ExodusPoint Capital Management LP bought a new position in Udemy, Inc. (NASDAQ:UDMY - Free Report) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 195,634 shares of the company's stock, valued at approximately $1,610,000. ExodusPoint Capital Management LP owned about 0.13% of Udemy at the end of the most recent quarter.
Several other large investors have also recently bought and sold shares of UDMY. Arrowstreet Capital Limited Partnership bought a new position in Udemy in the fourth quarter valued at about $4,119,000. Royce & Associates LP boosted its stake in Udemy by 18.6% in the fourth quarter. Royce & Associates LP now owns 1,119,359 shares of the company's stock valued at $9,212,000 after acquiring an additional 175,300 shares during the last quarter. Barclays PLC grew its holdings in Udemy by 360.6% during the 3rd quarter. Barclays PLC now owns 155,719 shares of the company's stock worth $1,158,000 after acquiring an additional 121,911 shares during the period. Connor Clark & Lunn Investment Management Ltd. bought a new stake in shares of Udemy during the 4th quarter valued at $831,000. Finally, American Century Companies Inc. acquired a new position in shares of Udemy in the 4th quarter valued at $490,000. Institutional investors and hedge funds own 79.48% of the company's stock.
Insiders Place Their Bets
In related news, CTO Eren Bali sold 69,482 shares of the stock in a transaction that occurred on Friday, February 14th. The stock was sold at an average price of $9.00, for a total transaction of $625,338.00. Following the completion of the sale, the chief technology officer now directly owns 2,156,050 shares of the company's stock, valued at approximately $19,404,450. This trade represents a 3.12 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, major shareholder Ltd Naspers sold 3,200,000 shares of the company's stock in a transaction on Tuesday, January 21st. The shares were sold at an average price of $7.84, for a total value of $25,088,000.00. Following the completion of the transaction, the insider now owns 13,920,840 shares of the company's stock, valued at $109,139,385.60. This trade represents a 18.69 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 3,305,168 shares of company stock worth $26,040,186. Corporate insiders own 3.20% of the company's stock.
Analyst Upgrades and Downgrades
A number of brokerages recently commented on UDMY. Truist Financial reaffirmed a "hold" rating and set a $7.00 price objective (down from $10.00) on shares of Udemy in a research note on Monday, April 7th. Canaccord Genuity Group increased their target price on shares of Udemy from $12.00 to $14.00 and gave the stock a "buy" rating in a report on Friday, February 14th. William Blair cut Udemy from an "outperform" rating to a "market perform" rating in a research note on Wednesday, March 12th. Needham & Company LLC reaffirmed a "buy" rating and issued a $11.00 target price on shares of Udemy in a research report on Wednesday, March 12th. Finally, Morgan Stanley boosted their price target on shares of Udemy from $7.50 to $9.00 and gave the stock an "underweight" rating in a research report on Thursday, February 20th. One analyst has rated the stock with a sell rating, four have issued a hold rating and seven have assigned a buy rating to the company's stock. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average target price of $10.68.
Check Out Our Latest Analysis on UDMY
Udemy Stock Up 2.6 %
Shares of UDMY stock traded up $0.16 during trading hours on Monday, hitting $6.26. 85,269 shares of the company's stock traded hands, compared to its average volume of 957,017. The stock has a market cap of $929.52 million, a PE ratio of -10.98 and a beta of 1.81. Udemy, Inc. has a 12 month low of $5.68 and a 12 month high of $11.60. The stock's 50 day simple moving average is $8.35 and its 200 day simple moving average is $8.15.
Udemy (NASDAQ:UDMY - Get Free Report) last announced 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 analyst estimates of $194.70 million. Udemy had a negative net margin of 10.84% and a negative return on equity of 27.93%. As a group, equities research analysts expect that Udemy, Inc. will post -0.09 EPS for the current fiscal year.
Udemy Company Profile
(
Free Report)
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.
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