Catalyst Capital Advisors LLC Makes New Investment in Duolingo, Inc. (NASDAQ:DUOL)

Catalyst Capital Advisors LLC acquired a new stake in Duolingo, Inc. (NASDAQ:DUOL - Free Report) during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 6,150 shares of the company's stock, valued at approximately $1,994,000.

Other hedge funds have also recently modified their holdings of the company. True Wealth Design LLC purchased a new position in shares of Duolingo in the third quarter valued at about $26,000. First Horizon Advisors Inc. purchased a new position in shares of Duolingo during the third quarter valued at about $29,000. Mirae Asset Global Investments Co. Ltd. purchased a new position in shares of Duolingo during the fourth quarter valued at about $31,000. Farther Finance Advisors LLC increased its position in shares of Duolingo by 164.6% during the third quarter. Farther Finance Advisors LLC now owns 127 shares of the company's stock valued at $36,000 after buying an additional 79 shares during the period. Finally, R Squared Ltd purchased a new position in shares of Duolingo during the fourth quarter valued at about $55,000. Hedge funds and other institutional investors own 91.59% of the company's stock.

Duolingo Stock Down 2.2 %

Shares of NASDAQ DUOL traded down $9.83 during midday trading on Wednesday, hitting $431.56. The stock had a trading volume of 558,029 shares, compared to its average volume of 614,468. The business's 50 day moving average is $352.61 and its 200-day moving average is $300.03. The company has a market cap of $18.98 billion, a P/E ratio of 235.83 and a beta of 0.89. Duolingo, Inc. has a 52 week low of $145.05 and a 52 week high of $441.77. The company has a quick ratio of 3.09, a current ratio of 3.09 and a debt-to-equity ratio of 0.07.

Insider Transactions at Duolingo

In related news, CEO Ahn Luis Von sold 41,759 shares of the stock in a transaction that occurred on Thursday, December 12th. The shares were sold at an average price of $340.29, for a total transaction of $14,210,170.11. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, CFO Matthew Skaruppa sold 4,464 shares of the stock in a transaction that occurred on Monday, January 13th. The shares were sold at an average price of $313.55, for a total transaction of $1,399,687.20. Following the transaction, the chief financial officer now owns 63,266 shares in the company, valued at approximately $19,837,054.30. This trade represents a 6.59 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 289,624 shares of company stock worth $98,478,298. Corporate insiders own 18.30% of the company's stock.

Analyst Ratings Changes

DUOL has been the topic of several research analyst reports. UBS Group boosted their price target on shares of Duolingo from $408.00 to $410.00 and gave the company a "buy" rating in a research report on Monday, January 27th. Barclays boosted their price target on shares of Duolingo from $183.00 to $295.00 and gave the company an "equal weight" rating in a research report on Thursday, November 7th. Seaport Res Ptn cut shares of Duolingo from a "strong-buy" rating to a "hold" rating in a research report on Thursday, November 7th. Bank of America cut shares of Duolingo from a "buy" rating to a "neutral" rating and upped their price objective for the stock from $355.00 to $375.00 in a report on Wednesday, December 11th. Finally, Piper Sandler upped their price objective on shares of Duolingo from $271.00 to $351.00 and gave the stock an "overweight" rating in a report on Thursday, November 7th. Seven investment analysts have rated the stock with a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $355.55.

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.