Rockefeller Capital Management L.P. Sells 5,263 Shares of Duolingo, Inc. (NASDAQ:DUOL)

Rockefeller Capital Management L.P. lessened its holdings in shares of Duolingo, Inc. (NASDAQ:DUOL - Free Report) by 34.1% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 10,162 shares of the company's stock after selling 5,263 shares during the quarter. Rockefeller Capital Management L.P.'s holdings in Duolingo were worth $3,295,000 at the end of the most recent reporting period.

Other large investors have also recently modified their holdings of the company. Barclays PLC boosted its position in shares of Duolingo by 90.9% in the third quarter. Barclays PLC now owns 42,613 shares of the company's stock valued at $12,018,000 after acquiring an additional 20,289 shares during the period. Sanctuary Advisors LLC bought a new position in shares of Duolingo in the third quarter worth $199,000. Tidal Investments LLC raised its position in shares of Duolingo by 8.0% in the third quarter. Tidal Investments LLC now owns 1,561 shares of the company's stock worth $440,000 after buying an additional 115 shares in the last quarter. Lord Abbett & CO. LLC boosted its stake in Duolingo by 63.6% during the third quarter. Lord Abbett & CO. LLC now owns 197,670 shares of the company's stock valued at $55,747,000 after buying an additional 76,875 shares during the period. Finally, GAMMA Investing LLC grew its position in Duolingo by 60.1% during the fourth quarter. GAMMA Investing LLC now owns 570 shares of the company's stock worth $185,000 after buying an additional 214 shares in the last quarter. Hedge funds and other institutional investors own 91.59% of the company's stock.

Insider Activity at Duolingo

In other news, insider Natalie Glance sold 9,020 shares of the company's stock in a transaction on Wednesday, March 5th. The stock was sold at an average price of $290.59, for a total transaction of $2,621,121.80. Following the transaction, the insider now directly owns 130,733 shares of the company's stock, valued at $37,989,702.47. This represents a 6.45 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, General Counsel Stephen C. Chen sold 2,064 shares of Duolingo stock in a transaction dated Tuesday, February 18th. The stock was sold at an average price of $435.12, for a total value of $898,087.68. Following the completion of the sale, the general counsel now owns 34,634 shares of the company's stock, valued at $15,069,946.08. The trade was a 5.62 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 94,868 shares of company stock valued at $31,897,800. 18.30% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on DUOL. Citizens Jmp upgraded Duolingo from a "market perform" rating to an "outperform" rating and set a $400.00 price target for the company in a research report on Tuesday, March 18th. Piper Sandler lifted their target price on shares of Duolingo from $351.00 to $390.00 and gave the stock an "overweight" rating in a research report on Friday, February 28th. DA Davidson upped 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. Morgan Stanley initiated coverage on Duolingo in a research note on Wednesday. They set an "overweight" rating and a $435.00 price objective on the stock. Finally, JPMorgan Chase & Co. dropped their target price on Duolingo from $410.00 to $360.00 and set an "overweight" rating for the company in a report on Tuesday, April 8th. Seven investment analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat.com, Duolingo has an average rating of "Moderate Buy" and a consensus price target of $376.15.

Duolingo Stock Up 2.0 %

Duolingo stock traded up $7.58 on Thursday, hitting $377.58. 310,575 shares of the stock traded hands, compared to its average volume of 836,359. Duolingo, Inc. has a 1 year low of $145.05 and a 1 year high of $441.77. The business's fifty day simple moving average is $328.05 and its 200 day simple moving average is $331.07. The firm has a market cap of $17.08 billion, a P/E ratio of 206.33 and a beta of 0.91. The company has a current ratio of 3.09, a quick ratio of 3.09 and a debt-to-equity ratio of 0.07.

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