Whale Rock Capital Management LLC Sells 189,027 Shares of Duolingo, Inc. (NASDAQ:DUOL)

Whale Rock Capital Management LLC trimmed its position in shares of Duolingo, Inc. (NASDAQ:DUOL - Free Report) by 13.8% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 1,179,755 shares of the company's stock after selling 189,027 shares during the period. Duolingo makes up approximately 4.5% of Whale Rock Capital Management LLC's investment portfolio, making the stock its 7th largest position. Whale Rock Capital Management LLC owned about 2.68% of Duolingo worth $382,512,000 at the end of the most recent reporting period.

A number of other large investors have also recently bought and sold shares of the company. Kensington Investment Counsel LLC grew its stake in Duolingo by 0.5% during the fourth quarter. Kensington Investment Counsel LLC now owns 5,633 shares of the company's stock worth $1,826,000 after buying an additional 30 shares in the last quarter. Lido Advisors LLC grew its stake in 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. Atria Investments Inc boosted its stake in shares of Duolingo by 3.9% in the 4th quarter. Atria Investments Inc now owns 1,029 shares of the company's stock valued at $334,000 after purchasing an additional 39 shares in the last quarter. Lisanti Capital Growth LLC boosted its stake in shares of Duolingo by 0.3% in the 4th quarter. Lisanti Capital Growth LLC now owns 11,685 shares of the company's stock valued at $3,789,000 after purchasing an additional 40 shares in the last quarter. Finally, Fifth Third Bancorp boosted its stake in shares of Duolingo by 19.3% in the 4th quarter. Fifth Third Bancorp now owns 260 shares of the company's stock valued at $84,000 after purchasing an additional 42 shares in the last quarter. 91.59% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Duolingo

In other news, CEO Ahn Luis Von sold 8,000 shares of the firm's stock in a transaction that occurred on Monday, March 17th. The shares were sold at an average price of $293.80, for a total transaction of $2,350,400.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. 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 sale, the insider now directly 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 disclosure for this sale can be found here. Insiders sold a total of 93,853 shares of company stock valued at $31,627,441 in the last quarter. 15.67% of the stock is currently owned by company insiders.

Duolingo Stock Down 1.7%

Duolingo stock opened at $520.23 on Tuesday. 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, Inc. has a 52-week low of $145.05 and a 52-week high of $544.93. The firm has a 50 day moving average price of $372.29 and a two-hundred day moving average price of $354.58. The firm has a market cap of $23.65 billion, a price-to-earnings ratio of 284.28 and a beta of 0.88.

Duolingo (NASDAQ:DUOL - Get Free Report) last released its quarterly earnings results on Thursday, May 1st. The company reported $0.72 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.52 by $0.20. The firm had revenue of $230.74 million during the quarter, compared to analyst estimates of $223.15 million. Duolingo had a net margin of 12.59% and a return on equity of 11.74%. The business's revenue was up 37.6% on a year-over-year basis. Equities analysts predict that Duolingo, Inc. will post 2.03 EPS for the current year.

Analysts Set New Price Targets

A number of equities research analysts have recently weighed in on DUOL shares. Jefferies Financial Group started coverage on shares of Duolingo in a research note on Friday, January 24th. They issued a "hold" rating and a $370.00 price target on the stock. JPMorgan Chase & Co. raised their price target on shares of Duolingo from $360.00 to $500.00 and gave the company an "overweight" rating in a research note on Friday, May 2nd. Piper Sandler set a $375.00 price target on shares of Duolingo in a research note on Friday, May 2nd. Morgan Stanley raised their price target on shares of Duolingo from $435.00 to $515.00 and gave the company an "overweight" rating in a research note on Monday, May 5th. Finally, JMP Securities restated a "market perform" rating on shares of Duolingo in a research note on Friday, February 14th. Seven investment analysts have rated the stock with a hold rating and nine have given a buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus price target 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.

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