Atika Capital Management LLC Sells 100 Shares of Duolingo, Inc. (NASDAQ:DUOL)

Atika Capital Management LLC reduced its stake in Duolingo, Inc. (NASDAQ:DUOL) by 0.6% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 17,400 shares of the company’s stock after selling 100 shares during the period. Atika Capital Management LLC’s holdings in Duolingo were worth $5,642,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also modified their holdings of DUOL. Kensington Investment Counsel LLC grew its position in Duolingo by 0.5% in the fourth quarter. Kensington Investment Counsel LLC now owns 5,633 shares of the company’s stock valued at $1,826,000 after acquiring an additional 30 shares during the period. Atria Investments Inc boosted its stake in Duolingo by 3.9% in the fourth quarter. Atria Investments Inc now owns 1,029 shares of the company’s stock worth $334,000 after purchasing an additional 39 shares in the last quarter. Lisanti Capital Growth LLC grew its holdings in shares of Duolingo by 0.3% during the fourth quarter. Lisanti Capital Growth LLC now owns 11,685 shares of the company’s stock worth $3,789,000 after purchasing an additional 40 shares during the last quarter. Fifth Third Bancorp increased its stake in shares of Duolingo by 19.3% in the fourth quarter. Fifth Third Bancorp now owns 260 shares of the company’s stock valued at $84,000 after buying an additional 42 shares in the last quarter. Finally, Smithfield Trust Co increased its stake in shares of Duolingo by 41.8% in the fourth quarter. Smithfield Trust Co now owns 156 shares of the company’s stock valued at $51,000 after buying an additional 46 shares in the last quarter. 91.59% of the stock is owned by institutional investors and hedge funds.

Duolingo Price Performance

Duolingo stock opened at $292.88 on Friday. The company has a current ratio of 3.09, a quick ratio of 3.09 and a debt-to-equity ratio of 0.07. The firm has a market capitalization of $13.25 billion, a P/E ratio of 160.04 and a beta of 0.91. The business has a 50-day moving average of $345.60 and a 200-day moving average of $326.77. Duolingo, Inc. has a 1 year low of $145.05 and a 1 year high of $441.77.

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

Insider Activity at Duolingo

In other Duolingo news, insider Severin Hacker sold 10,000 shares of the business’s stock in a transaction dated Monday, January 6th. The stock was sold at an average price of $336.23, for a total value of $3,362,300.00. Following the completion of the transaction, the insider now directly owns 72 shares of the company’s stock, valued at approximately $24,208.56. The trade was a 99.29 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Natalie Glance sold 3,482 shares of the stock in a transaction dated Tuesday, April 1st. The stock was sold at an average price of $319.59, for a total value of $1,112,812.38. Following the completion of the sale, the insider now owns 127,251 shares of the company’s stock, valued at $40,668,147.09. This trade represents a 2.66 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 99,332 shares of company stock worth $33,880,107 in the last quarter. Corporate insiders own 18.30% of the company’s stock.

Analyst Ratings Changes

DUOL has been the topic of a number of research analyst reports. Piper Sandler increased their price objective on shares of Duolingo from $351.00 to $390.00 and gave the stock an “overweight” rating in a report on Friday, February 28th. Needham & Company LLC increased their price target 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. JPMorgan Chase & Co. boosted their price objective on shares of Duolingo from $400.00 to $410.00 and gave the stock an “overweight” rating in a research report on Friday, February 28th. The Goldman Sachs Group increased their price objective on Duolingo from $275.00 to $340.00 and gave the company a “neutral” rating in a research report on Monday, March 3rd. Finally, UBS Group set a $400.00 target price on Duolingo in a research note on Tuesday, March 18th. Seven equities research analysts have rated the stock with a hold rating, seven have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, Duolingo currently has an average rating of “Moderate Buy” and an average target price of $377.08.

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.