Duolingo, Inc. (NASDAQ:DUOL) Shares Sold by Spyglass Capital Management LLC

Spyglass Capital Management LLC lowered its position in shares of Duolingo, Inc. (NASDAQ:DUOL - Free Report) by 18.6% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 111,173 shares of the company's stock after selling 25,386 shares during the quarter. Duolingo makes up about 2.0% of Spyglass Capital Management LLC's holdings, making the stock its 25th largest holding. Spyglass Capital Management LLC owned 0.25% of Duolingo worth $36,046,000 at the end of the most recent reporting period.

A number of other hedge funds have also made changes to their positions in DUOL. FMR LLC increased its holdings in shares of Duolingo by 39.9% in the fourth quarter. FMR LLC now owns 3,726,561 shares of the company's stock valued at $1,208,263,000 after purchasing an additional 1,063,327 shares during the last quarter. Vanguard Group Inc. grew its position in Duolingo by 2.0% in the fourth quarter. Vanguard Group Inc. now owns 3,542,194 shares of the company's stock worth $1,148,486,000 after acquiring an additional 70,705 shares during the period. Price T Rowe Associates Inc. MD boosted its holdings in Duolingo by 0.8% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 1,339,780 shares of the company's stock valued at $434,398,000 after purchasing an additional 10,638 shares during the period. Invesco Ltd. raised its stake in Duolingo by 53.5% in the fourth quarter. Invesco Ltd. now owns 1,085,066 shares of the company's stock valued at $351,811,000 after buying an additional 378,225 shares in the last quarter. Finally, Geode Capital Management LLC raised its stake in Duolingo by 1.6% in the fourth quarter. Geode Capital Management LLC now owns 683,498 shares of the company's stock valued at $221,676,000 after buying an additional 10,698 shares in the last quarter. Institutional investors and hedge funds own 91.59% of the company's stock.

Analyst Upgrades and Downgrades

A number of research firms have recently commented on DUOL. Evercore ISI lifted their target price on Duolingo from $400.00 to $480.00 and gave the stock an "outperform" rating in a research report on Friday, May 2nd. Morgan Stanley boosted their price target on Duolingo from $435.00 to $515.00 and gave the company an "overweight" rating in a research report on Monday, May 5th. UBS Group restated an "overweight" rating on shares of Duolingo in a research report on Thursday. Citizens Jmp upgraded Duolingo from a "market perform" rating to an "outperform" rating and set a $400.00 price target on the stock in a research report on Tuesday, March 18th. Finally, Piper Sandler set a $375.00 price target on Duolingo in a research report on Friday, May 2nd. Seven equities research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company's stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $426.29.

Duolingo Price Performance

Shares of NASDAQ:DUOL traded up $3.50 during trading on Thursday, hitting $517.80. 537,392 shares of the stock were exchanged, compared to its average volume of 715,278. The company has a fifty day moving average price of $381.97 and a two-hundred day moving average price of $356.86. The company has a market cap of $23.54 billion, a PE ratio of 282.95 and a beta of 0.88. The company has a current ratio of 3.09, a quick ratio of 3.09 and a debt-to-equity ratio of 0.07. Duolingo, Inc. has a 12-month low of $145.05 and a 12-month high of $544.93.

Duolingo (NASDAQ:DUOL - Get Free Report) last issued its quarterly earnings data on Thursday, May 1st. The company reported $0.72 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.52 by $0.20. Duolingo had a return on equity of 11.74% and a net margin of 12.59%. The firm had revenue of $230.74 million during the quarter, compared to the consensus estimate of $223.15 million. The firm's quarterly revenue was up 37.6% compared to the same quarter last year. On average, analysts forecast that Duolingo, Inc. will post 2.03 EPS for the current year.

Insider Buying and Selling

In other news, CEO Ahn Luis Von sold 8,000 shares of the company's stock in a transaction on Monday, March 17th. The stock was sold at an average price of $293.80, for a total transaction of $2,350,400.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Gillian Munson sold 5,000 shares of the company's stock in a transaction on Thursday, March 20th. The stock was sold at an average price of $310.00, for a total value of $1,550,000.00. Following the sale, the director now owns 3,530 shares of the company's stock, valued at approximately $1,094,300. The trade was a 58.62% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 93,853 shares of company stock worth $31,627,441 in the last ninety days. Insiders own 15.67% of the company's stock.

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.