Duolingo Inc (NYSE:DUOL) Major Shareholder Acquires $2,995,974.00 in Stock

Duolingo Inc (NYSE:DUOL) major shareholder Durable Capital Partners Lp bought 32,700 shares of Duolingo stock in a transaction on Friday, January 14th. The stock was acquired at an average price of $91.62 per share, for a total transaction of $2,995,974.00. The purchase was disclosed in a filing with the SEC, which is available through the SEC website. Large shareholders that own at least 10% of a company’s shares are required to disclose their transactions with the SEC.

Durable Capital Partners Lp also recently made the following trade(s):

  • On Wednesday, January 12th, Durable Capital Partners Lp bought 38,484 shares of Duolingo stock. The shares were bought at an average cost of $103.82 per share, with a total value of $3,995,408.88.
  • On Monday, January 10th, Durable Capital Partners Lp acquired 40,852 shares of Duolingo stock. The shares were acquired at an average cost of $100.85 per share, with a total value of $4,119,924.20.
  • On Friday, January 7th, Durable Capital Partners Lp bought 50,323 shares of Duolingo stock. The stock was purchased at an average cost of $102.42 per share, with a total value of $5,154,081.66.
  • On Wednesday, January 5th, Durable Capital Partners Lp acquired 27,650 shares of Duolingo stock. The shares were bought at an average cost of $98.89 per share, with a total value of $2,734,308.50.
  • On Monday, January 3rd, Durable Capital Partners Lp bought 34,764 shares of Duolingo stock. The shares were acquired at an average cost of $105.73 per share, with a total value of $3,675,597.72.

NYSE DUOL traded up $0.80 on Friday, hitting $92.63. 202,107 shares of the stock were exchanged, compared to its average volume of 316,611. Duolingo Inc has a 52-week low of $89.98 and a 52-week high of $204.99. The company has a debt-to-equity ratio of 0.02, a quick ratio of 6.05 and a current ratio of 6.05. The business’s 50-day moving average price is $114.59.

Duolingo (NYSE:DUOL) last released its quarterly earnings data on Wednesday, November 10th. The company reported ($0.98) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.92) by ($0.06). Duolingo had a negative net margin of 23.46% and a negative return on equity of 88.94%. The business had revenue of $63.60 million during the quarter, compared to analyst estimates of $60.00 million. On average, research analysts forecast that Duolingo Inc will post -2.34 EPS for the current fiscal year.

DUOL has been the topic of a number of research reports. JMP Securities upped their price target on Duolingo from $160.00 to $180.00 and gave the stock an “outperform” rating in a report on Wednesday, November 3rd. Evercore ISI upgraded Duolingo from an “in-line” rating to an “outperform” rating and raised their price objective for the stock from $140.00 to $195.00 in a report on Thursday, November 11th. Zacks Investment Research cut Duolingo from a “buy” rating to a “hold” rating in a report on Monday, November 15th. Barclays increased their target price on Duolingo from $125.00 to $160.00 and gave the stock an “equal weight” rating in a research report on Thursday, November 11th. Finally, Piper Sandler cut their price objective on Duolingo from $182.00 to $137.00 and set an “overweight” rating on the stock in a research report on Thursday. Five analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Buy” and a consensus price target of $161.00.

Several institutional investors and hedge funds have recently made changes to their positions in DUOL. Baillie Gifford & Co. acquired a new position in shares of Duolingo during the third quarter valued at about $210,522,000. KPCB DGF Associates LLC bought a new stake in Duolingo in the third quarter valued at about $430,353,000. Davy Global Fund Management Ltd bought a new stake in Duolingo in the third quarter valued at about $966,000. Advisor Group Holdings Inc. bought a new stake in Duolingo during the third quarter worth about $35,000. Finally, River & Mercantile Asset Management LLP bought a new stake in Duolingo during the third quarter worth about $167,000. 31.63% of the stock is owned by institutional investors and hedge funds.

Duolingo Company Profile

Duolingo Inc provides mobile language learning platform. Duolingo Inc is based in PITTSBURGH.

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