Cim LLC Has $1.06 Million Stake in Duolingo, Inc. (NASDAQ:DUOL)

Cim LLC lifted its stake in shares of Duolingo, Inc. (NASDAQ:DUOL) by 8.2% in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 5,034 shares of the company’s stock after acquiring an additional 383 shares during the quarter. Cim LLC’s holdings in Duolingo were worth $1,058,000 as of its most recent filing with the SEC.

Other hedge funds have also made changes to their positions in the company. Larson Financial Group LLC acquired a new position in Duolingo during the second quarter valued at approximately $31,000. Blue Trust Inc. bought a new position in Duolingo in the 2nd quarter worth $32,000. GAMMA Investing LLC lifted its position in Duolingo by 350.0% during the 2nd quarter. GAMMA Investing LLC now owns 171 shares of the company’s stock worth $36,000 after acquiring an additional 133 shares during the last quarter. Mark Sheptoff Financial Planning LLC bought a new stake in Duolingo during the second quarter valued at about $36,000. Finally, Fifth Third Bancorp bought a new position in shares of Duolingo in the second quarter worth about $40,000. Institutional investors and hedge funds own 91.59% of the company’s stock.

Insider Activity at Duolingo

In related news, insider Robert Meese sold 5,000 shares of the firm’s stock in a transaction dated Wednesday, September 25th. The stock was sold at an average price of $285.04, for a total value of $1,425,200.00. Following the transaction, the insider now owns 142,053 shares in the company, valued at $40,490,787.12. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. In related news, insider Robert Meese sold 5,000 shares of the firm’s stock in a transaction dated Wednesday, September 25th. The stock was sold at an average price of $285.04, for a total value of $1,425,200.00. Following the transaction, the insider now owns 142,053 shares in the company, valued at $40,490,787.12. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Natalie Glance sold 1,500 shares of the firm’s stock in a transaction dated Monday, July 8th. The shares were sold at an average price of $196.24, for a total value of $294,360.00. Following the completion of the transaction, the insider now owns 145,782 shares in the company, valued at approximately $28,608,259.68. The disclosure for this sale can be found here. Insiders have sold a total of 88,374 shares of company stock worth $18,444,907 over the last 90 days. Insiders own 18.30% of the company’s stock.

Duolingo Stock Performance

Shares of NASDAQ:DUOL opened at $280.66 on Wednesday. Duolingo, Inc. has a twelve month low of $140.16 and a twelve month high of $297.56. The firm has a market cap of $12.10 billion, a PE ratio of 289.34 and a beta of 0.76. The company has a debt-to-equity ratio of 0.07, a quick ratio of 3.28 and a current ratio of 3.28. The business has a fifty day moving average of $212.33 and a 200-day moving average of $206.76.

Duolingo (NASDAQ:DUOL) last announced its earnings results on Wednesday, August 7th. The company reported $0.51 earnings per share for the quarter, beating analysts’ consensus estimates of $0.32 by $0.19. Duolingo had a return on equity of 9.64% and a net margin of 10.44%. The company had revenue of $178.30 million during the quarter, compared to analyst estimates of $177.13 million. During the same period last year, the company posted $0.08 earnings per share. The firm’s quarterly revenue was up 40.6% compared to the same quarter last year. On average, equities research analysts predict that Duolingo, Inc. will post 1.87 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of brokerages have recently commented on DUOL. Piper Sandler reaffirmed an “overweight” rating and set a $271.00 price objective on shares of Duolingo in a research report on Friday, August 30th. JPMorgan Chase & Co. raised their price target on shares of Duolingo from $255.00 to $303.00 and gave the stock an “overweight” rating in a research note on Wednesday, September 25th. Needham & Company LLC upped their price objective on Duolingo from $245.00 to $310.00 and gave the company a “buy” rating in a research note on Wednesday, September 25th. JMP Securities increased their target price on Duolingo from $260.00 to $275.00 and gave the stock a “market outperform” rating in a report on Wednesday, September 25th. Finally, DA Davidson reaffirmed a “buy” rating and issued a $250.00 price target on shares of Duolingo in a research note on Tuesday, September 10th. One analyst has rated the stock with a sell rating, two have assigned a hold rating, eight have issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $255.50.

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.