Caxton Associates LLP Has $3.64 Million Holdings in Duolingo, Inc. $DUOL

Caxton Associates LLP grew its stake in Duolingo, Inc. (NASDAQ:DUOL) by 2,526.0% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 36,948 shares of the company’s stock after purchasing an additional 35,541 shares during the period. Caxton Associates LLP’s holdings in Duolingo were worth $3,642,000 as of its most recent SEC filing.

A number of other hedge funds also recently modified their holdings of DUOL. Baillie Gifford & Co. boosted its stake in Duolingo by 71.9% during the fourth quarter. Baillie Gifford & Co. now owns 4,861,445 shares of the company’s stock worth $853,184,000 after buying an additional 2,033,611 shares in the last quarter. Capital World Investors increased its stake in Duolingo by 0.5% in the fourth quarter. Capital World Investors now owns 2,241,378 shares of the company’s stock valued at $393,362,000 after acquiring an additional 11,140 shares during the period. State of Michigan Retirement System increased its stake in Duolingo by 112.9% in the first quarter. State of Michigan Retirement System now owns 1,193,307 shares of the company’s stock valued at $117,624,000 after acquiring an additional 632,807 shares during the period. State Street Corp raised its position in Duolingo by 0.5% in the second quarter. State Street Corp now owns 1,164,387 shares of the company’s stock worth $477,422,000 after purchasing an additional 6,109 shares in the last quarter. Finally, Whale Rock Capital Management LLC lifted its stake in Duolingo by 1.0% during the fourth quarter. Whale Rock Capital Management LLC now owns 876,646 shares of the company’s stock worth $153,851,000 after purchasing an additional 8,477 shares during the period. Institutional investors own 91.59% of the company’s stock.

Analyst Ratings Changes

A number of research firms have weighed in on DUOL. KeyCorp reaffirmed a “sector weight” rating on shares of Duolingo in a report on Thursday, June 4th. Jefferies Financial Group increased their target price on Duolingo from $95.00 to $125.00 and gave the stock a “hold” rating in a report on Tuesday, July 14th. UBS Group restated a “neutral” rating on shares of Duolingo in a research report on Wednesday, June 17th. JPMorgan Chase & Co. boosted their price target on Duolingo from $94.00 to $125.00 and gave the company a “neutral” rating in a research note on Friday, July 17th. Finally, Evercore set a $97.00 price target on Duolingo in a research report on Tuesday, May 5th. Two equities research analysts have rated the stock with a Buy rating, twenty have assigned a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $167.17.

Insider Activity

In other Duolingo news, insider Natalie Glance sold 3,360 shares of the firm’s stock in a transaction dated Monday, May 18th. The stock was sold at an average price of $113.59, for a total transaction of $381,662.40. Following the transaction, the insider owned 173,401 shares in the company, valued at approximately $19,696,619.59. This trade represents a 1.90% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, General Counsel Stephen C. Chen sold 1,977 shares of the business’s stock in a transaction on Monday, May 18th. The shares were sold at an average price of $113.61, for a total transaction of $224,606.97. Following the completion of the transaction, the general counsel directly owned 52,807 shares of the company’s stock, valued at $5,999,403.27. This trade represents a 3.61% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders have sold 9,506 shares of company stock valued at $1,073,864 over the last 90 days. 16.62% of the stock is owned by company insiders.

Duolingo Stock Up 1.0%

Shares of NASDAQ:DUOL opened at $120.67 on Friday. Duolingo, Inc. has a 12 month low of $87.89 and a 12 month high of $468.00. The firm has a market cap of $5.62 billion, a P/E ratio of 13.89, a P/E/G ratio of 0.91 and a beta of 0.88. The company has a quick ratio of 2.62, a current ratio of 2.62 and a debt-to-equity ratio of 0.07. The company’s 50-day moving average price is $120.42 and its two-hundred day moving average price is $117.41.

Duolingo (NASDAQ:DUOL) last announced its earnings results on Monday, May 4th. The company reported $0.89 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.79 by $0.10. The company had revenue of $291.97 million for the quarter, compared to analyst estimates of $288.60 million. Duolingo had a net margin of 38.44% and a return on equity of 14.07%. Duolingo’s quarterly revenue was up 26.5% on a year-over-year basis. During the same period in the prior year, the business earned $0.72 earnings per share. As a group, research analysts forecast that Duolingo, Inc. will post 2.81 EPS for the current fiscal year.

Duolingo Profile

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.