Duolingo, Inc. $DUOL Shares Sold by Pictet Asset Management Holding SA

Market Beat
2026.05.07 08:53
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Pictet Asset Management Holding SA significantly reduced its stake in Duolingo, Inc. (NASDAQ:DUOL) by 91.4% in Q4, now holding 5,237 shares valued at $919,000. Other institutional investors, like the State of Michigan Retirement System and Quent Capital LLC, increased their stakes substantially. Duolingo's stock opened at $105.02, with a market cap of $4.93 billion. The company reported a Q1 EPS of $0.89, exceeding estimates, and revenue of $291.97 million, up 26.5% year-over-year. Insiders have also sold shares recently, indicating mixed sentiment among stakeholders.