Trexquant Investment LP cut its holdings in shares of Udemy, Inc. (NASDAQ:UDMY - Free Report) by 55.7% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 170,770 shares of the company's stock after selling 214,649 shares during the quarter. Trexquant Investment LP owned approximately 0.12% of Udemy worth $1,405,000 as of its most recent SEC filing.
Other large investors have also made changes to their positions in the company. SBI Securities Co. Ltd. purchased a new position in Udemy in the 4th quarter worth approximately $31,000. Point72 DIFC Ltd bought a new stake in shares of Udemy during the third quarter valued at approximately $30,000. Nisa Investment Advisors LLC lifted its holdings in shares of Udemy by 496.7% in the fourth quarter. Nisa Investment Advisors LLC now owns 7,220 shares of the company's stock worth $59,000 after buying an additional 6,010 shares in the last quarter. Falcon Wealth Planning bought a new position in shares of Udemy during the fourth quarter worth $85,000. Finally, Handelsbanken Fonder AB grew its stake in Udemy by 45.2% during the fourth quarter. Handelsbanken Fonder AB now owns 15,100 shares of the company's stock valued at $124,000 after acquiring an additional 4,700 shares in the last quarter. 79.48% of the stock is currently owned by hedge funds and other institutional investors.
Udemy Trading Up 1.2 %
Shares of UDMY stock traded up $0.08 during trading hours on Tuesday, reaching $6.20. 134,048 shares of the stock were exchanged, compared to its average volume of 957,562. The firm has a market capitalization of $919.86 million, a price-to-earnings ratio of -10.87 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 company's 50-day moving average price is $8.32 and its 200-day moving average price is $8.14.
Udemy (NASDAQ:UDMY - Get Free Report) last released its earnings results on Thursday, February 13th. The company reported ($0.03) 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 for the quarter, compared to the consensus estimate of $194.70 million. On average, sell-side analysts expect that Udemy, Inc. will post -0.09 EPS for the current year.
Wall Street Analyst Weigh In
UDMY has been the subject of several research reports. Canaccord Genuity Group increased their price objective on shares of Udemy from $12.00 to $14.00 and gave the company a "buy" rating in a report on Friday, February 14th. Morgan Stanley raised their price target on Udemy from $7.50 to $9.00 and gave the company an "underweight" rating in a report on Thursday, February 20th. William Blair cut Udemy from an "outperform" rating to a "market perform" rating in a report on Wednesday, March 12th. Needham & Company LLC reissued a "buy" rating and issued a $11.00 target price on shares of Udemy in a report on Wednesday, March 12th. Finally, Truist Financial restated a "hold" rating and issued a $7.00 price target (down previously from $10.00) on shares of Udemy in a research report on Monday, April 7th. One research analyst has rated the stock with a sell rating, four have given a hold rating and seven have issued a buy rating to the company. According to data from MarketBeat.com, Udemy presently has a consensus rating of "Moderate Buy" and a consensus price target of $10.68.
Check Out Our Latest Analysis on UDMY
Insider Transactions at Udemy
In other 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 transaction of $145,580.40. Following the transaction, the director now directly 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 sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CTO Eren Bali sold 10,000 shares of the business's stock in a transaction that occurred on Friday, March 14th. The shares were sold at an average price of $8.02, for a total value of $80,200.00. Following the completion of the sale, the chief technology officer now owns 2,146,050 shares of the company's stock, valued at $17,211,321. The trade was a 0.46 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 3,305,168 shares of company stock worth $26,040,186. 3.20% of the stock is currently owned by insiders.
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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