VIRGINIA RETIREMENT SYSTEMS ET Al Sells 3,660 Shares of Duolingo, Inc. $DUOL

VIRGINIA RETIREMENT SYSTEMS ET Al cut its stake in Duolingo, Inc. (NASDAQ:DUOL) by 35.6% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 6,615 shares of the company’s stock after selling 3,660 shares during the period. VIRGINIA RETIREMENT SYSTEMS ET Al’s holdings in Duolingo were worth $942,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Root Financial Partners LLC boosted its position in Duolingo by 194.1% in the first quarter. Root Financial Partners LLC now owns 250 shares of the company’s stock valued at $25,000 after buying an additional 165 shares in the last quarter. Versant Capital Management Inc grew its position in Duolingo by 73.4% during the 3rd quarter. Versant Capital Management Inc now owns 267 shares of the company’s stock worth $38,000 after acquiring an additional 113 shares during the last quarter. FNY Investment Advisers LLC bought a new stake in Duolingo during the 2nd quarter worth approximately $34,000. Parallel Advisors LLC increased its holdings in Duolingo by 280.6% during the 1st quarter. Parallel Advisors LLC now owns 765 shares of the company’s stock valued at $75,000 after purchasing an additional 564 shares in the last quarter. Finally, PeakShares LLC acquired a new stake in Duolingo during the 1st quarter valued at $99,000. 91.59% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on DUOL. Susquehanna started coverage on shares of Duolingo in a report on Tuesday, August 18th. They set a “positive” rating on the stock. Citigroup restated a “market perform” rating on shares of Duolingo in a research report on Wednesday. Wall Street Zen raised Duolingo from a “sell” rating to a “hold” rating in a research note on Sunday, August 16th. Barclays upped their price target on Duolingo from $115.00 to $133.00 and gave the company an “equal weight” rating in a research note on Wednesday. Finally, Wells Fargo & Company upgraded shares of Duolingo from an “underweight” rating to an “equal weight” rating and lifted their price target for the stock from $80.00 to $120.00 in a research report on Wednesday. Eight analysts have rated the stock with a Buy rating, fourteen have given a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, the company presently has an average rating of “Hold” and an average target price of $145.62.

Key Stories Impacting Duolingo

Here are the key news stories impacting Duolingo this week:

• Positive Sentiment: Duolingo’s Q3 revenue beat expectations, while daily active users grew about 29% year over year and paid subscribers rose 14%. Management also raised its full-year revenue outlook and forecast Q4 bookings growth, supporting the longer-term growth case. Duolingo results and outlook
• Positive Sentiment: CEO commentary on monetizing while protecting the free-user experience may reassure investors concerned that stronger ads or paid features could undermine engagement. CEO on monetization and free users
• Neutral Sentiment: Truist raised its price target to $170 but kept a Hold rating, reflecting improved expectations while signaling limited conviction after the recent rebound. Analyst updates
• Negative Sentiment: Q3 EPS came in below consensus, and bookings growth lagged the increase in daily users. That gap raises questions about how quickly Duolingo can convert engagement into revenue and profits; valuation concerns may also weigh after the recent surge. Duolingo valuation analysis
• Negative Sentiment: Several law firms publicized a securities class action alleging misleading statements during May 2025–February 2026. The claims are allegations, not findings, but the litigation adds uncertainty. Class action notice
• Negative Sentiment: Two insiders reported stock sales. Both transactions were made under pre-arranged Rule 10b5-1 plans, which may temper the signal, but insider selling can still add to cautious sentiment. SEC insider-sale filing

Insider Transactions at Duolingo

In related news, CEO Luis van Ahn sold 110,046 shares of the stock in a transaction on Wednesday, October 7th. The shares were sold at an average price of $151.70, for a total transaction of $16,693,978.20. Following the completion of the transaction, the chief executive officer owned 110,046 shares in the company, valued at approximately $16,693,978.20. This represents a 50.00% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Natalie Glance sold 1,539 shares of the stock in a transaction dated Tuesday, August 18th. The stock was sold at an average price of $137.80, for a total transaction of $212,074.20. Following the transaction, the insider owned 169,111 shares of the company’s stock, valued at approximately $23,303,495.80. This represents a 0.90% decrease in their ownership of the stock. 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. Over the last quarter, insiders have sold 264,440 shares of company stock worth $39,697,193. 16.62% of the stock is currently owned by insiders.

Duolingo Trading Down 2.6%

NASDAQ DUOL opened at $157.02 on Friday. Duolingo, Inc. has a one year low of $87.89 and a one year high of $213.37. The company has a debt-to-equity ratio of 0.06, a current ratio of 2.75 and a quick ratio of 2.72. The firm has a market cap of $7.35 billion, a P/E ratio of 51.82, a P/E/G ratio of 1.30 and a beta of 1.08. The stock’s 50-day moving average is $145.28 and its 200-day moving average is $124.17.

Duolingo (NASDAQ:DUOL) last posted its earnings results on Tuesday, November 3rd. The company reported $0.54 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.57 by ($0.03). Duolingo had a return on equity of 10.35% and a net margin of 12.33%. The business had revenue of $309.01 million for the quarter, compared to the consensus estimate of $303.20 million. During the same period in the previous year, the company posted $5.95 earnings per share. Duolingo’s revenue for the quarter was up 13.7% compared to the same quarter last year. Sell-side analysts anticipate that Duolingo, Inc. will post 2.65 earnings per share for the current fiscal year.

Duolingo Profile

Duolingo, Inc develops technology-based learning products designed to make education accessible and engaging. Its flagship Duolingo mobile and web platform offers gamified courses in languages including Spanish, English, French, German and Japanese, among others. Lessons incorporate interactive exercises, personalized practice and achievement-based features intended to support regular learning.

The company also operates the Duolingo English Test, an online English-proficiency assessment that can be taken remotely and is accepted by educational institutions and other organizations.