Price T Rowe Associates Inc. MD Lowers Stake in Duolingo, Inc. $DUOL

Key Points

• Price T Rowe Associates Inc. MD reduced its holdings in Duolingo, Inc. by 11.2%, selling 149,398 shares and owning about 2.62% of the company, which is valued at $369,662,000.
• Duolingo's stock is currently down 4.0%, with its share price opening at $331.87 and a market cap of $15.21 billion.
• The company recently reported $0.91 earnings per share for the last quarter, exceeding analysts' expectations by $0.36, and demonstrated a 41.5% year-over-year revenue growth.

Price T Rowe Associates Inc. MD decreased its stake in shares of Duolingo, Inc. (NASDAQ:DUOL - Free Report) by 11.2% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 1,190,382 shares of the company's stock after selling 149,398 shares during the quarter. Price T Rowe Associates Inc. MD owned approximately 2.62% of Duolingo worth $369,662,000 as of its most recent SEC filing.

A number of other hedge funds also recently bought and sold shares of DUOL. Lido Advisors LLC grew its position in shares of Duolingo by 0.3% during the fourth quarter. Lido Advisors LLC now owns 10,104 shares of the company's stock worth $3,276,000 after buying an additional 30 shares in the last quarter. Crossmark Global Holdings Inc. lifted its stake in Duolingo by 1.2% in the first quarter. Crossmark Global Holdings Inc. now owns 2,942 shares of the company's stock worth $914,000 after acquiring an additional 34 shares during the last quarter. Larson Financial Group LLC lifted its stake in Duolingo by 24.4% in the first quarter. Larson Financial Group LLC now owns 199 shares of the company's stock worth $62,000 after acquiring an additional 39 shares during the last quarter. Fifth Third Bancorp grew its holdings in Duolingo by 20.4% during the 1st quarter. Fifth Third Bancorp now owns 313 shares of the company's stock worth $97,000 after acquiring an additional 53 shares in the last quarter. Finally, Signaturefd LLC increased its position in shares of Duolingo by 90.1% in the 1st quarter. Signaturefd LLC now owns 135 shares of the company's stock valued at $42,000 after purchasing an additional 64 shares during the last quarter. Institutional investors and hedge funds own 91.59% of the company's stock.

Insider Activity

In related news, General Counsel Stephen C. Chen sold 1,282 shares of Duolingo stock in a transaction on Friday, August 15th. The shares were sold at an average price of $329.03, for a total transaction of $421,816.46. Following the sale, the general counsel directly owned 34,153 shares in the company, valued at $11,237,361.59. This trade represents a 3.62% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Matthew Skaruppa sold 2,797 shares of the firm's stock in a transaction on Friday, August 15th. The stock was sold at an average price of $329.03, for a total transaction of $920,296.91. Following the transaction, the chief financial officer directly owned 52,904 shares in the company, valued at $17,407,003.12. The trade was a 5.02% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 68,056 shares of company stock worth $27,035,566 over the last three months. Company insiders own 18.30% of the company's stock.

Duolingo Stock Up 0.6%

NASDAQ:DUOL traded up $1.91 during midday trading on Wednesday, hitting $317.93. 1,200,515 shares of the company were exchanged, compared to its average volume of 1,055,073. The company has a fifty day simple moving average of $371.85 and a 200 day simple moving average of $389.95. Duolingo, Inc. has a fifty-two week low of $202.38 and a fifty-two 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. The company has a market capitalization of $14.57 billion, a PE ratio of 130.84, a price-to-earnings-growth ratio of 2.14 and a beta of 0.87.

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

Wall Street Analysts Forecast Growth

DUOL has been the subject of several recent analyst reports. Needham & Company LLC lifted their price objective on shares of Duolingo from $400.00 to $460.00 and gave the stock a "buy" rating in a research report on Friday, May 2nd. Scotiabank raised their price target on Duolingo from $405.00 to $470.00 and gave the company a "sector outperform" rating in a research note on Friday, May 2nd. Morgan Stanley lifted their price target on Duolingo from $480.00 to $500.00 and gave the stock an "overweight" rating in a report on Thursday, August 7th. JPMorgan Chase & Co. lifted their price target on Duolingo from $500.00 to $515.00 and gave the stock an "overweight" rating in a report on Thursday, August 7th. Finally, Evercore ISI lifted their price target on Duolingo from $400.00 to $480.00 and gave the stock an "outperform" rating in a report on Friday, May 2nd. Thirteen equities research analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the stock. According to MarketBeat, the company has an average rating of "Moderate Buy" and an average price target of $451.35.

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.