SCHEDULE: FMR LLC Reports Stake in Duolingo

FMR LLC, through its subsidiaries, has reported a beneficial ownership of 2.7% of Duolingo Inc.'s Class A Common Stock as of March 31, 2026.

Summary

• FMR LLC and Abigail P. Johnson, through various affiliated entities, have collectively reported beneficial ownership of 1,093,338.54 shares of Duolingo Inc.'s Class A Common Stock.
• This holding represents approximately 2.7% of the total outstanding Class A Common Stock as of March 31, 2026.
• The filing is an amendment to a Schedule 13G, indicating a change in reporting status or holdings.
• FMR LLC is classified as a holding company (HC), and Abigail P. Johnson is classified as an investment company (IN).
• Several subsidiaries of FMR LLC, including FIAM LLC, Fidelity Management & Research Company LLC, Fidelity Management Trust Company, and Strategic Advisers LLC, are identified as investment advisers (IA) or banks (BK) involved in the beneficial ownership.

Sentiment

Score: 5

Explanation: StockSavvy.ai views this as a neutral filing, as it represents a standard disclosure of institutional ownership rather than new operational or financial performance data.

Positives

• FMR LLC's investment indicates confidence in Duolingo Inc. as a significant institutional investor.
• The filing is a routine disclosure, suggesting no immediate negative events prompting the filing.

Negatives

• The filing does not contain any negative financial or operational information about Duolingo Inc. itself, as it pertains to FMR LLC's holdings.

Risks

• The primary risk associated with this filing is the potential for FMR LLC to alter its stake, which could impact Duolingo Inc.'s stock price due to the size of the holding.
• As FMR LLC is a large investment manager, changes in their investment strategy or market outlook could lead to adjustments in their Duolingo holdings.

Future Outlook

This filing does not contain specific forward-looking statements or guidance from Duolingo Inc. It solely reports on the beneficial ownership of FMR LLC.

Management Comments

• FMR LLC and Abigail P. Johnson certify that the securities were acquired and are held in the ordinary course of business and were not acquired or held for the purpose of or with the effect of changing or influencing the control of the issuer.

Industry Context

StockSavvy.ai notes that institutional ownership, as reported in Schedule 13G filings, is a key indicator of investor sentiment and confidence in a company's long-term prospects within the technology and education sectors.

Stakeholder Impact

• Shareholders: The filing confirms significant institutional interest, which can be viewed positively, but also implies potential for future stock sales by FMR LLC.
• Duolingo Inc. Management: The presence of a large institutional holder like FMR LLC can provide a stable shareholder base and potentially influence corporate strategy.
• Competitors: The filing provides insight into the investment landscape of the EdTech sector.

Next Steps

• FMR LLC and its affiliates will continue to monitor their investment in Duolingo Inc.
• Future filings will be made if changes in beneficial ownership meet reporting thresholds.

Key Dates

Keywords

Duolingo Inc., FMR LLC, Schedule 13G, Class A Common Stock, Beneficial Ownership, Investment, SEC Filing, Fidelity