Duolingo, Inc. (NASDAQ:DUOL) Shares Sold by Victory Capital Management Inc.

Victory Capital Management Inc. lessened its stake in Duolingo, Inc. (NASDAQ:DUOL) by 7.7% during the third quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 7,011 shares of the company’s stock after selling 587 shares during the quarter. Victory Capital Management Inc.’s holdings in Duolingo were worth $1,977,000 as of its most recent filing with the SEC.

A number of other hedge funds have also recently added to or reduced their stakes in DUOL. Dragoneer Investment Group LLC acquired a new position in shares of Duolingo during the second quarter valued at $204,768,000. International Assets Investment Management LLC raised its position in shares of Duolingo by 30,909.9% during the third quarter. International Assets Investment Management LLC now owns 355,063 shares of the company’s stock worth $100,135,000 after purchasing an additional 353,918 shares during the period. Bank of New York Mellon Corp raised its holdings in shares of Duolingo by 153.1% during the second quarter. Bank of New York Mellon Corp now owns 395,123 shares of the company’s stock valued at $82,450,000 after acquiring an additional 238,990 shares during the period. Price T Rowe Associates Inc. MD raised its position in 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 period. Finally, Hood River Capital Management LLC purchased a new position in Duolingo during the second quarter valued at approximately $26,919,000. Institutional investors and hedge funds own 91.59% of the company’s stock.

Insider Buying and Selling

In related news, insider Natalie Glance sold 1,500 shares of the business’s stock in a transaction on Friday, September 6th. The shares were sold at an average price of $207.51, for a total transaction of $311,265.00. Following the transaction, the insider now directly owns 139,760 shares in the company, valued at approximately $29,001,597.60. The trade was a 1.06 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Matthew Skaruppa sold 14,000 shares of the business’s stock in a transaction dated Tuesday, September 3rd. The stock was sold at an average price of $207.44, for a total transaction of $2,904,160.00. Following the transaction, the chief financial officer now owns 88,856 shares in the company, valued at $18,432,288.64. This represents a 13.61 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 52,783 shares of company stock valued at $12,156,296. Company insiders own 18.30% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts have issued reports on DUOL shares. Needham & Company LLC lifted their target price on shares of Duolingo from $310.00 to $370.00 and gave the company a “buy” rating in a research note on Thursday, November 7th. Seaport Res Ptn lowered shares of Duolingo from a “strong-buy” rating to a “hold” rating in a research report on Thursday, November 7th. DA Davidson increased their price objective on shares of Duolingo from $250.00 to $350.00 and gave the company a “buy” rating in a research note on Thursday, November 7th. Piper Sandler increased their price objective on Duolingo from $271.00 to $351.00 and gave the stock an “overweight” rating in a research note on Thursday, November 7th. Finally, Bank of America raised their price objective on shares of Duolingo from $292.00 to $298.00 and gave the stock a “buy” rating in a report on Wednesday, September 25th. Five investment analysts have rated the stock with a hold rating, six have issued a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $331.33.

Duolingo Price Performance

Shares of DUOL stock opened at $351.97 on Monday. The company has a debt-to-equity ratio of 0.07, a quick ratio of 3.09 and a current ratio of 3.09. Duolingo, Inc. has a 52-week low of $145.05 and a 52-week high of $352.39. The firm’s 50 day moving average price is $292.46 and its two-hundred day moving average price is $228.09. The stock has a market cap of $15.48 billion, a PE ratio of 192.33 and a beta of 0.79.

Duolingo (NASDAQ:DUOL) last released its quarterly earnings data on Wednesday, November 6th. The company reported $0.49 EPS for the quarter, beating analysts’ consensus estimates of $0.35 by $0.14. Duolingo had a net margin of 12.59% and a return on equity of 11.74%. The business had revenue of $192.59 million during the quarter, compared to analysts’ expectations of $189.19 million. During the same quarter in the prior year, the company earned $0.06 EPS. The firm’s quarterly revenue was up 39.9% on a year-over-year basis. As a group, analysts forecast that Duolingo, Inc. will post 2.02 EPS for the current year.

About Duolingo

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.