Olympiad Research LP Takes $267,000 Position in Duolingo, Inc. (NASDAQ:DUOL)

Olympiad Research LP acquired a new stake in shares of Duolingo, Inc. (NASDAQ:DUOL) in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 825 shares of the company’s stock, valued at approximately $267,000.

Several other hedge funds and other institutional investors have also recently modified their holdings of DUOL. Mount Lucas Management LP grew its holdings in Duolingo by 2.4% during the third quarter. Mount Lucas Management LP now owns 1,340 shares of the company’s stock worth $378,000 after buying an additional 32 shares in the last quarter. CIBC Asset Management Inc grew its holdings in Duolingo by 3.1% during the third quarter. CIBC Asset Management Inc now owns 1,061 shares of the company’s stock worth $299,000 after buying an additional 32 shares in the last quarter. Fifth Third Bancorp grew its holdings in Duolingo by 19.3% during the fourth quarter. Fifth Third Bancorp now owns 260 shares of the company’s stock worth $84,000 after buying an additional 42 shares in the last quarter. Bleakley Financial Group LLC grew its holdings in Duolingo by 6.1% during the fourth quarter. Bleakley Financial Group LLC now owns 995 shares of the company’s stock worth $323,000 after buying an additional 57 shares in the last quarter. Finally, Kestra Private Wealth Services LLC grew its holdings in Duolingo by 2.6% during the fourth quarter. Kestra Private Wealth Services LLC now owns 2,294 shares of the company’s stock worth $744,000 after buying an additional 59 shares in the last quarter. Institutional investors own 91.59% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages have issued reports on DUOL. Jefferies Financial Group began coverage on Duolingo in a research note on Friday, January 24th. They issued a “hold” rating and a $370.00 price objective for the company. Barclays upped 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. Piper Sandler upped their price objective on Duolingo from $271.00 to $351.00 and gave the company an “overweight” rating in a research note on Thursday, November 7th. Seaport Res Ptn downgraded Duolingo from a “strong-buy” rating to a “hold” rating in a research note on Thursday, November 7th. Finally, Scotiabank began coverage on Duolingo in a research note on Thursday, December 5th. They issued a “sector outperform” rating and a $425.00 price objective for the company. Seven research analysts have rated the stock with a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, Duolingo currently has an average rating of “Moderate Buy” and a consensus price target of $355.55.

Duolingo Stock Down 8.6 %

Shares of NASDAQ DUOL opened at $385.35 on Monday. Duolingo, Inc. has a one year low of $145.05 and a one year high of $441.77. 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’s fifty day moving average price is $356.96 and its 200-day moving average price is $305.34. The stock has a market capitalization of $16.95 billion, a PE ratio of 210.57 and a beta of 0.89.

Insider Buying and Selling

In related news, General Counsel Stephen C. Chen sold 2,064 shares of the stock in a transaction dated Tuesday, February 18th. The stock was sold at an average price of $435.12, for a total transaction of $898,087.68. Following the sale, the general counsel now owns 34,634 shares of the company’s stock, valued at approximately $15,069,946.08. This represents a 5.62 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider Natalie Glance sold 1,500 shares of the stock in a transaction dated Friday, December 6th. The stock was sold at an average price of $369.33, for a total value of $553,995.00. Following the sale, the insider now directly owns 132,239 shares in the company, valued at $48,839,829.87. This trade represents a 1.12 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 305,639 shares of company stock valued at $105,445,057. 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.