Fox Run Management L.L.C. Has $481,000 Stock Position in Udemy, Inc. (NASDAQ:UDMY)

Fox Run Management L.L.C. increased its holdings in Udemy, Inc. (NASDAQ:UDMY - Free Report) by 280.1% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 58,409 shares of the company's stock after purchasing an additional 43,044 shares during the period. Fox Run Management L.L.C.'s holdings in Udemy were worth $481,000 at the end of the most recent reporting period.

Several other hedge funds have also recently bought and sold shares of UDMY. Barclays PLC boosted its stake in shares of 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 in the last quarter. Verition Fund Management LLC acquired a new stake in Udemy in the 3rd quarter worth approximately $1,630,000. SBI Securities Co. Ltd. bought a new stake in Udemy during the fourth quarter worth approximately $31,000. Algert Global LLC grew its holdings in Udemy by 45.0% during the third quarter. Algert Global LLC now owns 346,062 shares of the company's stock valued at $2,575,000 after purchasing an additional 107,390 shares during the last quarter. Finally, JPMorgan Chase & Co. raised its position in shares of Udemy by 26.2% in the third quarter. JPMorgan Chase & Co. now owns 198,387 shares of the company's stock valued at $1,476,000 after purchasing an additional 41,145 shares during the period. 79.48% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several analysts recently issued reports on the stock. Morgan Stanley upped their price objective on shares of Udemy from $7.50 to $9.00 and gave the stock an "underweight" rating in a report on Thursday, February 20th. Scotiabank began coverage on shares of Udemy in a report on Thursday, December 5th. They set a "sector outperform" rating and a $10.00 price target for the company. Canaccord Genuity Group lifted their price objective on Udemy from $12.00 to $14.00 and gave the stock a "buy" rating in a research note on Friday, February 14th. William Blair downgraded Udemy from an "outperform" rating to a "market perform" rating in a research note on Wednesday, March 12th. Finally, Needham & Company LLC reaffirmed a "buy" rating and issued a $11.00 target price on shares of Udemy in a report on Wednesday, March 12th. One investment analyst has rated the stock with a sell rating, three have given a hold rating and eight have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $10.95.

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Insider Buying and Selling at Udemy

In other Udemy news, Director Heather Hiles sold 14,840 shares of the business's stock in a transaction dated 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 directly owns 42,667 shares in the company, valued at $418,563.27. The trade was a 25.81 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, major shareholder Ltd Naspers sold 3,200,000 shares of the firm's stock in a transaction that occurred on Tuesday, January 21st. The stock was 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. Over the last ninety days, insiders have sold 3,304,322 shares of company stock valued at $26,033,418. 3.20% of the stock is currently owned by corporate insiders.

Udemy Trading Down 3.0 %

UDMY stock traded down $0.25 during midday trading on Friday, hitting $8.02. The stock had a trading volume of 853,226 shares, compared to its average volume of 930,082. Udemy, Inc. has a 52 week low of $6.67 and a 52 week high of $11.60. The stock has a 50-day simple moving average of $8.56 and a 200 day simple moving average of $8.26. The firm has a market capitalization of $1.18 billion, a price-to-earnings ratio of -14.07 and a beta of 1.76.

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

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.