NWK Group Inc. Makes New $3.41 Million Investment in Duolingo, Inc. (NASDAQ:DUOL)

NWK Group Inc. bought a new stake in Duolingo, Inc. (NASDAQ:DUOL - Free Report) during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 10,501 shares of the company's stock, valued at approximately $3,405,000. Duolingo comprises 1.3% of NWK Group Inc.'s portfolio, making the stock its 26th biggest position.

Other institutional investors and hedge funds have also bought and sold shares of the company. FMR LLC raised its position in shares of Duolingo by 39.9% in the fourth quarter. FMR LLC now owns 3,726,561 shares of the company's stock valued at $1,208,263,000 after purchasing an additional 1,063,327 shares during the period. Norges Bank bought a new stake in shares of Duolingo during the 4th quarter valued at $152,296,000. Invesco Ltd. grew its holdings in shares of Duolingo by 53.5% during the 4th quarter. Invesco Ltd. now owns 1,085,066 shares of the company's stock worth $351,811,000 after purchasing an additional 378,225 shares in the last quarter. Marshall Wace LLP increased its position in shares of Duolingo by 36.6% in the fourth quarter. Marshall Wace LLP now owns 388,742 shares of the company's stock worth $126,042,000 after purchasing an additional 104,114 shares during the period. Finally, Federated Hermes Inc. lifted its position in Duolingo by 33.5% during the fourth quarter. Federated Hermes Inc. now owns 351,231 shares of the company's stock worth $113,880,000 after purchasing an additional 88,218 shares during the period. Institutional investors own 91.59% of the company's stock.

Insider Activity at Duolingo

In related news, General Counsel Stephen C. Chen sold 2,064 shares of the firm's stock in a transaction dated Tuesday, February 18th. The shares were sold at an average price of $435.12, for a total value of $898,087.68. Following the transaction, the general counsel now owns 34,634 shares of the company's stock, valued at approximately $15,069,946.08. This trade represents a 5.62 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Natalie Glance sold 2,667 shares of Duolingo stock in a transaction that occurred on Tuesday, February 18th. The shares were sold at an average price of $435.28, for a total value of $1,160,891.76. Following the transaction, the insider now directly owns 129,572 shares in the company, valued at approximately $56,400,100.16. The trade was a 2.02 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 94,868 shares of company stock worth $31,897,800 in the last quarter. Company insiders own 18.30% of the company's stock.

Duolingo Trading Up 2.1 %

Shares of NASDAQ:DUOL traded up $7.75 during trading on Thursday, reaching $377.75. The stock had a trading volume of 484,074 shares, compared to its average volume of 713,644. Duolingo, Inc. has a 52 week low of $145.05 and a 52 week high of $441.77. The company has a debt-to-equity ratio of 0.07, a quick ratio of 3.09 and a current ratio of 3.09. The firm's fifty day moving average is $328.05 and its 200 day moving average is $331.07. The stock has a market cap of $17.09 billion, a price-to-earnings ratio of 206.38 and a beta of 0.91.

Duolingo (NASDAQ:DUOL - Get Free Report) last issued its quarterly earnings results on Thursday, February 27th. The company reported $0.31 earnings per share for the quarter, missing analysts' consensus estimates of $0.50 by ($0.19). Duolingo had a return on equity of 11.74% and a net margin of 12.59%. The business had revenue of $209.55 million for the quarter, compared to analyst estimates of $205.49 million. As a group, equities analysts forecast that Duolingo, Inc. will post 2.03 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several research firms have commented on DUOL. Scotiabank decreased their target price on shares of Duolingo from $425.00 to $405.00 and set a "sector outperform" rating on the stock in a report on Wednesday. JPMorgan Chase & Co. lowered their price objective on shares of Duolingo from $410.00 to $360.00 and set an "overweight" rating for the company in a research report on Tuesday, April 8th. Piper Sandler raised their target price on Duolingo from $351.00 to $390.00 and gave the company an "overweight" rating in a report on Friday, February 28th. Jefferies Financial Group began coverage on Duolingo in a research note on Friday, January 24th. They issued a "hold" rating and a $370.00 price target on the stock. Finally, JMP Securities restated a "market perform" rating on shares of Duolingo in a research report on Friday, February 14th. Seven equities research analysts have rated the stock with a hold rating, eight have given a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $376.15.

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.