Militia Capital Management LLC purchased a new stake in shares of Duolingo, Inc. (NASDAQ:DUOL – Free Report) during the 1st quarter, according to its most recent Form 13F filing with the SEC. The institutional investor purchased 11,360 shares of the company’s stock, valued at approximately $1,120,000.
Other institutional investors and hedge funds have also recently modified their holdings of the company. Root Financial Partners LLC increased its position in Duolingo by 194.1% during the first quarter. Root Financial Partners LLC now owns 250 shares of the company’s stock valued at $25,000 after acquiring an additional 165 shares during the last quarter. EFG International AG purchased a new position in Duolingo in the fourth quarter worth about $26,000. AlphaCentric Advisors LLC bought a new stake in shares of Duolingo during the 4th quarter valued at about $33,000. Banque Cantonale Vaudoise grew its stake in shares of Duolingo by 51.1% during the 1st quarter. Banque Cantonale Vaudoise now owns 340 shares of the company’s stock valued at $34,000 after purchasing an additional 115 shares during the period. Finally, Caitong International Asset Management Co. Ltd bought a new position in shares of Duolingo in the 4th quarter worth approximately $43,000. 91.59% of the stock is currently owned by hedge funds and other institutional investors.
Insider Activity
In other news, insider Natalie Glance sold 3,360 shares of the business’s stock in a transaction on Monday, May 18th. The shares were sold at an average price of $113.59, for a total value of $381,662.40. Following the transaction, the insider owned 173,401 shares of the company’s stock, valued at approximately $19,696,619.59. The trade was a 1.90% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 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. Also, General Counsel Stephen C. Chen sold 1,977 shares of the company’s stock in a transaction on Monday, May 18th. The stock was sold at an average price of $113.61, for a total transaction of $224,606.97. Following the transaction, the general counsel owned 52,807 shares of the company’s stock, valued at approximately $5,999,403.27. This represents a 3.61% 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 have sold a total of 9,506 shares of company stock worth $1,073,864 over the last quarter. Insiders own 16.62% of the company’s stock.
Duolingo Stock Performance
Duolingo (NASDAQ:DUOL – Get Free Report) last issued its earnings results on Monday, May 4th. The company reported $0.89 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.79 by $0.10. Duolingo had a return on equity of 14.07% and a net margin of 38.44%.The company had revenue of $291.97 million for the quarter, compared to the consensus estimate of $288.60 million. During the same quarter last year, the company earned $0.72 EPS. The firm’s quarterly revenue was up 26.5% on a year-over-year basis. As a group, equities research analysts predict that Duolingo, Inc. will post 2.81 EPS for the current fiscal year.
Analyst Ratings Changes
A number of analysts have commented on the stock. JPMorgan Chase & Co. upped their target price on shares of Duolingo from $94.00 to $125.00 and gave the company a “neutral” rating in a report on Friday, July 17th. DA Davidson reaffirmed a “neutral” rating and issued a $120.00 target price on shares of Duolingo in a report on Monday, June 29th. UBS Group reiterated a “neutral” rating on shares of Duolingo in a research report on Wednesday, June 17th. Zacks Research upgraded Duolingo from a “strong sell” rating to a “hold” rating in a research report on Tuesday, April 28th. Finally, Jefferies Financial Group lifted their price objective on Duolingo from $95.00 to $125.00 and gave the company a “hold” rating in a research report on Tuesday, July 14th. Two research analysts have rated the stock with a Buy rating, twenty have assigned a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $167.17.
Check Out Our Latest Stock Analysis on DUOL
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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