Atria Wealth Solutions Inc. Purchases 550 Shares of Duolingo, Inc. (NASDAQ:DUOL)

Atria Wealth Solutions Inc. grew its position in shares of Duolingo, Inc. (NASDAQ:DUOL) by 24.3% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 2,815 shares of the company’s stock after buying an additional 550 shares during the period. Atria Wealth Solutions Inc.’s holdings in Duolingo were worth $639,000 at the end of the most recent quarter.

Other large investors have also recently added to or reduced their stakes in the company. Redhawk Wealth Advisors Inc. increased its position in shares of Duolingo by 0.8% in the fourth quarter. Redhawk Wealth Advisors Inc. now owns 8,831 shares of the company’s stock worth $2,003,000 after purchasing an additional 72 shares during the period. Xponance Inc. increased its position in shares of Duolingo by 4.8% in the fourth quarter. Xponance Inc. now owns 1,774 shares of the company’s stock worth $402,000 after purchasing an additional 82 shares during the period. PNC Financial Services Group Inc. increased its position in shares of Duolingo by 4.4% in the third quarter. PNC Financial Services Group Inc. now owns 3,902 shares of the company’s stock worth $647,000 after purchasing an additional 165 shares during the period. FSC Wealth Advisors LLC bought a new position in shares of Duolingo in the fourth quarter worth $39,000. Finally, Victory Capital Management Inc. increased its position in shares of Duolingo by 6.6% in the third quarter. Victory Capital Management Inc. now owns 3,732 shares of the company’s stock worth $619,000 after purchasing an additional 232 shares during the period. Institutional investors own 91.59% of the company’s stock.

Insider Activity

In other news, CEO Ahn Luis Von sold 13,600 shares of the firm’s stock in a transaction dated Tuesday, March 5th. The stock was sold at an average price of $208.34, for a total transaction of $2,833,424.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other Duolingo news, insider Natalie Glance sold 1,500 shares of the company’s stock in a transaction on Tuesday, February 6th. The shares were sold at an average price of $180.07, for a total transaction of $270,105.00. Following the sale, the insider now owns 129,188 shares of the company’s stock, valued at $23,262,883.16. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Ahn Luis Von sold 13,600 shares of the stock in a transaction dated Tuesday, March 5th. The stock was sold at an average price of $208.34, for a total value of $2,833,424.00. The disclosure for this sale can be found here. Over the last quarter, insiders sold 125,223 shares of company stock valued at $27,171,605. Company insiders own 19.85% of the company’s stock.

Analyst Ratings Changes

A number of research analysts recently commented on DUOL shares. JPMorgan Chase & Co. started coverage on Duolingo in a research report on Monday, March 11th. They issued an “overweight” rating and a $270.00 price target on the stock. UBS Group raised their price objective on Duolingo from $230.00 to $275.00 and gave the company a “buy” rating in a research note on Thursday, February 29th. Bank of America raised their price objective on Duolingo from $230.00 to $260.00 and gave the company a “neutral” rating in a research note on Thursday, February 29th. Needham & Company LLC raised 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. Finally, Barclays raised their price objective on Duolingo from $173.00 to $243.00 and gave the company an “equal weight” rating in a research note on Thursday, February 29th. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and five have given a buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $245.13.

Duolingo Stock Performance

Shares of DUOL stock opened at $240.00 on Friday. The business’s 50-day moving average price is $217.86 and its 200-day moving average price is $205.05. Duolingo, Inc. has a 12 month low of $116.82 and a 12 month high of $245.87. The firm has a market capitalization of $10.29 billion, a price-to-earnings ratio of 705.90 and a beta of 0.82. The company has a current ratio of 3.24, a quick ratio of 3.24 and a debt-to-equity ratio of 0.03.

Duolingo (NASDAQ:DUOL) last announced its quarterly earnings results on Wednesday, February 28th. The company reported $0.26 EPS for the quarter, beating analysts’ consensus estimates of $0.21 by $0.05. Duolingo had a return on equity of 2.64% and a net margin of 3.03%. The firm had revenue of $150.99 million for the quarter, compared to analyst estimates of $146.98 million. Equities research analysts forecast that Duolingo, Inc. will post 1.38 EPS for the current year.

Duolingo 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.