Graham Capital Management L.P. Raises Position in Duolingo, Inc. (NASDAQ:DUOL)

Graham Capital Management L.P. grew its stake in shares of Duolingo, Inc. (NASDAQ:DUOL - Free Report) by 47.2% in the fourth quarter, according to its most recent filing with the SEC. The institutional investor owned 34,349 shares of the company's stock after purchasing an additional 11,022 shares during the period. Graham Capital Management L.P. owned about 0.08% of Duolingo worth $11,137,000 as of its most recent filing with the SEC.

Other institutional investors also recently modified their holdings of the company. Quarry LP grew its holdings in shares of Duolingo by 250.0% in the fourth quarter. Quarry LP now owns 91 shares of the company's stock valued at $30,000 after acquiring an additional 65 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. bought a new position in shares of Duolingo in the fourth quarter valued at approximately $31,000. Harvest Fund Management Co. Ltd grew its holdings in shares of Duolingo by 5,050.0% in the fourth quarter. Harvest Fund Management Co. Ltd now owns 103 shares of the company's stock valued at $33,000 after acquiring an additional 101 shares in the last quarter. Global Retirement Partners LLC grew its holdings in shares of Duolingo by 1,255.6% in the fourth quarter. Global Retirement Partners LLC now owns 122 shares of the company's stock valued at $40,000 after acquiring an additional 113 shares in the last quarter. Finally, Smithfield Trust Co grew its holdings in shares of Duolingo by 41.8% in the fourth quarter. Smithfield Trust Co now owns 156 shares of the company's stock valued at $51,000 after acquiring an additional 46 shares in the last quarter. 91.59% of the stock is owned by institutional investors.

Duolingo Stock Performance

Shares of Duolingo stock traded up $5.08 during trading hours on Monday, reaching $517.83. The company had a trading volume of 949,420 shares, compared to its average volume of 724,467. Duolingo, Inc. has a one year low of $145.05 and a one year high of $533.26. The business has a fifty day simple moving average of $347.48 and a 200 day simple moving average of $346.32. The company has a debt-to-equity ratio of 0.07, a current ratio of 3.09 and a quick ratio of 3.09. The firm has a market cap of $23.54 billion, a PE ratio of 282.97 and a beta of 0.88.

Duolingo (NASDAQ:DUOL - Get Free Report) last posted its quarterly earnings results on Thursday, May 1st. The company reported $0.72 EPS for the quarter, topping analysts' consensus estimates 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 during the quarter, compared to analyst estimates of $223.15 million. Duolingo's revenue was up 37.6% compared to the same quarter last year. On average, analysts anticipate that Duolingo, Inc. will post 2.03 earnings per share for the current fiscal year.

Insider Transactions at Duolingo

In related news, insider Severin Hacker sold 10,000 shares of the stock in a transaction 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 sale, the insider now owns 72 shares in the company, valued at approximately $35,708.40. This trade represents a 99.29% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, insider Robert Meese sold 5,000 shares of the stock in a transaction 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 sale, the insider now owns 118,805 shares in the company, valued at $46,927,975. This trade represents a 4.04% decrease in their position. The disclosure for this sale can be found here. Insiders sold 109,868 shares of company stock valued at $38,594,200 over the last three months. Company insiders own 15.67% of the company's stock.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on DUOL shares. The Goldman Sachs Group upped their target price on Duolingo from $340.00 to $403.00 and gave the company a "neutral" rating in a report on Monday, May 5th. JPMorgan Chase & Co. upped their target price on Duolingo from $360.00 to $500.00 and gave the company an "overweight" rating in a report on Friday, May 2nd. Evercore ISI increased their price objective on Duolingo from $400.00 to $480.00 and gave the company an "outperform" rating in a report on Friday, May 2nd. JMP Securities reissued a "market perform" rating on shares of Duolingo in a report on Friday, February 14th. Finally, Citizens Jmp raised Duolingo from a "market perform" rating to an "outperform" rating and set a $400.00 price objective for the company in a report on Tuesday, March 18th. Seven equities research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. According to data from MarketBeat, the stock 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.