Duolingo, Inc. (NASDAQ:DUOL) Shares Acquired by Legato Capital Management LLC

Legato Capital Management LLC lifted its holdings in Duolingo, Inc. (NASDAQ:DUOL) by 40.0% in the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 1,645 shares of the company’s stock after purchasing an additional 470 shares during the period. Legato Capital Management LLC’s holdings in Duolingo were worth $533,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in DUOL. Vontobel Holding Ltd. acquired a new position in shares of Duolingo in the third quarter valued at approximately $474,000. nVerses Capital LLC grew its holdings in shares of Duolingo by 33.3% in the third quarter. nVerses Capital LLC now owns 400 shares of the company’s stock valued at $113,000 after purchasing an additional 100 shares in the last quarter. Bleakley Financial Group LLC acquired a new position in shares of Duolingo in the third quarter valued at approximately $265,000. Blue Trust Inc. grew its holdings in shares of Duolingo by 228.7% in the third quarter. Blue Trust Inc. now owns 470 shares of the company’s stock valued at $133,000 after purchasing an additional 327 shares in the last quarter. Finally, International Assets Investment Management LLC grew its holdings in shares of Duolingo by 30,909.9% in the third quarter. International Assets Investment Management LLC now owns 355,063 shares of the company’s stock valued at $100,135,000 after purchasing an additional 353,918 shares in the last quarter. Institutional investors and hedge funds own 91.59% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages recently weighed in on DUOL. Barclays lifted their price objective on shares of Duolingo from $183.00 to $295.00 and gave the company an “equal weight” rating in a report on Thursday, November 7th. Piper Sandler boosted their price target on shares of Duolingo from $271.00 to $351.00 and gave the stock an “overweight” rating in a report on Thursday, November 7th. DA Davidson boosted their price target on shares of Duolingo from $250.00 to $350.00 and gave the stock a “buy” rating in a report on Thursday, November 7th. Jefferies Financial Group began coverage on shares of Duolingo in a report on Friday, January 24th. They set a “hold” rating and a $370.00 price target for the company. Finally, JPMorgan Chase & Co. boosted their price target on shares of Duolingo from $360.00 to $400.00 and gave the stock an “overweight” rating in a report on Thursday, December 12th. Seven equities research analysts have rated the stock with a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, Duolingo has a consensus rating of “Moderate Buy” and an average price target of $355.55.

Duolingo Stock Up 0.6 %

Shares of NASDAQ:DUOL opened at $432.69 on Friday. The company has a market capitalization of $19.03 billion, a PE ratio of 236.44 and a beta of 0.89. The company has a current ratio of 3.09, a quick ratio of 3.09 and a debt-to-equity ratio of 0.07. Duolingo, Inc. has a twelve month low of $145.05 and a twelve month high of $436.98. The firm has a 50 day simple moving average of $349.58 and a 200-day simple moving average of $294.42.

Insider Activity at Duolingo

In related news, CFO Matthew Skaruppa sold 4,464 shares of the company’s stock in a transaction on Monday, January 13th. The shares were sold at an average price of $313.55, for a total value of $1,399,687.20. Following the completion of the sale, the chief financial officer now owns 63,266 shares in the company, valued at $19,837,054.30. This represents a 6.59 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Severin Hacker sold 188,901 shares of the company’s stock in a transaction on Wednesday, December 11th. The stock was sold at an average price of $339.54, for a total transaction of $64,139,445.54. Following the transaction, the insider now owns 72 shares of the company’s stock, valued at approximately $24,446.88. The trade was a 99.96 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 289,624 shares of company stock worth $98,478,298 in the last 90 days. 18.30% of the stock is owned by insiders.

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.