2,053 Shares in Duolingo, Inc. (NASDAQ:DUOL) Purchased by Quantessence Capital LLC

Quantessence Capital LLC purchased a new stake in Duolingo, Inc. (NASDAQ:DUOL - Free Report) in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund purchased 2,053 shares of the company's stock, valued at approximately $666,000.

A number of other institutional investors and hedge funds also recently modified their holdings of the stock. Mirae Asset Global Investments Co. Ltd. acquired a new position in Duolingo during the fourth quarter worth approximately $31,000. Harvest Fund Management Co. Ltd boosted its holdings in Duolingo by 5,050.0% in the fourth quarter. Harvest Fund Management Co. Ltd now owns 103 shares of the company's stock valued at $33,000 after acquiring an additional 101 shares during the last quarter. Global Retirement Partners LLC increased its stake in Duolingo by 1,255.6% during the fourth quarter. Global Retirement Partners LLC now owns 122 shares of the company's stock worth $40,000 after acquiring an additional 113 shares during the last quarter. Smithfield Trust Co raised its holdings in shares of Duolingo by 41.8% in the 4th quarter. Smithfield Trust Co now owns 156 shares of the company's stock worth $51,000 after purchasing an additional 46 shares during the period. Finally, R Squared Ltd acquired a new position in shares of Duolingo in the 4th quarter valued at about $55,000. Institutional investors and hedge funds own 91.59% of the company's stock.

Insiders Place Their Bets

In other news, insider Severin Hacker sold 10,000 shares of the firm's stock in a transaction dated Wednesday, February 5th. The shares were sold at an average price of $391.46, for a total transaction of $3,914,600.00. Following the completion of the transaction, the insider now owns 72 shares in the company, valued at approximately $28,185.12. This trade represents a 99.29 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, CEO Ahn Luis Von sold 8,000 shares of the firm's stock in a transaction that occurred on Tuesday, April 15th. The stock was sold at an average price of $327.41, for a total transaction of $2,619,280.00. The disclosure for this sale can be found here. Insiders sold 84,868 shares of company stock worth $28,754,200 over the last ninety days. Company insiders own 18.30% of the company's stock.

Duolingo Stock Down 3.2 %

Duolingo stock opened at $316.07 on Tuesday. Duolingo, Inc. has a one year low of $145.05 and a one year high of $441.77. The firm has a market capitalization of $14.30 billion, a P/E ratio of 172.72 and a beta of 0.91. The company has a 50-day simple moving average of $331.19 and a 200-day simple moving average of $330.76. 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 - Get Free Report) last issued its quarterly earnings data on Thursday, February 27th. The company reported $0.31 earnings per share for the quarter, missing analysts' consensus estimates of $0.50 by ($0.19). The company had revenue of $209.55 million for the quarter, compared to the consensus estimate of $205.49 million. Duolingo had a net margin of 12.59% and a return on equity of 11.74%. As a group, equities analysts expect that Duolingo, Inc. will post 2.03 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of research analysts have weighed in on the stock. UBS Group reduced their price target on shares of Duolingo from $430.00 to $400.00 and set a "buy" rating on the stock in a research report on Friday, April 11th. Jefferies Financial Group started coverage on Duolingo in a report on Friday, January 24th. They set a "hold" rating and a $370.00 target price on the stock. Citizens Jmp upgraded shares of Duolingo from a "market perform" rating to an "outperform" rating and set a $400.00 price objective on the stock in a report on Tuesday, March 18th. DA Davidson upped their target price on Duolingo from $400.00 to $410.00 and gave the company a "buy" rating in a research report on Thursday, March 27th. Finally, JMP Securities reaffirmed a "market perform" rating on shares of Duolingo in a report on Friday, February 14th. Seven research analysts have rated the stock with a hold rating, seven have given a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat.com, Duolingo has a consensus rating of "Moderate Buy" and a consensus price target of $372.92.

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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