Oak Thistle LLC Makes New $245,000 Investment in Duolingo, Inc. (NASDAQ:DUOL)

Oak Thistle LLC acquired a new position in shares of Duolingo, Inc. (NASDAQ:DUOL - Free Report) in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm acquired 757 shares of the company's stock, valued at approximately $245,000.

A number of other hedge funds have also recently made changes to their positions in DUOL. True Wealth Design LLC purchased a new position in Duolingo in the 3rd quarter valued at approximately $26,000. First Horizon Advisors Inc. acquired a new stake in shares of Duolingo in the 3rd quarter valued at $29,000. Farther Finance Advisors LLC raised its holdings in shares of Duolingo by 164.6% in the 3rd quarter. Farther Finance Advisors LLC now owns 127 shares of the company's stock valued at $36,000 after purchasing an additional 79 shares in the last quarter. Capital Performance Advisors LLP acquired a new stake in shares of Duolingo in the 3rd quarter valued at $68,000. Finally, ORG Partners LLC raised its holdings in shares of Duolingo by 1,000.0% in the 4th quarter. ORG Partners LLC now owns 275 shares of the company's stock valued at $89,000 after purchasing an additional 250 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 news, insider Natalie Glance sold 1,500 shares of the business's stock in a transaction that occurred on Friday, December 6th. The shares were sold at an average price of $369.33, for a total value of $553,995.00. Following the completion of the transaction, the insider now owns 132,239 shares of the company's stock, valued at $48,839,829.87. The trade was a 1.12 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, insider Severin Hacker sold 188,901 shares of the business's stock in a transaction that occurred on Wednesday, December 11th. The shares were sold at an average price of $339.54, for a total transaction of $64,139,445.54. Following the completion of the transaction, the insider now directly owns 72 shares of the company's stock, valued at approximately $24,446.88. This represents a 99.96 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 271,124 shares of company stock valued at $91,694,238. Corporate insiders own 18.30% of the company's stock.

Duolingo Stock Performance

NASDAQ DUOL traded up $9.33 during trading on Friday, reaching $351.13. The company's stock had a trading volume of 742,361 shares, compared to its average volume of 425,176. The company has a debt-to-equity ratio of 0.07, a quick ratio of 3.09 and a current ratio of 3.09. The firm has a market cap of $15.44 billion, a price-to-earnings ratio of 191.88 and a beta of 0.87. Duolingo, Inc. has a twelve month low of $145.05 and a twelve month high of $378.48. The business's fifty day moving average price is $337.06 and its 200-day moving average price is $268.38.

Duolingo (NASDAQ:DUOL - Get Free Report) last issued its earnings results on Wednesday, November 6th. The company reported $0.49 earnings per share for the quarter, beating the consensus estimate of $0.35 by $0.14. The business had revenue of $192.59 million for the quarter, compared to the consensus estimate of $189.19 million. Duolingo had a net margin of 12.59% and a return on equity of 11.74%. The business's quarterly revenue was up 39.9% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.06 earnings per share. As a group, analysts anticipate that Duolingo, Inc. will post 2.02 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of brokerages have recently weighed in on DUOL. Piper Sandler raised their price objective on shares of Duolingo from $271.00 to $351.00 and gave the company an "overweight" rating in a report on Thursday, November 7th. JMP Securities lowered shares of Duolingo from an "outperform" rating to a "market perform" rating in a report on Monday, October 14th. Bank of America lowered shares of Duolingo from a "buy" rating to a "neutral" rating and raised their price objective for the company from $355.00 to $375.00 in a report on Wednesday, December 11th. Needham & Company LLC lifted their price target on shares of Duolingo from $370.00 to $385.00 and gave the stock a "buy" rating in a research note on Thursday, December 19th. Finally, Barclays lifted their price target on shares of Duolingo from $183.00 to $295.00 and gave the stock an "equal weight" rating in a research note on Thursday, November 7th. Six research analysts have rated the stock with a hold rating, six have given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus target price of $353.90.

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.