Duolingo, Inc. (NASDAQ:DUOL) Stock Holdings Decreased by Clarity Wealth Advisors LLC

Clarity Wealth Advisors LLC lowered its position in shares of Duolingo, Inc. (NASDAQ:DUOL) by 30.4% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,530 shares of the company’s stock after selling 669 shares during the quarter. Clarity Wealth Advisors LLC’s holdings in Duolingo were worth $431,000 as of its most recent SEC filing.

Several other hedge funds have also made changes to their positions in the company. Pinnacle Wealth Planning Services Inc. raised its stake in Duolingo by 5.5% during the 1st quarter. Pinnacle Wealth Planning Services Inc. now owns 1,046 shares of the company’s stock valued at $231,000 after purchasing an additional 55 shares during the period. Mercer Global Advisors Inc. ADV lifted its stake in Duolingo by 3.9% in the 2nd quarter. Mercer Global Advisors Inc. ADV now owns 1,962 shares of the company’s stock worth $409,000 after acquiring an additional 73 shares in the last quarter. Nisa Investment Advisors LLC lifted its stake in Duolingo by 19.5% in the 2nd quarter. Nisa Investment Advisors LLC now owns 520 shares of the company’s stock worth $109,000 after acquiring an additional 85 shares in the last quarter. Strategic Advocates LLC boosted its position in Duolingo by 8.3% during the 2nd quarter. Strategic Advocates LLC now owns 1,149 shares of the company’s stock worth $240,000 after acquiring an additional 88 shares during the period. Finally, nVerses Capital LLC grew its stake in Duolingo by 33.3% during the 3rd quarter. nVerses Capital LLC now owns 400 shares of the company’s stock valued at $113,000 after acquiring an additional 100 shares in the last quarter. Hedge funds and other institutional investors own 91.59% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms recently commented on DUOL. JPMorgan Chase & Co. raised their price target on shares of Duolingo from $255.00 to $303.00 and gave the stock an “overweight” rating in a report on Wednesday, September 25th. JMP Securities lowered shares of Duolingo from an “outperform” rating to a “market perform” rating in a research note on Monday, October 14th. Bank of America upped their price target on shares of Duolingo from $292.00 to $298.00 and gave the stock a “buy” rating in a research note on Wednesday, September 25th. UBS Group boosted their target price on Duolingo from $225.00 to $355.00 and gave the company a “buy” rating in a research note on Tuesday, October 8th. Finally, Needham & Company LLC raised their price target on Duolingo from $245.00 to $310.00 and gave the stock a “buy” rating in a research note on Wednesday, September 25th. Four investment analysts have rated the stock with a hold rating, seven have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $277.22.

Duolingo Stock Performance

DUOL stock traded down $1.53 during midday trading on Friday, hitting $286.12. 334,991 shares of the company traded hands, compared to its average volume of 711,442. Duolingo, Inc. has a twelve month low of $140.16 and a twelve month high of $297.56. The stock has a market capitalization of $12.34 billion, a price-to-earnings ratio of 294.97 and a beta of 0.79. The company has a quick ratio of 3.28, a current ratio of 3.28 and a debt-to-equity ratio of 0.07. The business has a 50 day simple moving average of $243.03 and a 200-day simple moving average of $212.58.

Duolingo (NASDAQ:DUOL) last announced its earnings results on Wednesday, August 7th. The company reported $0.51 EPS for the quarter, topping the consensus estimate of $0.32 by $0.19. The firm had revenue of $178.30 million for the quarter, compared to the consensus estimate of $177.13 million. Duolingo had a net margin of 10.44% and a return on equity of 9.64%. During the same quarter last year, the firm posted $0.08 EPS. The business’s quarterly revenue was up 40.6% on a year-over-year basis. As a group, equities research analysts predict that Duolingo, Inc. will post 1.87 earnings per share for the current year.

Insider Transactions at Duolingo

In related news, insider Natalie Glance sold 1,500 shares of the stock in a transaction dated Tuesday, August 6th. The shares were sold at an average price of $161.78, for a total value of $242,670.00. Following the completion of the sale, the insider now owns 144,282 shares in the company, valued at approximately $23,341,941.96. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other Duolingo news, insider Natalie Glance sold 1,500 shares of Duolingo stock in a transaction on Tuesday, August 6th. The shares were sold at an average price of $161.78, for a total transaction of $242,670.00. Following the sale, the insider now owns 144,282 shares in the company, valued at $23,341,941.96. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CFO Matthew Skaruppa sold 8,000 shares of the business’s stock in a transaction on Thursday, August 1st. The shares were sold at an average price of $166.50, for a total transaction of $1,332,000.00. Following the completion of the sale, the chief financial officer now directly owns 95,731 shares in the company, valued at $15,939,211.50. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 88,374 shares of company stock worth $18,571,912. Insiders own 18.30% of the company’s stock.

Duolingo Company 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.