Carnegie Mellon University Has $96.21 Million Stock Position in Duolingo, Inc. (NASDAQ:DUOL)

Carnegie Mellon University reduced its stake in Duolingo, Inc. (NASDAQ:DUOL - Free Report) by 1.6% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 309,814 shares of the company's stock after selling 5,000 shares during the quarter. Duolingo comprises approximately 74.6% of Carnegie Mellon University's portfolio, making the stock its biggest holding. Carnegie Mellon University owned approximately 0.68% of Duolingo worth $96,210,000 as of its most recent SEC filing.

Other large investors have also recently made changes to their positions in the company. Contravisory Investment Management Inc. purchased a new stake in shares of Duolingo during the 1st quarter valued at about $25,000. Quarry LP lifted its position in shares of Duolingo by 250.0% during the 4th quarter. Quarry LP now owns 91 shares of the company's stock valued at $30,000 after buying an additional 65 shares in the last quarter. Garde Capital Inc. acquired a new stake in shares of Duolingo in the 1st quarter worth $31,000. Harvest Fund Management Co. Ltd increased its position in shares of Duolingo by 5,050.0% during the 4th quarter. Harvest Fund Management Co. Ltd now owns 103 shares of the company's stock worth $33,000 after purchasing an additional 101 shares during the last quarter. Finally, Whittier Trust Co. acquired a new position in Duolingo in the 1st quarter valued at about $33,000. 91.59% of the stock is owned by hedge funds and other institutional investors.

Duolingo Stock Up 2.4%

Duolingo stock traded up $8.54 during mid-day trading on Friday, hitting $370.49. The company had a trading volume of 1,038,494 shares, compared to its average volume of 740,040. The stock has a market cap of $16.84 billion, a price-to-earnings ratio of 182.51, a PEG ratio of 2.85 and a beta of 0.89. Duolingo, Inc. has a 1 year low of $145.05 and a 1 year high of $544.93. The company has a quick ratio of 2.68, a current ratio of 2.68 and a debt-to-equity ratio of 0.06. The business has a fifty day moving average of $461.96 and a 200 day moving average of $389.96.

Duolingo (NASDAQ:DUOL - Get Free Report) last announced its earnings results on Thursday, May 1st. The company reported $0.72 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.52 by $0.20. Duolingo had a net margin of 11.93% and a return on equity of 11.70%. The business had revenue of $230.74 million for the quarter, compared to analyst estimates of $223.15 million. The firm's revenue for the quarter was up 37.6% on a year-over-year basis. On average, sell-side analysts expect that Duolingo, Inc. will post 2.03 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several equities research analysts have commented on the company. Evercore ISI upped 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. Piper Sandler set a $375.00 target price on Duolingo in a research note on Friday, May 2nd. Morgan Stanley cut their price target on Duolingo from $515.00 to $480.00 and set an "overweight" rating for the company in a report on Tuesday, July 8th. Barclays increased their price target on Duolingo from $330.00 to $375.00 and gave the stock an "equal weight" rating in a research report on Friday, May 2nd. Finally, DA Davidson cut their price target on Duolingo from $600.00 to $500.00 and set a "buy" rating on the stock in a research note on Wednesday, June 25th. Six analysts have rated the stock with a hold rating and ten have issued a buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $435.87.

Insider Activity

In other news, insider Severin Hacker sold 10,000 shares of the company's 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 completion of the sale, the insider owned 72 shares in the company, valued at $28,288.08. This represents a 99.29% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Also, insider Robert Meese sold 5,000 shares of the company'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 of the company's stock, valued at approximately $46,927,975. This trade represents a 4.04% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 65,000 shares of company stock valued at $27,646,500 in the last 90 days. 15.67% of the stock is owned by company insiders.

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.