Redhawk Wealth Advisors Inc. Decreases Stock Holdings in Duolingo, Inc. (NASDAQ:DUOL)

Redhawk Wealth Advisors Inc. decreased its stake in shares of Duolingo, Inc. (NASDAQ:DUOL) by 0.5% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 7,970 shares of the company’s stock after selling 37 shares during the period. Redhawk Wealth Advisors Inc.’s holdings in Duolingo were worth $2,584,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Dragoneer Investment Group LLC bought a new stake in shares of Duolingo during the 2nd quarter valued at about $204,768,000. Charles Schwab Investment Management Inc. boosted its holdings in shares of Duolingo by 42.2% in the third quarter. Charles Schwab Investment Management Inc. now owns 342,280 shares of the company’s stock worth $96,530,000 after buying an additional 101,653 shares during the last quarter. Teachers Retirement System of The State of Kentucky grew its position in Duolingo by 23.7% during the second quarter. Teachers Retirement System of The State of Kentucky now owns 67,114 shares of the company’s stock valued at $14,005,000 after buying an additional 12,860 shares during the period. Lisanti Capital Growth LLC increased its holdings in Duolingo by 17.8% during the third quarter. Lisanti Capital Growth LLC now owns 11,645 shares of the company’s stock valued at $3,284,000 after buying an additional 1,760 shares during the last quarter. Finally, Rockefeller Capital Management L.P. bought a new position in Duolingo in the third quarter worth approximately $4,350,000. Hedge funds and other institutional investors own 91.59% of the company’s stock.

Insider Buying and Selling

In related news, insider Severin Hacker sold 10,000 shares of the firm’s stock in a transaction on Monday, January 6th. The shares were sold at an average price of $336.23, for a total value of $3,362,300.00. Following the completion of the transaction, the insider now directly owns 72 shares of the company’s stock, valued at approximately $24,208.56. This trade represents a 99.29 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CFO Matthew Skaruppa sold 4,464 shares of the company’s stock in a transaction on Monday, January 13th. The shares were sold at an average price of $313.55, for a total transaction of $1,399,687.20. Following the sale, the chief financial officer now directly owns 63,266 shares in the company, valued at approximately $19,837,054.30. The trade was a 6.59 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 263,124 shares of company stock worth $89,126,238. Corporate insiders own 18.30% of the company’s stock.

Duolingo Price Performance

DUOL stock opened at $319.98 on Thursday. The company has a debt-to-equity ratio of 0.07, a quick ratio of 3.09 and a current ratio of 3.09. The company’s fifty day moving average price is $336.04 and its 200-day moving average price is $266.40. Duolingo, Inc. has a one year low of $145.05 and a one year high of $378.48. The company has a market capitalization of $14.07 billion, a PE ratio of 174.85 and a beta of 0.87.

Duolingo (NASDAQ:DUOL) last announced its quarterly earnings results on Wednesday, November 6th. The company reported $0.49 EPS for the quarter, topping the consensus estimate of $0.35 by $0.14. Duolingo had a net margin of 12.59% and a return on equity of 11.74%. The business had revenue of $192.59 million for the quarter, compared to analysts’ expectations of $189.19 million. During the same quarter in the previous year, the company earned $0.06 EPS. The business’s quarterly revenue was up 39.9% compared to the same quarter last year. On average, equities analysts anticipate that Duolingo, Inc. will post 2.02 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of equities research analysts have recently issued reports on the stock. The Goldman Sachs Group boosted their price objective on shares of Duolingo from $250.00 to $275.00 and gave the company a “neutral” rating in a research report on Thursday, November 7th. Seaport Res Ptn cut Duolingo from a “strong-buy” rating to a “hold” rating in a research report on Thursday, November 7th. Needham & Company LLC raised their price objective on Duolingo from $370.00 to $385.00 and gave the stock a “buy” rating in a research note on Thursday, December 19th. Piper Sandler boosted their price objective on Duolingo from $271.00 to $351.00 and gave the company an “overweight” rating in a research note on Thursday, November 7th. Finally, JPMorgan Chase & Co. raised their target price on shares of Duolingo from $360.00 to $400.00 and gave the stock an “overweight” rating in a research note on Thursday, December 12th. Six analysts have rated the stock with a hold rating, six have given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, Duolingo has an average rating of “Moderate Buy” and an average target price of $353.90.

Duolingo 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.