2,418 Shares in Duolingo, Inc. (NASDAQ:DUOL) Bought by Diversified Trust Co

Diversified Trust Co purchased a new stake in Duolingo, Inc. (NASDAQ:DUOL) in the 4th quarter, HoldingsChannel reports. The fund purchased 2,418 shares of the company’s stock, valued at approximately $784,000.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. True Wealth Design LLC acquired a new stake in shares of Duolingo in the 3rd quarter valued at about $26,000. First Horizon Advisors Inc. bought a new position in Duolingo in the third quarter worth approximately $29,000. Farther Finance Advisors LLC grew its stake in Duolingo by 164.6% in the third quarter. Farther Finance Advisors LLC now owns 127 shares of the company’s stock valued at $36,000 after acquiring an additional 79 shares during the period. Mark Sheptoff Financial Planning LLC bought a new stake in shares of Duolingo during the second quarter valued at approximately $36,000. Finally, Capital Performance Advisors LLP acquired a new position in shares of Duolingo during the third quarter worth approximately $68,000. 91.59% of the stock is owned by institutional investors.

Insider Activity at Duolingo

In related news, CFO Matthew Skaruppa sold 5,000 shares of the business’s stock in a transaction dated Thursday, January 2nd. The stock was sold at an average price of $324.48, for a total value of $1,622,400.00. Following the sale, the chief financial officer now directly 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 sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, insider Natalie Glance sold 1,500 shares of the company’s stock in a transaction dated Friday, December 6th. The shares were sold at an average price of $369.33, for a total transaction of $553,995.00. Following the sale, the insider now directly owns 132,239 shares in the company, valued at approximately $48,839,829.87. This trade represents a 1.12 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 258,660 shares of company stock worth $87,726,551. Insiders own 18.30% of the company’s stock.

Duolingo Trading Up 0.9 %

NASDAQ DUOL opened at $323.14 on Friday. The business’s fifty day moving average is $334.83 and its 200-day moving average is $263.29. 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 stock has a market capitalization of $14.21 billion, a price-to-earnings ratio of 176.58 and a beta of 0.87. Duolingo, Inc. has a one year low of $145.05 and a one year high of $378.48.

Duolingo (NASDAQ:DUOL) last announced its quarterly earnings data on Wednesday, November 6th. The company reported $0.49 EPS for the quarter, topping the consensus estimate of $0.35 by $0.14. Duolingo had a net margin of 12.59% and a return on equity of 11.74%. The business had revenue of $192.59 million for the quarter, compared to analyst estimates of $189.19 million. During the same quarter in the previous year, the firm posted $0.06 earnings per share. The company’s revenue for the quarter was up 39.9% on a year-over-year basis. Equities research analysts predict that Duolingo, Inc. will post 2.02 EPS for the current year.

Analyst Ratings Changes

DUOL has been the subject of a number of recent research reports. Seaport Res Ptn lowered shares of Duolingo from a “strong-buy” rating to a “hold” rating in a research note on Thursday, November 7th. DA Davidson boosted their target price on shares of Duolingo from $250.00 to $350.00 and gave the stock a “buy” rating in a research report on Thursday, November 7th. Bank of America downgraded Duolingo from a “buy” rating to a “neutral” rating and lifted their price target for the company from $355.00 to $375.00 in a research note on Wednesday, December 11th. JMP Securities downgraded Duolingo from an “outperform” rating to a “market perform” rating in a research note on Monday, October 14th. Finally, Needham & Company LLC raised their target price on Duolingo from $370.00 to $385.00 and gave the company a “buy” rating in a report on Thursday, December 19th. Six equities research 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, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $353.90.

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.