Peregrine Capital Management LLC Has $38.06 Million Stock Position in Duolingo, Inc. (NASDAQ:DUOL)

Peregrine Capital Management LLC decreased its stake in Duolingo, Inc. (NASDAQ:DUOL - Free Report) by 17.8% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 117,384 shares of the company's stock after selling 25,361 shares during the period. Duolingo makes up 1.1% of Peregrine Capital Management LLC's portfolio, making the stock its 22nd largest holding. Peregrine Capital Management LLC owned approximately 0.27% of Duolingo worth $38,059,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also modified their holdings of the stock. Vontobel Holding Ltd. acquired a new stake in Duolingo during the third quarter worth $474,000. nVerses Capital LLC boosted its stake in Duolingo by 33.3% during the third quarter. nVerses Capital LLC now owns 400 shares of the company's stock worth $113,000 after buying an additional 100 shares in the last quarter. Bleakley Financial Group LLC acquired a new stake in Duolingo during the third quarter worth $265,000. Blue Trust Inc. boosted its stake in Duolingo by 228.7% during the third quarter. Blue Trust Inc. now owns 470 shares of the company's stock worth $133,000 after buying an additional 327 shares in the last quarter. Finally, International Assets Investment Management LLC boosted its stake in Duolingo by 30,909.9% during the third quarter. International Assets Investment Management LLC now owns 355,063 shares of the company's stock worth $100,135,000 after buying an additional 353,918 shares in the last quarter. Institutional investors and hedge funds own 91.59% of the company's stock.

Duolingo Trading Down 8.6 %

Shares of DUOL stock traded down $36.43 on Friday, reaching $385.35. The company had a trading volume of 1,079,310 shares, compared to its average volume of 646,058. The company has a current ratio of 3.09, a quick ratio of 3.09 and a debt-to-equity ratio of 0.07. The stock has a market cap of $16.95 billion, a PE ratio of 210.57 and a beta of 0.89. The company has a 50-day moving average of $356.96 and a 200-day moving average of $303.37. Duolingo, Inc. has a 12 month low of $145.05 and a 12 month high of $441.77.

Insider Activity

In related news, CEO Ahn Luis Von sold 41,759 shares of the business's stock in a transaction that occurred on Thursday, December 12th. The stock was sold at an average price of $340.29, for a total value of $14,210,170.11. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CFO Matthew Skaruppa sold 3,284 shares of the business's stock in a transaction that occurred on Tuesday, February 18th. The shares were sold at an average price of $435.28, for a total value of $1,429,459.52. Following the completion of the transaction, the chief financial officer now owns 59,982 shares of the company's stock, valued at $26,108,964.96. This represents a 5.19 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 305,639 shares of company stock valued at $105,445,057 in the last ninety days. 18.30% of the stock is owned by insiders.

Analyst Ratings Changes

A number of equities research analysts have weighed in on DUOL shares. Seaport Res Ptn downgraded shares of Duolingo from a "strong-buy" rating to a "hold" rating in a research note on Thursday, November 7th. JPMorgan Chase & Co. boosted their target price on shares of Duolingo from $360.00 to $400.00 and gave the company an "overweight" rating in a research note on Thursday, December 12th. Piper Sandler boosted their target price on shares of Duolingo from $271.00 to $351.00 and gave the company an "overweight" rating in a research note on Thursday, November 7th. Bank of America downgraded shares of Duolingo from a "buy" rating to a "neutral" rating and boosted their target price for the company from $355.00 to $375.00 in a research note on Wednesday, December 11th. Finally, Scotiabank started coverage on shares of Duolingo in a research note on Thursday, December 5th. They issued a "sector outperform" rating and a $425.00 target price on the stock. Seven analysts have rated the stock with a hold rating, six have issued a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, Duolingo has an average rating of "Moderate Buy" and an average target price of $355.55.

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.