74,511 Shares in Duolingo, Inc. (NASDAQ:DUOL) Acquired by Twinbeech Capital LP

Twinbeech Capital LP acquired a new stake in Duolingo, Inc. (NASDAQ:DUOL - Free Report) in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor acquired 74,511 shares of the company's stock, valued at approximately $24,159,000. Twinbeech Capital LP owned 0.17% of Duolingo at the end of the most recent reporting period.

A number of other institutional investors have also recently bought and sold shares of the business. Kensington Investment Counsel LLC lifted its position in shares of Duolingo by 0.5% during the 4th quarter. Kensington Investment Counsel LLC now owns 5,633 shares of the company's stock valued at $1,826,000 after buying an additional 30 shares during the last quarter. Lido Advisors LLC lifted its position in shares of Duolingo by 0.3% during the 4th quarter. Lido Advisors LLC now owns 10,104 shares of the company's stock valued at $3,276,000 after buying an additional 30 shares during the last quarter. Atria Investments Inc lifted its position in shares of Duolingo by 3.9% during the 4th quarter. Atria Investments Inc now owns 1,029 shares of the company's stock valued at $334,000 after buying an additional 39 shares during the last quarter. Lisanti Capital Growth LLC lifted its position in shares of Duolingo by 0.3% during the 4th quarter. Lisanti Capital Growth LLC now owns 11,685 shares of the company's stock valued at $3,789,000 after buying an additional 40 shares during the last quarter. Finally, Fifth Third Bancorp lifted its position in shares of Duolingo by 19.3% during the 4th quarter. Fifth Third Bancorp now owns 260 shares of the company's stock valued at $84,000 after buying an additional 42 shares during the last quarter. Institutional investors own 91.59% of the company's stock.

Duolingo Price Performance

Shares of NASDAQ:DUOL traded up $2.41 on Friday, hitting $520.21. The company's stock had a trading volume of 459,404 shares, compared to its average volume of 714,116. The company has a 50-day simple moving average of $391.07 and a 200 day simple moving average of $359.92. Duolingo, Inc. has a 1 year low of $145.05 and a 1 year high of $544.93. The company has a market capitalization of $23.65 billion, a PE ratio of 284.27 and a beta of 0.88. The company has a debt-to-equity ratio of 0.07, a current ratio of 3.09 and a quick ratio of 3.09.

Duolingo (NASDAQ:DUOL - Get Free Report) last released its quarterly 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. Duolingo had a return on equity of 11.74% and a net margin of 12.59%. The firm had revenue of $230.74 million for the quarter, compared to analysts' expectations of $223.15 million. The business's revenue was up 37.6% on a year-over-year basis. Sell-side analysts forecast that Duolingo, Inc. will post 2.03 EPS for the current fiscal year.

Insider Buying and Selling at Duolingo

In related news, insider Natalie Glance sold 3,482 shares of the stock in a transaction on Tuesday, April 1st. The shares were sold at an average price of $319.59, for a total transaction of $1,112,812.38. Following the transaction, the insider now owns 127,251 shares of the company's stock, valued at approximately $40,668,147.09. This trade represents a 2.66% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Severin Hacker sold 10,000 shares of Duolingo stock in a transaction on Wednesday, March 19th. The stock was sold at an average price of $298.25, for a total transaction of $2,982,500.00. Following the completion of the transaction, the insider now owns 72 shares in the company, valued at approximately $21,474. The trade was a 99.29% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 93,853 shares of company stock valued at $31,627,441 in the last 90 days. Corporate insiders own 15.67% of the company's stock.

Analyst Upgrades and Downgrades

DUOL has been the topic of a number of recent research reports. JMP Securities reaffirmed a "market perform" rating on shares of Duolingo in a research report on Friday, February 14th. Evercore ISI upped their price target on Duolingo from $400.00 to $480.00 and gave the company an "outperform" rating in a research report on Friday, May 2nd. Citizens Jmp raised Duolingo from a "market perform" rating to an "outperform" rating and set a $400.00 price objective on the stock in a report on Tuesday, March 18th. Needham & Company LLC increased their price objective on Duolingo from $400.00 to $460.00 and gave the stock a "buy" rating in a report on Friday, May 2nd. Finally, Barclays increased their price objective on Duolingo from $330.00 to $375.00 and gave the stock an "equal weight" rating in a report on Friday, May 2nd. Seven analysts have rated the stock with a hold rating and nine have issued a buy rating to the company's stock. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus target price of $426.29.

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.