Duolingo, Inc. $DUOL Shares Sold by Northwest & Ethical Investments L.P.

Key Points

• Northwest & Ethical Investments L.P. reduced its stake in Duolingo by 15.3%, ending the first quarter with a position valued at $1.51 million.
• Duolingo stock has seen an increase of 12.9% and analysts have a consensus rating of "Moderate Buy" with a target price averaging $451.35.
• Insider trading reports reveal that CFO Matthew Skaruppa sold 2,797 shares of Duolingo stock, part of significant insider selling totaling over $23.5 million in the past ninety days.

Northwest & Ethical Investments L.P. decreased its holdings in shares of Duolingo, Inc. (NASDAQ:DUOL - Free Report) by 15.3% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 4,862 shares of the company's stock after selling 878 shares during the quarter. Northwest & Ethical Investments L.P.'s holdings in Duolingo were worth $1,510,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also made changes to their positions in DUOL. T. Rowe Price Investment Management Inc. lifted its holdings in shares of Duolingo by 548.8% during the 4th quarter. T. Rowe Price Investment Management Inc. now owns 470,834 shares of the company's stock valued at $152,659,000 after acquiring an additional 398,259 shares in the last quarter. Invesco Ltd. lifted its holdings in shares of Duolingo by 24.1% during the 1st quarter. Invesco Ltd. now owns 1,346,278 shares of the company's stock valued at $418,073,000 after acquiring an additional 261,212 shares in the last quarter. GAMMA Investing LLC lifted its holdings in shares of Duolingo by 41,959.1% during the 1st quarter. GAMMA Investing LLC now owns 239,737 shares of the company's stock valued at $74,448,000 after acquiring an additional 239,167 shares in the last quarter. Nuveen LLC acquired a new position in shares of Duolingo during the 1st quarter valued at $42,950,000. Finally, Voloridge Investment Management LLC lifted its holdings in shares of Duolingo by 270.3% during the 4th quarter. Voloridge Investment Management LLC now owns 146,674 shares of the company's stock valued at $47,556,000 after acquiring an additional 107,063 shares in 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, General Counsel Stephen C. Chen sold 1,282 shares of the company's stock in a transaction dated Friday, August 15th. The shares were sold at an average price of $329.03, for a total value of $421,816.46. Following the completion of the transaction, the general counsel owned 34,153 shares in the company, valued at approximately $11,237,361.59. This represents a 3.62% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider Robert Meese sold 1,444 shares of the company's stock in a transaction dated Friday, August 15th. The stock was sold at an average price of $329.03, for a total transaction of $475,119.32. Following the completion of the transaction, the insider owned 120,080 shares of the company's stock, valued at approximately $39,509,922.40. This trade represents a 1.19% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 68,056 shares of company stock worth $27,035,566. 15.67% of the stock is owned by company insiders.

Duolingo Stock Down 4.0%

Shares of DUOL stock traded down $13.65 during trading hours on Friday, hitting $331.87. 1,957,429 shares of the company were exchanged, compared to its average volume of 2,115,386. The company has a debt-to-equity ratio of 0.10, a quick ratio of 2.81 and a current ratio of 2.81. Duolingo, Inc. has a one year low of $202.38 and a one year high of $544.93. The business's 50-day simple moving average is $378.13 and its two-hundred day simple moving average is $390.97. The stock has a market capitalization of $15.21 billion, a price-to-earnings ratio of 136.57, a P/E/G ratio of 2.30 and a beta of 0.87.

Duolingo (NASDAQ:DUOL - Get Free Report) last announced its quarterly earnings data on Wednesday, August 6th. The company reported $0.91 earnings per share for the quarter, beating analysts' consensus estimates of $0.55 by $0.36. Duolingo had a net margin of 13.24% and a return on equity of 13.32%. The business had revenue of $252.27 million during the quarter, compared to the consensus estimate of $240.84 million. During the same quarter in the prior year, the firm earned $0.51 EPS. The company's revenue for the quarter was up 41.5% compared to the same quarter last year. Sell-side analysts predict that Duolingo, Inc. will post 2.03 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several equities analysts recently weighed in on DUOL shares. Morgan Stanley lifted their target price on shares of Duolingo from $480.00 to $500.00 and gave the company an "overweight" rating in a report on Thursday, August 7th. KeyCorp upgraded shares of Duolingo from a "sector weight" rating to an "overweight" rating and set a $460.00 price objective on the stock in a report on Monday, August 18th. JMP Securities cut their price objective on shares of Duolingo from $475.00 to $450.00 and set a "market outperform" rating on the stock in a report on Monday, July 28th. Evercore ISI boosted their price objective on shares of Duolingo from $400.00 to $480.00 and gave the stock an "outperform" rating in a report on Friday, May 2nd. Finally, Argus started coverage on shares of Duolingo in a report on Wednesday, June 25th. They issued a "buy" rating and a $575.00 price objective on the stock. Thirteen investment analysts have rated the stock with a Buy rating and five have given a Hold rating to the company. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average target price of $451.35.

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.