Sycomore Asset Management Reduces Stake in Duolingo, Inc. (NASDAQ:DUOL)

Sycomore Asset Management trimmed its stake in shares of Duolingo, Inc. (NASDAQ:DUOL) by 15.1% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 39,538 shares of the company’s stock after selling 7,027 shares during the quarter. Duolingo makes up 1.6% of Sycomore Asset Management’s investment portfolio, making the stock its 20th largest position. Sycomore Asset Management’s holdings in Duolingo were worth $10,990,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also recently made changes to their positions in the company. Dragoneer Investment Group LLC bought a new stake in shares of Duolingo in the 2nd quarter worth $204,768,000. International Assets Investment Management LLC lifted its position in shares of Duolingo by 30,909.9% in the third quarter. International Assets Investment Management LLC now owns 355,063 shares of the company’s stock valued at $100,135,000 after acquiring an additional 353,918 shares in the last quarter. Whale Rock Capital Management LLC lifted its position in shares of Duolingo by 23.9% in the first quarter. Whale Rock Capital Management LLC now owns 1,275,189 shares of the company’s stock worth $281,281,000 after buying an additional 245,599 shares in the last quarter. Bank of New York Mellon Corp lifted its position in shares of Duolingo by 153.1% in the second quarter. Bank of New York Mellon Corp now owns 395,123 shares of the company’s stock worth $82,450,000 after buying an additional 238,990 shares in the last quarter. Finally, Price T Rowe Associates Inc. MD grew its stake in shares of Duolingo by 73.6% during the first quarter. Price T Rowe Associates Inc. MD now owns 364,755 shares of the company’s stock valued at $80,459,000 after buying an additional 154,659 shares during the last quarter. 91.59% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In other Duolingo news, insider Natalie Glance sold 1,500 shares of the business’s stock in a transaction that occurred on Wednesday, November 6th. The stock was sold at an average price of $313.36, for a total transaction of $470,040.00. Following the completion of the transaction, the insider now owns 136,760 shares in the company, valued at $42,855,113.60. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. In other news, CFO Matthew Skaruppa sold 17,591 shares of the company’s stock in a transaction dated Wednesday, August 21st. The shares were sold at an average price of $207.27, for a total transaction of $3,646,086.57. Following the transaction, the chief financial officer now owns 88,856 shares in the company, valued at $18,417,183.12. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, insider Natalie Glance sold 1,500 shares of the company’s stock in a transaction dated Wednesday, November 6th. The shares were sold at an average price of $313.36, for a total transaction of $470,040.00. Following the transaction, the insider now owns 136,760 shares in the company, valued at approximately $42,855,113.60. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 70,374 shares of company stock valued at $15,802,382. 18.30% of the stock is owned by corporate insiders.

Duolingo Trading Down 0.1 %

NASDAQ DUOL traded down $0.41 on Thursday, hitting $323.02. The company’s stock had a trading volume of 90,713 shares, compared to its average volume of 697,438. Duolingo, Inc. has a 1-year low of $145.05 and a 1-year high of $330.61. The company has a quick ratio of 3.09, a current ratio of 3.09 and a debt-to-equity ratio of 0.07. The company’s 50-day moving average is $277.45 and its 200 day moving average is $223.72. The firm has a market cap of $14.06 billion, a PE ratio of 173.93 and a beta of 0.79.

Duolingo (NASDAQ:DUOL) last posted its earnings results on Wednesday, November 6th. The company reported $0.49 earnings per share for the quarter, topping the consensus estimate of $0.35 by $0.14. The firm had revenue of $192.59 million during the quarter, compared to the consensus estimate of $189.19 million. Duolingo had a net margin of 12.59% and a return on equity of 11.74%. The company’s revenue was up 39.9% on a year-over-year basis. During the same quarter last year, the company earned $0.06 earnings per share. As a group, analysts predict that Duolingo, Inc. will post 2.02 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

DUOL has been the subject of a number of analyst reports. Bank of America upped their price objective on Duolingo from $292.00 to $298.00 and gave the stock a “buy” rating in a research note on Wednesday, September 25th. Needham & Company LLC boosted their target price on Duolingo from $310.00 to $370.00 and gave the stock a “buy” rating in a research note on Thursday, November 7th. Evercore ISI upgraded Duolingo to a “strong-buy” rating in a research report on Monday, August 5th. Seaport Res Ptn lowered Duolingo from a “strong-buy” rating to a “hold” rating in a research note on Thursday, November 7th. Finally, JMP Securities downgraded Duolingo from an “outperform” rating to a “market perform” rating in a report on Monday, October 14th. Five analysts have rated the stock with a hold rating, six have assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, Duolingo currently has a consensus rating of “Moderate Buy” and an average target price of $331.33.

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.