15,425 Shares in Duolingo, Inc. (NASDAQ:DUOL) Acquired by Rockefeller Capital Management L.P.

Rockefeller Capital Management L.P. bought a new position in Duolingo, Inc. (NASDAQ:DUOL - Free Report) during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 15,425 shares of the company's stock, valued at approximately $4,350,000.

Several other large investors also recently added to or reduced their stakes in the business. Spyglass Capital Management LLC acquired a new stake in Duolingo in the 3rd quarter worth approximately $38,512,000. FORA Capital LLC bought a new position in Duolingo in the 3rd quarter worth $2,033,000. CreativeOne Wealth LLC bought a new position in Duolingo in the 3rd quarter worth $1,180,000. Healthcare of Ontario Pension Plan Trust Fund acquired a new position in Duolingo during the 3rd quarter worth $717,000. Finally, Glenmede Trust Co. NA bought a new stake in Duolingo during the 3rd quarter valued at approximately $243,000. 91.59% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several research firms have recently issued reports on DUOL. DA Davidson boosted their price objective on shares of Duolingo from $250.00 to $350.00 and gave the stock a "buy" rating in a report on Thursday, November 7th. Needham & Company LLC raised their price objective on Duolingo from $310.00 to $370.00 and gave the stock a "buy" rating in a research report on Thursday, November 7th. Seaport Res Ptn cut Duolingo from a "strong-buy" rating to a "hold" rating in a research report on Thursday, November 7th. The Goldman Sachs Group boosted their price target on shares of Duolingo from $250.00 to $275.00 and gave the company a "neutral" rating in a report on Thursday, November 7th. Finally, Piper Sandler lifted their target price on shares of Duolingo from $271.00 to $351.00 and gave the company an "overweight" rating in a research report on Thursday, November 7th. Five investment analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average target price of $340.70.

Duolingo Price Performance

NASDAQ:DUOL traded up $10.27 during mid-day trading on Thursday, reaching $374.92. 338,331 shares of the company were exchanged, compared to its average volume of 690,006. The company has a quick ratio of 3.09, a current ratio of 3.09 and a debt-to-equity ratio of 0.07. The stock has a market cap of $16.49 billion, a PE ratio of 205.30 and a beta of 0.85. Duolingo, Inc. has a 12 month low of $145.05 and a 12 month high of $378.08. The company has a fifty day moving average of $307.07 and a 200 day moving average of $237.24.

Duolingo (NASDAQ:DUOL - Get Free Report) last issued its quarterly earnings results on Wednesday, November 6th. The company reported $0.49 earnings per share for the quarter, beating 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 business had revenue of $192.59 million during the quarter, compared to analyst estimates of $189.19 million. During the same quarter last year, the business posted $0.06 earnings per share. Duolingo's revenue for the quarter was up 39.9% compared to the same quarter last year. On average, research analysts anticipate that Duolingo, Inc. will post 2.02 EPS for the current fiscal year.

Insider Activity

In other news, insider Robert Meese sold 5,000 shares of the company's stock in a transaction dated Friday, September 20th. The stock was sold at an average price of $270.00, for a total value of $1,350,000.00. Following the completion of the sale, the insider now directly owns 147,053 shares of the company's stock, valued at $39,704,310. This represents a 3.29 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, insider Natalie Glance sold 1,500 shares of the business's stock in a transaction that occurred on Friday, September 6th. The shares were sold at an average price of $207.51, for a total value of $311,265.00. Following the completion of the transaction, the insider now owns 139,760 shares of the company's stock, valued at $29,001,597.60. This represents a 1.06 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 19,319 shares of company stock valued at $5,134,526 over the last 90 days. 18.30% of the stock is owned by company insiders.

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.