Duolingo, Inc. (NASDAQ:DUOL) Shares Sold by Mount Lucas Management LP

Mount Lucas Management LP lessened its holdings in shares of Duolingo, Inc. (NASDAQ:DUOL) by 17.5% in the fourth quarter, Holdings Channel.com reports. The firm owned 1,106 shares of the company’s stock after selling 234 shares during the period. Mount Lucas Management LP’s holdings in Duolingo were worth $359,000 as of its most recent SEC filing.

Other hedge funds also recently made changes to their positions in the company. Catalyst Capital Advisors LLC acquired a new position in shares of Duolingo in the 4th quarter worth approximately $1,994,000. Lecap Asset Management Ltd. acquired a new position in Duolingo during the 4th quarter valued at approximately $429,000. Charles Schwab Investment Management Inc. boosted its position in Duolingo by 42.2% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 342,280 shares of the company’s stock valued at $96,530,000 after purchasing an additional 101,653 shares during the period. Lisanti Capital Growth LLC boosted its position in Duolingo by 17.8% during the 3rd quarter. Lisanti Capital Growth LLC now owns 11,645 shares of the company’s stock valued at $3,284,000 after purchasing an additional 1,760 shares during the period. Finally, Rockefeller Capital Management L.P. acquired a new position in Duolingo during the 3rd quarter valued at approximately $4,350,000. Institutional investors and hedge funds own 91.59% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on the company. Barclays boosted their price objective on Duolingo from $295.00 to $330.00 and gave the company an “equal weight” rating in a research report on Friday, February 28th. Piper Sandler boosted their price objective on Duolingo from $351.00 to $390.00 and gave the company an “overweight” rating in a research report on Friday, February 28th. Needham & Company LLC boosted their price objective on Duolingo from $385.00 to $400.00 and gave the company a “buy” rating in a research report on Friday, February 28th. JPMorgan Chase & Co. lifted their target price on Duolingo from $400.00 to $410.00 and gave the company an “overweight” rating in a research note on Friday, February 28th. Finally, UBS Group lifted their target price on Duolingo from $408.00 to $410.00 and gave the company a “buy” rating in a research note on Monday, January 27th. Seven 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 company. According to MarketBeat, Duolingo presently has a consensus rating of “Moderate Buy” and a consensus target price of $375.00.

Insider Buying and Selling

In other news, insider Natalie Glance sold 9,020 shares of the company’s stock in a transaction on Wednesday, March 5th. The stock was sold at an average price of $290.59, for a total transaction of $2,621,121.80. Following the completion of the sale, the insider now directly owns 130,733 shares of the company’s stock, valued at $37,989,702.47. This represents a 6.45 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, General Counsel Stephen C. Chen sold 2,064 shares of the company’s stock in a transaction on Tuesday, February 18th. The shares were sold at an average price of $435.12, for a total value of $898,087.68. Following the sale, the general counsel now directly owns 34,634 shares of the company’s stock, valued at approximately $15,069,946.08. This represents a 5.62 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 313,159 shares of company stock worth $107,512,184 in the last three months. 18.30% of the stock is currently owned by insiders.

Duolingo Stock Down 6.2 %

DUOL opened at $277.18 on Tuesday. Duolingo, Inc. has a one year low of $145.05 and a one year high of $441.77. The company has a debt-to-equity ratio of 0.07, a quick ratio of 3.09 and a current ratio of 3.09. The stock’s fifty day moving average is $353.88 and its 200-day moving average is $315.24. The company has a market capitalization of $12.54 billion, a PE ratio of 151.47 and a beta of 0.92.

Duolingo (NASDAQ:DUOL) last posted its quarterly earnings data on Thursday, February 27th. The company reported $0.31 EPS for the quarter, missing analysts’ consensus estimates of $0.50 by ($0.19). Duolingo had a return on equity of 11.74% and a net margin of 12.59%. The firm had revenue of $209.55 million during the quarter, compared to the consensus estimate of $205.49 million. On average, equities analysts predict that Duolingo, Inc. will post 2.03 EPS for the current fiscal year.

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.