1,074 Shares in Duolingo, Inc. (NASDAQ:DUOL) Purchased by Profund Advisors LLC

Profund Advisors LLC bought a new stake in shares of Duolingo, Inc. (NASDAQ:DUOL) during the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm bought 1,074 shares of the company’s stock, valued at approximately $224,000.

Several other large investors have also recently bought and sold shares of the stock. Larson Financial Group LLC bought a new position in shares of Duolingo in the second quarter valued at approximately $31,000. Blue Trust Inc. acquired a new stake in Duolingo in the second quarter worth approximately $32,000. GAMMA Investing LLC boosted its stake in Duolingo by 350.0% during the 2nd quarter. GAMMA Investing LLC now owns 171 shares of the company’s stock valued at $36,000 after purchasing an additional 133 shares in the last quarter. Mark Sheptoff Financial Planning LLC bought a new position in Duolingo during the 2nd quarter valued at $36,000. Finally, Fifth Third Bancorp acquired a new position in shares of Duolingo during the 2nd quarter valued at $40,000. Institutional investors and hedge funds own 91.59% of the company’s stock.

Insider Buying and Selling

In other Duolingo news, insider Robert Meese sold 5,000 shares of the company’s stock in a transaction that occurred on Wednesday, September 25th. The stock was sold at an average price of $285.04, for a total transaction of $1,425,200.00. Following the completion of the sale, the insider now owns 142,053 shares of the company’s stock, valued at $40,490,787.12. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, CFO Matthew Skaruppa sold 8,000 shares of Duolingo stock in a transaction on Monday, July 1st. The shares were sold at an average price of $198.59, for a total value of $1,588,720.00. Following the transaction, the chief financial officer now owns 95,731 shares in the company, valued at approximately $19,011,219.29. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Robert Meese sold 5,000 shares of the business’s stock in a transaction on Wednesday, September 25th. The stock was sold at an average price of $285.04, for a total transaction of $1,425,200.00. Following the transaction, the insider now directly owns 142,053 shares of the company’s stock, valued at approximately $40,490,787.12. The disclosure for this sale can be found here. In the last ninety days, insiders sold 106,374 shares of company stock worth $22,019,727. 18.30% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

Several brokerages recently weighed in on DUOL. JPMorgan Chase & Co. raised their target price on Duolingo from $255.00 to $303.00 and gave the company an “overweight” rating in a research note on Wednesday. Wolfe Research assumed coverage on shares of Duolingo in a report on Tuesday, July 16th. They issued a “peer perform” rating on the stock. JMP Securities increased their target price on shares of Duolingo from $260.00 to $275.00 and gave the company a “market outperform” rating in a research note on Wednesday. Piper Sandler reaffirmed an “overweight” rating and issued a $271.00 price target on shares of Duolingo in a report on Friday, August 30th. Finally, Evercore ISI raised shares of Duolingo to a “strong-buy” rating in a research note on Monday, August 5th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating, eight have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $255.50.

Duolingo Stock Up 0.0 %

Duolingo stock opened at $278.03 on Friday. The company has a market capitalization of $11.99 billion, a P/E ratio of 286.63 and a beta of 0.76. Duolingo, Inc. has a 1-year low of $140.16 and a 1-year high of $297.56. The firm’s fifty day simple moving average is $208.21 and its 200-day simple moving average is $206.07. The company has a current ratio of 3.28, a quick ratio of 3.28 and a debt-to-equity ratio of 0.07.

Duolingo (NASDAQ:DUOL) last posted its earnings results on Wednesday, August 7th. The company reported $0.51 earnings per share for the quarter, beating the consensus estimate of $0.32 by $0.19. The company had revenue of $178.30 million for the quarter, compared to analyst estimates of $177.13 million. Duolingo had a return on equity of 9.64% and a net margin of 10.44%. The business’s revenue was up 40.6% compared to the same quarter last year. During the same period last year, the company earned $0.08 earnings per share. Sell-side analysts forecast that Duolingo, Inc. will post 1.87 earnings per share for the current fiscal year.

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.