KLP Kapitalforvaltning AS Has $2.99 Million Holdings in Duolingo, Inc. $DUOL

KLP Kapitalforvaltning AS raised its holdings in shares of Duolingo, Inc. (NASDAQ:DUOL) by 2.8% during the second quarter, HoldingsChannel.com reports. The firm owned 7,300 shares of the company’s stock after acquiring an additional 200 shares during the quarter. KLP Kapitalforvaltning AS’s holdings in Duolingo were worth $2,993,000 at the end of the most recent quarter.

A number of other large investors also recently added to or reduced their stakes in the business. Rise Advisors LLC lifted its position in Duolingo by 43.6% during the 1st quarter. Rise Advisors LLC now owns 79 shares of the company’s stock valued at $25,000 after purchasing an additional 24 shares during the period. Northwestern Mutual Wealth Management Co. lifted its position in Duolingo by 20.5% during the 1st quarter. Northwestern Mutual Wealth Management Co. now owns 153 shares of the company’s stock valued at $48,000 after purchasing an additional 26 shares during the period. Parallel Advisors LLC lifted its position in Duolingo by 16.3% during the 2nd quarter. Parallel Advisors LLC now owns 186 shares of the company’s stock valued at $76,000 after purchasing an additional 26 shares during the period. Crossmark Global Holdings Inc. lifted its position in Duolingo by 1.2% during the 1st quarter. Crossmark Global Holdings Inc. now owns 2,942 shares of the company’s stock valued at $914,000 after purchasing an additional 34 shares during the period. Finally, Larson Financial Group LLC lifted its position in Duolingo by 24.4% during the 1st quarter. Larson Financial Group LLC now owns 199 shares of the company’s stock valued at $62,000 after purchasing an additional 39 shares during the period. 91.59% of the stock is currently owned by institutional investors and hedge funds.

Duolingo Stock Performance

Shares of DUOL opened at $325.00 on Friday. The company has a debt-to-equity ratio of 0.10, a quick ratio of 2.81 and a current ratio of 2.81. Duolingo, Inc. has a twelve month low of $256.63 and a twelve month high of $544.93. The firm’s 50 day moving average price is $316.50 and its two-hundred day moving average price is $380.61. The firm has a market cap of $14.89 billion, a P/E ratio of 133.74, a PEG ratio of 2.17 and a beta of 0.86.

Duolingo (NASDAQ:DUOL) last announced its quarterly earnings results on Wednesday, August 6th. The company reported $0.91 earnings per share for the quarter, beating analysts’ consensus estimates of $0.55 by $0.36. Duolingo had a net margin of 13.24% and a return on equity of 13.32%. The firm had revenue of $252.27 million for the quarter, compared to analyst estimates of $240.84 million. During the same quarter in the previous year, the firm posted $0.51 earnings per share. The business’s revenue was up 41.5% on a year-over-year basis. On average, analysts forecast that Duolingo, Inc. will post 2.03 EPS for the current fiscal year.

Insider Buying and Selling at Duolingo

In other Duolingo news, CFO Matthew Skaruppa sold 10,937 shares of Duolingo stock in a transaction that occurred on Tuesday, August 26th. The shares were sold at an average price of $317.39, for a total value of $3,471,294.43. Following the transaction, the chief financial officer owned 43,345 shares of the company’s stock, valued at approximately $13,757,269.55. The trade was a 20.15% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, insider Severin Hacker sold 10,000 shares of Duolingo stock in a transaction that occurred on Friday, September 19th. The shares were sold at an average price of $288.94, for a total transaction of $2,889,400.00. Following the completion of the transaction, the insider directly owned 72 shares in the company, valued at approximately $20,803.68. The trade was a 99.29% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 83,791 shares of company stock valued at $26,918,301. 15.67% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

DUOL has been the topic of a number of research reports. DA Davidson downgraded shares of Duolingo from a “buy” rating to a “neutral” rating and cut their target price for the company from $500.00 to $300.00 in a research report on Thursday, September 4th. KeyCorp upgraded shares of Duolingo from a “sector weight” rating to an “overweight” rating and set a $460.00 price target on the stock in a research report on Monday, August 18th. Raymond James Financial reiterated a “market perform” rating on shares of Duolingo in a research report on Tuesday, August 26th. Citizens Jmp cut their price target on shares of Duolingo from $475.00 to $450.00 and set a “mkt outperform” rating on the stock in a research report on Monday, July 28th. Finally, Wells Fargo & Company initiated coverage on shares of Duolingo in a research report on Monday, September 8th. They issued an “underweight” rating and a $239.00 price target on the stock. One research analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating, ten have assigned a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $419.32.

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.