Duolingo, Inc. $DUOL Stock Holdings Boosted by Square Peg Capital PTY Ltd.

Square Peg Capital PTY Ltd. raised its stake in Duolingo, Inc. (NASDAQ:DUOL) by 17.8% during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 41,924 shares of the company’s stock after purchasing an additional 6,347 shares during the period. Duolingo accounts for about 7.4% of Square Peg Capital PTY Ltd.’s holdings, making the stock its 8th biggest position. Square Peg Capital PTY Ltd. owned 0.09% of Duolingo worth $7,358,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds also recently added to or reduced their stakes in DUOL. NewEdge Advisors LLC grew its position in shares of Duolingo by 1,868.2% during the first quarter. NewEdge Advisors LLC now owns 433 shares of the company’s stock worth $134,000 after acquiring an additional 411 shares during the last quarter. Goldman Sachs Group Inc. lifted its holdings in shares of Duolingo by 123.9% during the first quarter. Goldman Sachs Group Inc. now owns 87,556 shares of the company’s stock worth $27,190,000 after purchasing an additional 48,451 shares during the period. Focus Partners Wealth lifted its holdings in shares of Duolingo by 28.3% during the first quarter. Focus Partners Wealth now owns 2,021 shares of the company’s stock worth $628,000 after purchasing an additional 446 shares during the period. Amundi lifted its holdings in shares of Duolingo by 142.1% during the second quarter. Amundi now owns 26,075 shares of the company’s stock worth $10,352,000 after purchasing an additional 15,306 shares during the period. Finally, Gabelli Funds LLC acquired a new stake in shares of Duolingo during the second quarter worth $205,000. 91.59% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at Duolingo

In other Duolingo news, insider Natalie Glance sold 3,360 shares of the firm’s stock in a transaction on Monday, May 18th. The stock was sold at an average price of $113.59, for a total value of $381,662.40. Following the completion of the sale, the insider owned 173,401 shares of the company’s stock, valued at approximately $19,696,619.59. This trade represents a 1.90% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, General Counsel Stephen C. Chen sold 1,977 shares of the firm’s stock in a transaction on Monday, May 18th. The shares were sold at an average price of $113.61, for a total value of $224,606.97. Following the completion of the transaction, the general counsel owned 52,807 shares of the company’s stock, valued at approximately $5,999,403.27. This represents a 3.61% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Over the last quarter, insiders sold 9,506 shares of company stock valued at $1,073,864. 16.62% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

Several equities research analysts recently weighed in on the company. Weiss Ratings downgraded Duolingo from a “hold (c-)” rating to a “sell (d+)” rating in a report on Wednesday, April 22nd. KeyCorp reaffirmed a “sector weight” rating on shares of Duolingo in a report on Thursday, June 4th. Truist Financial downgraded Duolingo from a “buy” rating to a “hold” rating and set a $100.00 price target for the company. in a report on Friday, February 27th. JPMorgan Chase & Co. increased their price target on Duolingo from $92.00 to $94.00 and gave the stock a “neutral” rating in a report on Tuesday, May 5th. Finally, Zacks Research raised Duolingo from a “strong sell” rating to a “hold” rating in a report on Tuesday, April 28th. Three analysts have rated the stock with a Buy rating, seventeen have assigned a Hold rating and two have assigned a Sell rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $197.61.

Duolingo Price Performance

Duolingo stock opened at $122.63 on Friday. Duolingo, Inc. has a one year low of $87.89 and a one year high of $489.00. The company has a debt-to-equity ratio of 0.07, a quick ratio of 2.62 and a current ratio of 2.62. The business has a fifty day moving average of $106.08 and a two-hundred day moving average of $130.04. The company has a market cap of $5.71 billion, a P/E ratio of 14.11, a price-to-earnings-growth ratio of 0.94 and a beta of 0.89.

Duolingo (NASDAQ:DUOL) last released its earnings results on Monday, May 4th. The company reported $0.89 EPS for the quarter, beating analysts’ consensus estimates of $0.79 by $0.10. Duolingo had a return on equity of 14.07% and a net margin of 38.44%.The company had revenue of $291.97 million during the quarter, compared to the consensus estimate of $288.60 million. During the same quarter last year, the company earned $0.72 earnings per share. Duolingo’s quarterly revenue was up 26.5% compared to the same quarter last year. As a group, analysts predict that Duolingo, Inc. will post 2.84 earnings per share for the current fiscal year.

About Duolingo

Duolingo, Inc (NASDAQ:DUOL) is a technology-driven education company that operates a widely used language-learning platform. Founded in 2011 by Luis von Ahn and Severin Hacker, Duolingo offers a freemium service featuring bite-sized lessons, gamified exercises and adaptive learning algorithms. The company’s core product is its mobile and web application, which supports instruction in more than 40 languages, ranging from widely spoken tongues such as English and Spanish to lesser-taught options including Irish and Swahili.

In addition to its flagship language courses, Duolingo has expanded its product suite to include the Duolingo English Test, an on-demand, computer-based English proficiency exam designed for academic and professional admissions.