Two Sigma Investments LP Sells 57,435 Shares of Duolingo, Inc. (NASDAQ:DUOL)

Two Sigma Investments LP reduced its holdings in shares of Duolingo, Inc. (NASDAQ:DUOL) by 38.2% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 93,047 shares of the company’s stock after selling 57,435 shares during the quarter. Two Sigma Investments LP owned approximately 0.21% of Duolingo worth $30,169,000 at the end of the most recent reporting period.

Several other hedge funds also recently made changes to their positions in the business. Quarry LP boosted its holdings in Duolingo by 250.0% during 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 during the 4th quarter worth about $31,000. Harvest Fund Management Co. Ltd boosted its stake in shares of Duolingo by 5,050.0% during the 4th quarter. Harvest Fund Management Co. Ltd now owns 103 shares of the company’s stock worth $33,000 after buying an additional 101 shares during the last quarter. Global Retirement Partners LLC grew 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 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 4th 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.

Wall Street Analysts Forecast Growth

DUOL has been the topic of several analyst reports. Needham & Company LLC upped their target price on Duolingo from $400.00 to $460.00 and gave the stock a “buy” rating in a report on Friday, May 2nd. UBS Group boosted their price target on Duolingo from $400.00 to $500.00 and gave the stock a “buy” rating in a research report on Friday, May 2nd. Piper Sandler set a $375.00 price objective on Duolingo in a report on Friday, May 2nd. Evercore ISI raised their target price on shares of Duolingo from $400.00 to $480.00 and gave the company an “outperform” rating in a research note on Friday, May 2nd. Finally, The Goldman Sachs Group upped their price target on shares of Duolingo from $340.00 to $403.00 and gave the stock a “neutral” rating in a research report on Monday, May 5th. Seven analysts have rated the stock with a hold rating and nine have given a buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $426.29.

Duolingo Price Performance

DUOL stock opened at $525.73 on Wednesday. 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, Inc. has a 12 month low of $145.05 and a 12 month high of $544.93. The firm has a market cap of $23.90 billion, a P/E ratio of 287.29 and a beta of 0.88. The company’s 50-day moving average price is $377.35 and its two-hundred day moving average price is $355.76.

Duolingo (NASDAQ:DUOL) last posted its quarterly earnings results on Thursday, May 1st. The company reported $0.72 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.52 by $0.20. Duolingo had a net margin of 12.59% and a return on equity of 11.74%. The business had revenue of $230.74 million for the quarter, compared to analyst estimates of $223.15 million. The business’s quarterly 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 Buying and Selling

In related news, insider Severin Hacker sold 10,000 shares of the company’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 directly owns 72 shares in the company, valued at approximately $35,708.40. This represents a 99.29% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, CEO Ahn Luis Von sold 8,000 shares of the business’s stock in a transaction that occurred on Monday, March 17th. The shares were sold at an average price of $293.80, for a total transaction of $2,350,400.00. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 93,853 shares of company stock worth $31,627,441. 15.67% of the stock is owned by insiders.

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.