Calamos Advisors LLC Has $1.72 Million Stock Holdings in Duolingo, Inc. (NASDAQ:DUOL)

Calamos Advisors LLC increased its position in Duolingo, Inc. (NASDAQ:DUOL) by 346.5% in the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 7,559 shares of the company’s stock after acquiring an additional 5,866 shares during the quarter. Calamos Advisors LLC’s holdings in Duolingo were worth $1,715,000 at the end of the most recent quarter.

Other large investors have also added to or reduced their stakes in the company. CHURCHILL MANAGEMENT Corp bought a new stake in shares of Duolingo in the 4th quarter valued at about $1,411,000. Raymond James & Associates acquired a new stake in Duolingo during the 4th quarter valued at approximately $4,211,000. Cerity Partners LLC raised its holdings in Duolingo by 2,767.0% during the 4th quarter. Cerity Partners LLC now owns 46,789 shares of the company’s stock worth $10,614,000 after purchasing an additional 45,157 shares during the last quarter. Wellington Management Group LLP raised its holdings in Duolingo by 147.6% during the 3rd quarter. Wellington Management Group LLP now owns 602,200 shares of the company’s stock worth $99,887,000 after purchasing an additional 358,938 shares during the last quarter. Finally, International Assets Investment Management LLC acquired a new position in shares of Duolingo in the 4th quarter worth approximately $4,374,000. Institutional investors own 91.59% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts recently weighed in on DUOL shares. The Goldman Sachs Group lifted their target price on shares of Duolingo from $160.00 to $190.00 and gave the stock a “sell” rating in a research note on Thursday, February 29th. Needham & Company LLC boosted their price objective on Duolingo from $210.00 to $241.00 and gave the company a “buy” rating in a research note on Thursday, February 29th. JPMorgan Chase & Co. started coverage on Duolingo in a research note on Monday, March 11th. They set an “overweight” rating and a $270.00 target price for the company. UBS Group boosted their price target on Duolingo from $230.00 to $275.00 and gave the company a “buy” rating in a research note on Thursday, February 29th. Finally, Seaport Res Ptn reaffirmed a “buy” rating on shares of Duolingo in a research report on Tuesday, February 27th. One analyst has rated the stock with a sell rating, five have assigned a hold rating and five have assigned a buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $245.13.

Duolingo Price Performance

Shares of NASDAQ:DUOL opened at $200.15 on Monday. Duolingo, Inc. has a twelve month low of $116.82 and a twelve month high of $245.87. The stock’s 50 day moving average is $209.90 and its 200-day moving average is $201.79. The company has a quick ratio of 3.24, a current ratio of 3.24 and a debt-to-equity ratio of 0.03. The firm has a market capitalization of $8.58 billion, a price-to-earnings ratio of 588.69 and a beta of 0.83.

Duolingo (NASDAQ:DUOL) last released its quarterly earnings data on Wednesday, February 28th. The company reported $0.26 earnings per share for the quarter, topping the consensus estimate of $0.21 by $0.05. The firm had revenue of $150.99 million for the quarter, compared to the consensus estimate of $146.98 million. Duolingo had a net margin of 3.03% and a return on equity of 2.64%. Sell-side analysts forecast that Duolingo, Inc. will post 1.38 EPS for the current fiscal year.

Insider Buying and Selling at Duolingo

In other news, insider Natalie Glance sold 1,500 shares of the stock in a transaction that occurred on Monday, April 8th. The stock was sold at an average price of $215.35, for a total value of $323,025.00. Following the completion of the sale, the insider now directly owns 124,505 shares of the company’s stock, valued at $26,812,151.75. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. In related news, insider Severin Hacker sold 10,000 shares of the business’s stock in a transaction dated Monday, April 1st. The shares were sold at an average price of $218.42, for a total transaction of $2,184,200.00. Following the transaction, the insider now directly owns 72 shares in the company, valued at $15,726.24. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, insider Natalie Glance sold 1,500 shares of the company’s stock in a transaction dated Monday, April 8th. The stock was sold at an average price of $215.35, for a total transaction of $323,025.00. Following the completion of the sale, the insider now directly owns 124,505 shares of the company’s stock, valued at $26,812,151.75. The disclosure for this sale can be found here. In the last quarter, insiders sold 113,223 shares of company stock worth $23,682,665. Insiders own 19.85% of the company’s stock.

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.