Cwm LLC Sells 4,080 Shares of Duolingo, Inc. (NASDAQ:DUOL)

CWM LLC decreased its position in Duolingo, Inc. (NASDAQ:DUOL - Free Report) by 36.7% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 7,040 shares of the company's stock after selling 4,080 shares during the quarter. CWM LLC's holdings in Duolingo were worth $2,186,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Louisiana State Employees Retirement System grew its position in Duolingo by 1.0% during the first quarter. Louisiana State Employees Retirement System now owns 10,600 shares of the company's stock worth $3,292,000 after buying an additional 100 shares in the last quarter. New York State Common Retirement Fund lifted its stake in shares of Duolingo by 24.6% in the 1st quarter. New York State Common Retirement Fund now owns 42,407 shares of the company's stock valued at $13,169,000 after acquiring an additional 8,374 shares during the last quarter. Diversify Wealth Management LLC bought a new position in shares of Duolingo in the 1st quarter valued at $726,000. Xponance Inc. lifted its stake in shares of Duolingo by 3.2% in the 1st quarter. Xponance Inc. now owns 7,822 shares of the company's stock valued at $2,429,000 after acquiring an additional 242 shares during the last quarter. Finally, State of Michigan Retirement System raised its position in Duolingo by 1.1% during the 1st quarter. State of Michigan Retirement System now owns 9,100 shares of the company's stock worth $2,826,000 after purchasing an additional 100 shares during the last quarter. Institutional investors and hedge funds own 91.59% of the company's stock.

Insider Buying and Selling at Duolingo

In other Duolingo news, insider Robert Meese sold 10,000 shares of the company's stock in a transaction dated Wednesday, April 23rd. The shares were sold at an average price of $367.65, for a total transaction of $3,676,500.00. Following the completion of the sale, the insider directly owned 123,805 shares in the company, valued at $45,516,908.25. This represents a 7.47% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, insider Severin Hacker sold 10,000 shares of the company's stock in a transaction dated Monday, April 21st. The shares were sold at an average price of $314.36, for a total transaction of $3,143,600.00. Following the sale, the insider owned 72 shares of the company's stock, valued at approximately $22,633.92. The trade was a 99.29% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 65,000 shares of company stock valued at $27,646,500 over the last quarter. 15.67% of the stock is owned by company insiders.

Analyst Ratings Changes

A number of analysts have weighed in on the company. UBS Group reiterated an "overweight" rating on shares of Duolingo in a report on Thursday, May 22nd. Barclays increased their price target on Duolingo from $330.00 to $375.00 and gave the stock an "equal weight" rating in a report on Friday, May 2nd. Argus assumed coverage on Duolingo in a report on Wednesday, June 25th. They set a "buy" rating and a $575.00 price target for the company. Piper Sandler set a $375.00 price target on Duolingo in a report on Friday, May 2nd. Finally, Scotiabank raised 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. Six research analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. Based on data from MarketBeat, Duolingo currently has a consensus rating of "Moderate Buy" and an average price target of $435.87.

Duolingo Stock Performance

DUOL stock traded up $8.54 during midday trading on Friday, reaching $370.49. 1,038,494 shares of the company's stock traded hands, compared to its average volume of 740,040. The company has a 50-day moving average price of $461.96 and a two-hundred day moving average price of $389.96. The company has a debt-to-equity ratio of 0.06, a quick ratio of 2.68 and a current ratio of 2.68. Duolingo, Inc. has a 52 week low of $145.05 and a 52 week high of $544.93. The firm has a market capitalization of $16.84 billion, a PE ratio of 182.51, a price-to-earnings-growth ratio of 2.85 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 for the quarter, topping the consensus estimate of $0.52 by $0.20. The firm had revenue of $230.74 million for the quarter, compared to analysts' expectations of $223.15 million. Duolingo had a net margin of 11.93% and a return on equity of 11.70%. The company's revenue was up 37.6% on a year-over-year basis. As a group, equities analysts anticipate that Duolingo, Inc. will post 2.03 EPS 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.