Duolingo, Inc. (NASDAQ:DUOL) Shares Sold by Carnegie Mellon University

Carnegie Mellon University lowered its stake in shares of Duolingo, Inc. (NASDAQ:DUOL) by 8.3% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 314,814 shares of the company’s stock after selling 28,500 shares during the quarter. Duolingo makes up about 74.7% of Carnegie Mellon University’s holdings, making the stock its biggest position. Carnegie Mellon University owned 0.72% of Duolingo worth $102,072,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also modified their holdings of the stock. FMR LLC boosted its stake in shares of Duolingo by 26.9% in the third quarter. FMR LLC now owns 2,663,234 shares of the company’s stock valued at $751,085,000 after buying an additional 564,173 shares in the last quarter. State Street Corp increased its position in shares of Duolingo by 3.6% in the third quarter. State Street Corp now owns 1,076,273 shares of the company’s stock valued at $303,530,000 after buying an additional 36,923 shares in the last quarter. Geode Capital Management LLC raised its stake in shares of Duolingo by 2.5% during the 3rd quarter. Geode Capital Management LLC now owns 672,800 shares of the company’s stock worth $189,790,000 after buying an additional 16,481 shares during the last quarter. Charles Schwab Investment Management Inc. raised its position in Duolingo by 1.2% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 346,451 shares of the company’s stock worth $112,330,000 after acquiring an additional 4,171 shares during the last quarter. Finally, Lord Abbett & CO. LLC lifted its holdings in shares of Duolingo by 63.6% in the third quarter. Lord Abbett & CO. LLC now owns 197,670 shares of the company’s stock valued at $55,747,000 after purchasing an additional 76,875 shares in the last quarter. Institutional investors and hedge funds own 91.59% of the company’s stock.

Duolingo Trading Down 6.2 %

NASDAQ DUOL opened at $277.18 on Tuesday. The company has a debt-to-equity ratio of 0.07, a quick ratio of 3.09 and a current ratio of 3.09. Duolingo, Inc. has a one year low of $145.05 and a one year high of $441.77. The company has a 50-day simple moving average of $353.88 and a 200-day simple moving average of $315.24. The firm has a market capitalization of $12.54 billion, a PE ratio of 151.47 and a beta of 0.92.

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

Analysts Set New Price Targets

A number of research analysts have issued reports on DUOL shares. Jefferies Financial Group initiated coverage on shares of Duolingo in a report on Friday, January 24th. They issued a “hold” rating and a $370.00 target price on the stock. DA Davidson raised their price objective on Duolingo from $350.00 to $400.00 and gave the stock a “buy” rating in a report on Friday, February 28th. Scotiabank began coverage on Duolingo in a research note on Thursday, December 5th. They issued a “sector outperform” rating and a $425.00 price target on the stock. Needham & Company LLC upped their price objective on shares of Duolingo from $385.00 to $400.00 and gave the company a “buy” rating in a research note on Friday, February 28th. Finally, JMP Securities reaffirmed a “market perform” rating on shares of Duolingo in a research report on Friday, February 14th. Seven 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 data from MarketBeat.com, Duolingo presently has an average rating of “Moderate Buy” and a consensus price target of $375.00.

Insider Activity

In other Duolingo news, insider Natalie Glance sold 9,020 shares of Duolingo stock in a transaction on Wednesday, March 5th. The shares were sold at an average price of $290.59, for a total transaction of $2,621,121.80. Following the completion of the sale, the insider now owns 130,733 shares of the company’s stock, valued at $37,989,702.47. This trade represents a 6.45 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, General Counsel Stephen C. Chen sold 2,064 shares of the company’s stock in a transaction dated Tuesday, February 18th. The stock was sold at an average price of $435.12, for a total value of $898,087.68. Following the completion of the transaction, the general counsel now directly owns 34,634 shares in the company, valued at approximately $15,069,946.08. The trade was a 5.62 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 313,159 shares of company stock worth $107,512,184 over the last quarter. Corporate insiders own 18.30% of the company’s stock.

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.