SG Americas Securities LLC Decreases Stock Holdings in Duolingo, Inc. (NASDAQ:DUOL)

SG Americas Securities LLC lowered its position in shares of Duolingo, Inc. (NASDAQ:DUOL - Free Report) by 67.7% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,081 shares of the company's stock after selling 2,264 shares during the period. SG Americas Securities LLC's holdings in Duolingo were worth $336,000 at the end of the most recent quarter.

Several other large investors have also recently bought and sold shares of DUOL. Contravisory Investment Management Inc. purchased a new position in shares of Duolingo in the 1st quarter valued at about $25,000. Quarry LP boosted its holdings in Duolingo by 250.0% in the fourth quarter. Quarry LP now owns 91 shares of the company's stock valued at $30,000 after purchasing an additional 65 shares in the last quarter. Harvest Fund Management Co. Ltd lifted its position in shares of Duolingo by 5,050.0% during the 4th quarter. Harvest Fund Management Co. Ltd now owns 103 shares of the company's stock worth $33,000 after buying an additional 101 shares during the last quarter. Versant Capital Management Inc boosted its holdings in shares of Duolingo by 323.1% in the 1st quarter. Versant Capital Management Inc now owns 110 shares of the company's stock valued at $34,000 after buying an additional 84 shares in the last quarter. Finally, Global Retirement Partners LLC boosted its holdings in shares of Duolingo by 1,255.6% in the 4th quarter. Global Retirement Partners LLC now owns 122 shares of the company's stock valued at $40,000 after buying an additional 113 shares in the last quarter. Hedge funds and other institutional investors own 91.59% of the company's stock.

Insider Activity at Duolingo

In other news, insider Severin Hacker sold 10,000 shares of the company's stock in a transaction dated Thursday, June 5th. The shares were sold at an average price of $525.10, for a total transaction of $5,251,000.00. Following the completion of the transaction, the insider now owns 72 shares of the company's stock, valued at $37,807.20. This represents a 99.29% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, insider Natalie Glance sold 3,482 shares of the firm's stock in a transaction that occurred on Tuesday, April 1st. The stock was sold at an average price of $319.59, for a total transaction of $1,112,812.38. Following the completion of the sale, the insider now directly owns 127,251 shares in the company, valued at $40,668,147.09. This represents a 2.66% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 76,482 shares of company stock worth $30,373,992. 15.67% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

DUOL has been the subject of a number of research reports. Evercore ISI boosted their price target on shares of Duolingo from $400.00 to $480.00 and gave the company an "outperform" rating in a research report on Friday, May 2nd. Argus assumed coverage on Duolingo in a research note on Wednesday. They set a "buy" rating and a $575.00 price target on the stock. JPMorgan Chase & Co. boosted their price objective on Duolingo from $500.00 to $580.00 and gave the company an "overweight" rating in a research note on Wednesday, June 4th. Morgan Stanley upped their target price on shares of Duolingo from $435.00 to $515.00 and gave the company an "overweight" rating in a report on Monday, May 5th. Finally, Citizens Jmp upgraded Duolingo from a "market perform" rating to an "outperform" rating and set a $400.00 price target for the company in a research note on Tuesday, March 18th. Seven research analysts have rated the stock with a hold rating and ten have given a buy rating to the company's stock. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus target price of $443.53.

Duolingo Trading Down 5.9%

NASDAQ:DUOL opened at $397.68 on Thursday. Duolingo, Inc. has a 52-week low of $145.05 and a 52-week high of $544.93. The company has a quick ratio of 2.68, a current ratio of 2.68 and a debt-to-equity ratio of 0.06. The stock has a fifty day simple moving average of $469.71 and a 200-day simple moving average of $384.08. The company has a market capitalization of $18.07 billion, a PE ratio of 195.90, a price-to-earnings-growth ratio of 3.24 and a beta of 1.00.

Duolingo (NASDAQ:DUOL - Get Free Report) last posted its earnings results on Thursday, May 1st. The company reported $0.72 earnings per share for the quarter, beating the consensus estimate of $0.52 by $0.20. The firm had revenue of $230.74 million during the quarter, compared to the consensus estimate of $223.15 million. Duolingo had a net margin of 11.93% and a return on equity of 11.70%. Duolingo's revenue for the quarter was up 37.6% compared to the same quarter last year. On average, equities research analysts expect that Duolingo, Inc. will post 2.03 earnings per share for the current fiscal 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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