Cookson Peirce & Co. Inc. Takes $20.49 Million Position in Duolingo, Inc. (NASDAQ:DUOL)

Cookson Peirce & Co. Inc. acquired a new stake in Duolingo, Inc. (NASDAQ:DUOL) in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor acquired 63,203 shares of the company’s stock, valued at approximately $20,492,000.

A number of other large investors have also added to or reduced their stakes in DUOL. CIBC Asset Management Inc grew its position in shares of Duolingo by 3.1% in the 3rd quarter. CIBC Asset Management Inc now owns 1,061 shares of the company’s stock valued at $299,000 after buying an additional 32 shares during the last quarter. Mount Lucas Management LP raised its position in shares of Duolingo by 2.4% during the third quarter. Mount Lucas Management LP now owns 1,340 shares of the company’s stock worth $378,000 after acquiring an additional 32 shares during the last quarter. Fifth Third Bancorp lifted its stake in shares of Duolingo by 19.3% in the fourth quarter. Fifth Third Bancorp now owns 260 shares of the company’s stock worth $84,000 after acquiring an additional 42 shares during the period. Bleakley Financial Group LLC boosted its holdings in Duolingo by 6.1% in the fourth quarter. Bleakley Financial Group LLC now owns 995 shares of the company’s stock valued at $323,000 after acquiring an additional 57 shares during the last quarter. Finally, Kestra Private Wealth Services LLC increased its position in Duolingo by 2.6% during the 4th quarter. Kestra Private Wealth Services LLC now owns 2,294 shares of the company’s stock valued at $744,000 after purchasing an additional 59 shares during the period. Institutional investors own 91.59% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts have recently issued reports on the stock. JMP Securities restated a “market perform” rating on shares of Duolingo in a research report on Friday, February 14th. Seaport Res Ptn lowered shares of Duolingo from a “strong-buy” rating to a “hold” rating in a report on Thursday, November 7th. Barclays upped their price target on shares of Duolingo from $295.00 to $330.00 and gave the company an “equal weight” rating in a research report on Friday, February 28th. Piper Sandler lifted their price objective on Duolingo from $351.00 to $390.00 and gave the stock an “overweight” rating in a research report on Friday, February 28th. Finally, Scotiabank started coverage on Duolingo in a research report on Thursday, December 5th. They set 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 given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, Duolingo presently has an average rating of “Moderate Buy” and an average target price of $375.00.

Insider Transactions at Duolingo

In other Duolingo news, insider Natalie Glance sold 1,500 shares of the firm’s stock in a transaction dated Friday, December 6th. The stock was 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 in the company, valued at $48,839,829.87. This trade represents a 1.12 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, General Counsel Stephen C. Chen sold 2,064 shares of the business’s stock in a transaction that occurred on Tuesday, February 18th. The shares were sold at an average price of $435.12, for a total transaction of $898,087.68. Following the transaction, the general counsel now directly owns 34,634 shares of the company’s stock, valued at approximately $15,069,946.08. This represents a 5.62 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 305,639 shares of company stock worth $105,445,057. 18.30% of the stock is owned by company insiders.

Duolingo Price Performance

Duolingo stock opened at $294.15 on Wednesday. Duolingo, Inc. has a 52 week low of $145.05 and a 52 week high of $441.77. The company’s 50 day moving average price is $357.93 and its two-hundred day moving average price is $313.07. The stock has a market cap of $12.94 billion, a P/E ratio of 160.74 and a beta of 0.89. The company has a quick ratio of 3.09, a current ratio of 3.09 and a debt-to-equity ratio of 0.07.

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

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.