Legato Capital Management LLC Increases Stake in Duolingo, Inc. (NASDAQ:DUOL)

Legato Capital Management LLC grew its position in shares of Duolingo, Inc. (NASDAQ:DUOL) by 40.0% in the fourth quarter, Holdings Channel reports. The institutional investor owned 1,645 shares of the company’s stock after buying an additional 470 shares during the period. Legato Capital Management LLC’s holdings in Duolingo were worth $533,000 as of its most recent filing with the SEC.

A number of other large investors also recently bought and sold shares of DUOL. True Wealth Design LLC acquired a new position in shares of Duolingo during the 3rd quarter worth $26,000. Mirae Asset Global Investments Co. Ltd. acquired a new position in shares of Duolingo during the 4th quarter worth $31,000. First Horizon Advisors Inc. acquired a new position in shares of Duolingo during the 3rd quarter worth $29,000. Farther Finance Advisors LLC grew its stake in shares of Duolingo by 164.6% during the 3rd quarter. Farther Finance Advisors LLC now owns 127 shares of the company’s stock worth $36,000 after purchasing an additional 79 shares during the period. Finally, R Squared Ltd acquired a new position in shares of Duolingo during the 4th quarter worth $55,000. Hedge funds and other institutional investors own 91.59% of the company’s stock.

Insider Transactions at Duolingo

In other news, insider Natalie Glance sold 1,500 shares of the stock in a transaction dated Friday, December 6th. The shares were sold at an average price of $369.33, for a total transaction of $553,995.00. Following the transaction, the insider now directly owns 132,239 shares in the company, valued at $48,839,829.87. This represents a 1.12 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, CEO Ahn Luis Von sold 41,759 shares of the stock in a transaction dated Thursday, December 12th. The stock was sold at an average price of $340.29, for a total transaction of $14,210,170.11. The disclosure for this sale can be found here. Insiders have sold a total of 289,624 shares of company stock worth $98,478,298 in the last three months. Company insiders own 18.30% of the company’s stock.

Duolingo Price Performance

NASDAQ:DUOL opened at $432.69 on Friday. The firm has a market cap of $19.03 billion, a price-to-earnings ratio of 236.44 and a beta of 0.89. The company has a current ratio of 3.09, a quick ratio of 3.09 and a debt-to-equity ratio of 0.07. The company’s 50-day moving average is $349.58 and its two-hundred day moving average is $294.42. Duolingo, Inc. has a 12-month low of $145.05 and a 12-month high of $436.98.

Analyst Ratings Changes

A number of research firms have recently weighed in on DUOL. UBS Group upped their price target on shares of Duolingo from $408.00 to $410.00 and gave the stock a “buy” rating in a research note on Monday, January 27th. Jefferies Financial Group began coverage on shares of Duolingo in a research note on Friday, January 24th. They issued a “hold” rating and a $370.00 price objective on the stock. DA Davidson increased their price objective on shares of Duolingo from $250.00 to $350.00 and gave the company a “buy” rating in a research note on Thursday, November 7th. JMP Securities reissued a “market perform” rating on shares of Duolingo in a research note on Friday. Finally, JPMorgan Chase & Co. increased their price objective on shares of Duolingo from $360.00 to $400.00 and gave the company an “overweight” rating in a research note on Thursday, December 12th. Seven research analysts have rated the stock with a hold rating, six have assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, Duolingo presently has an average rating of “Moderate Buy” and an average price target of $355.55.

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.