Boston Family Office LLC reduced its holdings in shares of Duolingo, Inc. (NASDAQ:DUOL – Free Report) by 23.2% in the second quarter, according to its most recent filing with the SEC. The fund owned 1,026 shares of the company’s stock after selling 310 shares during the period. Boston Family Office LLC’s holdings in Duolingo were worth $421,000 at the end of the most recent quarter.
Several other hedge funds also recently bought and sold shares of the business. Bryce Point Capital LLC purchased a new position in Duolingo in the 2nd quarter worth about $946,000. Vanguard Group Inc. grew its stake in Duolingo by 3.3% in the 2nd quarter. Vanguard Group Inc. now owns 3,647,951 shares of the company’s stock worth $1,495,733,000 after acquiring an additional 116,135 shares in the last quarter. Los Angeles Capital Management LLC bought a new position in Duolingo in the 2nd quarter worth about $14,377,000. Rhumbline Advisers increased its position in shares of Duolingo by 17.2% during the second quarter. Rhumbline Advisers now owns 124,376 shares of the company’s stock worth $50,997,000 after acquiring an additional 18,210 shares during the period. Finally, Jefferies Financial Group Inc. raised its stake in shares of Duolingo by 117.0% during the second quarter. Jefferies Financial Group Inc. now owns 26,367 shares of the company’s stock valued at $10,811,000 after acquiring an additional 14,219 shares in the last quarter. Institutional investors own 91.59% of the company’s stock.
Insider Buying and Selling
In other Duolingo news, CFO Matthew Skaruppa sold 3,059 shares of Duolingo stock in a transaction on Tuesday, November 18th. The shares were sold at an average price of $175.76, for a total value of $537,649.84. Following the transaction, the chief financial officer directly owned 37,487 shares of the company’s stock, valued at approximately $6,588,715.12. The trade was a 7.54% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Natalie Glance sold 3,283 shares of the company’s stock in a transaction on Wednesday, October 1st. The stock was sold at an average price of $312.30, for a total value of $1,025,280.90. Following the transaction, the insider directly owned 116,171 shares in the company, valued at approximately $36,280,203.30. The trade was a 2.75% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 86,452 shares of company stock worth $21,421,632 in the last 90 days. 15.67% of the stock is owned by corporate insiders.
Duolingo Trading Down 3.2%
Duolingo (NASDAQ:DUOL – Get Free Report) last posted its earnings results on Wednesday, November 5th. The company reported $5.95 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.72 by $5.23. The company had revenue of $271.71 million for the quarter, compared to analyst estimates of $260.14 million. Duolingo had a return on equity of 14.02% and a net margin of 40.03%.The firm’s quarterly revenue was up 41.1% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.49 earnings per share. Duolingo has set its Q4 2025 guidance at EPS. FY 2025 guidance at EPS. Equities research analysts expect that Duolingo, Inc. will post 2.03 EPS for the current fiscal year.
Wall Street Analysts Forecast Growth
Several research analysts recently issued reports on DUOL shares. Evercore ISI set a $330.00 price objective on Duolingo and gave the stock an “outperform” rating in a research note on Thursday, November 6th. Citigroup cut Duolingo from a “buy” rating to a “market perform” rating in a report on Thursday, November 6th. The Goldman Sachs Group cut their price target on Duolingo from $425.00 to $250.00 and set a “neutral” rating on the stock in a research note on Friday, November 7th. Weiss Ratings restated a “hold (c+)” rating on shares of Duolingo in a report on Tuesday, November 25th. Finally, Citizens Jmp cut shares of Duolingo from a “market outperform” rating to a “hold” rating in a report on Thursday, November 6th. Ten research analysts have rated the stock with a Buy rating, twelve have issued a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $340.53.
View Our Latest Stock Analysis on DUOL
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.
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