47,672 Shares in Duolingo, Inc. $DUOL Bought by Sands Capital Management LLC

Sands Capital Management LLC purchased a new stake in shares of Duolingo, Inc. (NASDAQ:DUOL) during the third quarter, HoldingsChannel reports. The fund purchased 47,672 shares of the company’s stock, valued at approximately $15,343,000.

Several other large investors have also made changes to their positions in DUOL. Meiji Yasuda Asset Management Co Ltd. boosted its stake in shares of Duolingo by 3.5% in the second quarter. Meiji Yasuda Asset Management Co Ltd. now owns 940 shares of the company’s stock worth $385,000 after acquiring an additional 32 shares during the period. Evergreen Capital Management LLC raised its stake in Duolingo by 5.0% during the 2nd quarter. Evergreen Capital Management LLC now owns 818 shares of the company’s stock valued at $335,000 after purchasing an additional 39 shares during the period. Generali Investments Towarzystwo Funduszy Inwestycyjnych lifted its holdings in Duolingo by 22.2% in the 3rd quarter. Generali Investments Towarzystwo Funduszy Inwestycyjnych now owns 220 shares of the company’s stock worth $71,000 after purchasing an additional 40 shares in the last quarter. Atria Investments Inc lifted its holdings in Duolingo by 5.7% in the 2nd quarter. Atria Investments Inc now owns 929 shares of the company’s stock worth $381,000 after purchasing an additional 50 shares in the last quarter. Finally, Farther Finance Advisors LLC boosted its stake in Duolingo by 82.2% in the 3rd 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. 91.59% of the stock is currently owned by hedge funds and other institutional investors.

Duolingo Stock Down 5.2%

Shares of DUOL opened at $95.18 on Wednesday. The stock has a market capitalization of $4.40 billion, a price-to-earnings ratio of 11.17, a price-to-earnings-growth ratio of 0.70 and a beta of 0.90. Duolingo, Inc. has a 1 year low of $91.99 and a 1 year high of $544.93. The business’s 50 day simple moving average is $133.14 and its 200-day simple moving average is $211.24. The company has a debt-to-equity ratio of 0.07, a current ratio of 2.61 and a quick ratio of 2.61.

Duolingo (NASDAQ:DUOL) last posted its earnings results on Thursday, February 26th. The company reported $0.91 earnings per share for the quarter, beating analysts’ consensus estimates of $0.79 by $0.12. Duolingo had a net margin of 39.91% and a return on equity of 14.88%. The firm had revenue of $282.87 million during the quarter, compared to analyst estimates of $275.95 million. The firm’s revenue for the quarter was up 35.0% on a year-over-year basis. As a group, equities analysts expect that Duolingo, Inc. will post 2.03 earnings per share for the current fiscal year.

Insider Buying and Selling at Duolingo

In other news, CFO Matthew Skaruppa sold 3,986 shares of the business’s stock in a transaction dated Wednesday, February 18th. The shares were sold at an average price of $113.52, for a total value of $452,490.72. Following the sale, the chief financial officer directly owned 31,631 shares in the company, valued at $3,590,751.12. The trade was a 11.19% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director James H. Shelton bought 5,000 shares of the firm’s stock in a transaction dated Tuesday, March 3rd. The shares were acquired at an average price of $99.76 per share, for a total transaction of $498,800.00. Following the completion of the transaction, the director directly owned 9,632 shares in the company, valued at approximately $960,888.32. This represents a 107.94% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. Insiders have sold 14,939 shares of company stock valued at $1,676,291 over the last ninety days. Corporate insiders own 18.30% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages have issued reports on DUOL. Wells Fargo & Company cut their price objective on shares of Duolingo from $185.00 to $160.00 and set an “underweight” rating for the company in a report on Thursday, January 8th. Weiss Ratings restated a “hold (c)” rating on shares of Duolingo in a research report on Monday, December 29th. BMO Capital Markets raised shares of Duolingo to a “buy” rating in a research note on Monday, January 12th. Bank of America reiterated a “neutral” rating and issued a $100.00 price target on shares of Duolingo in a report on Friday, February 27th. Finally, Truist Financial cut shares of Duolingo from a “buy” rating to a “hold” rating and set a $100.00 price target on the stock. in a research note on Friday, February 27th. Five research analysts have rated the stock with a Buy rating, sixteen have given a Hold rating and two have issued a Sell rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $206.32.

Duolingo Company 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.