Duolingo (NYSE:DUOL – Free Report) had its target price upped by Barclays from $136.00 to $149.00 in a report released on Wednesday, FlyOnTheWall reports.
A number of other research analysts have also issued reports on DUOL. Piper Sandler boosted their price objective on Duolingo from $127.00 to $167.00 and gave the company an overweight rating in a research report on Wednesday, May 10th. Needham & Company LLC raised their price target on Duolingo from $115.00 to $160.00 and gave the stock a buy rating in a research note on Wednesday, May 10th. Wolfe Research initiated coverage on Duolingo in a research note on Tuesday, June 20th. They issued a market perform rating on the stock. Finally, JMP Securities downgraded Duolingo from an outperform rating to a market perform rating in a research report on Wednesday, June 7th. Four analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of Moderate Buy and a consensus target price of $144.38.
Read Our Latest Analysis on DUOL
Duolingo Price Performance
Insider Transactions at Duolingo
In related news, major shareholder Durable Capital Partners Lp sold 42,247 shares of the stock in a transaction that occurred on Wednesday, August 9th. The stock was sold at an average price of $145.14, for a total transaction of $6,131,729.58. Following the completion of the transaction, the insider now directly owns 4,114,491 shares of the company’s stock, valued at $597,177,223.74. The sale was disclosed in a filing with the SEC, which is available through this link. In other Duolingo news, major shareholder Durable Capital Partners Lp sold 42,247 shares of the firm’s stock in a transaction on Wednesday, August 9th. The stock was sold at an average price of $145.14, for a total transaction of $6,131,729.58. Following the transaction, the insider now directly owns 4,114,491 shares in the company, valued at approximately $597,177,223.74. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Ahn Luis Von sold 33,334 shares of the stock in a transaction on Wednesday, June 14th. The shares were sold at an average price of $153.17, for a total value of $5,105,768.78. The disclosure for this sale can be found here. Insiders sold a total of 106,221 shares of company stock valued at $15,899,510 over the last 90 days. Company insiders own 19.85% of the company’s stock.
Institutional Inflows and Outflows
Institutional investors and hedge funds have recently made changes to their positions in the stock. Victory Capital Management Inc. increased its holdings in Duolingo by 3.3% in the first quarter. Victory Capital Management Inc. now owns 3,014 shares of the company’s stock valued at $430,000 after buying an additional 96 shares during the last quarter. Cerity Partners LLC boosted its holdings in shares of Duolingo by 0.4% in the 1st quarter. Cerity Partners LLC now owns 45,158 shares of the company’s stock valued at $6,439,000 after purchasing an additional 158 shares during the last quarter. Daiwa Securities Group Inc. increased its stake in Duolingo by 48.8% during the 1st quarter. Daiwa Securities Group Inc. now owns 595 shares of the company’s stock worth $85,000 after buying an additional 195 shares during the period. Nisa Investment Advisors LLC grew its position in shares of Duolingo by 78.1% during the 1st quarter. Nisa Investment Advisors LLC now owns 570 shares of the company’s stock valued at $81,000 after buying an additional 250 shares during the last quarter. Finally, Metropolitan Life Insurance Co NY lifted its stake in shares of Duolingo by 19.3% in the 2nd quarter. Metropolitan Life Insurance Co NY now owns 1,572 shares of the company’s stock worth $225,000 after acquiring an additional 254 shares during the period. 70.29% of the stock is currently owned by institutional investors and hedge funds.
About Duolingo
Duolingo, Inc operates as a mobile learning platform in the United States, China, 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 language proficiency assessment exam.
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