Duolingo, Inc. $DUOL Shares Bought by Algert Global LLC

Algert Global LLC raised its position in shares of Duolingo, Inc. (NASDAQ:DUOL) by 51.5% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 40,050 shares of the company’s stock after acquiring an additional 13,613 shares during the period. Algert Global LLC owned approximately 0.09% of Duolingo worth $12,890,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in DUOL. Atlantic Union Bankshares Corp acquired a new position in Duolingo during the third quarter valued at approximately $32,000. Farther Finance Advisors LLC increased its holdings in Duolingo by 82.2% in the 3rd quarter. Farther Finance Advisors LLC now owns 133 shares of the company’s stock valued at $43,000 after purchasing an additional 60 shares in the last quarter. Cornerstone Planning Group LLC raised its position in Duolingo by 8,900.0% in the third quarter. Cornerstone Planning Group LLC now owns 180 shares of the company’s stock valued at $58,000 after purchasing an additional 178 shares during the period. Globeflex Capital L P purchased a new position in Duolingo in the second quarter valued at about $77,000. Finally, Huntington National Bank lifted its stake in shares of Duolingo by 103.0% during the third quarter. Huntington National Bank now owns 205 shares of the company’s stock worth $66,000 after purchasing an additional 104 shares in the last quarter. 91.59% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, insider Natalie Glance sold 3,545 shares of the business’s stock in a transaction dated Wednesday, February 18th. The shares were sold at an average price of $113.51, for a total transaction of $402,392.95. Following the completion of the sale, the insider owned 115,380 shares of the company’s stock, valued at $13,096,783.80. This represents a 2.98% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, General Counsel Stephen C. Chen sold 1,901 shares of the stock in a transaction dated Wednesday, February 18th. The stock was sold at an average price of $113.26, for a total transaction of $215,307.26. Following the sale, the general counsel owned 30,545 shares in the company, valued at approximately $3,459,526.70. This trade represents a 5.86% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last 90 days, insiders sold 14,939 shares of company stock worth $1,676,291. Company insiders own 18.30% of the company’s stock.

Duolingo Stock Performance

Shares of Duolingo stock opened at $98.39 on Monday. The company has a debt-to-equity ratio of 0.07, a quick ratio of 2.61 and a current ratio of 2.61. Duolingo, Inc. has a 1 year low of $91.99 and a 1 year high of $544.93. The firm’s 50-day simple moving average is $128.43 and its 200-day simple moving average is $206.57. The firm has a market cap of $4.55 billion, a PE ratio of 11.55, a price-to-earnings-growth ratio of 0.69 and a beta of 0.90.

Duolingo (NASDAQ:DUOL) last announced its quarterly earnings data on Thursday, February 26th. The company reported $0.91 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.79 by $0.12. The firm had revenue of $282.87 million for the quarter, compared to analysts’ expectations of $275.95 million. Duolingo had a return on equity of 14.88% and a net margin of 39.91%.The company’s revenue was up 35.0% compared to the same quarter last year. Equities analysts forecast that Duolingo, Inc. will post 2.03 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several equities research analysts recently commented on the company. Zacks Research downgraded Duolingo from a “hold” rating to a “strong sell” rating in a report on Monday, March 2nd. Wells Fargo & Company decreased their price target on Duolingo from $185.00 to $160.00 and set an “underweight” rating for the company in a report on Thursday, January 8th. UBS Group set a $245.00 price objective on shares of Duolingo in a research report on Monday, January 5th. BMO Capital Markets upgraded shares of Duolingo to a “buy” rating in a research note on Monday, January 12th. Finally, Citigroup restated a “neutral” rating and issued a $101.00 target price (down from $270.00) on shares of Duolingo in a research note on Friday, February 27th. Five analysts have rated the stock with a Buy rating, sixteen have issued a Hold rating and two have given a Sell rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and an average target price of $206.32.

Duolingo Profile

Duolingo, Inc (NASDAQ:DUOL) is a technology-driven education company that operates a widely used language-learning platform. Founded in 2011 by Luis von Ahn and Severin Hacker, Duolingo offers a freemium service featuring bite-sized lessons, gamified exercises and adaptive learning algorithms. The company’s core product is its mobile and web application, which supports instruction in more than 40 languages, ranging from widely spoken tongues such as English and Spanish to lesser-taught options including Irish and Swahili.

In addition to its flagship language courses, Duolingo has expanded its product suite to include the Duolingo English Test, an on-demand, computer-based English proficiency exam designed for academic and professional admissions.