Pallas Capital Advisors LLC Takes Position in Duolingo, Inc. (NASDAQ:DUOL)

Pallas Capital Advisors LLC purchased a new stake in shares of Duolingo, Inc. (NASDAQ:DUOL) during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 1,790 shares of the company’s stock, valued at approximately $504,000.

Several other institutional investors have also recently made changes to their positions in the company. Vanguard Group Inc. boosted its position in Duolingo by 2.0% during the first quarter. Vanguard Group Inc. now owns 3,387,433 shares of the company’s stock valued at $747,200,000 after purchasing an additional 67,004 shares in the last quarter. Whale Rock Capital Management LLC boosted its position in Duolingo by 23.9% during the first quarter. Whale Rock Capital Management LLC now owns 1,275,189 shares of the company’s stock valued at $281,281,000 after purchasing an additional 245,599 shares in the last quarter. Dragoneer Investment Group LLC bought a new stake in Duolingo during the second quarter valued at about $204,768,000. American Century Companies Inc. boosted its position in Duolingo by 25.1% during the second quarter. American Century Companies Inc. now owns 498,957 shares of the company’s stock valued at $104,117,000 after purchasing an additional 100,167 shares in the last quarter. Finally, Bank of New York Mellon Corp boosted its position in Duolingo by 153.1% during the second quarter. Bank of New York Mellon Corp now owns 395,123 shares of the company’s stock valued at $82,450,000 after purchasing an additional 238,990 shares in the last quarter. Hedge funds and other institutional investors own 91.59% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts have weighed in on DUOL shares. Barclays lowered their price target on Duolingo from $230.00 to $183.00 and set an “equal weight” rating for the company in a report on Friday, August 9th. Wolfe Research started coverage on Duolingo in a report on Tuesday, July 16th. They issued a “peer perform” rating for the company. JMP Securities downgraded Duolingo from an “outperform” rating to a “market perform” rating in a report on Monday, October 14th. UBS Group raised their price target on Duolingo from $225.00 to $355.00 and gave the stock a “buy” rating in a report on Tuesday, October 8th. Finally, Piper Sandler reissued an “overweight” rating and issued a $271.00 price target on shares of Duolingo in a report on Friday, August 30th. Four analysts have rated the stock with a hold rating, seven have given a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $277.22.

Insider Activity at Duolingo

In related news, insider Natalie Glance sold 1,500 shares of Duolingo stock in a transaction that occurred on Tuesday, August 6th. The stock was sold at an average price of $161.78, for a total transaction of $242,670.00. Following the completion of the transaction, the insider now directly owns 144,282 shares in the company, valued at approximately $23,341,941.96. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other news, insider Natalie Glance sold 1,500 shares of the business’s stock in a transaction that occurred on Tuesday, August 6th. The stock was sold at an average price of $161.78, for a total value of $242,670.00. Following the completion of the sale, the insider now directly owns 144,282 shares in the company, valued at $23,341,941.96. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CFO Matthew Skaruppa sold 17,591 shares of the business’s stock in a transaction that occurred on Wednesday, August 21st. The shares were sold at an average price of $207.27, for a total value of $3,646,086.57. Following the completion of the sale, the chief financial officer now owns 88,856 shares of the company’s stock, valued at $18,417,183.12. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 70,374 shares of company stock worth $15,575,012. 18.30% of the stock is owned by corporate insiders.

Duolingo Trading Up 1.8 %

Shares of NASDAQ:DUOL opened at $299.97 on Thursday. Duolingo, Inc. has a 52-week low of $141.50 and a 52-week high of $311.91. The stock has a market cap of $13.06 billion, a price-to-earnings ratio of 214.26 and a beta of 0.79. The company has a quick ratio of 3.28, a current ratio of 3.28 and a debt-to-equity ratio of 0.07. The business has a 50-day moving average price of $257.24 and a 200-day moving average price of $216.56.

Duolingo (NASDAQ:DUOL) last announced its quarterly earnings results on Wednesday, August 7th. The company reported $0.51 earnings per share for the quarter, beating the consensus estimate of $0.32 by $0.19. The company had revenue of $178.30 million during the quarter, compared to analysts’ expectations of $177.13 million. Duolingo had a return on equity of 9.64% and a net margin of 10.44%. Duolingo’s quarterly revenue was up 40.6% on a year-over-year basis. During the same period last year, the business earned $0.08 earnings per share. Equities analysts predict that Duolingo, Inc. will post 1.87 EPS for the current year.

Duolingo Company Profile

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.