Bryce Point Capital LLC Acquires Shares of 5,505 Duolingo, Inc. (NASDAQ:DUOL)

Bryce Point Capital LLC bought a new position in shares of Duolingo, Inc. (NASDAQ:DUOL - Free Report) in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 5,505 shares of the company's stock, valued at approximately $1,785,000. Duolingo makes up 0.5% of Bryce Point Capital LLC's holdings, making the stock its 25th largest position.

Several other hedge funds have also modified their holdings of the business. Townsquare Capital LLC purchased a new position in Duolingo in the third quarter worth $277,000. Glenmede Trust Co. NA acquired a new position in shares of Duolingo during the 3rd quarter worth $243,000. Healthcare of Ontario Pension Plan Trust Fund purchased a new position in shares of Duolingo in the 3rd quarter valued at about $717,000. Rockefeller Capital Management L.P. acquired a new stake in shares of Duolingo in the third quarter valued at about $4,350,000. Finally, Captrust Financial Advisors boosted its holdings in Duolingo by 90.8% during the third quarter. Captrust Financial Advisors now owns 12,871 shares of the company's stock worth $3,630,000 after buying an additional 6,126 shares in the last quarter. 91.59% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Duolingo

In related news, CFO Matthew Skaruppa sold 4,464 shares of the stock in a transaction on Monday, January 13th. The stock was sold at an average price of $313.55, for a total value of $1,399,687.20. Following the transaction, the chief financial officer now directly owns 63,266 shares of the company's stock, valued at approximately $19,837,054.30. This trade represents a 6.59 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, insider Severin Hacker sold 10,000 shares of the business's stock in a transaction dated Tuesday, January 21st. The shares were sold at an average price of $333.95, for a total value of $3,339,500.00. Following the sale, the insider now directly owns 72 shares of the company's stock, valued at approximately $24,044.40. This trade represents a 99.29 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 89,332 shares of company stock worth $30,517,807 in the last quarter. 18.30% of the stock is owned by insiders.

Remove Ads

Wall Street Analysts Forecast Growth

A number of brokerages have issued reports on DUOL. JPMorgan Chase & Co. increased their target price on shares of Duolingo from $400.00 to $410.00 and gave the company an "overweight" rating in a report on Friday, February 28th. The Goldman Sachs Group lifted their price objective on Duolingo from $275.00 to $340.00 and gave the stock a "neutral" rating in a report on Monday, March 3rd. UBS Group set a $400.00 target price on Duolingo in a report on Tuesday, March 18th. Jefferies Financial Group started coverage on Duolingo in a research note on Friday, January 24th. They set a "hold" rating and a $370.00 price target for the company. Finally, JMP Securities reissued a "market perform" rating on shares of Duolingo in a research note on Friday, February 14th. Seven equities research analysts have rated the stock with a hold rating, seven have issued a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average price target of $377.08.

Duolingo Trading Down 1.6 %

Shares of NASDAQ:DUOL traded down $4.78 during trading on Monday, reaching $288.10. The stock had a trading volume of 767,291 shares, compared to its average volume of 851,090. The business has a fifty day moving average price of $345.60 and a 200-day moving average price of $327.31. 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 $13.03 billion, a P/E ratio of 158.04 and a beta of 0.91. Duolingo, Inc. has a fifty-two week low of $145.05 and a fifty-two week high of $441.77.

Duolingo (NASDAQ:DUOL - Get Free Report) last posted its quarterly earnings data on Thursday, February 27th. The company reported $0.31 EPS for the quarter, missing analysts' consensus estimates of $0.50 by ($0.19). Duolingo had a net margin of 12.59% and a return on equity of 11.74%. The company had revenue of $209.55 million for the quarter, compared to analyst estimates of $205.49 million. As a group, analysts anticipate that Duolingo, Inc. will post 2.03 earnings per share for the current fiscal year.

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.