Shaker Investments LLC OH cut its position in shares of Duolingo, Inc. (NASDAQ:DUOL – Free Report) by 21.2% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 3,959 shares of the company’s stock after selling 1,066 shares during the quarter. Shaker Investments LLC OH’s holdings in Duolingo were worth $1,284,000 as of its most recent filing with the Securities & Exchange Commission.
Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. True Wealth Design LLC purchased a new stake in shares of Duolingo in the 3rd quarter worth about $26,000. First Horizon Advisors Inc. purchased a new stake in Duolingo in the third quarter worth about $29,000. Mirae Asset Global Investments Co. Ltd. bought a new position in shares of Duolingo during the fourth quarter valued at approximately $31,000. Farther Finance Advisors LLC lifted its holdings in shares of Duolingo by 164.6% during the third quarter. Farther Finance Advisors LLC now owns 127 shares of the company’s stock valued at $36,000 after purchasing an additional 79 shares during the last quarter. Finally, R Squared Ltd bought a new stake in shares of Duolingo in the 4th quarter worth approximately $55,000. 91.59% of the stock is owned by hedge funds and other institutional investors.
Duolingo Trading Up 1.9 %
Duolingo stock opened at $401.45 on Tuesday. The business has a 50-day simple moving average of $346.02 and a two-hundred day simple moving average of $289.40. Duolingo, Inc. has a 52-week low of $145.05 and a 52-week high of $411.69. The company has a quick ratio of 3.09, a current ratio of 3.09 and a debt-to-equity ratio of 0.07. The company has a market cap of $17.66 billion, a P/E ratio of 219.37 and a beta of 0.89.
Wall Street Analyst Weigh In
View Our Latest Analysis on DUOL
Insider Buying and Selling at Duolingo
In related news, insider Severin Hacker sold 10,000 shares of Duolingo stock in a transaction on Wednesday, February 5th. The stock was sold at an average price of $391.46, for a total transaction of $3,914,600.00. Following the transaction, the insider now directly owns 72 shares in the company, valued at approximately $28,185.12. The trade was a 99.29 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Natalie Glance sold 1,500 shares of the business’s stock in a transaction dated Friday, December 6th. The shares were sold at an average price of $369.33, for a total value of $553,995.00. Following the sale, the insider now directly owns 132,239 shares of the company’s stock, valued at $48,839,829.87. This represents a 1.12 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 289,624 shares of company stock valued at $98,478,298. Insiders own 18.30% of the company’s stock.
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.
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