6,900 Shares in Duolingo, Inc. (NASDAQ:DUOL) Bought by KLP Kapitalforvaltning AS

KLP Kapitalforvaltning AS purchased a new stake in shares of Duolingo, Inc. (NASDAQ:DUOL) during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 6,900 shares of the company’s stock, valued at approximately $2,237,000.

A number of other large investors have also recently bought and sold shares of the business. Sei Investments Co. lifted its stake in shares of Duolingo by 115.7% in the 4th quarter. Sei Investments Co. now owns 18,881 shares of the company’s stock valued at $6,122,000 after purchasing an additional 10,127 shares during the period. Commonwealth of Pennsylvania Public School Empls Retrmt SYS boosted its holdings in shares of Duolingo by 1.4% during the 4th quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 8,370 shares of the company’s stock worth $2,714,000 after buying an additional 118 shares in the last quarter. Magnetar Financial LLC acquired a new stake in Duolingo in the fourth quarter worth $544,000. Teacher Retirement System of Texas increased its stake in Duolingo by 156.5% in the fourth quarter. Teacher Retirement System of Texas now owns 10,471 shares of the company’s stock valued at $3,395,000 after purchasing an additional 6,389 shares in the last quarter. Finally, 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 in the last quarter. 91.59% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of research firms have recently issued reports on DUOL. DA Davidson increased their price objective on shares of Duolingo from $400.00 to $410.00 and gave the stock a “buy” rating in a research report on Thursday. Jefferies Financial Group began coverage on Duolingo in a report on Friday, January 24th. They issued a “hold” rating and a $370.00 target price on the stock. Bank of America lowered shares of Duolingo from a “buy” rating to a “neutral” rating and boosted their price target for the company from $355.00 to $375.00 in a research note on Wednesday, December 11th. Scotiabank assumed coverage on shares of Duolingo in a report on Thursday, December 5th. They set a “sector outperform” rating and a $425.00 price objective on the stock. Finally, Piper Sandler lifted their price objective on shares of Duolingo from $351.00 to $390.00 and gave the company an “overweight” rating in a report on Friday, February 28th. Seven 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 data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $377.08.

Duolingo Price Performance

Shares of NASDAQ DUOL opened at $332.94 on Friday. The company has a market capitalization of $15.06 billion, a PE ratio of 181.94 and a beta of 0.92. The company has a quick ratio of 3.09, a current ratio of 3.09 and a debt-to-equity ratio of 0.07. The stock’s 50 day moving average price is $348.46 and its 200-day moving average price is $322.38. Duolingo, Inc. has a twelve month low of $145.05 and a twelve month high of $441.77.

Duolingo (NASDAQ:DUOL) last posted its quarterly earnings data on Thursday, February 27th. The company reported $0.31 earnings per share for the quarter, missing the consensus estimate of $0.50 by ($0.19). The business had revenue of $209.55 million during the quarter, compared to analysts’ expectations of $205.49 million. Duolingo had a return on equity of 11.74% and a net margin of 12.59%. On average, equities analysts anticipate that Duolingo, Inc. will post 2.03 EPS for the current year.

Insider Buying and Selling

In related news, insider Severin Hacker sold 10,000 shares of Duolingo stock in a transaction that occurred on Monday, January 6th. The shares were sold at an average price of $336.23, for a total value of $3,362,300.00. Following the sale, the insider now owns 72 shares of the company’s stock, valued at approximately $24,208.56. The trade was a 99.29 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CFO Matthew Skaruppa sold 5,000 shares of the company’s stock in a transaction that occurred on Thursday, January 2nd. The shares were sold at an average price of $324.48, for a total value of $1,622,400.00. Following the completion of the transaction, the chief financial officer now owns 67,730 shares in the company, valued at approximately $21,977,030.40. The trade was a 6.87 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 100,850 shares of company stock valued at $34,389,695. 18.30% of the stock is owned by insiders.

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.