Twinbeech Capital LP Makes New $24.16 Million Investment in Duolingo, Inc. (NASDAQ:DUOL)

Twinbeech Capital LP bought a new stake in Duolingo, Inc. (NASDAQ:DUOL - Free Report) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 74,511 shares of the company's stock, valued at approximately $24,159,000. Twinbeech Capital LP owned about 0.17% of Duolingo at the end of the most recent quarter.

Other institutional investors have also recently added to or reduced their stakes in the company. Catalyst Capital Advisors LLC acquired a new position in Duolingo in the 4th quarter valued at about $1,994,000. Taika Capital LP acquired a new position in Duolingo in the 4th quarter valued at about $2,697,000. BNP Paribas Financial Markets acquired a new position in Duolingo in the 4th quarter valued at about $9,708,000. Lecap Asset Management Ltd. acquired a new position in Duolingo in the 4th quarter valued at about $429,000. Finally, Bleakley Financial Group LLC raised its stake in Duolingo by 6.1% in the 4th quarter. Bleakley Financial Group LLC now owns 995 shares of the company's stock valued at $323,000 after purchasing an additional 57 shares during the last quarter. Institutional investors and hedge funds own 91.59% of the company's stock.

Wall Street Analyst Weigh In

Several research analysts recently weighed in on DUOL shares. Scotiabank boosted their target price on shares of Duolingo from $405.00 to $470.00 and gave the company a "sector outperform" rating in a research note on Friday, May 2nd. The Goldman Sachs Group boosted their target price on shares of Duolingo from $340.00 to $403.00 and gave the company a "neutral" rating in a research note on Monday, May 5th. JMP Securities reaffirmed a "market perform" rating on shares of Duolingo in a research note on Friday, February 14th. Citizens Jmp upgraded shares of 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. Finally, Barclays increased their price objective on shares of 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 MarketBeat, Duolingo currently has an average rating of "Moderate Buy" and an average price target of $426.29.

Insider Buying and Selling

In other Duolingo news, insider Severin Hacker sold 10,000 shares of the company's stock in a transaction that occurred on Monday, May 5th. The stock was sold at an average price of $495.95, for a total value of $4,959,500.00. Following the completion of the transaction, the insider now owns 72 shares in the company, valued at $35,708.40. This represents a 99.29% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Robert Meese sold 5,000 shares of the company's stock in a transaction that occurred on Tuesday, April 29th. The stock was sold at an average price of $395.00, for a total value of $1,975,000.00. Following the completion of the transaction, the insider now owns 118,805 shares of the company's stock, valued at approximately $46,927,975. This represents a 4.04% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 93,853 shares of company stock valued at $31,627,441. 15.67% of the stock is currently owned by corporate insiders.

Duolingo Trading Down 2.2%

DUOL traded down $11.43 on Wednesday, reaching $514.30. 840,801 shares of the company's stock were exchanged, compared to its average volume of 717,100. The company's 50 day moving average is $381.97 and its 200-day moving average is $356.86. The company has a market cap of $23.38 billion, a price-to-earnings ratio of 281.04 and a beta of 0.88. Duolingo, Inc. has a twelve month low of $145.05 and a twelve month high of $544.93. The company has a debt-to-equity ratio of 0.07, a quick ratio of 3.09 and a current ratio of 3.09.

Duolingo (NASDAQ:DUOL - Get Free Report) last posted its earnings results on Thursday, May 1st. The company reported $0.72 earnings per share (EPS) for the quarter, topping analysts' consensus estimates 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 12.59% and a return on equity of 11.74%. The company's revenue for the quarter was up 37.6% on a year-over-year basis. Equities analysts predict that Duolingo, Inc. will post 2.03 earnings per share for the current 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.