State of Tennessee Department of Treasury Sells 952 Shares of Duolingo, Inc. (NASDAQ:DUOL)

State of Tennessee Department of Treasury lessened its holdings in Duolingo, Inc. (NASDAQ:DUOL - Free Report) by 5.6% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 16,048 shares of the company's stock after selling 952 shares during the quarter. State of Tennessee Department of Treasury's holdings in Duolingo were worth $5,203,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in the company. Mirae Asset Global Investments Co. Ltd. bought a new stake in shares of Duolingo during the 4th quarter valued at approximately $31,000. Harvest Fund Management Co. Ltd lifted its holdings in shares of Duolingo by 5,050.0% in the 4th quarter. Harvest Fund Management Co. Ltd now owns 103 shares of the company's stock worth $33,000 after purchasing an additional 101 shares in the last quarter. Global Retirement Partners LLC raised its holdings in shares of Duolingo by 1,255.6% in the 4th quarter. Global Retirement Partners LLC now owns 122 shares of the company's stock worth $40,000 after acquiring an additional 113 shares during the last quarter. Smithfield Trust Co grew its holdings in Duolingo by 41.8% during the fourth quarter. Smithfield Trust Co now owns 156 shares of the company's stock worth $51,000 after buying an additional 46 shares in the last quarter. Finally, R Squared Ltd bought a new position in shares of Duolingo during the 4th quarter worth approximately $55,000. 91.59% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of equities research analysts have issued reports on the stock. JPMorgan Chase & Co. lowered their target price on shares of Duolingo from $410.00 to $360.00 and set an "overweight" rating on the stock in a report on Tuesday, April 8th. DA Davidson upped their price target on shares of Duolingo from $400.00 to $410.00 and gave the company a "buy" rating in a research report on Thursday, March 27th. Scotiabank lowered their price target on Duolingo from $425.00 to $405.00 and set a "sector outperform" rating for the company in a research report on Wednesday, April 23rd. Citizens Jmp raised shares of Duolingo from a "market perform" rating to an "outperform" rating and set a $400.00 target price on the stock in a research note on Tuesday, March 18th. Finally, JMP Securities reissued 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 issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus target price of $376.15.

Duolingo Price Performance

NASDAQ:DUOL traded up $13.43 during mid-day trading on Thursday, reaching $402.91. 453,711 shares of the stock were exchanged, compared to its average volume of 720,038. The company has a current ratio of 3.09, a quick ratio of 3.09 and a debt-to-equity ratio of 0.07. Duolingo, Inc. has a 1-year low of $145.05 and a 1-year high of $441.77. The firm has a market capitalization of $18.23 billion, a PE ratio of 219.83 and a beta of 0.91. The business has a fifty day moving average price of $324.10 and a 200 day moving average price of $334.37.

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

Insider Buying and Selling at Duolingo

In other news, insider Severin Hacker sold 10,000 shares of the company's stock in a transaction dated Wednesday, February 5th. The stock was sold at an average price of $391.46, for a total transaction of $3,914,600.00. Following the completion of the transaction, the insider now directly owns 72 shares of the company's stock, valued at $28,185.12. This represents a 99.29 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Ahn Luis Von sold 8,000 shares of the company's stock in a transaction dated Tuesday, February 18th. The shares were sold at an average price of $434.79, for a total transaction of $3,478,320.00. The disclosure for this sale can be found here. In the last 90 days, insiders sold 109,868 shares of company stock worth $37,549,300. 18.30% of the stock is currently owned by corporate insiders.

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.