American Century Companies Inc. Makes New Investment in Udemy, Inc. (NASDAQ:UDMY)

American Century Companies Inc. acquired a new stake in shares of Udemy, Inc. (NASDAQ:UDMY - Free Report) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 59,552 shares of the company's stock, valued at approximately $490,000.

A number of other institutional investors and hedge funds have also recently modified their holdings of the company. SBI Securities Co. Ltd. bought a new stake in Udemy in the 4th quarter valued at $31,000. Nisa Investment Advisors LLC boosted its holdings in shares of Udemy by 496.7% in the 4th quarter. Nisa Investment Advisors LLC now owns 7,220 shares of the company's stock valued at $59,000 after buying an additional 6,010 shares in the last quarter. Falcon Wealth Planning purchased a new stake in shares of Udemy during the fourth quarter worth about $85,000. Handelsbanken Fonder AB increased its holdings in Udemy by 45.2% in the 4th quarter. Handelsbanken Fonder AB now owns 15,100 shares of the company's stock worth $124,000 after buying an additional 4,700 shares during the period. Finally, Mirador Capital Partners LP acquired a new stake in Udemy during the fourth quarter valued at $148,000. 79.48% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several analysts have recently commented on UDMY shares. William Blair lowered shares of Udemy from an "outperform" rating to a "market perform" rating in a research report on Wednesday, March 12th. Canaccord Genuity Group lifted their target price on shares of Udemy from $12.00 to $14.00 and gave the company a "buy" rating in a report on Friday, February 14th. Needham & Company LLC reaffirmed a "buy" rating and set a $11.00 price target on shares of Udemy in a research note on Wednesday, March 12th. Morgan Stanley dropped their price target on Udemy from $9.00 to $7.00 and set an "underweight" rating for the company in a research report on Wednesday. Finally, Truist Financial restated a "hold" rating and issued a $7.00 target price (down from $10.00) on shares of Udemy in a report on Monday, April 7th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and seven have given a buy rating to the stock. Based on data from MarketBeat, Udemy has an average rating of "Moderate Buy" and a consensus price target of $10.50.

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Insider Buying and Selling at Udemy

In related news, Director Heather Hiles sold 14,840 shares of the firm's stock in a transaction that occurred on Wednesday, February 19th. The shares were sold at an average price of $9.81, for a total value of $145,580.40. Following the transaction, the director now owns 42,667 shares of the company's stock, valued at approximately $418,563.27. This trade represents a 25.81 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, major shareholder Ltd Naspers sold 3,200,000 shares of the business's stock in a transaction on Tuesday, January 21st. The shares were sold at an average price of $7.84, for a total transaction of $25,088,000.00. Following the sale, the insider now directly owns 13,920,840 shares of the company's stock, valued at approximately $109,139,385.60. The trade was a 18.69 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 3,305,168 shares of company stock worth $26,040,186 over the last ninety days. Insiders own 3.20% of the company's stock.

Udemy Stock Performance

Shares of Udemy stock traded down $0.12 on Wednesday, reaching $6.09. 506,056 shares of the company's stock were exchanged, compared to its average volume of 959,362. The firm's 50-day moving average is $8.29 and its two-hundred day moving average is $8.13. Udemy, Inc. has a 52 week low of $5.68 and a 52 week high of $11.60. The company has a market capitalization of $904.27 million, a P/E ratio of -10.68 and a beta of 1.81.

Udemy (NASDAQ:UDMY - Get Free Report) last issued its quarterly earnings data on Thursday, February 13th. The company reported ($0.03) earnings per share for the quarter, missing the consensus estimate of $0.07 by ($0.10). The company had revenue of $199.94 million for the quarter, compared to the consensus estimate of $194.70 million. Udemy had a negative net margin of 10.84% and a negative return on equity of 27.93%. On average, analysts expect that Udemy, Inc. will post -0.09 EPS for the current fiscal year.

Udemy Company Profile

Udemy, Inc, a learning company, that operates a marketplace platform for learning skills in the United States and internationally. The company offers skill acquisition, development, and validation courses for organizations and individuals, through direct-to-consumer or Udemy Business offerings in various languages.