Profund Advisors LLC Invests $224,000 in Duolingo, Inc. (NASDAQ:DUOL)

Profund Advisors LLC purchased a new stake in shares of Duolingo, Inc. (NASDAQ:DUOL) in the second quarter, according to its most recent disclosure with the SEC. The firm purchased 1,074 shares of the company’s stock, valued at approximately $224,000.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in DUOL. Whale Rock Capital Management LLC boosted its position in Duolingo by 23.9% in the 1st quarter. Whale Rock Capital Management LLC now owns 1,275,189 shares of the company’s stock valued at $281,281,000 after buying an additional 245,599 shares during the last quarter. Bank of New York Mellon Corp boosted its holdings in Duolingo by 153.1% in 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 purchasing an additional 238,990 shares during the last quarter. Price T Rowe Associates Inc. MD boosted its holdings in Duolingo by 73.6% in 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 purchasing an additional 154,659 shares during the last quarter. Clearbridge Investments LLC acquired a new stake in Duolingo during the 1st quarter valued at approximately $28,555,000. Finally, Vanguard Group Inc. increased its holdings in Duolingo by 4.1% during the 4th quarter. Vanguard Group Inc. now owns 3,320,429 shares of the company’s stock worth $753,239,000 after purchasing an additional 129,290 shares during the last quarter. Hedge funds and other institutional investors own 91.59% of the company’s stock.

Insider Buying and Selling at Duolingo

In other news, insider Robert Meese sold 5,000 shares of the company’s stock in a transaction dated Wednesday, September 25th. The shares were sold at an average price of $285.04, for a total transaction of $1,425,200.00. Following the completion of the transaction, the insider now owns 142,053 shares in the company, valued at $40,490,787.12. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In related news, insider Robert Meese sold 5,000 shares of Duolingo stock in a transaction dated Wednesday, September 25th. The shares were sold at an average price of $285.04, for a total value of $1,425,200.00. Following the sale, the insider now directly owns 142,053 shares in the company, valued at approximately $40,490,787.12. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, insider Natalie Glance sold 1,500 shares of the company’s stock in a transaction dated Friday, September 6th. The stock was sold at an average price of $207.51, for a total transaction of $311,265.00. Following the completion of the transaction, the insider now owns 139,760 shares of the company’s stock, valued at approximately $29,001,597.60. The disclosure for this sale can be found here. Over the last three months, insiders have sold 106,374 shares of company stock worth $22,019,727. 18.30% of the stock is owned by insiders.

Duolingo Stock Performance

Shares of NASDAQ DUOL opened at $278.03 on Friday. The company has a quick ratio of 3.28, a current ratio of 3.28 and a debt-to-equity ratio of 0.07. The firm’s 50-day moving average price is $208.21 and its two-hundred day moving average price is $206.07. Duolingo, Inc. has a 52-week low of $140.16 and a 52-week high of $297.56. The stock has a market capitalization of $11.99 billion, a P/E ratio of 286.63 and a beta of 0.76.

Duolingo (NASDAQ:DUOL) last announced its quarterly earnings results on Wednesday, August 7th. The company reported $0.51 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.32 by $0.19. The business had revenue of $178.30 million for the quarter, compared to the consensus estimate of $177.13 million. Duolingo had a return on equity of 9.64% and a net margin of 10.44%. The business’s revenue was up 40.6% on a year-over-year basis. During the same quarter last year, the business posted $0.08 EPS. As a group, sell-side analysts forecast that Duolingo, Inc. will post 1.87 earnings per share for the current year.

Analysts Set New Price Targets

Several research firms have recently commented on DUOL. Needham & Company LLC increased their target price on Duolingo from $245.00 to $310.00 and gave the company a “buy” rating in a research note on Wednesday. Piper Sandler reiterated an “overweight” rating and set a $271.00 price objective on shares of Duolingo in a research note on Friday, August 30th. DA Davidson reissued a “buy” rating and issued a $250.00 target price on shares of Duolingo in a research report on Tuesday, September 10th. JPMorgan Chase & Co. increased their price target on shares of Duolingo from $255.00 to $303.00 and gave the stock an “overweight” rating in a research report on Wednesday. Finally, Bank of America boosted their price objective on Duolingo from $292.00 to $298.00 and gave the company a “buy” rating in a report on Wednesday. One investment analyst has rated the stock with a sell rating, two have given a hold rating, eight have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus 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.