ExodusPoint Capital Management LP Takes Position in Duolingo, Inc. (NASDAQ:DUOL)

ExodusPoint Capital Management LP bought a new position in Duolingo, Inc. (NASDAQ:DUOL) in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm bought 16,218 shares of the company’s stock, valued at approximately $5,258,000.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in DUOL. Norges Bank purchased a new position in shares of Duolingo in the fourth quarter worth about $152,296,000. Lord Abbett & CO. LLC raised its position in Duolingo by 63.6% during the 3rd quarter. Lord Abbett & CO. LLC now owns 197,670 shares of the company’s stock worth $55,747,000 after buying an additional 76,875 shares during the last quarter. Vanguard Group Inc. boosted its holdings in shares of Duolingo by 2.0% in the 4th quarter. Vanguard Group Inc. now owns 3,542,194 shares of the company’s stock valued at $1,148,486,000 after acquiring an additional 70,705 shares during the last quarter. Cookson Peirce & Co. Inc. acquired a new stake in shares of Duolingo in the fourth quarter worth $20,492,000. Finally, WT Asset Management Ltd purchased a new position in shares of Duolingo during the fourth quarter worth $20,264,000. Institutional investors and hedge funds own 91.59% of the company’s stock.

Duolingo Price Performance

Shares of Duolingo stock opened at $292.88 on Friday. The company has a debt-to-equity ratio of 0.07, a current ratio of 3.09 and a quick ratio of 3.09. The business has a 50 day simple moving average of $345.60 and a two-hundred day simple moving average of $326.77. The stock has a market capitalization of $13.25 billion, a P/E ratio of 160.04 and a beta of 0.91. Duolingo, Inc. has a 12 month low of $145.05 and a 12 month high of $441.77.

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

Insider Buying and Selling

In other Duolingo news, insider Severin Hacker sold 10,000 shares of the business’s stock in a transaction on Monday, January 6th. The stock was sold at an average price of $336.23, for a total transaction of $3,362,300.00. Following the transaction, 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 ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, insider Natalie Glance sold 3,482 shares of the firm’s stock in a transaction on Tuesday, April 1st. The stock was sold at an average price of $319.59, for a total value of $1,112,812.38. Following the completion of the sale, the insider now directly owns 127,251 shares of the company’s stock, valued at $40,668,147.09. This trade represents a 2.66 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 99,332 shares of company stock worth $33,880,107. 18.30% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

Several equities research analysts have weighed in on the company. Piper Sandler increased their price target on Duolingo from $351.00 to $390.00 and gave the stock an “overweight” rating in a research report on Friday, February 28th. JMP Securities reissued a “market perform” rating on shares of Duolingo in a report on Friday, February 14th. Needham & Company LLC lifted their target price on shares of Duolingo from $385.00 to $400.00 and gave the company a “buy” rating in a report on Friday, February 28th. DA Davidson increased their price target on shares of Duolingo from $400.00 to $410.00 and gave the stock a “buy” rating in a report on Thursday, March 27th. Finally, Barclays raised 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. Seven research analysts have rated the stock with a hold rating, seven have given a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $377.08.

About Duolingo

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.