ExodusPoint Capital Management LP Acquires Shares of 16,218 Duolingo, Inc. (NASDAQ:DUOL)

ExodusPoint Capital Management LP purchased a new stake in Duolingo, Inc. (NASDAQ:DUOL - Free Report) during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 16,218 shares of the company's stock, valued at approximately $5,258,000.

Other large investors have also modified their holdings of the company. Mirae Asset Global Investments Co. Ltd. acquired a new stake in Duolingo during the 4th quarter valued at $31,000. Harvest Fund Management Co. Ltd increased its stake 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 purchasing an additional 101 shares during the last quarter. Global Retirement Partners LLC lifted its position 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 buying an additional 113 shares during the period. Smithfield Trust Co increased its stake in shares of Duolingo by 41.8% during the 4th quarter. Smithfield Trust Co now owns 156 shares of the company's stock valued at $51,000 after acquiring an additional 46 shares during the last quarter. Finally, R Squared Ltd purchased a new position in shares of Duolingo during the 4th quarter worth about $55,000. 91.59% of the stock is currently owned by institutional investors and hedge funds.

Duolingo Price Performance

Shares of NASDAQ:DUOL traded down $21.20 on Thursday, reaching $316.20. 199,386 shares of the company traded hands, compared to its average volume of 737,586. 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 stock has a market capitalization of $14.31 billion, a PE ratio of 171.49 and a beta of 0.91. The company's 50 day moving average is $341.50 and its 200-day moving average is $328.01. Duolingo, Inc. has a fifty-two week low of $145.05 and a fifty-two week high of $441.77.

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Duolingo (NASDAQ:DUOL - Get Free Report) last released its quarterly earnings results 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 during the quarter, compared to analyst estimates of $205.49 million. Duolingo had a net margin of 12.59% and a return on equity of 11.74%. As a group, analysts anticipate that Duolingo, Inc. will post 2.03 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other news, CEO Ahn Luis Von sold 8,000 shares of the company's stock in a transaction dated Wednesday, January 15th. The stock was sold at an average price of $321.00, for a total value of $2,568,000.00. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, insider Severin Hacker sold 10,000 shares of the business's stock in a transaction that occurred on Tuesday, January 21st. The shares were sold at an average price of $333.95, for a total transaction of $3,339,500.00. Following the transaction, the insider now directly owns 72 shares in the company, valued at $24,044.40. The trade was a 99.29 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 99,332 shares of company stock worth $33,442,107. Corporate insiders own 18.30% of the company's stock.

Analyst Ratings Changes

DUOL has been the subject of a number of recent analyst reports. Piper Sandler boosted their target price on shares of Duolingo from $351.00 to $390.00 and gave the company an "overweight" rating in a report on Friday, February 28th. UBS Group set a $400.00 price objective on Duolingo in a report on Tuesday, March 18th. Barclays boosted their price target on Duolingo from $295.00 to $330.00 and gave the company an "equal weight" rating in a research report on Friday, February 28th. Bank of America lowered Duolingo from a "buy" rating to a "neutral" rating and upped their price target for the stock from $355.00 to $375.00 in a research note on Wednesday, December 11th. Finally, Needham & Company LLC lifted their price objective on Duolingo from $385.00 to $400.00 and gave the company a "buy" rating in a research note on Friday, February 28th. Seven analysts have rated the stock with a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average target price 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.