Duolingo, Inc. (NASDAQ:DUOL) Shares Sold by Creative Planning

Creative Planning cut its stake in shares of Duolingo, Inc. (NASDAQ:DUOL - Free Report) by 47.4% in the third quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 2,067 shares of the company's stock after selling 1,865 shares during the quarter. Creative Planning's holdings in Duolingo were worth $583,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in the company. Larson Financial Group LLC purchased a new position in Duolingo in the second quarter valued at approximately $31,000. Blue Trust Inc. acquired a new stake in shares of Duolingo during the second quarter worth about $32,000. GAMMA Investing LLC grew its stake in Duolingo by 350.0% during the 2nd quarter. GAMMA Investing LLC now owns 171 shares of the company's stock worth $36,000 after buying an additional 133 shares during the last quarter. Mark Sheptoff Financial Planning LLC purchased a new stake in Duolingo in the second quarter valued at approximately $36,000. Finally, Fifth Third Bancorp acquired a new stake in shares of Duolingo in the second quarter valued at approximately $40,000. Institutional investors and hedge funds own 91.59% of the company's stock.

Duolingo Price Performance

Duolingo stock traded up $12.35 during mid-day trading on Tuesday, hitting $303.00. 761,913 shares of the company were exchanged, compared to its average volume of 698,012. The company has a debt-to-equity ratio of 0.07, a current ratio of 3.28 and a quick ratio of 3.28. Duolingo, Inc. has a 12-month low of $145.05 and a 12-month high of $311.91. The business's 50 day simple moving average is $262.16 and its two-hundred day simple moving average is $218.68. The company has a market capitalization of $13.19 billion, a P/E ratio of 216.43 and a beta of 0.79.

Duolingo (NASDAQ:DUOL - Get Free Report) last released its earnings results on Wednesday, August 7th. The company reported $0.51 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.32 by $0.19. The company had revenue of $178.30 million for the quarter, compared to analyst estimates of $177.13 million. Duolingo had a net margin of 10.44% and a return on equity of 9.64%. The firm's quarterly revenue was up 40.6% on a year-over-year basis. During the same period in the prior year, the firm earned $0.08 EPS. Analysts forecast that Duolingo, Inc. will post 1.87 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other news, CFO Matthew Skaruppa sold 17,591 shares of Duolingo stock in a transaction on Wednesday, August 21st. The stock was sold at an average price of $207.27, for a total value of $3,646,086.57. Following the completion of the sale, the chief financial officer now owns 88,856 shares of the company's stock, valued at $18,417,183.12. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In other news, General Counsel Stephen C. Chen sold 19,464 shares of the business's stock in a transaction on Friday, August 30th. The shares were sold at an average price of $211.55, for a total transaction of $4,117,609.20. Following the completion of the sale, the general counsel now directly 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 filing with the Securities & Exchange Commission, which is available at this link. Also, CFO Matthew Skaruppa sold 17,591 shares of the stock in a transaction on Wednesday, August 21st. The stock was sold at an average price of $207.27, for a total value of $3,646,086.57. Following the completion of the transaction, the chief financial officer now directly owns 88,856 shares in the company, valued at $18,417,183.12. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 68,874 shares of company stock valued at $15,332,342 in the last quarter. 18.30% of the stock is currently owned by company insiders.

Analyst Ratings Changes

Several brokerages have recently weighed in on DUOL. Wolfe Research assumed coverage on shares of Duolingo in a research note on Tuesday, July 16th. They set a "peer perform" rating for the company. DA Davidson reaffirmed a "buy" rating and issued a $250.00 price objective on shares of Duolingo in a report on Tuesday, September 10th. JMP Securities downgraded Duolingo from an "outperform" rating to a "market perform" rating in a research note on Monday, October 14th. The Goldman Sachs Group upped their price objective on Duolingo from $198.00 to $250.00 and gave the stock a "neutral" rating in a report on Wednesday, October 16th. Finally, Barclays lowered their price target on shares of Duolingo from $230.00 to $183.00 and set an "equal weight" rating on the stock in a research note on Friday, August 9th. Four equities research analysts have rated the stock with a hold rating, seven have issued a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $277.22.

About Duolingo

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.