X Square Capital LLC Purchases 5,615 Shares of Duolingo, Inc. $DUOL

X Square Capital LLC grew its holdings in shares of Duolingo, Inc. (NASDAQ:DUOLFree Report) by 266.1% during the third quarter, HoldingsChannel reports. The institutional investor owned 7,725 shares of the company’s stock after buying an additional 5,615 shares during the period. X Square Capital LLC’s holdings in Duolingo were worth $2,486,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently modified their holdings of the business. Atlantic Union Bankshares Corp bought a new stake in shares of Duolingo during the 3rd quarter worth approximately $32,000. Emerald Mutual Fund Advisers Trust purchased a new stake in Duolingo in the second quarter worth $40,000. Farther Finance Advisors LLC increased its stake in Duolingo by 82.2% in the third quarter. Farther Finance Advisors LLC now owns 133 shares of the company’s stock worth $43,000 after purchasing an additional 60 shares during the period. Cornerstone Planning Group LLC lifted its position in shares of Duolingo by 8,900.0% during the third quarter. Cornerstone Planning Group LLC now owns 180 shares of the company’s stock worth $58,000 after purchasing an additional 178 shares during the last quarter. Finally, Caitong International Asset Management Co. Ltd boosted its stake in shares of Duolingo by 46.0% during the second quarter. Caitong International Asset Management Co. Ltd now owns 146 shares of the company’s stock valued at $60,000 after purchasing an additional 46 shares during the period. 91.59% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In related news, General Counsel Stephen C. Chen sold 1,901 shares of the company’s stock in a transaction that occurred on Wednesday, February 18th. The stock was sold at an average price of $113.26, for a total value of $215,307.26. Following the transaction, the general counsel directly owned 30,545 shares in the company, valued at approximately $3,459,526.70. This represents a 5.86% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Natalie Glance sold 3,545 shares of the stock in a transaction on Wednesday, February 18th. The stock was sold at an average price of $113.51, for a total value of $402,392.95. Following the transaction, the insider owned 115,380 shares of the company’s stock, valued at approximately $13,096,783.80. This represents a 2.98% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold a total of 14,939 shares of company stock worth $1,676,291 in the last 90 days. 18.30% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

DUOL has been the topic of several recent analyst reports. UBS Group set a $245.00 price target on shares of Duolingo in a research note on Monday, January 5th. Citizens Jmp lowered shares of Duolingo from a “market outperform” rating to a “hold” rating in a research report on Thursday, November 6th. The Goldman Sachs Group decreased their price objective on shares of Duolingo from $425.00 to $250.00 and set a “neutral” rating for the company in a research report on Friday, November 7th. Jefferies Financial Group raised their price target on shares of Duolingo from $210.00 to $220.00 and gave the company a “hold” rating in a research note on Thursday, December 11th. Finally, Bank of America upgraded Duolingo from a “neutral” rating to a “buy” rating and cut their price objective for the stock from $301.00 to $250.00 in a research note on Monday, January 5th. Eleven research analysts have rated the stock with a Buy rating, eleven have assigned a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, Duolingo has an average rating of “Hold” and a consensus price target of $292.37.

Check Out Our Latest Stock Report on Duolingo

Duolingo Price Performance

Shares of DUOL stock opened at $112.94 on Monday. The company has a debt-to-equity ratio of 0.07, a current ratio of 2.82 and a quick ratio of 2.82. The company has a market capitalization of $5.22 billion, a PE ratio of 14.31, a price-to-earnings-growth ratio of 0.60 and a beta of 0.86. The firm’s 50-day moving average is $152.08 and its two-hundred day moving average is $231.60. Duolingo, Inc. has a 12 month low of $107.16 and a 12 month high of $544.93.

Duolingo News Summary

Here are the key news stories impacting Duolingo this week:

Duolingo Profile

(Free Report)

Duolingo, Inc (NASDAQ:DUOL) is a technology-driven education company that operates a widely used language-learning platform. Founded in 2011 by Luis von Ahn and Severin Hacker, Duolingo offers a freemium service featuring bite-sized lessons, gamified exercises and adaptive learning algorithms. The company’s core product is its mobile and web application, which supports instruction in more than 40 languages, ranging from widely spoken tongues such as English and Spanish to lesser-taught options including Irish and Swahili.

In addition to its flagship language courses, Duolingo has expanded its product suite to include the Duolingo English Test, an on-demand, computer-based English proficiency exam designed for academic and professional admissions.

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Institutional Ownership by Quarter for Duolingo (NASDAQ:DUOL)

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