Sycomore Asset Management Decreases Stock Holdings in Duolingo, Inc. (NASDAQ:DUOL)

Sycomore Asset Management lessened its stake in Duolingo, Inc. (NASDAQ:DUOL) by 28.7% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 28,184 shares of the company’s stock after selling 11,354 shares during the period. Sycomore Asset Management’s holdings in Duolingo were worth $9,138,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also added to or reduced their stakes in the company. True Wealth Design LLC purchased a new stake in shares of Duolingo during the 3rd quarter valued at $26,000. First Horizon Advisors Inc. acquired a new position in Duolingo during the 3rd quarter valued at about $29,000. Mirae Asset Global Investments Co. Ltd. purchased a new stake in Duolingo in the fourth quarter valued at about $31,000. Farther Finance Advisors LLC boosted its holdings in Duolingo by 164.6% in the third quarter. Farther Finance Advisors LLC now owns 127 shares of the company’s stock worth $36,000 after acquiring an additional 79 shares in the last quarter. Finally, R Squared Ltd purchased a new stake in shares of Duolingo during the fourth quarter worth about $55,000. 91.59% of the stock is currently owned by institutional investors.

Duolingo Trading Up 1.1 %

Duolingo stock opened at $393.80 on Monday. The firm has a market cap of $17.32 billion, a PE ratio of 215.19 and a beta of 0.89. Duolingo, Inc. has a 12 month low of $145.05 and a 12 month high of $411.69. The stock’s 50 day simple moving average is $344.92 and its two-hundred day simple moving average is $287.76. The company has a current ratio of 3.09, a quick ratio of 3.09 and a debt-to-equity ratio of 0.07.

Wall Street Analyst Weigh In

DUOL has been the subject of several research analyst reports. Seaport Res Ptn cut shares of Duolingo from a “strong-buy” rating to a “hold” rating in a research note on Thursday, November 7th. Barclays lifted their price objective on shares of Duolingo from $183.00 to $295.00 and gave the stock an “equal weight” rating in a research note on Thursday, November 7th. Needham & Company LLC upped their target price on Duolingo from $370.00 to $385.00 and gave the company a “buy” rating in a research report on Thursday, December 19th. JMP Securities cut Duolingo from an “outperform” rating to a “market perform” rating in a research report on Monday, October 14th. Finally, Jefferies Financial Group began coverage on Duolingo in a report on Friday, January 24th. They issued a “hold” rating and a $370.00 price objective on the stock. Seven research analysts have rated the stock with a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $355.55.

Insider Activity at Duolingo

In other Duolingo news, insider Severin Hacker sold 10,000 shares of the company’s stock in a transaction dated Wednesday, February 5th. The shares were sold at an average price of $391.46, for a total value of $3,914,600.00. Following the completion of the transaction, the insider now owns 72 shares in the company, valued at approximately $28,185.12. This represents a 99.29 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CEO Ahn Luis Von sold 41,759 shares of the stock in a transaction dated Thursday, December 12th. The stock was sold at an average price of $340.29, for a total transaction of $14,210,170.11. The disclosure for this sale can be found here. Insiders sold a total of 289,624 shares of company stock worth $98,478,298 in the last three months. Company insiders own 18.30% of the company’s stock.

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.