Cwm LLC Trims Holdings in Duolingo, Inc. (NASDAQ:DUOL)

Cwm LLC decreased its holdings in shares of Duolingo, Inc. (NASDAQ:DUOL) by 2.7% in the 4th quarter, Holdings Channel.com reports. The institutional investor owned 14,846 shares of the company’s stock after selling 408 shares during the period. Cwm LLC’s holdings in Duolingo were worth $3,368,000 at the end of the most recent reporting period.

Other large investors also recently added to or reduced their stakes in the company. CHURCHILL MANAGEMENT Corp bought a new stake in Duolingo during the fourth quarter valued at $1,411,000. Raymond James & Associates bought a new stake in Duolingo during the fourth quarter valued at $4,211,000. Cerity Partners LLC boosted its stake in Duolingo by 2,767.0% during the fourth quarter. Cerity Partners LLC now owns 46,789 shares of the company’s stock valued at $10,614,000 after buying an additional 45,157 shares during the period. Wellington Management Group LLP boosted its stake in Duolingo by 147.6% during the third quarter. Wellington Management Group LLP now owns 602,200 shares of the company’s stock valued at $99,887,000 after buying an additional 358,938 shares during the period. Finally, International Assets Investment Management LLC bought a new stake in Duolingo during the fourth quarter valued at $4,374,000. Institutional investors own 91.59% of the company’s stock.

Insider Activity

In other news, insider Natalie Glance sold 1,500 shares of the business’s stock in a transaction dated Monday, April 8th. The stock was sold at an average price of $215.35, for a total value of $323,025.00. Following the completion of the sale, the insider now owns 124,505 shares of the company’s stock, valued at approximately $26,812,151.75. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. In related news, insider Natalie Glance sold 1,500 shares of the business’s stock in a transaction dated Monday, April 8th. The stock was sold at an average price of $215.35, for a total transaction of $323,025.00. Following the transaction, the insider now owns 124,505 shares in the company, valued at approximately $26,812,151.75. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CEO Ahn Luis Von sold 22,023 shares of the business’s stock in a transaction dated Monday, March 11th. The shares were sold at an average price of $220.26, for a total value of $4,850,785.98. The disclosure for this sale can be found here. In the last quarter, insiders sold 113,223 shares of company stock valued at $23,682,665. Insiders own 19.85% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts recently issued reports on DUOL shares. The Goldman Sachs Group lifted their price objective on Duolingo from $160.00 to $190.00 and gave the company a “sell” rating in a research note on Thursday, February 29th. Seaport Res Ptn reaffirmed a “buy” rating on shares of Duolingo in a research note on Tuesday, February 27th. Barclays lifted their price target on Duolingo from $173.00 to $243.00 and gave the stock an “equal weight” rating in a research note on Thursday, February 29th. Bank of America lifted their price target on Duolingo from $230.00 to $260.00 and gave the stock a “neutral” rating in a research note on Thursday, February 29th. Finally, UBS Group lifted their price target on Duolingo from $230.00 to $275.00 and gave the stock a “buy” rating in a research note on Thursday, February 29th. One research analyst has rated the stock with a sell rating, five have issued a hold rating and five have given a buy rating to the company. According to MarketBeat.com, the company has an average rating of “Hold” and an average price target of $245.13.

Duolingo Trading Down 1.9 %

NASDAQ DUOL opened at $216.38 on Thursday. Duolingo, Inc. has a 1-year low of $116.82 and a 1-year high of $245.87. The company has a current ratio of 3.24, a quick ratio of 3.24 and a debt-to-equity ratio of 0.03. The stock has a 50-day moving average of $211.51 and a 200-day moving average of $202.57. The firm has a market cap of $9.28 billion, a PE ratio of 636.43 and a beta of 0.83.

Duolingo (NASDAQ:DUOL) last released its earnings results on Wednesday, February 28th. The company reported $0.26 earnings per share for the quarter, beating analysts’ consensus estimates of $0.21 by $0.05. Duolingo had a return on equity of 2.64% and a net margin of 3.03%. The company had revenue of $150.99 million during the quarter, compared to analyst estimates of $146.98 million. As a group, sell-side analysts forecast that Duolingo, Inc. will post 1.38 EPS for the current year.

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.