Militia Capital Management LLC Takes $1.09 Million Position in Duolingo, Inc. $DUOL

Militia Capital Management LLC purchased a new stake in Duolingo, Inc. (NASDAQ:DUOL) in the first quarter, HoldingsChannel reports. The firm purchased 11,043 shares of the company’s stock, valued at approximately $1,089,000.

Several other institutional investors have also recently bought and sold shares of the stock. NewEdge Advisors LLC lifted its holdings in Duolingo by 1,868.2% during the 1st quarter. NewEdge Advisors LLC now owns 433 shares of the company’s stock worth $134,000 after buying an additional 411 shares in the last quarter. Goldman Sachs Group Inc. boosted its position in Duolingo by 123.9% in the 1st quarter. Goldman Sachs Group Inc. now owns 87,556 shares of the company’s stock valued at $27,190,000 after buying an additional 48,451 shares during the last quarter. Focus Partners Wealth increased its stake in shares of Duolingo by 28.3% in the 1st quarter. Focus Partners Wealth now owns 2,021 shares of the company’s stock valued at $628,000 after buying an additional 446 shares during the period. Amundi increased its stake in shares of Duolingo by 142.1% in the 2nd quarter. Amundi now owns 26,075 shares of the company’s stock valued at $10,352,000 after buying an additional 15,306 shares during the period. Finally, Gabelli Funds LLC bought a new stake in shares of Duolingo during the second quarter worth $205,000. Institutional investors own 91.59% of the company’s stock.

Insider Buying and Selling

In other Duolingo news, insider Natalie Glance sold 3,360 shares of the company’s stock in a transaction that occurred on Monday, May 18th. The shares were sold at an average price of $113.59, for a total value of $381,662.40. Following the completion of the sale, the insider owned 173,401 shares of the company’s stock, valued at approximately $19,696,619.59. This represents a 1.90% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, insider Robert Meese sold 1,420 shares of the company’s stock in a transaction that occurred on Friday, May 15th. The shares were sold at an average price of $112.16, for a total transaction of $159,267.20. Following the completion of the sale, the insider directly owned 170,745 shares of the company’s stock, valued at $19,150,759.20. The trade was a 0.82% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders have sold 9,506 shares of company stock valued at $1,073,864 in the last 90 days. 16.62% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on the company. Wedbush initiated coverage on Duolingo in a research note on Thursday, July 16th. They set a “neutral” rating and a $139.00 price target on the stock. Zacks Research upgraded Duolingo from a “strong sell” rating to a “hold” rating in a research report on Tuesday, April 28th. Morgan Stanley boosted their price objective on Duolingo from $95.00 to $125.00 and gave the stock an “equal weight” rating in a report on Thursday, July 16th. JPMorgan Chase & Co. upped their target price on shares of Duolingo from $94.00 to $125.00 and gave the company a “neutral” rating in a research report on Friday, July 17th. Finally, Wells Fargo & Company raised their target price on shares of Duolingo from $81.00 to $82.00 and gave the company an “underweight” rating in a research note on Tuesday, July 7th. Two research analysts have rated the stock with a Buy rating, twenty have assigned a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, Duolingo has an average rating of “Hold” and an average target price of $167.17.

Duolingo Trading Up 1.0%

NASDAQ:DUOL opened at $120.67 on Friday. The company has a current ratio of 2.62, a quick ratio of 2.62 and a debt-to-equity ratio of 0.07. Duolingo, Inc. has a 1-year low of $87.89 and a 1-year high of $468.00. The firm has a market capitalization of $5.62 billion, a price-to-earnings ratio of 13.89, a PEG ratio of 0.91 and a beta of 0.88. The business’s 50-day moving average price is $120.42 and its two-hundred day moving average price is $117.41.

Duolingo (NASDAQ:DUOL) last posted its earnings results on Monday, May 4th. The company reported $0.89 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.79 by $0.10. The company had revenue of $291.97 million during the quarter, compared to analyst estimates of $288.60 million. Duolingo had a return on equity of 14.07% and a net margin of 38.44%.The company’s revenue for the quarter was up 26.5% compared to the same quarter last year. During the same period in the previous year, the company earned $0.72 EPS. On average, equities analysts expect that Duolingo, Inc. will post 2.81 earnings per share for the current year.

Duolingo Profile

Duolingo, Inc (NASDAQ:DUOL) is a technology-driven education company that operates a widely used language-learning platform. Founded in 2011 by Luis von Ahn and Severin Hacker, Duolingo offers a freemium service featuring bite-sized lessons, gamified exercises and adaptive learning algorithms. The company’s core product is its mobile and web application, which supports instruction in more than 40 languages, ranging from widely spoken tongues such as English and Spanish to lesser-taught options including Irish and Swahili.

In addition to its flagship language courses, Duolingo has expanded its product suite to include the Duolingo English Test, an on-demand, computer-based English proficiency exam designed for academic and professional admissions.