Norges Bank Takes $192.97 Million Position in Duolingo, Inc. $DUOL

Key Points

• Norges Bank bought 470,623 shares of Duolingo in Q2—about $192.97 million—giving it roughly 1.04% ownership of the company.
• Company insiders have been net sellers recently (including CFO Matthew Skaruppa and co‑founder Severin Hacker); insiders sold 86,452 shares worth about $21.42 million over the last 90 days, and now own 15.67% of the stock.
• Duolingo reported a blowout quarter with $5.95 EPS versus $0.72 expected and revenue of $271.7M (up 41.1% year‑over‑year), while analysts' consensus is a Hold with an average price target of $340.53.

Norges Bank acquired a new position in shares of Duolingo, Inc. (NASDAQ:DUOL - Free Report) during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor acquired 470,623 shares of the company's stock, valued at approximately $192,965,000. Norges Bank owned 1.04% of Duolingo at the end of the most recent reporting period.

Other large investors have also recently bought and sold shares of the company. Rise Advisors LLC grew its stake in shares of Duolingo by 43.6% during the 1st quarter. Rise Advisors LLC now owns 79 shares of the company's stock worth $25,000 after purchasing an additional 24 shares during the period. Summit Securities Group LLC acquired a new stake in Duolingo in the first quarter valued at $28,000. Brooklyn Investment Group boosted its position in shares of Duolingo by 4,750.0% in the 1st quarter. Brooklyn Investment Group now owns 97 shares of the company's stock worth $30,000 after buying an additional 95 shares in the last quarter. Kiker Wealth Management LLC acquired a new stake in Duolingo in the 2nd quarter valued at about $31,000. Finally, SouthState Corp increased its holdings in Duolingo by 1,018.2% during the 1st quarter. SouthState Corp now owns 123 shares of the company's stock valued at $38,000 after acquiring an additional 112 shares in the last quarter. Hedge funds and other institutional investors own 91.59% of the company's stock.

Insider Activity at Duolingo

In related news, CFO Matthew Skaruppa sold 3,059 shares of the stock in a transaction dated Tuesday, November 18th. The stock was sold at an average price of $175.76, for a total transaction of $537,649.84. Following the transaction, the chief financial officer directly owned 37,487 shares in the company, valued at approximately $6,588,715.12. This represents a 7.54% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, insider Severin Hacker sold 10,000 shares of Duolingo stock in a transaction dated Friday, September 19th. The shares were sold at an average price of $288.94, for a total value of $2,889,400.00. Following the completion of the sale, the insider owned 72 shares of the company's stock, valued at $20,803.68. This trade represents a 99.29% decrease in their position. The SEC filing for this sale provides additional information. Over the last ninety days, insiders sold 86,452 shares of company stock worth $21,421,632. 15.67% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

DUOL has been the subject of a number of research reports. Weiss Ratings restated a "hold (c+)" rating on shares of Duolingo in a research report on Tuesday, November 25th. Barclays dropped their price objective on shares of Duolingo from $390.00 to $230.00 and set an "equal weight" rating for the company in a research note on Thursday, November 6th. JPMorgan Chase & Co. reduced their target price on Duolingo from $465.00 to $300.00 and set an "overweight" rating on the stock in a research note on Thursday, November 6th. Raymond James Financial reiterated a "market perform" rating on shares of Duolingo in a report on Tuesday, August 26th. Finally, DA Davidson cut their price target on Duolingo from $300.00 to $220.00 and set a "neutral" rating for the company in a report on Thursday, November 6th. Ten analysts have rated the stock with a Buy rating, twelve have issued a Hold rating and one has given a Sell rating to the company's stock. Based on data from MarketBeat, the stock currently has an average rating of "Hold" and a consensus price target of $340.53.

Duolingo Stock Performance

Shares of DUOL opened at $185.37 on Tuesday. Duolingo, Inc. has a 1 year low of $166.27 and a 1 year high of $544.93. The company's 50 day simple moving average is $264.15 and its 200 day simple moving average is $345.27. The company has a market capitalization of $8.57 billion, a price-to-earnings ratio of 23.49, a PEG ratio of 1.21 and a beta of 0.83. The company has a debt-to-equity ratio of 0.07, a quick ratio of 2.82 and a current ratio of 2.82.

Duolingo (NASDAQ:DUOL - Get Free Report) last issued its quarterly earnings results on Wednesday, November 5th. The company reported $5.95 earnings per share for the quarter, beating the consensus estimate of $0.72 by $5.23. Duolingo had a return on equity of 14.02% and a net margin of 40.03%.The company had revenue of $271.71 million during the quarter, compared to the consensus estimate of $260.14 million. During the same period in the previous year, the firm posted $0.49 EPS. Duolingo's revenue was up 41.1% on a year-over-year basis. Duolingo has set its Q4 2025 guidance at EPS. FY 2025 guidance at EPS. On average, sell-side analysts predict that Duolingo, Inc. will post 2.03 EPS for the current year.

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.

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