South Dakota Investment Council Buys 5,968 Shares of Duolingo, Inc. $DUOL

South Dakota Investment Council lifted its stake in Duolingo, Inc. (NASDAQ:DUOL) by 61.3% in the first quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 15,708 shares of the company’s stock after purchasing an additional 5,968 shares during the quarter. South Dakota Investment Council’s holdings in Duolingo were worth $1,548,000 at the end of the most recent reporting period.

Several other large investors have also recently modified their holdings of the stock. Root Financial Partners LLC lifted its position in Duolingo by 194.1% in the first quarter. Root Financial Partners LLC now owns 250 shares of the company’s stock worth $25,000 after buying an additional 165 shares during the last quarter. EFG International AG purchased a new position in Duolingo during the fourth quarter worth $26,000. AlphaCentric Advisors LLC bought a new position in Duolingo during the fourth quarter valued at $33,000. Banque Cantonale Vaudoise increased its position in Duolingo by 51.1% during 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, Caitong International Asset Management Co. Ltd purchased a new stake in shares of Duolingo in the fourth quarter valued at $43,000. Institutional investors own 91.59% of the company’s stock.

Duolingo Trading Up 0.9%

DUOL stock opened at $134.81 on Friday. The company has a market capitalization of $6.28 billion, a PE ratio of 15.51, a P/E/G ratio of 1.02 and a beta of 0.88. Duolingo, Inc. has a 12 month low of $87.89 and a 12 month high of $468.00. The firm’s 50-day moving average is $123.33 and its 200 day moving average is $115.99. The company has a debt-to-equity ratio of 0.07, a current ratio of 2.62 and a quick ratio of 2.62.

Duolingo (NASDAQ:DUOL) last announced its quarterly earnings data on Monday, May 4th. The company reported $0.89 earnings per share for the quarter, beating analysts’ consensus estimates of $0.79 by $0.10. The company had revenue of $291.97 million during the quarter, compared to analyst estimates of $288.60 million. Duolingo had a net margin of 38.44% and a return on equity of 14.07%. The firm’s revenue for the quarter was up 26.5% on a year-over-year basis. During the same quarter last year, the business posted $0.72 EPS. On average, research analysts anticipate that Duolingo, Inc. will post 2.81 EPS for the current year.

Wall Street Analyst Weigh In

DUOL has been the subject of several analyst reports. KeyCorp restated a “sector weight” rating on shares of Duolingo in a report on Thursday, June 4th. DA Davidson reiterated a “neutral” rating and set a $120.00 price target on shares of Duolingo in a report on Monday, June 29th. Wedbush assumed coverage on shares of Duolingo in a research report on Thursday, July 16th. They issued a “neutral” rating and a $139.00 price objective on the stock. UBS Group reissued a “neutral” rating on shares of Duolingo in a research report on Wednesday, June 17th. Finally, Scotiabank reissued a “sector perform” rating and issued a $130.00 price objective on shares of Duolingo in a research note on Tuesday. Two investment analysts have rated the stock with a Buy rating, twenty have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $152.29.

Insider Transactions at Duolingo

In other news, insider Robert Meese sold 1,420 shares of Duolingo stock in a transaction that occurred on Friday, May 15th. The shares were sold at an average price of $112.16, for a total transaction of $159,267.20. Following the completion of the sale, the insider owned 170,745 shares of the company’s stock, valued at approximately $19,150,759.20. The trade was a 0.82% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, insider Natalie Glance sold 3,360 shares of Duolingo stock in a transaction that occurred on Monday, May 18th. The shares were sold at an average price of $113.59, for a total transaction of $381,662.40. Following the sale, the insider directly owned 173,401 shares of the company’s stock, valued at $19,696,619.59. This represents a 1.90% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. 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. Over the last three months, insiders have sold 9,506 shares of company stock valued at $1,073,864. 16.62% of the stock is currently owned by company insiders.

Duolingo Company 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.