Duolingo, Inc. (NASDAQ:DUOL) Shares Sold by Clearbridge Investments LLC

Clearbridge Investments LLC reduced its stake in shares of Duolingo, Inc. (NASDAQ:DUOL) by 12.7% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 104,693 shares of the company’s stock after selling 15,169 shares during the period. Clearbridge Investments LLC owned 0.24% of Duolingo worth $33,945,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently bought and sold shares of DUOL. Catalyst Capital Advisors LLC purchased a new stake in shares of Duolingo during the fourth quarter worth about $1,994,000. Taika Capital LP purchased a new stake in Duolingo in the 4th quarter worth approximately $2,697,000. Lecap Asset Management Ltd. purchased a new stake in Duolingo in the 4th quarter worth approximately $429,000. Rockefeller Capital Management L.P. acquired a new position in Duolingo in the 3rd quarter valued at $4,350,000. Finally, Diversified Trust Co purchased a new position in shares of Duolingo during the 4th quarter worth $784,000. Hedge funds and other institutional investors own 91.59% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages have recently commented on DUOL. Citizens Jmp raised Duolingo from a “market perform” rating to an “outperform” rating and set a $400.00 price objective for the company in a research report on Tuesday, March 18th. Needham & Company LLC lifted their price target on Duolingo from $385.00 to $400.00 and gave the company a “buy” rating in a report on Friday, February 28th. JPMorgan Chase & Co. increased their price objective on shares of Duolingo from $400.00 to $410.00 and gave the stock an “overweight” rating in a report on Friday, February 28th. JMP Securities restated a “market perform” rating on shares of Duolingo in a report on Friday, February 14th. Finally, The Goldman Sachs Group increased their price target on shares of Duolingo from $275.00 to $340.00 and gave the stock a “neutral” rating in a research note on Monday, March 3rd. Seven analysts have rated the stock with a hold rating, seven have issued a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, Duolingo presently has an average rating of “Moderate Buy” and a consensus target price of $377.08.

Duolingo Price Performance

Shares of NASDAQ DUOL opened at $327.38 on Wednesday. The company has a market capitalization of $14.81 billion, a price-to-earnings ratio of 178.90 and a beta of 0.92. The company has a debt-to-equity ratio of 0.07, a current ratio of 3.09 and a quick ratio of 3.09. Duolingo, Inc. has a 1-year low of $145.05 and a 1-year high of $441.77. The business has a 50-day moving average of $346.73 and a 200-day moving average of $325.78.

Duolingo (NASDAQ:DUOL) last released its quarterly earnings results on Thursday, February 27th. The company reported $0.31 earnings per share for the quarter, missing analysts’ consensus estimates of $0.50 by ($0.19). The company had revenue of $209.55 million during the quarter, compared to analysts’ expectations of $205.49 million. Duolingo had a return on equity of 11.74% and a net margin of 12.59%. On average, equities analysts anticipate that Duolingo, Inc. will post 2.03 EPS for the current fiscal year.

Insider Buying and Selling

In other Duolingo news, CFO Matthew Skaruppa sold 5,000 shares of the company’s stock in a transaction that occurred on Thursday, January 2nd. The stock was sold at an average price of $324.48, for a total value of $1,622,400.00. Following the transaction, the chief financial officer now directly owns 67,730 shares of the company’s stock, valued at $21,977,030.40. This represents a 6.87 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, General Counsel Stephen C. Chen sold 2,064 shares of the firm’s stock in a transaction that occurred on Tuesday, February 18th. The stock was sold at an average price of $435.12, for a total transaction of $898,087.68. Following the sale, the general counsel now directly owns 34,634 shares of the company’s stock, valued at $15,069,946.08. The trade was a 5.62 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 100,850 shares of company stock valued at $34,389,695 in the last quarter. Company insiders own 18.30% of the company’s stock.

About Duolingo

Duolingo, Inc operates as a mobile learning platform in the United States, the United Kingdom, and internationally. The company offers courses in 40 different languages, including Spanish, English, French, German, Italian, Portuguese, Japanese, and Chinese through its Duolingo app. It also provides a digital English language proficiency assessment exam.