HighTower Advisors LLC Has $903,000 Stock Holdings in Duolingo, Inc. $DUOL

Key Points

• HighTower Advisors LLC has increased its stake in Duolingo, Inc. (NASDAQ:DUOL) by 58.3%, owning 2,908 shares worth approximately $903,000 at the last reporting period.
• Duolingo has shown a revenue growth of 41.5% year-over-year, posting $252.27 million in revenue for its latest quarter, exceeding analysts' estimates.
• Insider trading activity has seen significant sales, with CFO Matthew Skaruppa selling 2,797 shares and Severin Hacker selling 10,000 shares, reflecting a notable decrease in their respective ownership stakes.

HighTower Advisors LLC boosted its holdings in Duolingo, Inc. (NASDAQ:DUOL - Free Report) by 58.3% during the 1st quarter, according to the company in its most recent disclosure with the SEC. The fund owned 2,908 shares of the company's stock after buying an additional 1,071 shares during the quarter. HighTower Advisors LLC's holdings in Duolingo were worth $903,000 as of its most recent SEC filing.

Several other hedge funds have also recently added to or reduced their stakes in DUOL. Invesco Ltd. grew its position in Duolingo by 24.1% during the 1st quarter. Invesco Ltd. now owns 1,346,278 shares of the company's stock worth $418,073,000 after purchasing an additional 261,212 shares in the last quarter. GAMMA Investing LLC grew its position in Duolingo by 41,959.1% during the 1st quarter. GAMMA Investing LLC now owns 239,737 shares of the company's stock worth $74,448,000 after purchasing an additional 239,167 shares in the last quarter. Nuveen LLC purchased a new position in Duolingo during the 1st quarter worth approximately $42,950,000. Voloridge Investment Management LLC grew its position in Duolingo by 270.3% during the 4th quarter. Voloridge Investment Management LLC now owns 146,674 shares of the company's stock worth $47,556,000 after purchasing an additional 107,063 shares in the last quarter. Finally, Citigroup Inc. grew its position in Duolingo by 759.5% during the 1st quarter. Citigroup Inc. now owns 85,742 shares of the company's stock worth $26,626,000 after purchasing an additional 75,766 shares in the last quarter. Institutional investors and hedge funds own 91.59% of the company's stock.

Insiders Place Their Bets

In other Duolingo news, insider Natalie Glance sold 2,533 shares of the firm's stock in a transaction that occurred on Friday, August 15th. The shares were sold at an average price of $329.03, for a total value of $833,432.99. Following the transaction, the insider directly owned 122,112 shares of the company's stock, valued at approximately $40,178,511.36. This trade represents a 2.03% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Matthew Skaruppa sold 10,937 shares of the firm's stock in a transaction that occurred on Tuesday, August 26th. The shares were sold at an average price of $317.39, for a total transaction of $3,471,294.43. Following the completion of the transaction, the chief financial officer directly owned 43,345 shares in the company, valued at approximately $13,757,269.55. The trade was a 20.15% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 80,508 shares of company stock valued at $30,993,721 over the last quarter. Company insiders own 18.30% of the company's stock.

Wall Street Analysts Forecast Growth

DUOL has been the topic of several research analyst reports. DA Davidson lowered their price target on shares of Duolingo from $600.00 to $500.00 and set a "buy" rating on the stock in a report on Wednesday, June 25th. Raymond James Financial reaffirmed a "market perform" rating on shares of Duolingo in a research note on Tuesday, August 26th. JPMorgan Chase & Co. boosted their target price on shares of Duolingo from $500.00 to $515.00 and gave the stock an "overweight" rating in a research report on Thursday, August 7th. Barclays boosted their target price on shares of Duolingo from $375.00 to $390.00 and gave the stock an "equal weight" rating in a research report on Thursday, August 7th. Finally, The Goldman Sachs Group upped their price objective on shares of Duolingo from $340.00 to $403.00 and gave the company a "neutral" rating in a research report on Monday, May 5th. Thirteen research analysts have rated the stock with a Buy rating and six have given a Hold rating to the company. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus target price of $451.35.

Duolingo Price Performance

NASDAQ DUOL traded down $24.92 on Monday, reaching $297.86. The company's stock had a trading volume of 2,277,333 shares, compared to its average volume of 2,284,161. The firm has a market cap of $13.65 billion, a PE ratio of 122.58, a price-to-earnings-growth ratio of 1.99 and a beta of 0.85. The business has a 50-day moving average price of $362.04 and a 200 day moving average price of $387.96. Duolingo, Inc. has a 52 week low of $202.44 and a 52 week high of $544.93. The company has a current ratio of 2.81, a quick ratio of 2.81 and a debt-to-equity ratio of 0.10.

Duolingo (NASDAQ:DUOL - Get Free Report) last issued its quarterly earnings data on Wednesday, August 6th. The company reported $0.91 earnings per share for the quarter, topping the consensus estimate of $0.55 by $0.36. The firm had revenue of $252.27 million for the quarter, compared to analysts' expectations of $240.84 million. Duolingo had a net margin of 13.24% and a return on equity of 13.32%. The company's quarterly revenue was up 41.5% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.51 earnings per share. Sell-side analysts expect 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.