Blueshift Asset Management LLC Sells 3,058 Shares of Duolingo, Inc. (NASDAQ:DUOL)

Blueshift Asset Management LLC decreased its stake in Duolingo, Inc. (NASDAQ:DUOL) by 42.9% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 4,066 shares of the company’s stock after selling 3,058 shares during the period. Blueshift Asset Management LLC’s holdings in Duolingo were worth $1,147,000 at the end of the most recent quarter.

A number of other institutional investors have also recently made changes to their positions in DUOL. Glenmede Trust Co. NA purchased a new position in Duolingo in the third quarter worth $243,000. Townsquare Capital LLC bought a new stake in Duolingo during the third quarter worth about $277,000. FMR LLC lifted its stake in Duolingo by 26.9% during the third quarter. FMR LLC now owns 2,663,234 shares of the company’s stock worth $751,085,000 after purchasing an additional 564,173 shares during the last quarter. Penserra Capital Management LLC purchased a new position in shares of Duolingo in the 3rd quarter worth about $1,284,000. Finally, Cerity Partners LLC increased its position in shares of Duolingo by 8.2% during the 3rd quarter. Cerity Partners LLC now owns 51,374 shares of the company’s stock valued at $14,488,000 after purchasing an additional 3,894 shares during the last quarter. Institutional investors own 91.59% of the company’s stock.

Insider Activity at Duolingo

In other Duolingo news, insider Natalie Glance sold 1,500 shares of the business’s stock in a transaction on Wednesday, November 6th. The stock was sold at an average price of $313.36, for a total value of $470,040.00. Following the sale, the insider now directly owns 136,760 shares of the company’s stock, valued at approximately $42,855,113.60. The trade was a 1.08 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, General Counsel Stephen C. Chen sold 19,464 shares of the stock in a transaction on Friday, August 30th. The stock was sold at an average price of $211.55, for a total value of $4,117,609.20. Following the completion of the sale, the general counsel now directly owns 35,558 shares in the company, valued at approximately $7,522,294.90. This represents a 35.37 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 52,783 shares of company stock valued at $12,156,296 in the last three months. Company insiders own 18.30% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms recently weighed in on DUOL. Seaport Res Ptn downgraded Duolingo from a “strong-buy” rating to a “hold” rating in a research report on Thursday, November 7th. Evercore ISI raised shares of Duolingo to a “strong-buy” rating in a research note on Monday, August 5th. Needham & Company LLC lifted their price objective on Duolingo from $310.00 to $370.00 and gave the stock a “buy” rating in a report on Thursday, November 7th. Barclays raised their price target on Duolingo from $183.00 to $295.00 and gave the stock an “equal weight” rating in a research report on Thursday, November 7th. Finally, The Goldman Sachs Group increased their price objective on Duolingo from $250.00 to $275.00 and gave the company a “neutral” rating in a research note on Thursday, November 7th. Five investment analysts have rated the stock with a hold rating, six have given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $331.33.

Duolingo Trading Up 1.6 %

Shares of DUOL opened at $353.53 on Wednesday. Duolingo, Inc. has a 1-year low of $145.05 and a 1-year high of $364.95. The firm has a market capitalization of $15.55 billion, a price-to-earnings ratio of 193.19 and a beta of 0.79. The firm’s 50-day moving average price is $294.74 and its 200-day moving average price is $229.12. The company has a current ratio of 3.09, a quick ratio of 3.09 and a debt-to-equity ratio of 0.07.

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

About Duolingo

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.