nVerses Capital LLC Increases Position in Duolingo, Inc. (NASDAQ:DUOL)

nVerses Capital LLC lifted its position in shares of Duolingo, Inc. (NASDAQ:DUOL) by 33.3% during the 3rd quarter, according to its most recent disclosure with the SEC. The firm owned 400 shares of the company’s stock after buying an additional 100 shares during the period. nVerses Capital LLC’s holdings in Duolingo were worth $113,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of DUOL. Dragoneer Investment Group LLC purchased a new position in shares of Duolingo during the second quarter valued at approximately $204,768,000. Whale Rock Capital Management LLC raised its stake in Duolingo by 23.9% during the first quarter. Whale Rock Capital Management LLC now owns 1,275,189 shares of the company’s stock worth $281,281,000 after purchasing an additional 245,599 shares during the period. Bank of New York Mellon Corp raised its stake in Duolingo by 153.1% during the second quarter. Bank of New York Mellon Corp now owns 395,123 shares of the company’s stock worth $82,450,000 after purchasing an additional 238,990 shares during the period. Price T Rowe Associates Inc. MD raised its stake 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 worth $80,459,000 after purchasing an additional 154,659 shares during the period. Finally, Clearbridge Investments LLC purchased a new position in shares of Duolingo in the 1st quarter valued at $28,555,000. Hedge funds and other institutional investors own 91.59% of the company’s stock.

Insiders Place Their Bets

In other Duolingo news, CFO Matthew Skaruppa sold 8,000 shares of the firm’s stock in a transaction on Thursday, August 1st. The shares were sold at an average price of $166.50, for a total transaction of $1,332,000.00. Following the completion of the transaction, the chief financial officer now directly owns 95,731 shares of the company’s stock, valued at $15,939,211.50. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In other news, General Counsel Stephen C. Chen sold 19,464 shares of Duolingo stock in a transaction dated Friday, August 30th. The shares were sold at an average price of $211.55, for a total value of $4,117,609.20. Following the completion of the transaction, the general counsel now directly owns 35,558 shares of the company’s stock, valued at approximately $7,522,294.90. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, CFO Matthew Skaruppa sold 8,000 shares of Duolingo stock in a transaction dated Thursday, August 1st. The shares were sold at an average price of $166.50, for a total transaction of $1,332,000.00. Following the completion of the transaction, the chief financial officer now directly owns 95,731 shares of the company’s stock, valued at $15,939,211.50. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 88,374 shares of company stock valued at $18,571,912 in the last ninety days. Corporate insiders own 18.30% of the company’s stock.

Duolingo Price Performance

Shares of DUOL stock opened at $286.12 on Monday. The firm has a market cap of $12.34 billion, a P/E ratio of 294.97 and a beta of 0.79. The company has a debt-to-equity ratio of 0.07, a current ratio of 3.28 and a quick ratio of 3.28. Duolingo, Inc. has a 1-year low of $140.16 and a 1-year high of $297.56. The firm has a fifty day moving average of $243.03 and a two-hundred day moving average of $212.53.

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

Analyst Upgrades and Downgrades

A number of equities analysts have recently commented on DUOL shares. Wolfe Research started coverage on shares of Duolingo in a research note on Tuesday, July 16th. They issued a “peer perform” rating on the stock. Evercore ISI raised shares of Duolingo to a “strong-buy” rating in a research note on Monday, August 5th. Bank of America raised their target price on shares of Duolingo from $292.00 to $298.00 and gave the company a “buy” rating in a research note on Wednesday, September 25th. JMP Securities downgraded shares of Duolingo from an “outperform” rating to a “market perform” rating in a research note on Monday, October 14th. Finally, Barclays cut their target price on shares of Duolingo from $230.00 to $183.00 and set an “equal weight” rating on the stock in a research note on Friday, August 9th. Four investment analysts have rated the stock with a hold rating, seven have issued a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $277.22.

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.