Duolingo Inc (NYSE:DUOL) Major Shareholder Durable Capital Partners Lp Purchases 38,484 Shares

Duolingo Inc (NYSE:DUOL) major shareholder Durable Capital Partners Lp bought 38,484 shares of the business’s stock in a transaction on Wednesday, January 12th. The shares were acquired at an average price of $103.82 per share, with a total value of $3,995,408.88. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Large shareholders that own at least 10% of a company’s stock are required to disclose their transactions with the SEC.

Durable Capital Partners Lp also recently made the following trade(s):

  • On Friday, January 14th, Durable Capital Partners Lp bought 32,700 shares of Duolingo stock. The shares were bought at an average cost of $91.62 per share, with a total value of $2,995,974.00.
  • On Monday, January 10th, Durable Capital Partners Lp acquired 40,852 shares of Duolingo stock. The stock was acquired at an average cost of $100.85 per share, with a total value of $4,119,924.20.
  • On Friday, January 7th, Durable Capital Partners Lp bought 50,323 shares of Duolingo stock. The stock was purchased at an average price of $102.42 per share, with a total value of $5,154,081.66.
  • On Wednesday, January 5th, Durable Capital Partners Lp purchased 27,650 shares of Duolingo stock. The shares were bought at an average price of $98.89 per share, with a total value of $2,734,308.50.
  • On Monday, January 3rd, Durable Capital Partners Lp acquired 34,764 shares of Duolingo stock. The stock was purchased at an average cost of $105.73 per share, with a total value of $3,675,597.72.

DUOL traded up $0.80 during trading on Friday, hitting $92.63. 202,107 shares of the stock were exchanged, compared to its average volume of 316,611. The stock has a 50 day moving average price of $114.59. Duolingo Inc has a 1 year low of $89.98 and a 1 year high of $204.99. The company has a quick ratio of 6.05, a current ratio of 6.05 and a debt-to-equity ratio of 0.02.

Duolingo (NYSE:DUOL) last released its quarterly earnings data on Wednesday, November 10th. The company reported ($0.98) EPS for the quarter, missing the consensus estimate of ($0.92) by ($0.06). The firm had revenue of $63.60 million for the quarter, compared to analysts’ expectations of $60.00 million. Duolingo had a negative return on equity of 88.94% and a negative net margin of 23.46%. Equities analysts anticipate that Duolingo Inc will post -2.34 earnings per share for the current year.

Several large investors have recently made changes to their positions in DUOL. KPCB DGF Associates LLC purchased a new position in shares of Duolingo in the 3rd quarter valued at $430,353,000. Baillie Gifford & Co. acquired a new stake in shares of Duolingo in the 3rd quarter worth $210,522,000. Morgan Stanley acquired a new stake in shares of Duolingo in the 3rd quarter worth $147,150,000. BlackRock Inc. acquired a new stake in Duolingo during the 3rd quarter worth about $62,484,000. Finally, Temasek Holdings Private Ltd acquired a new position in shares of Duolingo in the 3rd quarter valued at about $49,908,000. Institutional investors and hedge funds own 31.63% of the company’s stock.

A number of equities analysts have commented on the company. Zacks Investment Research cut Duolingo from a “buy” rating to a “hold” rating in a research note on Monday, November 15th. JMP Securities upped their price target on Duolingo from $160.00 to $180.00 and gave the stock an “outperform” rating in a research report on Wednesday, November 3rd. Evercore ISI upgraded Duolingo from an “in-line” rating to an “outperform” rating and increased their target price for the stock from $140.00 to $195.00 in a research report on Thursday, November 11th. Barclays raised their price objective on Duolingo from $125.00 to $160.00 and gave the company an “equal weight” rating in a research note on Thursday, November 11th. Finally, Piper Sandler reduced their price target on Duolingo from $182.00 to $137.00 and set an “overweight” rating on the stock in a report on Thursday. Five analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Buy” and an average price target of $161.00.

About Duolingo

Duolingo Inc provides mobile language learning platform. Duolingo Inc is based in PITTSBURGH.

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