Carnegie Mellon University Sells 5,000 Shares of Duolingo, Inc. (NASDAQ:DUOL)

Carnegie Mellon University decreased its position in Duolingo, Inc. (NASDAQ:DUOL) by 1.4% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 362,314 shares of the company’s stock after selling 5,000 shares during the quarter. Duolingo makes up approximately 99.1% of Carnegie Mellon University’s portfolio, making the stock its largest holding. Carnegie Mellon University’s holdings in Duolingo were worth $82,191,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also modified their holdings of DUOL. CHURCHILL MANAGEMENT Corp acquired a new stake in Duolingo in the 4th quarter valued at approximately $1,411,000. Raymond James & Associates acquired a new stake in shares of Duolingo in the fourth quarter worth $4,211,000. Cerity Partners LLC increased its position in Duolingo by 2,767.0% during the fourth quarter. Cerity Partners LLC now owns 46,789 shares of the company’s stock worth $10,614,000 after acquiring an additional 45,157 shares during the period. Wellington Management Group LLP raised its stake in Duolingo by 147.6% during the 3rd quarter. Wellington Management Group LLP now owns 602,200 shares of the company’s stock valued at $99,887,000 after purchasing an additional 358,938 shares during the last quarter. Finally, International Assets Investment Management LLC bought a new stake in Duolingo in the 4th quarter valued at $4,374,000. 91.59% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In other news, insider Severin Hacker sold 10,000 shares of Duolingo stock in a transaction that occurred on Thursday, February 1st. The shares were sold at an average price of $178.62, for a total value of $1,786,200.00. Following the completion of the transaction, the insider now owns 72 shares in the company, valued at $12,860.64. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other news, insider Severin Hacker sold 10,000 shares of the stock in a transaction on Thursday, February 1st. The stock was sold at an average price of $178.62, for a total transaction of $1,786,200.00. Following the sale, the insider now owns 72 shares in the company, valued at $12,860.64. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, General Counsel Stephen C. Chen sold 2,000 shares of the firm’s stock in a transaction on Friday, February 9th. The shares were sold at an average price of $190.00, for a total value of $380,000.00. Following the completion of the sale, the general counsel now owns 35,033 shares of the company’s stock, valued at $6,656,270. The disclosure for this sale can be found here. Insiders sold 113,223 shares of company stock worth $23,682,665 in the last quarter. 19.85% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on DUOL shares. Seaport Res Ptn reaffirmed a “buy” rating on shares of Duolingo in a research report on Tuesday, February 27th. Piper Sandler upped their price target on Duolingo from $217.00 to $282.00 and gave the company an “overweight” rating in a report on Thursday, February 29th. Needham & Company LLC raised their price objective on Duolingo from $210.00 to $241.00 and gave the stock a “buy” rating in a research report on Thursday, February 29th. The Goldman Sachs Group boosted their price objective on Duolingo from $160.00 to $190.00 and gave the company a “sell” rating in a research report on Thursday, February 29th. Finally, Barclays raised their target price on Duolingo from $173.00 to $243.00 and gave the stock an “equal weight” rating in a research report on Thursday, February 29th. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and five have given a buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $245.13.

Duolingo Price Performance

Shares of DUOL traded down $1.54 during mid-day trading on Thursday, reaching $214.84. The company had a trading volume of 506,025 shares, compared to its average volume of 730,224. The company has a debt-to-equity ratio of 0.03, a current ratio of 3.24 and a quick ratio of 3.24. The company has a market capitalization of $9.21 billion, a P/E ratio of 631.90 and a beta of 0.83. Duolingo, Inc. has a twelve month low of $116.82 and a twelve month high of $245.87. The company’s 50-day moving average is $212.04 and its 200-day moving average is $202.66.

Duolingo (NASDAQ:DUOL) last released its quarterly earnings data on Wednesday, February 28th. The company reported $0.26 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.21 by $0.05. Duolingo had a return on equity of 2.64% and a net margin of 3.03%. The firm had revenue of $150.99 million during the quarter, compared to analyst estimates of $146.98 million. On average, equities analysts anticipate that Duolingo, Inc. will post 1.38 EPS for the current year.

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.