Silvant Capital Management LLC Invests $1.95 Million in Duolingo, Inc. $DUOL

Key Points

• Silvant Capital Management LLC invested approximately $1.95 million in Duolingo, acquiring 6,265 shares during the first quarter, highlighting growing institutional interest in the company.
• Duolingo's stock recently suffered a 1.7% decline and is valued at $316.02, with a market cap of $14.48 billion and a P/E ratio of 130.05.
• In its latest earnings report, Duolingo exceeded expectations with $0.91 EPS and revenue of $252.27 million, reflecting a yearly revenue increase of 41.5%.

Silvant Capital Management LLC bought a new position in shares of Duolingo, Inc. (NASDAQ:DUOL - Free Report) during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 6,265 shares of the company's stock, valued at approximately $1,946,000.

Other hedge funds and other institutional investors have also modified their holdings of the company. Contravisory Investment Management Inc. purchased a new stake in shares of Duolingo during the first quarter worth about $25,000. Summit Securities Group LLC purchased a new stake in shares of Duolingo during the first quarter worth about $28,000. Quarry LP increased its position in shares of Duolingo by 250.0% during the fourth quarter. Quarry LP now owns 91 shares of the company's stock worth $30,000 after acquiring an additional 65 shares during the last quarter. Brooklyn Investment Group increased its position in shares of Duolingo by 4,750.0% during the first quarter. Brooklyn Investment Group now owns 97 shares of the company's stock worth $30,000 after acquiring an additional 95 shares during the last quarter. Finally, Garde Capital Inc. purchased a new stake in shares of Duolingo during the first quarter worth about $31,000. 91.59% of the stock is owned by hedge funds and other institutional investors.

Duolingo Stock Down 1.7%

Shares of Duolingo stock opened at $316.02 on Wednesday. The company has a quick ratio of 2.81, a current ratio of 2.81 and a debt-to-equity ratio of 0.10. The firm has a market cap of $14.48 billion, a P/E ratio of 130.05, a P/E/G ratio of 2.14 and a beta of 0.87. Duolingo, Inc. has a fifty-two week low of $202.38 and a fifty-two week high of $544.93. The business has a 50-day moving average price of $371.85 and a 200 day moving average price of $389.95.

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

Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on DUOL shares. Scotiabank lifted their target price on Duolingo from $405.00 to $470.00 and gave the stock a "sector outperform" rating in a research report on Friday, May 2nd. JPMorgan Chase & Co. lifted their target price on Duolingo from $500.00 to $515.00 and gave the stock an "overweight" rating in a research report on Thursday, August 7th. JMP Securities lowered their price objective on Duolingo from $475.00 to $450.00 and set a "market outperform" rating for the company in a report on Monday, July 28th. Citizens Jmp lowered their price objective on Duolingo from $475.00 to $450.00 and set a "mkt outperform" rating for the company in a report on Monday, July 28th. Finally, Citigroup began coverage on Duolingo in a report on Monday, August 18th. They issued a "buy" rating and a $400.00 price objective for the company. Thirteen investment analysts have rated the stock with a Buy rating and six have given a Hold rating to the company's stock. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $451.35.

Insider Activity at Duolingo

In other news, insider Natalie Glance sold 2,533 shares of the company's stock in a transaction that occurred on Friday, August 15th. The stock was sold at an average price of $329.03, for a total transaction of $833,432.99. Following the completion of the transaction, the insider directly owned 122,112 shares of the company's stock, valued at approximately $40,178,511.36. This represents a 2.03% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Robert Meese sold 1,444 shares of the business's stock in a transaction that occurred on Friday, August 15th. The stock was sold at an average price of $329.03, for a total value of $475,119.32. Following the transaction, the insider owned 120,080 shares of the company's stock, valued at approximately $39,509,922.40. This represents a 1.19% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 68,056 shares of company stock valued at $27,035,566. 18.30% of the stock is owned by insiders.

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.

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