Sycomore Asset Management Sells 11,354 Shares of Duolingo, Inc. (NASDAQ:DUOL)

Sycomore Asset Management lowered its stake in shares of Duolingo, Inc. (NASDAQ:DUOL) by 28.7% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 28,184 shares of the company’s stock after selling 11,354 shares during the period. Sycomore Asset Management owned 0.06% of Duolingo worth $9,138,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also recently modified their holdings of the stock. FMR LLC increased its stake in Duolingo by 26.9% in the 3rd quarter. FMR LLC now owns 2,663,234 shares of the company’s stock worth $751,085,000 after acquiring an additional 564,173 shares during the last quarter. International Assets Investment Management LLC increased its position in Duolingo by 30,909.9% in the third quarter. International Assets Investment Management LLC now owns 355,063 shares of the company’s stock worth $100,135,000 after purchasing an additional 353,918 shares during the last quarter. Spyglass Capital Management LLC purchased a new stake in Duolingo during the third quarter valued at $38,512,000. Charles Schwab Investment Management Inc. lifted its position in Duolingo by 42.2% during the third quarter. Charles Schwab Investment Management Inc. now owns 342,280 shares of the company’s stock valued at $96,530,000 after purchasing an additional 101,653 shares during the last quarter. Finally, Bamco Inc. NY bought a new position in Duolingo during the third quarter valued at $25,808,000. Hedge funds and other institutional investors own 91.59% of the company’s stock.

Insiders Place Their Bets

In other Duolingo news, insider Severin Hacker sold 10,000 shares of the company’s stock in a transaction on Wednesday, February 5th. The stock was sold at an average price of $391.46, for a total value of $3,914,600.00. Following the completion of the sale, the insider now directly owns 72 shares in the company, valued at approximately $28,185.12. This represents a 99.29 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CFO Matthew Skaruppa sold 4,464 shares of the stock in a transaction on Monday, January 13th. The stock was sold at an average price of $313.55, for a total value of $1,399,687.20. Following the transaction, the chief financial officer now directly owns 63,266 shares in the company, valued at $19,837,054.30. The trade was a 6.59 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 289,624 shares of company stock worth $98,478,298 in the last three months. Corporate insiders own 18.30% of the company’s stock.

Analysts Set New Price Targets

DUOL has been the topic of several recent research reports. The Goldman Sachs Group upped their target price on shares of Duolingo from $250.00 to $275.00 and gave the company a “neutral” rating in a research report on Thursday, November 7th. DA Davidson upped their price objective on Duolingo from $250.00 to $350.00 and gave the company a “buy” rating in a research report on Thursday, November 7th. Barclays raised their price objective on Duolingo from $183.00 to $295.00 and gave the company an “equal weight” rating in a research note on Thursday, November 7th. Scotiabank assumed 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. Finally, Seaport Res Ptn downgraded Duolingo from a “strong-buy” rating to a “hold” rating in a research report on Thursday, November 7th. Seven equities research analysts have rated the stock with a hold rating, six have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $355.55.

Duolingo Trading Up 1.1 %

NASDAQ DUOL opened at $393.80 on Monday. The stock has a market cap of $17.32 billion, a PE ratio of 215.19 and a beta of 0.89. Duolingo, Inc. has a 12 month low of $145.05 and a 12 month high of $411.69. The company’s 50-day moving average price is $344.92 and its 200-day moving average price is $287.76. The company has a current ratio of 3.09, a quick ratio of 3.09 and a debt-to-equity ratio of 0.07.

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.