707 Shares in Duolingo, Inc. (NASDAQ:DUOL) Acquired by Sanctuary Advisors LLC

Sanctuary Advisors LLC purchased a new stake in shares of Duolingo, Inc. (NASDAQ:DUOL) during the third quarter, HoldingsChannel.com reports. The fund purchased 707 shares of the company’s stock, valued at approximately $199,000.

A number of other large investors have also added to or reduced their stakes in DUOL. Zurcher Kantonalbank Zurich Cantonalbank raised its holdings in Duolingo by 8.5% during the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 5,510 shares of the company’s stock valued at $1,150,000 after acquiring an additional 430 shares during the period. Principal Financial Group Inc. raised its stake in shares of Duolingo by 204.7% during the second quarter. Principal Financial Group Inc. now owns 178,819 shares of the company’s stock valued at $37,314,000 after acquiring an additional 120,139 shares in the last quarter. Crossmark Global Holdings Inc. increased its stake in shares of Duolingo by 189.5% during the second quarter. Crossmark Global Holdings Inc. now owns 3,280 shares of the company’s stock valued at $684,000 after buying an additional 2,147 shares during the period. BNP PARIBAS ASSET MANAGEMENT Holding S.A. bought a new stake in shares of Duolingo in the 2nd quarter valued at about $239,000. Finally, International Assets Investment Management LLC purchased a new stake in Duolingo during the second quarter worth $239,000. Institutional investors own 91.59% of the company’s stock.

Duolingo Stock Performance

Duolingo stock opened at $333.34 on Monday. The stock has a fifty day moving average of $327.98 and a two-hundred day moving average of $256.40. Duolingo, Inc. has a fifty-two week low of $145.05 and a fifty-two week high of $378.48. The company has a market capitalization of $14.66 billion, a price-to-earnings ratio of 182.15 and a beta of 0.85. 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 announced its quarterly earnings results on Wednesday, November 6th. The company reported $0.49 earnings per share for the quarter, beating analysts’ consensus estimates of $0.35 by $0.14. The company had revenue of $192.59 million for the quarter, compared to analyst estimates of $189.19 million. Duolingo had a net margin of 12.59% and a return on equity of 11.74%. Duolingo’s revenue for the quarter was up 39.9% on a year-over-year basis. During the same quarter last year, the business earned $0.06 EPS. On average, analysts anticipate that Duolingo, Inc. will post 2.02 EPS for the current fiscal year.

Insider Buying and Selling

In other news, insider Natalie Glance sold 1,500 shares of the company’s stock in a transaction on Monday, October 7th. The stock was sold at an average price of $280.91, for a total value of $421,365.00. Following the completion of the sale, the insider now owns 138,260 shares in the company, valued at $38,838,616.60. This represents a 1.07 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Also, insider Severin Hacker sold 188,901 shares of the company’s stock in a transaction that occurred on Wednesday, December 11th. The shares were sold at an average price of $339.54, for a total transaction of $64,139,445.54. Following the completion of the sale, the insider now owns 72 shares of the company’s stock, valued at approximately $24,446.88. This trade represents a 99.96 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 245,160 shares of company stock valued at $83,163,216 in the last quarter. Company insiders own 18.30% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts recently weighed in on the company. JMP Securities downgraded Duolingo from an “outperform” rating to a “market perform” rating in a research note on Monday, October 14th. The Goldman Sachs Group boosted their target price on shares of Duolingo from $250.00 to $275.00 and gave the company a “neutral” rating in a research note on Thursday, November 7th. Seaport Res Ptn downgraded Duolingo from a “strong-buy” rating to a “hold” rating in a research note on Thursday, November 7th. Barclays boosted 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, DA Davidson upped their price target on Duolingo from $250.00 to $350.00 and gave the company a “buy” rating in a research report on Thursday, November 7th. 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 company. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $353.90.

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.