Square Peg Capital PTY Ltd. grew its position in Duolingo, Inc. (NASDAQ:DUOL – Free Report) by 17.8% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 41,924 shares of the company’s stock after buying an additional 6,347 shares during the quarter. Duolingo accounts for approximately 7.4% of Square Peg Capital PTY Ltd.’s holdings, making the stock its 8th biggest holding. Square Peg Capital PTY Ltd.’s holdings in Duolingo were worth $7,358,000 at the end of the most recent quarter.
A number of other hedge funds have also made changes to their positions in DUOL. AlphaCentric Advisors LLC purchased a new position in shares of Duolingo in the fourth quarter valued at $33,000. KERR FINANCIAL PLANNING Corp purchased a new position in shares of Duolingo in the third quarter valued at $47,000. Advisors Asset Management Inc. increased its position in shares of Duolingo by 152.5% in the fourth quarter. Advisors Asset Management Inc. now owns 298 shares of the company’s stock valued at $52,000 after buying an additional 180 shares in the last quarter. Generali Investments Towarzystwo Funduszy Inwestycyjnych increased its position in shares of Duolingo by 59.1% in the fourth quarter. Generali Investments Towarzystwo Funduszy Inwestycyjnych now owns 350 shares of the company’s stock valued at $61,000 after buying an additional 130 shares in the last quarter. Finally, Huntington National Bank increased its position in shares of Duolingo by 103.0% in the third quarter. Huntington National Bank now owns 205 shares of the company’s stock valued at $66,000 after buying an additional 104 shares in the last quarter. Hedge funds and other institutional investors own 91.59% of the company’s stock.
Duolingo Trading Down 1.0%
Duolingo stock opened at $122.63 on Friday. The stock has a market cap of $5.71 billion, a PE ratio of 14.11, a P/E/G ratio of 0.94 and a beta of 0.89. The stock has a 50-day moving average price of $106.08 and a 200 day moving average price of $130.04. Duolingo, Inc. has a 52 week low of $87.89 and a 52 week high of $489.00. The company has a current ratio of 2.62, a quick ratio of 2.62 and a debt-to-equity ratio of 0.07.
Wall Street Analyst Weigh In
A number of research analysts have recently weighed in on the company. Barclays dropped their price target on Duolingo from $230.00 to $110.00 and set an “equal weight” rating for the company in a research report on Monday, March 2nd. KeyCorp reiterated a “sector weight” rating on shares of Duolingo in a research report on Thursday, June 4th. Scotiabank reiterated a “sector perform” rating and set a $100.00 price objective (down from $300.00) on shares of Duolingo in a research report on Friday, February 27th. Argus reiterated a “hold” rating on shares of Duolingo in a research report on Wednesday, March 18th. Finally, Needham & Company LLC reiterated a “buy” rating and set a $145.00 price objective on shares of Duolingo in a research report on Tuesday, May 5th. Three research analysts have rated the stock with a Buy rating, seventeen have issued a Hold rating and two have given a Sell rating to the stock. According to data from MarketBeat.com, Duolingo has an average rating of “Hold” and a consensus target price of $197.61.
Read Our Latest Research Report on Duolingo
Insider Buying and Selling at Duolingo
In other Duolingo news, insider Robert Meese sold 1,420 shares of Duolingo stock in a transaction dated Friday, May 15th. The stock was sold at an average price of $112.16, for a total value of $159,267.20. Following the completion of the sale, the insider owned 170,745 shares in the company, valued at $19,150,759.20. The trade was a 0.82% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, insider Natalie Glance sold 3,360 shares of Duolingo stock in a transaction dated Monday, May 18th. The shares were sold at an average price of $113.59, for a total value of $381,662.40. Following the completion of the sale, the insider owned 173,401 shares of the company’s stock, valued at $19,696,619.59. This trade represents a 1.90% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders sold 9,506 shares of company stock worth $1,073,864 in the last 90 days. 16.62% of the stock is owned by company insiders.
Duolingo Company Profile
Duolingo, Inc (NASDAQ:DUOL) is a technology-driven education company that operates a widely used language-learning platform. Founded in 2011 by Luis von Ahn and Severin Hacker, Duolingo offers a freemium service featuring bite-sized lessons, gamified exercises and adaptive learning algorithms. The company’s core product is its mobile and web application, which supports instruction in more than 40 languages, ranging from widely spoken tongues such as English and Spanish to lesser-taught options including Irish and Swahili.
In addition to its flagship language courses, Duolingo has expanded its product suite to include the Duolingo English Test, an on-demand, computer-based English proficiency exam designed for academic and professional admissions.
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