Principal Securities Inc. Sells 349 Shares of Duolingo, Inc. (NASDAQ:DUOL)

Principal Securities Inc. cut its holdings in shares of Duolingo, Inc. (NASDAQ:DUOL) by 68.0% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 164 shares of the company’s stock after selling 349 shares during the quarter. Principal Securities Inc.’s holdings in Duolingo were worth $53,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Lecap Asset Management Ltd. acquired a new stake in shares of Duolingo in the fourth quarter valued at about $429,000. Charles Schwab Investment Management Inc. grew its stake in Duolingo by 42.2% in the third quarter. Charles Schwab Investment Management Inc. now owns 342,280 shares of the company’s stock valued at $96,530,000 after purchasing an additional 101,653 shares in the last quarter. Lisanti Capital Growth LLC increased its position in shares of Duolingo by 17.8% during the 3rd quarter. Lisanti Capital Growth LLC now owns 11,645 shares of the company’s stock worth $3,284,000 after purchasing an additional 1,760 shares during the last quarter. Rockefeller Capital Management L.P. bought a new stake in shares of Duolingo during the 3rd quarter worth approximately $4,350,000. Finally, Diversified Trust Co bought a new stake in shares of Duolingo during the 4th quarter worth approximately $784,000. 91.59% of the stock is owned by institutional investors.

Duolingo Price Performance

Shares of NASDAQ DUOL opened at $375.78 on Friday. The business’s 50 day moving average is $360.31 and its 200-day moving average is $309.24. The firm has a market cap of $16.53 billion, a P/E ratio of 205.35 and a beta of 0.89. Duolingo, Inc. has a 1-year low of $145.05 and a 1-year high of $441.77. The company has a current ratio of 3.09, a quick ratio of 3.09 and a debt-to-equity ratio of 0.07.

Wall Street Analysts Forecast Growth

A number of equities analysts recently weighed in on the stock. Piper Sandler boosted their target price on shares of Duolingo from $271.00 to $351.00 and gave the stock an “overweight” rating in a report on Thursday, November 7th. Barclays boosted their price objective on shares of Duolingo from $183.00 to $295.00 and gave the stock an “equal weight” rating in a research note on Thursday, November 7th. UBS Group raised their target price on shares of Duolingo from $408.00 to $410.00 and gave the company a “buy” rating in a research note on Monday, January 27th. Scotiabank began coverage on Duolingo in a research report on Thursday, December 5th. They set a “sector outperform” rating and a $425.00 price target on the stock. Finally, JMP Securities reaffirmed a “market perform” rating on shares of Duolingo in a research report on Friday, February 14th. Seven investment analysts have rated the stock with a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $355.55.

Insider Buying and Selling at Duolingo

In related news, CEO Ahn Luis Von sold 41,759 shares of the company’s stock in a transaction dated Thursday, December 12th. The shares were sold at an average price of $340.29, for a total value of $14,210,170.11. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, insider Natalie Glance sold 2,667 shares of the firm’s stock in a transaction dated Tuesday, February 18th. The stock was sold at an average price of $435.28, for a total transaction of $1,160,891.76. Following the transaction, the insider now directly owns 129,572 shares in the company, valued at approximately $56,400,100.16. This represents a 2.02 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 305,639 shares of company stock valued at $105,445,057 in the last ninety days. 18.30% of the stock is currently owned by corporate insiders.

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.