Duolingo, Inc. (NASDAQ:DUOL) Shares Sold by Lisanti Capital Growth LLC

Lisanti Capital Growth LLC reduced its holdings in shares of Duolingo, Inc. (NASDAQ:DUOL) by 39.1% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 14,915 shares of the company’s stock after selling 9,575 shares during the period. Lisanti Capital Growth LLC’s holdings in Duolingo were worth $3,383,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds also recently added to or reduced their stakes in DUOL. Bamco Inc. NY acquired a new position in Duolingo during the 3rd quarter valued at about $39,000. FSC Wealth Advisors LLC acquired a new position in shares of Duolingo in the fourth quarter valued at about $39,000. Harvest Fund Management Co. Ltd acquired a new position in shares of Duolingo in the fourth quarter valued at about $92,000. Headlands Technologies LLC increased its holdings in shares of Duolingo by 814.3% in the fourth quarter. Headlands Technologies LLC now owns 640 shares of the company’s stock valued at $145,000 after purchasing an additional 570 shares during the period. Finally, Whittier Trust Co. acquired a new stake in Duolingo during the third quarter worth about $157,000. 91.59% of the stock is owned by institutional investors and hedge funds.

Duolingo Price Performance

Shares of NASDAQ DUOL traded up $8.20 during midday trading on Monday, hitting $248.20. The stock had a trading volume of 863,703 shares, compared to its average volume of 727,051. The company has a market capitalization of $10.64 billion, a PE ratio of 730.00 and a beta of 0.82. The stock has a 50 day simple moving average of $217.86 and a 200-day simple moving average of $205.56. Duolingo, Inc. has a 1 year low of $121.89 and a 1 year high of $251.30. The company has a quick ratio of 3.24, a current ratio of 3.24 and a debt-to-equity ratio of 0.03.

Duolingo (NASDAQ:DUOL) last released its earnings results on Wednesday, February 28th. The company reported $0.26 earnings per share for the quarter, beating the consensus estimate of $0.21 by $0.05. The business had revenue of $150.99 million for the quarter, compared to the consensus estimate of $146.98 million. Duolingo had a return on equity of 2.64% and a net margin of 3.03%. On average, sell-side analysts expect that Duolingo, Inc. will post 1.38 EPS for the current fiscal year.

Analyst Ratings Changes

Several research firms recently commented on DUOL. Seaport Res Ptn reaffirmed a “buy” rating on shares of Duolingo in a report on Tuesday, February 27th. The Goldman Sachs Group raised their target price on Duolingo from $160.00 to $190.00 and gave the stock a “sell” rating in a report on Thursday, February 29th. UBS Group increased their price target on Duolingo from $230.00 to $275.00 and gave the stock a “buy” rating in a research report on Thursday, February 29th. Needham & Company LLC increased their price target on Duolingo from $210.00 to $241.00 and gave the stock a “buy” rating in a research report on Thursday, February 29th. Finally, JPMorgan Chase & Co. assumed coverage on Duolingo in a research report on Monday, March 11th. They set an “overweight” rating and a $270.00 price target on the stock. One analyst has rated the stock with a sell rating, five have assigned a hold rating and five have issued a buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $245.13.

Insider Activity at Duolingo

In related news, General Counsel Stephen C. Chen sold 2,000 shares of the stock in a transaction that occurred on Friday, February 9th. The stock was sold at an average price of $190.00, for a total value of $380,000.00. Following the completion of the sale, the general counsel now owns 35,033 shares of the company’s stock, valued at $6,656,270. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. In related news, insider Natalie Glance sold 1,500 shares of the stock in a transaction that occurred on Tuesday, February 6th. The stock was sold at an average price of $180.07, for a total value of $270,105.00. Following the completion of the sale, the insider now owns 129,188 shares of the company’s stock, valued at $23,262,883.16. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, General Counsel Stephen C. Chen sold 2,000 shares of the firm’s stock in a transaction on Friday, February 9th. The stock was sold at an average price of $190.00, for a total value of $380,000.00. Following the sale, the general counsel now directly owns 35,033 shares of the company’s stock, valued at approximately $6,656,270. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 125,223 shares of company stock valued at $27,171,605. 19.85% of the stock is currently owned by insiders.

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.