Generali Investments Management Co LLC Buys New Shares in Duolingo, Inc. $DUOL

Generali Investments Management Co LLC purchased a new position in shares of Duolingo, Inc. (NASDAQ:DUOL) in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 4,915 shares of the company’s stock, valued at approximately $565,000.

A number of other large investors also recently bought and sold shares of the stock. Root Financial Partners LLC grew its stake in shares of Duolingo by 194.1% during the 1st quarter. Root Financial Partners LLC now owns 250 shares of the company’s stock valued at $25,000 after buying an additional 165 shares during the period. EFG International AG purchased a new position in shares of Duolingo in the 4th quarter worth $26,000. AlphaCentric Advisors LLC purchased a new position in shares of Duolingo in the 4th quarter worth $33,000. Banque Cantonale Vaudoise boosted its holdings in Duolingo by 51.1% in the first quarter. Banque Cantonale Vaudoise now owns 340 shares of the company’s stock valued at $34,000 after acquiring an additional 115 shares during the last quarter. Finally, FNY Investment Advisers LLC acquired a new position in Duolingo in the second quarter valued at $34,000. Hedge funds and other institutional investors own 91.59% of the company’s stock.

Insider Buying and Selling at Duolingo

In other Duolingo news, insider Natalie Glance sold 3,360 shares of the stock in a transaction that occurred on Monday, May 18th. The shares were sold at an average price of $113.59, for a total value of $381,662.40. Following the completion of the sale, the insider owned 173,401 shares of the company’s stock, valued at $19,696,619.59. This trade represents a 1.90% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 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. Also, General Counsel Stephen C. Chen sold 1,977 shares of Duolingo stock in a transaction that occurred on Monday, May 18th. The shares were sold at an average price of $113.61, for a total transaction of $224,606.97. Following the sale, the general counsel owned 52,807 shares in the company, valued at $5,999,403.27. This represents a 3.61% decrease in their position. The disclosure for this sale is available in the SEC filing. 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. Insiders sold 9,506 shares of company stock valued at $1,073,864 over the last 90 days. 16.62% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

DUOL has been the subject of a number of research reports. Scotiabank set a $120.00 price target on Duolingo in a research report on Thursday. DA Davidson raised their price objective on Duolingo from $120.00 to $130.00 and gave the stock a “neutral” rating in a report on Thursday. Wall Street Zen lowered Duolingo from a “hold” rating to a “sell” rating in a research note on Saturday. Barclays boosted their target price on Duolingo from $110.00 to $115.00 and gave the stock an “equal weight” rating in a report on Thursday. Finally, Evercore set a $105.00 target price on shares of Duolingo in a research report on Thursday. One investment analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating, eighteen have assigned a Hold rating and two have assigned a Sell rating to the company. Based on data from MarketBeat, the stock has an average rating of “Hold” and an average target price of $148.12.

Duolingo Price Performance

Shares of NASDAQ DUOL opened at $137.19 on Tuesday. The company has a debt-to-equity ratio of 0.06, a current ratio of 2.72 and a quick ratio of 2.72. Duolingo, Inc. has a 1-year low of $87.89 and a 1-year high of $373.50. The company has a market capitalization of $6.39 billion, a price-to-earnings ratio of 16.25, a PEG ratio of 1.03 and a beta of 0.87. The business has a 50-day moving average of $126.15 and a 200-day moving average of $114.78.

Duolingo (NASDAQ:DUOL) last announced its earnings results on Wednesday, August 5th. The company reported $0.66 EPS for the quarter, beating the consensus estimate of $0.60 by $0.06. The business had revenue of $298.45 million for the quarter, compared to the consensus estimate of $295.58 million. Duolingo had a return on equity of 12.10% and a net margin of 35.88%.The company’s revenue was up 18.3% on a year-over-year basis. During the same period last year, the business posted $0.91 EPS. On average, equities analysts anticipate that Duolingo, Inc. will post 2.74 EPS for the current fiscal year.

Duolingo 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.