SCHEDULE 13G/A: Baillie Gifford & Co Discloses 7.2% Stake in Duolingo, Inc.

Investment adviser Baillie Gifford & Co has reported a 7.2% beneficial ownership stake in Duolingo, Inc. as of December 31, 2024, according to its latest Schedule 13G filing.

Summary

• Baillie Gifford & Co, an investment adviser based in the United Kingdom, filed an Amendment No. 7 to Schedule 13G.
• The filing reports beneficial ownership of Duolingo, Inc. Common Stock (CUSIP: 24823R105).
• As of December 31, 2024, Baillie Gifford & Co beneficially owned an aggregate of 2,740,102 shares of Duolingo, Inc.
• This ownership represents 7.2% of Duolingo, Inc.'s Common Stock class.
• Baillie Gifford & Co holds sole voting power over 2,473,911 shares and sole dispositive power over 2,740,102 shares.
• The securities are held by Baillie Gifford & Co and/or its investment adviser subsidiaries on behalf of investment advisory clients, which may include investment companies, employee benefit plans, pension funds, or other institutional clients.
• The filing certifies that the securities were acquired and are held in the ordinary course of business and not for the purpose of changing or influencing control of Duolingo, Inc.

Sentiment

Score: 7

Explanation: The filing indicates a significant institutional stake by Baillie Gifford & Co in Duolingo, Inc., which can be viewed as a positive signal of investor confidence, though the filing itself is purely a disclosure of ownership and not a performance report.

Positives

• Baillie Gifford & Co, a prominent investment adviser, holds a significant 7.2% stake in Duolingo, Inc., indicating institutional confidence in the company's long-term prospects.

Future Outlook

This Schedule 13G filing is a disclosure of beneficial ownership and does not contain forward-looking statements or guidance regarding Duolingo, Inc.'s future performance.

Management Comments

• Baillie Gifford & Co certified that the securities were acquired and are held in the ordinary course of business and were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of Duolingo, Inc.

Industry Context

Duolingo operates in the rapidly evolving education technology and language learning sector. Baillie Gifford & Co's significant investment suggests a belief in the continued growth and market position of Duolingo within this industry.

Stakeholder Impact

• Shareholders: Increased transparency regarding institutional ownership and potential long-term investor confidence due to a significant stake held by a reputable investment adviser.

Key Dates

Keywords

Duolingo, Baillie Gifford & Co, Schedule 13G, beneficial ownership, common stock, investment adviser, institutional ownership, language learning, education technology