Duolingo, Inc. (NASDAQ:DUOL) Stake Raised by Long Walk Management LP

Long Walk Management LP increased its stake in shares of Duolingo, Inc. (NASDAQ:DUOL - Free Report) by 95.5% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 74,300 shares of the company's stock after purchasing an additional 36,300 shares during the quarter. Duolingo accounts for 8.7% of Long Walk Management LP's holdings, making the stock its 6th largest holding. Long Walk Management LP owned about 0.17% of Duolingo worth $20,954,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors also recently bought and sold shares of the stock. Dragoneer Investment Group LLC purchased a new position in Duolingo in the second quarter valued at approximately $204,768,000. International Assets Investment Management LLC raised its stake in Duolingo by 30,909.9% during the 3rd quarter. International Assets Investment Management LLC now owns 355,063 shares of the company's stock worth $100,135,000 after acquiring an additional 353,918 shares in the last quarter. Whale Rock Capital Management LLC raised its stake in Duolingo by 23.9% during the 1st quarter. Whale Rock Capital Management LLC now owns 1,275,189 shares of the company's stock worth $281,281,000 after acquiring an additional 245,599 shares in the last quarter. Bank of New York Mellon Corp lifted its position in Duolingo by 153.1% in the second quarter. Bank of New York Mellon Corp now owns 395,123 shares of the company's stock valued at $82,450,000 after acquiring an additional 238,990 shares during the last quarter. Finally, Price T Rowe Associates Inc. MD boosted its stake in Duolingo by 73.6% in the first quarter. Price T Rowe Associates Inc. MD now owns 364,755 shares of the company's stock valued at $80,459,000 after acquiring an additional 154,659 shares in the last quarter. Hedge funds and other institutional investors own 91.59% of the company's stock.

Insider Buying and Selling

In other Duolingo news, General Counsel Stephen C. Chen sold 19,464 shares of the stock in a transaction dated Friday, August 30th. The shares were sold at an average price of $211.55, for a total value of $4,117,609.20. Following the completion of the transaction, the general counsel now directly owns 35,558 shares of the company's stock, valued at approximately $7,522,294.90. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. In other news, General Counsel Stephen C. Chen sold 19,464 shares of the business's stock in a transaction that occurred on Friday, August 30th. The stock was sold at an average price of $211.55, for a total transaction of $4,117,609.20. Following the sale, the general counsel now owns 35,558 shares of the company's stock, valued at $7,522,294.90. The trade was a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Natalie Glance sold 1,500 shares of the company's stock in a transaction that occurred on Wednesday, November 6th. The stock was sold at an average price of $313.36, for a total value of $470,040.00. Following the completion of the sale, the insider now owns 136,760 shares in the company, valued at approximately $42,855,113.60. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 70,374 shares of company stock valued at $15,802,382. Corporate insiders own 18.30% of the company's stock.

Duolingo Stock Performance

DUOL traded up $11.07 during trading on Friday, reaching $326.89. The company's stock had a trading volume of 682,721 shares, compared to its average volume of 472,690. The company has a market capitalization of $14.23 billion, a price-to-earnings ratio of 178.63 and a beta of 0.79. The company's fifty day moving average price is $270.84 and its 200-day moving average price is $221.65. Duolingo, Inc. has a 52-week low of $145.05 and a 52-week high of $330.61. The company has a debt-to-equity ratio of 0.07, a quick ratio of 3.28 and a current ratio of 3.28.

Duolingo (NASDAQ:DUOL - Get Free Report) last announced its quarterly earnings data on Wednesday, November 6th. The company reported $0.49 earnings per share for the quarter, topping analysts' consensus estimates of $0.35 by $0.14. Duolingo had a return on equity of 12.20% and a net margin of 12.59%. The firm had revenue of $192.59 million for the quarter, compared to analyst estimates of $189.19 million. During the same quarter in the prior year, the company posted $0.06 earnings per share. Duolingo's quarterly revenue was up 39.9% on a year-over-year basis. On average, equities analysts forecast that Duolingo, Inc. will post 1.87 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of research firms recently issued reports on DUOL. Bank of America raised their price target on Duolingo from $292.00 to $298.00 and gave the stock a "buy" rating in a research note on Wednesday, September 25th. UBS Group raised their target price on shares of Duolingo from $225.00 to $355.00 and gave the stock a "buy" rating in a research report on Tuesday, October 8th. DA Davidson upped their price target on shares of Duolingo from $250.00 to $350.00 and gave the company a "buy" rating in a research report on Thursday. Evercore ISI raised shares of Duolingo to a "strong-buy" rating in a research report on Monday, August 5th. Finally, The Goldman Sachs Group upped their target price on shares of Duolingo from $250.00 to $275.00 and gave the company a "neutral" rating in a report on Thursday. Five analysts have rated the stock with a hold rating, six have issued a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat.com, Duolingo has a consensus rating of "Moderate Buy" and an average target price of $325.44.

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.