Maxi Investments CY Ltd Sells 7,400 Shares of Duolingo, Inc. $DUOL

Key Points

• Maxi Investments CY Ltd reduced its Duolingo stake by 25.2% in the third quarter, selling 7,400 shares and retaining 22,000 shares valued at approximately $3.13 million.
• Duolingo reported quarterly EPS of $0.66, exceeding the $0.60 consensus estimate, while revenue rose 18.3% year over year to $298.45 million. Institutional investors collectively own 91.59% of the company.
• Analyst sentiment remains mixed, with a consensus “Hold” rating and an average price target of $127.19 versus the reported share price of $138.60. The company also faces legal and near-term financial overhang from its monetization reset and related securities lawsuits.

Maxi Investments CY Ltd cut its stake in Duolingo, Inc. (NASDAQ:DUOL - Free Report) by 25.2% during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 22,000 shares of the company's stock after selling 7,400 shares during the period. Maxi Investments CY Ltd's holdings in Duolingo were worth $3,133,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of DUOL. Bank of America Corp DE raised its stake in Duolingo by 511.2% during the first quarter. Bank of America Corp DE now owns 1,332,301 shares of the company's stock worth $131,325,000 after purchasing an additional 1,114,315 shares during the period. State of Michigan Retirement System grew its stake in shares of Duolingo by 112.9% during the 1st quarter. State of Michigan Retirement System now owns 1,193,307 shares of the company's stock valued at $117,624,000 after buying an additional 632,807 shares during the period. Renaissance Technologies LLC grew its stake in shares of Duolingo by 91.3% during the 1st quarter. Renaissance Technologies LLC now owns 603,806 shares of the company's stock valued at $59,517,000 after buying an additional 288,252 shares during the period. Amundi grew its stake in shares of Duolingo by 1,351.7% during the 1st quarter. Amundi now owns 449,068 shares of the company's stock valued at $44,265,000 after buying an additional 418,134 shares during the period. Finally, Bank of New York Mellon Corp increased its holdings in shares of Duolingo by 2.6% during the 1st quarter. Bank of New York Mellon Corp now owns 249,634 shares of the company's stock worth $24,606,000 after buying an additional 6,233 shares during the last quarter. 91.59% of the stock is currently owned by hedge funds and other institutional investors.

Duolingo Price Performance

DUOL opened at $138.60 on Tuesday. The company has a quick ratio of 2.72, a current ratio of 2.72 and a debt-to-equity ratio of 0.06. Duolingo, Inc. has a 52-week low of $87.89 and a 52-week high of $318.84. The company has a 50 day moving average of $145.61 and a two-hundred day moving average of $125.11. The company has a market cap of $6.49 billion, a P/E ratio of 16.42, a P/E/G ratio of 1.17 and a beta of 1.05.

Duolingo (NASDAQ:DUOL - Get Free Report) last released its quarterly earnings data on Wednesday, August 5th. The company reported $0.66 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.60 by $0.06. The company had revenue of $298.45 million during the quarter, compared to analyst estimates of $295.58 million. Duolingo had a net margin of 35.88% and a return on equity of 12.10%. The business's quarterly revenue was up 18.3% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.91 earnings per share. On average, analysts expect that Duolingo, Inc. will post 2.62 earnings per share for the current year.

Key Duolingo News

Here are the key news stories impacting Duolingo this week:

• Positive Sentiment: A bullish analysis argues that Duolingo’s decision to reduce monetization friction could restore user growth. Daily active-user growth reportedly improved to 23% in the first half of 2026, and management is targeting 100 million daily active users by 2028. The strategy could support longer-term bookings and revenue growth if the larger user base eventually monetizes more effectively. Duolingo: The 2027 Bull Case Is Hidden In The Monetization Switch
• Neutral Sentiment: Reported short interest was listed at zero shares, implying no measurable short-selling pressure. However, the figure appears inconsistent with the reported trading data and may reflect a data-quality or reporting issue rather than a meaningful change in investor positioning.
• Negative Sentiment: Several law firms publicized a securities class action involving investors who purchased Duolingo shares from May 2, 2025, through February 26, 2026. The complaints allege that the company failed to disclose material information related to its monetization and growth strategies. Investors have until December 7, 2026, to seek lead-plaintiff status. The allegations have not been proven, but the repeated notices add legal and reputational overhang to the stock. Duolingo Securities Fraud Class Action Deadline Alert
• Negative Sentiment: The growth reset involves accepting more than $50 million in expected 2026 bookings and declining advertising and in-app-purchase revenue in exchange for faster user acquisition. That tradeoff may pressure near-term financial results and helps explain investor caution. Duolingo Stock Dips While Market Gains

Analyst Ratings Changes

Several research analysts recently weighed in on DUOL shares. Scotiabank set a $120.00 target price on Duolingo in a research report on Thursday, August 6th. JPMorgan Chase & Co. lifted their target price on Duolingo from $125.00 to $135.00 and gave the company a "neutral" rating in a report on Thursday, August 27th. Citigroup raised Duolingo from a "hold" rating to a "buy" rating in a research report on Tuesday, August 18th. KeyCorp upgraded Duolingo from a "hold" rating to an "overweight" rating in a research note on Tuesday, August 18th. Finally, Argus restated a "hold" rating and set a $146.00 price target on shares of Duolingo in a research note on Tuesday, August 25th. One research analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating, fourteen have issued a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and an average price target of $127.19.

Insider Buying and Selling

In related news, General Counsel Stephen Chen sold 8,072 shares of the firm's stock in a transaction dated Monday, September 14th. The stock was sold at an average price of $149.33, for a total transaction of $1,205,391.76. Following the sale, the general counsel directly owned 43,769 shares in the company, valued at approximately $6,536,024.77. This trade represents a 15.57% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Luis van Ahn sold 110,046 shares of the business's stock in a transaction that occurred on Wednesday, October 7th. The stock was sold at an average price of $151.70, for a total value of $16,693,978.20. Following the transaction, the chief executive officer directly owned 110,046 shares in the company, valued at $16,693,978.20. This trade represents a 50.00% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold a total of 250,740 shares of company stock worth $37,685,893 in the last ninety days. 16.62% of the stock is owned by corporate insiders.

Duolingo Company Profile

Duolingo, Inc develops technology-based learning products designed to make education accessible and engaging. Its flagship Duolingo mobile and web platform offers gamified courses in languages including Spanish, English, French, German and Japanese, among others. Lessons incorporate interactive exercises, personalized practice and achievement-based features intended to support regular learning.

The company also operates the Duolingo English Test, an online English-proficiency assessment that can be taken remotely and is accepted by educational institutions and other organizations.

Want to see what other hedge funds are holding DUOL? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Duolingo, Inc. (NASDAQ:DUOL - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.