Principal Securities Inc. Sells 349 Shares of Duolingo, Inc. (NASDAQ:DUOL)

Principal Securities Inc. lessened its holdings in Duolingo, Inc. (NASDAQ:DUOL) by 68.0% during the fourth quarter, HoldingsChannel reports. The firm owned 164 shares of the company’s stock after selling 349 shares during the quarter. Principal Securities Inc.’s holdings in Duolingo were worth $53,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Lecap Asset Management Ltd. bought a new stake in shares of Duolingo during the 4th quarter worth $429,000. Charles Schwab Investment Management Inc. raised its stake in Duolingo by 42.2% during the third quarter. Charles Schwab Investment Management Inc. now owns 342,280 shares of the company’s stock worth $96,530,000 after acquiring an additional 101,653 shares in the last quarter. Lisanti Capital Growth LLC lifted its holdings in shares of Duolingo by 17.8% in the third quarter. Lisanti Capital Growth LLC now owns 11,645 shares of the company’s stock worth $3,284,000 after acquiring an additional 1,760 shares during the last quarter. Rockefeller Capital Management L.P. acquired a new stake in shares of Duolingo in the 3rd quarter valued at approximately $4,350,000. Finally, Diversified Trust Co bought a new stake in shares of Duolingo during the 4th quarter valued at approximately $784,000. Institutional investors own 91.59% of the company’s stock.

Analyst Ratings Changes

DUOL has been the subject of several research reports. Bank of America downgraded shares of Duolingo from a “buy” rating to a “neutral” rating and increased their price objective for the company from $355.00 to $375.00 in a research note on Wednesday, December 11th. UBS Group increased their price target on Duolingo from $408.00 to $410.00 and gave the company a “buy” rating in a research note on Monday, January 27th. DA Davidson boosted their price objective on Duolingo from $250.00 to $350.00 and gave the stock a “buy” rating in a research report on Thursday, November 7th. Piper Sandler increased their target price on Duolingo from $271.00 to $351.00 and gave the company an “overweight” rating in a research report on Thursday, November 7th. Finally, Seaport Res Ptn cut Duolingo from a “strong-buy” rating to a “hold” rating in a report on Thursday, November 7th. Seven equities research analysts have rated the stock with a hold rating, six have issued a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $355.55.

Insider Buying and Selling

In related news, CEO Ahn Luis Von sold 8,000 shares of the company’s stock in a transaction that occurred on Wednesday, January 15th. The stock was sold at an average price of $321.00, for a total value of $2,568,000.00. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, CFO Matthew Skaruppa sold 3,284 shares of the company’s stock in a transaction that occurred on Tuesday, February 18th. The shares were sold at an average price of $435.28, for a total transaction of $1,429,459.52. Following the sale, the chief financial officer now owns 59,982 shares in the company, valued at $26,108,964.96. The trade was a 5.19 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 305,639 shares of company stock valued at $105,445,057 over the last 90 days. Company insiders own 18.30% of the company’s stock.

Duolingo Stock Down 2.8 %

Shares of NASDAQ DUOL opened at $375.78 on Friday. The company has a market capitalization of $16.53 billion, a P/E ratio of 205.35 and a beta of 0.89. 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 50 day moving average price is $360.31 and its 200-day moving average price is $309.24. Duolingo, Inc. has a 52-week low of $145.05 and a 52-week high of $441.77.

Duolingo Company 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.