Scientech Research LLC Cuts Stake in Duolingo, Inc. (NASDAQ:DUOL)

Scientech Research LLC cut its holdings in shares of Duolingo, Inc. (NASDAQ:DUOL - Free Report) by 58.6% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 5,233 shares of the company's stock after selling 7,416 shares during the quarter. Duolingo accounts for approximately 0.5% of Scientech Research LLC's holdings, making the stock its 16th biggest holding. Scientech Research LLC's holdings in Duolingo were worth $1,697,000 at the end of the most recent quarter.

Other institutional investors have also added to or reduced their stakes in 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 worth $30,000 after purchasing an additional 65 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. bought a new stake in Duolingo in the 4th quarter worth $31,000. Harvest Fund Management Co. Ltd increased its position 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 during the period. Global Retirement Partners LLC raised its stake in shares of Duolingo by 1,255.6% during 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 during the last quarter. Finally, Smithfield Trust Co raised its stake in shares of Duolingo by 41.8% during 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 during the last quarter. 91.59% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at Duolingo

In other Duolingo news, insider Severin Hacker sold 10,000 shares of the firm's stock in a transaction dated Monday, May 5th. The stock was sold at an average price of $495.95, for a total transaction of $4,959,500.00. Following the sale, the insider now directly owns 72 shares of the company's stock, valued at $35,708.40. This trade represents a 99.29% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Ahn Luis Von sold 8,000 shares of the company's stock in a transaction that occurred on Monday, March 17th. The stock was sold at an average price of $293.80, for a total value of $2,350,400.00. The disclosure for this sale can be found here. Over the last three months, insiders have sold 93,853 shares of company stock worth $31,627,441. Corporate insiders own 15.67% of the company's stock.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on DUOL shares. Jefferies Financial Group initiated coverage on Duolingo in a research note on Friday, January 24th. They set a "hold" rating and a $370.00 target price on the stock. Needham & Company LLC upped their price objective on shares of Duolingo from $400.00 to $460.00 and gave the stock a "buy" rating in a report on Friday, May 2nd. UBS Group raised their target price on shares of Duolingo from $400.00 to $500.00 and gave the stock a "buy" rating in a research report on Friday, May 2nd. Scotiabank boosted their price target on shares of Duolingo from $405.00 to $470.00 and gave the company a "sector outperform" rating in a research report on Friday, May 2nd. Finally, Citizens Jmp raised shares of Duolingo from a "market perform" rating to an "outperform" rating and set a $400.00 price target for the company in a research note on Tuesday, March 18th. Seven analysts have rated the stock with a hold rating and nine have issued a buy rating to the company's stock. According to data from MarketBeat, Duolingo presently has an average rating of "Moderate Buy" and a consensus target price of $426.29.

Duolingo Stock Down 2.2%

Shares of DUOL traded down $11.43 during trading hours on Wednesday, hitting $514.30. The company had a trading volume of 840,801 shares, compared to its average volume of 718,258. Duolingo, Inc. has a 52-week low of $145.05 and a 52-week high of $544.93. The firm has a fifty day moving average price of $377.35 and a 200-day moving average price of $355.76. The stock has a market capitalization of $23.38 billion, a price-to-earnings ratio of 281.04 and a beta of 0.88. 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 released its quarterly earnings data on Thursday, May 1st. The company reported $0.72 EPS for the quarter, beating the consensus estimate of $0.52 by $0.20. Duolingo had a return on equity of 11.74% and a net margin of 12.59%. The company had revenue of $230.74 million for the quarter, compared to analysts' expectations of $223.15 million. The firm's revenue for the quarter was up 37.6% compared to the same quarter last year. On average, equities research analysts forecast that Duolingo, Inc. will post 2.03 EPS for the current fiscal 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.