Atria Investments Inc Invests $279,000 in Duolingo, Inc. (NASDAQ:DUOL)

Atria Investments Inc purchased a new position in shares of Duolingo, Inc. (NASDAQ:DUOL) in the 3rd quarter, Holdings Channel reports. The institutional investor purchased 990 shares of the company’s stock, valued at approximately $279,000.

Other hedge funds have also recently added to or reduced their stakes in the company. Farther Finance Advisors LLC raised 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 buying an additional 79 shares in the last quarter. Blue Trust Inc. acquired a new position in Duolingo during the second quarter worth $32,000. Larson Financial Group LLC purchased a new position in Duolingo in the second quarter worth $31,000. GAMMA Investing LLC raised its position in Duolingo by 350.0% in the second quarter. GAMMA Investing LLC now owns 171 shares of the company’s stock worth $36,000 after acquiring an additional 133 shares in the last quarter. Finally, Mark Sheptoff Financial Planning LLC acquired a new stake in Duolingo in the second quarter valued at $36,000. Institutional investors and hedge funds own 91.59% of the company’s stock.

Duolingo Trading Up 3.0 %

NASDAQ DUOL opened at $351.97 on Friday. The company has a market cap of $15.48 billion, a P/E ratio of 192.33 and a beta of 0.79. Duolingo, Inc. has a 12 month low of $145.05 and a 12 month high of $352.39. The company has a debt-to-equity ratio of 0.07, a current ratio of 3.09 and a quick ratio of 3.09. The company has a 50-day moving average of $292.46 and a 200-day moving average of $228.35.

Duolingo (NASDAQ:DUOL) last released its quarterly earnings data on Wednesday, November 6th. The company reported $0.49 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.35 by $0.14. The company had revenue of $192.59 million during the quarter, compared to analyst estimates of $189.19 million. Duolingo had a net margin of 12.59% and a return on equity of 11.74%. The business’s quarterly revenue was up 39.9% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.06 earnings per share. As a group, equities analysts predict that Duolingo, Inc. will post 2.02 earnings per share for the current year.

Insiders Place Their Bets

In other news, CFO Matthew Skaruppa sold 14,000 shares of Duolingo stock in a transaction dated Tuesday, September 3rd. The stock was sold at an average price of $207.44, for a total transaction of $2,904,160.00. Following the sale, the chief financial officer now directly owns 88,856 shares of the company’s stock, valued at approximately $18,432,288.64. The trade was a 13.61 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Natalie Glance sold 1,500 shares of the company’s stock in a transaction that occurred on Wednesday, November 6th. The shares were sold at an average price of $313.36, for a total value of $470,040.00. Following the completion of the transaction, the insider now directly owns 136,760 shares in the company, valued at approximately $42,855,113.60. The trade was a 1.08 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 52,783 shares of company stock worth $12,156,296 in the last quarter. 18.30% of the stock is owned by corporate insiders.

Analyst Ratings Changes

DUOL has been the topic of a number of research analyst reports. DA Davidson boosted their price objective on shares of Duolingo from $250.00 to $350.00 and gave the stock a “buy” rating in a report on Thursday, November 7th. Needham & Company LLC lifted their price target on shares of Duolingo from $310.00 to $370.00 and gave the company a “buy” rating in a research report on Thursday, November 7th. Evercore ISI raised Duolingo to a “strong-buy” rating in a research note on Monday, August 5th. UBS Group boosted their target price on Duolingo from $355.00 to $408.00 and gave the stock a “buy” rating in a research report on Thursday, November 14th. Finally, Seaport Res Ptn cut Duolingo from a “strong-buy” rating to a “hold” rating in a research report on Thursday, November 7th. Five analysts have rated the stock with a hold rating, six have issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, Duolingo presently has an average rating of “Moderate Buy” and an average price target of $331.33.

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.