Long Walk Management LP Has $20.95 Million Holdings in Duolingo, Inc. (NASDAQ:DUOL)

Long Walk Management LP grew its stake in Duolingo, Inc. (NASDAQ:DUOL) by 95.5% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 74,300 shares of the company’s stock after purchasing an additional 36,300 shares during the period. Duolingo comprises approximately 8.7% of Long Walk Management LP’s investment portfolio, making the stock its 6th largest position. Long Walk Management LP owned 0.17% of Duolingo worth $20,954,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Covestor Ltd grew its position in shares of Duolingo by 34.0% in the 3rd quarter. Covestor Ltd now owns 1,087 shares of the company’s stock valued at $307,000 after buying an additional 276 shares during the last quarter. Atria Investments Inc bought a new position in Duolingo during the 3rd quarter worth approximately $279,000. Assetmark Inc. raised its holdings in Duolingo by 11.1% during the 3rd quarter. Assetmark Inc. now owns 2,054 shares of the company’s stock worth $579,000 after purchasing an additional 206 shares during the last quarter. Capital Performance Advisors LLP acquired a new position in Duolingo in the third quarter valued at $68,000. Finally, M&G PLC boosted its position in Duolingo by 3.0% during the third quarter. M&G PLC now owns 38,301 shares of the company’s stock valued at $10,801,000 after acquiring an additional 1,105 shares during the last quarter. 91.59% of the stock is owned by institutional investors.

Insider Activity

In related news, CFO Matthew Skaruppa sold 17,591 shares of the stock in a transaction dated Wednesday, August 21st. The stock was sold at an average price of $207.27, for a total transaction of $3,646,086.57. Following the sale, the chief financial officer now owns 88,856 shares of the company’s stock, valued at approximately $18,417,183.12. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. In other news, insider Natalie Glance sold 1,500 shares of the business’s stock in a transaction on Friday, September 6th. The shares were sold at an average price of $207.51, for a total transaction of $311,265.00. Following the completion of the transaction, the insider now directly owns 139,760 shares in the company, valued at $29,001,597.60. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CFO Matthew Skaruppa sold 17,591 shares of the stock in a transaction on Wednesday, August 21st. The stock was sold at an average price of $207.27, for a total value of $3,646,086.57. Following the completion of the sale, the chief financial officer now owns 88,856 shares in the company, valued at $18,417,183.12. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders sold 70,374 shares of company stock worth $15,802,382. 18.30% of the stock is owned by corporate insiders.

Duolingo Stock Up 3.5 %

Shares of NASDAQ DUOL opened at $326.89 on Friday. The business’s fifty day moving average price is $270.84 and its 200-day moving average price is $221.61. Duolingo, Inc. has a one year low of $145.05 and a one year high of $330.61. The stock has a market capitalization of $14.23 billion, a PE ratio of 178.63 and a beta of 0.79. The company has a debt-to-equity ratio of 0.07, a current ratio of 3.28 and a quick ratio of 3.28.

Duolingo (NASDAQ:DUOL) last released its quarterly earnings data on Wednesday, November 6th. The company reported $0.49 EPS for the quarter, topping the consensus estimate of $0.36 by $0.13. Duolingo had a net margin of 12.59% and a return on equity of 12.20%. The company had revenue of $192.59 million during the quarter, compared to the consensus estimate of $189.19 million. During the same period last year, the firm earned $0.06 EPS. Duolingo’s revenue for the quarter was up 39.9% on a year-over-year basis. On average, equities research analysts anticipate that Duolingo, Inc. will post 1.87 EPS for the current year.

Analysts Set New Price Targets

Several research firms recently commented on DUOL. Bank of America lifted their target price on Duolingo from $292.00 to $298.00 and gave the stock a “buy” rating in a report on Wednesday, September 25th. DA Davidson lifted their price objective on shares of Duolingo from $250.00 to $350.00 and gave the company a “buy” rating in a report on Thursday. The Goldman Sachs Group raised their target price on Duolingo from $250.00 to $275.00 and gave the company a “neutral” rating in a report on Thursday. UBS Group upped their price target on Duolingo from $225.00 to $355.00 and gave the stock a “buy” rating in a report on Tuesday, October 8th. Finally, Seaport Res Ptn cut Duolingo from a “strong-buy” rating to a “hold” rating in a research note on Thursday. Five equities research analysts have rated the stock with a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, Duolingo currently has a consensus rating of “Moderate Buy” and a consensus price target of $325.44.

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.