PDT Partners LLC Grows Stock Position in Duolingo, Inc. $DUOL

Key Points

• PDT Partners LLC raised its stake in Duolingo, Inc. by 75.6% in Q1, bringing its total holdings to 19,500 shares worth approximately $6.06 million.
• Insider trading activity includes sales from General Counsel Stephen C. Chen and CFO Matthew Skaruppa, decreasing their positions by 4.44% and 20.15% respectively.
• Thirteen investment analysts have rated Duolingo stock as a "Buy," indicating strong confidence in the company, while the consensus target price has been set at $451.35.

PDT Partners LLC raised its position in Duolingo, Inc. (NASDAQ:DUOL - Free Report) by 75.6% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 19,500 shares of the company's stock after purchasing an additional 8,398 shares during the quarter. PDT Partners LLC's holdings in Duolingo were worth $6,056,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of the company. Focus Partners Advisor Solutions LLC raised its position in shares of Duolingo by 59.2% in the 1st quarter. Focus Partners Advisor Solutions LLC now owns 1,469 shares of the company's stock worth $456,000 after acquiring an additional 546 shares in the last quarter. Panagora Asset Management Inc. acquired a new stake in Duolingo during the first quarter worth approximately $10,347,000. Stony Point Capital LLC acquired a new stake in Duolingo during the first quarter worth approximately $5,559,000. Vident Advisory LLC increased its holdings in Duolingo by 4.9% in the first quarter. Vident Advisory LLC now owns 2,344 shares of the company's stock worth $728,000 after purchasing an additional 110 shares in the last quarter. Finally, State of Wyoming acquired a new position in Duolingo in the first quarter valued at approximately $42,000. 91.59% of the stock is currently owned by institutional investors.

Duolingo Stock Down 3.5%

Shares of DUOL stock traded down $9.82 during trading hours on Thursday, reaching $272.70. The company had a trading volume of 2,468,798 shares, compared to its average volume of 1,075,335. Duolingo, Inc. has a 12 month low of $204.00 and a 12 month high of $544.93. The company has a debt-to-equity ratio of 0.10, a current ratio of 2.81 and a quick ratio of 2.81. The business has a fifty day simple moving average of $354.07 and a 200-day simple moving average of $385.63. The company has a market cap of $12.50 billion, a price-to-earnings ratio of 112.22, a price-to-earnings-growth ratio of 1.99 and a beta of 0.85.

Duolingo (NASDAQ:DUOL - Get Free Report) last posted its earnings results 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 return on equity of 13.32% and a net margin of 13.24%.The company had revenue of $252.27 million for the quarter, compared to analyst estimates of $240.84 million. During the same quarter last year, the company earned $0.51 earnings per share. The company's revenue for the quarter was up 41.5% on a year-over-year basis. On average, research analysts expect that Duolingo, Inc. will post 2.03 earnings per share for the current fiscal year.

Insider Buying and Selling

In other Duolingo news, CFO Matthew Skaruppa sold 10,937 shares of Duolingo 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 transaction, the chief financial officer owned 43,345 shares of the company's stock, valued at $13,757,269.55. This trade represents a 20.15% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Severin Hacker sold 10,000 shares of the company's stock in a transaction that occurred on Tuesday, August 5th. The shares were sold at an average price of $344.41, for a total value of $3,444,100.00. Following the completion of the transaction, the insider directly owned 72 shares of the company's stock, valued at approximately $24,797.52. This represents a 99.29% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 70,508 shares of company stock valued at $25,742,721. 18.30% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

DUOL has been the topic of several research analyst reports. Citizens Jmp cut their target price on shares of Duolingo from $475.00 to $450.00 and set a "mkt outperform" rating on the stock in a research note on Monday, July 28th. Wall Street Zen downgraded shares of Duolingo from a "buy" rating to a "hold" rating in a research note on Saturday, August 30th. KeyCorp raised shares of Duolingo from a "sector weight" rating to an "overweight" rating and set a $460.00 price target for the company in a research note on Monday, August 18th. JPMorgan Chase & Co. lifted their price target on shares of Duolingo from $500.00 to $515.00 and gave the company an "overweight" rating in a research note on Thursday, August 7th. Finally, Raymond James Financial reiterated a "market perform" rating on shares of Duolingo in a report on Tuesday, August 26th. Twelve equities research analysts have rated the stock with a Buy rating and seven have given a Hold rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average price target of $439.59.

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.