Udemy, Inc. (NASDAQ:UDMY) Shares Sold by Inflection Point Investments LLP

Inflection Point Investments LLP decreased its stake in shares of Udemy, Inc. (NASDAQ:UDMY - Free Report) by 10.0% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 837,901 shares of the company's stock after selling 93,000 shares during the quarter. Udemy comprises about 9.4% of Inflection Point Investments LLP's portfolio, making the stock its 6th largest holding. Inflection Point Investments LLP owned approximately 0.57% of Udemy worth $6,896,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds also recently bought and sold shares of UDMY. SBI Securities Co. Ltd. purchased a new position in shares of Udemy during the fourth quarter valued at about $31,000. Nisa Investment Advisors LLC grew 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 valued at $59,000 after purchasing an additional 6,010 shares in the last quarter. Falcon Wealth Planning bought a new position in Udemy during the fourth quarter valued at $85,000. Dynamic Technology Lab Private Ltd purchased a new position in shares of Udemy in the 4th quarter worth $95,000. Finally, Coign Capital Advisors LLC purchased a new stake in shares of Udemy during the 4th quarter valued at about $117,000. 79.48% of the stock is currently owned by institutional investors.

Udemy Trading Up 0.4 %

Shares of NASDAQ UDMY traded up $0.03 during trading hours on Friday, reaching $6.14. The stock had a trading volume of 968,013 shares, compared to its average volume of 967,410. The business's fifty day moving average price is $8.20 and its two-hundred day moving average price is $8.10. The firm has a market cap of $910.96 million, a price-to-earnings ratio of -10.76 and a beta of 1.81. Udemy, Inc. has a 52-week low of $5.68 and a 52-week high of $11.60.

Udemy (NASDAQ:UDMY - Get Free Report) last posted its quarterly earnings results 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). The firm had revenue of $199.94 million for the quarter, compared to the consensus estimate of $194.70 million. Udemy had a negative return on equity of 27.93% and a negative net margin of 10.84%. Equities research analysts anticipate that Udemy, Inc. will post -0.09 earnings per share for the current fiscal year.

Insider Transactions at Udemy

In other news, CTO Eren Bali sold 69,482 shares of the business's stock in a transaction on Friday, February 14th. The stock was sold at an average price of $9.00, for a total value of $625,338.00. Following the completion of the transaction, the chief technology officer now directly owns 2,156,050 shares of the company's stock, valued at approximately $19,404,450. The trade was a 3.12 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CEO Gregory Scott Brown sold 10,000 shares of the firm's stock in a transaction dated Thursday, March 6th. The shares were sold at an average price of $9.43, for a total value of $94,300.00. Following the sale, the chief executive officer now directly owns 1,141,896 shares in the company, valued at approximately $10,768,079.28. The trade was a 0.87 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 3,305,168 shares of company stock valued at $26,040,186. Company insiders own 3.20% of the company's stock.

Wall Street Analysts Forecast Growth

UDMY has been the subject of several recent research reports. Needham & Company LLC reiterated a "buy" rating and issued a $11.00 price target on shares of Udemy in a research report on Wednesday, March 12th. Canaccord Genuity Group boosted their target price on Udemy from $12.00 to $14.00 and gave the company a "buy" rating in a research report on Friday, February 14th. William Blair downgraded Udemy from an "outperform" rating to a "market perform" rating in a research report on Wednesday, March 12th. 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. Finally, Morgan Stanley reduced their target price on shares of Udemy from $9.00 to $7.00 and set an "underweight" rating on the stock in a research note on Wednesday. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and seven have given a buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $10.50.

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.