Bank of Montreal Can Sells 5,010 Shares of Duolingo, Inc. (NASDAQ:DUOL)

Bank of Montreal Can decreased its stake in shares of Duolingo, Inc. (NASDAQ:DUOL - Free Report) by 55.0% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 4,094 shares of the company's stock after selling 5,010 shares during the quarter. Bank of Montreal Can's holdings in Duolingo were worth $1,327,000 as of its most recent filing with the Securities & Exchange Commission.

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

Wall Street Analysts Forecast Growth

DUOL has been the subject of several recent research reports. Jefferies Financial Group initiated coverage on Duolingo in a report on Friday, January 24th. They set a "hold" rating and a $370.00 price objective for the company. Piper Sandler upped their price objective on shares of Duolingo from $351.00 to $390.00 and gave the stock an "overweight" rating in a report on Friday, February 28th. Citizens Jmp raised shares of Duolingo from a "market perform" rating to an "outperform" rating and set a $400.00 price objective on the stock in a research note on Tuesday, March 18th. Barclays boosted their target price on shares of Duolingo from $295.00 to $330.00 and gave the stock an "equal weight" rating in a research report on Friday, February 28th. Finally, DA Davidson raised their price target on shares of Duolingo from $400.00 to $410.00 and gave the company a "buy" rating in a research report on Thursday, March 27th. Seven research analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average price target of $376.15.

Duolingo Stock Performance

Shares of DUOL traded up $33.14 during mid-day trading on Wednesday, hitting $369.48. The stock had a trading volume of 372,566 shares, compared to its average volume of 833,491. The company has a debt-to-equity ratio of 0.07, a current ratio of 3.09 and a quick ratio of 3.09. The firm has a market cap of $16.72 billion, a P/E ratio of 201.90 and a beta of 0.91. Duolingo, Inc. has a 52 week low of $145.05 and a 52 week high of $441.77. The business has a fifty day moving average price of $329.31 and a 200-day moving average price of $330.80.

Duolingo (NASDAQ:DUOL - Get Free Report) last announced its quarterly earnings data on Thursday, February 27th. The company reported $0.31 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.50 by ($0.19). The firm had revenue of $209.55 million during 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%. On average, equities research analysts expect that Duolingo, Inc. will post 2.03 EPS for the current year.

Insiders Place Their Bets

In other news, Director Gillian Munson sold 5,000 shares of the company's stock in a transaction dated Thursday, March 20th. The stock was sold at an average price of $310.00, for a total transaction of $1,550,000.00. Following the sale, the director now directly owns 3,530 shares in the company, valued at $1,094,300. This represents a 58.62 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at 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 shares were 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 have sold a total of 84,868 shares of company stock worth $28,754,200 over the last 90 days. Corporate insiders own 18.30% of the company's stock.

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.