Barclays PLC Acquires 121,911 Shares of Udemy, Inc. (NASDAQ:UDMY)

Barclays PLC grew its position in Udemy, Inc. (NASDAQ:UDMY - Free Report) by 360.6% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 155,719 shares of the company's stock after purchasing an additional 121,911 shares during the period. Barclays PLC owned about 0.11% of Udemy worth $1,158,000 at the end of the most recent quarter.

Several other large investors also recently made changes to their positions in the stock. The Manufacturers Life Insurance Company boosted its stake in shares of Udemy by 6.9% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 51,780 shares of the company's stock worth $447,000 after acquiring an additional 3,336 shares in the last quarter. Point72 DIFC Ltd bought a new stake in Udemy during the 3rd quarter valued at approximately $30,000. Harbor Capital Advisors Inc. lifted its position in shares of Udemy by 28.9% in the 3rd quarter. Harbor Capital Advisors Inc. now owns 20,433 shares of the company's stock worth $152,000 after acquiring an additional 4,581 shares during the period. Arizona State Retirement System lifted its position in shares of Udemy by 24.4% in the 2nd quarter. Arizona State Retirement System now owns 23,597 shares of the company's stock worth $204,000 after acquiring an additional 4,635 shares during the period. Finally, Geode Capital Management LLC lifted its position in shares of Udemy by 0.3% in the 3rd quarter. Geode Capital Management LLC now owns 2,216,868 shares of the company's stock worth $16,497,000 after acquiring an additional 5,972 shares during the period. Institutional investors own 79.48% of the company's stock.

Udemy Stock Down 0.5 %

Shares of Udemy stock traded down $0.04 during trading on Tuesday, reaching $8.22. 108,421 shares of the company were exchanged, compared to its average volume of 542,408. Udemy, Inc. has a twelve month low of $6.67 and a twelve month high of $14.74. The business has a 50-day moving average price of $8.22 and a 200-day moving average price of $8.10. The firm has a market capitalization of $1.20 billion, a price-to-earnings ratio of -13.05 and a beta of 1.87.

Udemy (NASDAQ:UDMY - Get Free Report) last announced its quarterly earnings data on Tuesday, October 29th. The company reported $0.07 EPS for the quarter, topping analysts' consensus estimates of $0.01 by $0.06. Udemy had a negative return on equity of 29.36% and a negative net margin of 12.33%. The business had revenue of $195.42 million during the quarter, compared to analysts' expectations of $192.69 million. During the same period in the previous year, the firm earned ($0.10) earnings per share. The firm's quarterly revenue was up 5.8% compared to the same quarter last year. On average, equities research analysts forecast that Udemy, Inc. will post -0.47 EPS for the current fiscal year.

Insider Buying and Selling at Udemy

In other news, CEO Gregory Scott Brown sold 10,000 shares of the business's stock in a transaction dated Friday, December 6th. The stock was sold at an average price of $8.71, for a total value of $87,100.00. Following the sale, the chief executive officer now directly owns 1,183,086 shares in the company, valued at $10,304,679.06. The trade was a 0.84 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CTO Eren Bali sold 35,518 shares of the business's stock in a transaction dated Wednesday, November 6th. The shares were sold at an average price of $9.00, for a total value of $319,662.00. Following the completion of the sale, the chief technology officer now owns 2,225,532 shares in the company, valued at approximately $20,029,788. This trade represents a 1.57 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 55,518 shares of company stock valued at $491,762. Company insiders own 3.20% of the company's stock.

Analysts Set New Price Targets

A number of analysts have commented on the company. Needham & Company LLC reduced their price objective on Udemy from $15.00 to $11.00 and set a "buy" rating for the company in a research report on Wednesday, October 30th. Morgan Stanley downgraded Udemy from an "equal weight" rating to an "underweight" rating and cut their price objective for the company from $10.00 to $7.50 in a research report on Friday, September 27th. Cantor Fitzgerald cut their price objective on Udemy from $18.00 to $11.00 and set an "overweight" rating for the company in a research report on Wednesday, October 30th. Finally, Scotiabank initiated coverage on Udemy in a research report on Thursday, December 5th. They issued a "sector outperform" rating and a $10.00 price objective for the company. One analyst has rated the stock with a sell rating, four have issued a hold rating and eight have issued a buy rating to the company. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus target price of $10.92.

Udemy 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.