Miura Global Management LLC Purchases New Shares in Duolingo, Inc. (NASDAQ:DUOL)

Miura Global Management LLC bought a new position in shares of Duolingo, Inc. (NASDAQ:DUOL - Free Report) during the 4th quarter, according to its most recent filing with the SEC. The institutional investor bought 8,000 shares of the company's stock, valued at approximately $2,594,000. Duolingo makes up 2.8% of Miura Global Management LLC's portfolio, making the stock its 11th largest position.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Catalyst Capital Advisors LLC bought a new position in Duolingo during the 4th quarter worth about $1,994,000. Taika Capital LP bought a new position in Duolingo during the 4th quarter worth about $2,697,000. Lecap Asset Management Ltd. purchased a new position in shares of Duolingo in the 4th quarter valued at approximately $429,000. BNP Paribas Financial Markets purchased a new position in shares of Duolingo in the 4th quarter valued at approximately $9,708,000. Finally, Bleakley Financial Group LLC raised its position in shares of 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. 91.59% of the stock is currently owned by institutional investors.

Insider Transactions at Duolingo

In other news, insider Severin Hacker sold 10,000 shares of the firm's stock in a transaction that occurred on Monday, May 5th. The shares were sold at an average price of $495.95, for a total transaction of $4,959,500.00. Following the sale, the insider now owns 72 shares of the company's stock, valued at $35,708.40. This trade represents a 99.29% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, General Counsel Stephen C. Chen sold 2,064 shares of Duolingo stock in a transaction on Tuesday, February 18th. The shares were sold at an average price of $435.12, for a total transaction of $898,087.68. Following the completion of the sale, the general counsel now directly owns 34,634 shares in the company, valued at $15,069,946.08. This represents a 5.62% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 109,868 shares of company stock valued at $38,594,200 in the last 90 days. 15.67% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

Several equities analysts recently commented on DUOL shares. Evercore ISI increased their price objective on shares of Duolingo from $400.00 to $480.00 and gave the company an "outperform" rating in a research report on Friday, May 2nd. DA Davidson increased their price objective on shares of Duolingo from $410.00 to $470.00 and gave the company a "buy" rating in a research report on Friday, May 2nd. Jefferies Financial Group started coverage on shares of Duolingo in a research report on Friday, January 24th. They issued a "hold" rating and a $370.00 price objective for the company. The Goldman Sachs Group increased their price objective on shares of Duolingo from $340.00 to $403.00 and gave the company a "neutral" rating in a research report on Monday, May 5th. Finally, Needham & Company LLC increased their price objective on shares of Duolingo from $400.00 to $460.00 and gave the company a "buy" rating in a research report on Friday, May 2nd. Seven investment analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company's stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $426.29.

Duolingo Stock Performance

Shares of NASDAQ DUOL traded down $1.47 during midday trading on Friday, reaching $529.05. 694,684 shares of the stock were exchanged, compared to its average volume of 716,777. The firm has a market cap of $24.05 billion, a price-to-earnings ratio of 289.10 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 firm has a 50-day simple moving average of $362.62 and a two-hundred day simple moving average of $350.60. The company has a quick ratio of 3.09, a current ratio of 3.09 and a debt-to-equity ratio of 0.07.

Duolingo (NASDAQ:DUOL - Get Free Report) last issued its quarterly earnings data on Thursday, May 1st. The company reported $0.72 EPS for the quarter, topping analysts' consensus estimates of $0.52 by $0.20. The business had revenue of $230.74 million for the quarter, compared to analysts' expectations 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% compared to the same quarter last year. As a group, analysts anticipate that Duolingo, Inc. will post 2.03 EPS for the current fiscal year.

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.