million. Duolingo had a net margin of 13.24% and a return on equity of 13.32%. The firm's revenue was up 41.5% compared to the same quarter last year. During the same quarter last year, the firm earned $0.51 earnings per share. On average, analysts expect that Duolingo, Inc. will post 2.03 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several equities analysts have issued reports on the stock. UBS Group restated an "overweight" rating on shares of Duolingo in a research note on Thursday, May 22nd. Piper Sandler set a $375.00 price target on shares of Duolingo in a research report on Friday, May 2nd. JPMorgan Chase & Co. increased their target price on shares of Duolingo from $500.00 to $515.00 and gave the stock an "overweight" rating in a research note on Thursday, August 7th. Scotiabank increased their target price on shares of Duolingo from $405.00 to $470.00 and gave the stock a "sector outperform" rating in a research note on Friday, May 2nd. Finally, Evercore ISI increased their target price on shares of Duolingo from $400.00 to $480.00 and gave the stock an "outperform" rating in a research note on Friday, May 2nd. Thirteen analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average target price of $451.35.

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.