Cynosure Group LLC Sells 568 Shares of Duolingo, Inc. (NASDAQ:DUOL)

Cynosure Group LLC cut its stake in shares of Duolingo, Inc. (NASDAQ:DUOL) by 40.6% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 832 shares of the company’s stock after selling 568 shares during the quarter. Cynosure Group LLC’s holdings in Duolingo were worth $270,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also added to or reduced their stakes in DUOL. Mirae Asset Global Investments Co. Ltd. bought a new position in Duolingo in the fourth quarter valued at about $31,000. Harvest Fund Management Co. Ltd boosted its position in Duolingo by 5,050.0% during the 4th quarter. Harvest Fund Management Co. Ltd now owns 103 shares of the company’s stock worth $33,000 after buying an additional 101 shares during the period. Global Retirement Partners LLC grew its holdings in Duolingo by 1,255.6% during the 4th quarter. Global Retirement Partners LLC now owns 122 shares of the company’s stock worth $40,000 after acquiring an additional 113 shares during the last quarter. Smithfield Trust Co increased its position in Duolingo by 41.8% in the 4th quarter. Smithfield Trust Co now owns 156 shares of the company’s stock valued at $51,000 after acquiring an additional 46 shares during the period. Finally, R Squared Ltd acquired a new position in shares of Duolingo during the fourth quarter worth $55,000. 91.59% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Duolingo

In other Duolingo news, insider Natalie Glance sold 3,482 shares of the business’s stock in a transaction that occurred on Tuesday, April 1st. The stock was sold at an average price of $319.59, for a total transaction of $1,112,812.38. Following the completion of the sale, the insider now directly owns 127,251 shares of the company’s stock, valued at approximately $40,668,147.09. The trade was a 2.66 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider Severin Hacker sold 10,000 shares of the firm’s stock in a transaction that occurred 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 owns 72 shares in the company, valued at $24,208.56. This represents a 99.29 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 99,332 shares of company stock valued at $33,880,107 over the last three months. Corporate insiders own 18.30% of the company’s stock.

Duolingo Trading Down 6.7 %

Shares of Duolingo stock opened at $292.88 on Friday. The stock has a market capitalization of $13.25 billion, a PE ratio of 160.04 and a beta of 0.92. Duolingo, Inc. has a 52 week low of $145.05 and a 52 week high of $441.77. The stock has a 50 day moving average price of $345.60 and a two-hundred day moving average price of $326.19. The company has a debt-to-equity ratio of 0.07, a quick ratio of 3.09 and a current ratio of 3.09.

Duolingo (NASDAQ:DUOL) last posted its quarterly earnings results on Thursday, February 27th. The company reported $0.31 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.50 by ($0.19). Duolingo had a net margin of 12.59% and a return on equity of 11.74%. The business had revenue of $209.55 million during the quarter, compared to analyst estimates of $205.49 million. As a group, equities analysts anticipate that Duolingo, Inc. will post 2.03 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several research analysts recently issued reports on DUOL shares. Jefferies Financial Group assumed coverage on Duolingo in a research report on Friday, January 24th. They set a “hold” rating and a $370.00 target price for the company. UBS Group set a $400.00 price objective on Duolingo in a research note on Tuesday, March 18th. Barclays raised their price target on shares of Duolingo from $295.00 to $330.00 and gave the stock an “equal weight” rating in a report on Friday, February 28th. JMP Securities reaffirmed a “market perform” rating on shares of Duolingo in a research note on Friday, February 14th. Finally, Citizens Jmp upgraded shares of Duolingo from a “market perform” rating to an “outperform” rating and set a $400.00 price objective for the company in a research report on Tuesday, March 18th. Seven investment analysts have rated the stock with a hold rating, seven have issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $377.08.

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.