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

X Square Capital LLC lifted its position in Duolingo, Inc. (NASDAQ:DUOLFree Report) by 266.1% during the 3rd quarter, according to its most recent disclosure with the SEC. The fund owned 7,725 shares of the company’s stock after purchasing an additional 5,615 shares during the period. X Square Capital LLC’s holdings in Duolingo were worth $2,486,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also bought and sold shares of the company. Bryce Point Capital LLC bought a new position in Duolingo in the second quarter worth about $946,000. Vanguard Group Inc. boosted its position in shares of Duolingo by 3.3% during the second quarter. Vanguard Group Inc. now owns 3,647,951 shares of the company’s stock valued at $1,495,733,000 after buying an additional 116,135 shares during the last quarter. Los Angeles Capital Management LLC purchased a new position in shares of Duolingo during the second quarter valued at approximately $14,377,000. Rhumbline Advisers lifted its holdings in shares of Duolingo by 17.2% during the 2nd quarter. Rhumbline Advisers now owns 124,376 shares of the company’s stock valued at $50,997,000 after buying an additional 18,210 shares during the period. Finally, Jefferies Financial Group Inc. boosted its position in Duolingo by 117.0% in the second quarter. Jefferies Financial Group Inc. now owns 26,367 shares of the company’s stock worth $10,811,000 after purchasing an additional 14,219 shares during the last quarter. Hedge funds and other institutional investors own 91.59% of the company’s stock.

Analyst Upgrades and Downgrades

DUOL has been the subject of several recent research reports. Citizens Jmp lowered Duolingo from a “market outperform” rating to a “hold” rating in a report on Thursday, November 6th. Barclays reduced their price objective on shares of Duolingo from $390.00 to $230.00 and set an “equal weight” rating on the stock in a research report on Thursday, November 6th. UBS Group set a $245.00 price target on shares of Duolingo in a report on Monday, January 5th. KeyCorp cut shares of Duolingo from an “overweight” rating to a “sector weight” rating in a research note on Thursday, November 6th. Finally, Citigroup restated a “market perform” rating on shares of Duolingo in a research report on Monday, January 12th. Eleven investment analysts have rated the stock with a Buy rating, eleven have assigned a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, Duolingo currently has an average rating of “Hold” and an average target price of $292.37.

Read Our Latest Stock Analysis on DUOL

Insider Buying and Selling

In other news, CFO Matthew Skaruppa sold 3,986 shares of Duolingo stock in a transaction that occurred on Wednesday, February 18th. The stock was sold at an average price of $113.52, for a total value of $452,490.72. Following the completion of the transaction, the chief financial officer owned 31,631 shares in the company, valued at approximately $3,590,751.12. The trade was a 11.19% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, General Counsel Stephen C. Chen sold 1,901 shares of the business’s stock in a transaction that occurred on Wednesday, February 18th. The shares were 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 position. Additional details regarding this sale are available in the official SEC disclosure. In the last three months, insiders have sold 14,939 shares of company stock valued at $1,676,291. 18.30% of the stock is currently owned by company insiders.

Key Stories Impacting Duolingo

Here are the key news stories impacting Duolingo this week:

Duolingo Stock Up 1.6%

Shares of NASDAQ DUOL opened at $112.94 on Monday. The company has a current ratio of 2.82, a quick ratio of 2.82 and a debt-to-equity ratio of 0.07. Duolingo, Inc. has a 12-month low of $107.16 and a 12-month high of $544.93. The firm’s 50-day moving average price is $152.08 and its 200-day moving average price is $231.60. The stock has a market capitalization of $5.22 billion, a price-to-earnings ratio of 14.31, a P/E/G ratio of 0.60 and a beta of 0.86.

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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