Atria Investments Inc Makes New $279,000 Investment in Duolingo, Inc. (NASDAQ:DUOL)

Atria Investments Inc acquired a new stake in shares of Duolingo, Inc. (NASDAQ:DUOL) during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 990 shares of the company’s stock, valued at approximately $279,000.

Several other hedge funds have also recently made changes to their positions in DUOL. Larson Financial Group LLC acquired a new stake in Duolingo during the 2nd quarter valued at approximately $31,000. Blue Trust Inc. purchased a new position in shares of Duolingo during the second quarter worth $32,000. GAMMA Investing LLC lifted its position in Duolingo by 350.0% during the second quarter. GAMMA Investing LLC now owns 171 shares of the company’s stock valued at $36,000 after purchasing an additional 133 shares during the period. Mark Sheptoff Financial Planning LLC purchased a new stake in Duolingo in the second quarter valued at $36,000. Finally, Farther Finance Advisors LLC grew its position in Duolingo by 164.6% during the 3rd quarter. Farther Finance Advisors LLC now owns 127 shares of the company’s stock worth $36,000 after purchasing an additional 79 shares during the period. 91.59% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

DUOL has been the subject of a number of analyst reports. Piper Sandler boosted their price target on Duolingo from $271.00 to $351.00 and gave the company an “overweight” rating in a report on Thursday, November 7th. Barclays boosted their target price on shares of Duolingo from $183.00 to $295.00 and gave the company an “equal weight” rating in a research note on Thursday, November 7th. JMP Securities lowered shares of Duolingo from an “outperform” rating to a “market perform” rating in a research report on Monday, October 14th. JPMorgan Chase & Co. lifted their price objective on shares of Duolingo from $303.00 to $360.00 and gave the company an “overweight” rating in a report on Thursday, November 7th. Finally, UBS Group increased their target price on shares of Duolingo from $355.00 to $408.00 and gave the stock a “buy” rating in a research note on Thursday, November 14th. Five equities research analysts have rated the stock with a hold rating, six have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $331.33.

Duolingo Stock Up 3.0 %

DUOL stock opened at $351.97 on Friday. Duolingo, Inc. has a one year low of $145.05 and a one year high of $352.39. The firm has a market cap of $15.48 billion, a PE ratio of 192.33 and a beta of 0.79. The firm’s 50 day moving average price is $292.46 and its 200-day moving average price is $228.35. The company has a debt-to-equity ratio of 0.07, a quick ratio of 3.09 and a current ratio of 3.09.

Duolingo (NASDAQ:DUOL) last posted its quarterly earnings data on Wednesday, November 6th. The company reported $0.49 earnings per share for the quarter, topping analysts’ consensus estimates of $0.35 by $0.14. Duolingo had a net margin of 12.59% and a return on equity of 11.74%. The firm had revenue of $192.59 million during the quarter, compared to analysts’ expectations of $189.19 million. During the same quarter last year, the company posted $0.06 EPS. The firm’s quarterly revenue was up 39.9% on a year-over-year basis. On average, equities research analysts anticipate that Duolingo, Inc. will post 2.02 EPS for the current year.

Insider Buying and Selling

In related news, CFO Matthew Skaruppa sold 14,000 shares of Duolingo stock in a transaction on Tuesday, September 3rd. The shares were sold at an average price of $207.44, for a total transaction of $2,904,160.00. Following the sale, the chief financial officer now directly owns 88,856 shares in the company, valued at $18,432,288.64. This trade represents a 13.61 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Natalie Glance sold 1,500 shares of the company’s stock in a transaction on Wednesday, November 6th. The shares were sold at an average price of $313.36, for a total transaction of $470,040.00. Following the completion of the transaction, the insider now owns 136,760 shares of the company’s stock, valued at $42,855,113.60. This represents a 1.08 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 52,783 shares of company stock valued at $12,156,296 in the last three months. 18.30% of the stock is 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.