Swiss National Bank Has $1.34 Million Stock Holdings in Udemy, Inc. (NASDAQ:UDMY)

Swiss National Bank lessened its position in Udemy, Inc. (NASDAQ:UDMY) by 1.9% during the 4th quarter, Holdings Channel reports. The firm owned 162,700 shares of the company’s stock after selling 3,100 shares during the quarter. Swiss National Bank’s holdings in Udemy were worth $1,339,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. Victory Capital Management Inc. bought a new stake in shares of Udemy during the third quarter valued at approximately $75,000. Intech Investment Management LLC bought a new position in Udemy in the third quarter valued at about $161,000. Charles Schwab Investment Management Inc. increased its position in Udemy by 3.8% in the third quarter. Charles Schwab Investment Management Inc. now owns 761,920 shares of the company’s stock worth $5,669,000 after purchasing an additional 27,959 shares during the period. FMR LLC raised its holdings in Udemy by 2.8% during the 3rd quarter. FMR LLC now owns 1,330,073 shares of the company’s stock worth $9,896,000 after purchasing an additional 36,380 shares during the last quarter. Finally, Verition Fund Management LLC acquired a new position in Udemy during the 3rd quarter valued at about $1,630,000. 79.48% of the stock is owned by institutional investors.

Udemy Stock Down 3.0 %

Shares of UDMY opened at $8.02 on Friday. The company has a 50 day moving average of $8.56 and a 200-day moving average of $8.26. The stock has a market capitalization of $1.18 billion, a P/E ratio of -14.07 and a beta of 1.76. Udemy, Inc. has a twelve month low of $6.67 and a twelve month high of $11.60.

Udemy (NASDAQ:UDMY) last issued its quarterly earnings results on Thursday, February 13th. The company reported ($0.03) earnings per share (EPS) for the quarter, missing the consensus estimate 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, sell-side analysts anticipate that Udemy, Inc. will post -0.09 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of equities research analysts recently weighed in on the stock. Canaccord Genuity Group boosted their price target on shares of Udemy from $12.00 to $14.00 and gave the stock a “buy” rating in a research note on Friday, February 14th. Needham & Company LLC reaffirmed a “buy” rating and set a $11.00 price objective on shares of Udemy in a research note on Wednesday, March 12th. Scotiabank assumed coverage on Udemy in a research note on Thursday, December 5th. They issued a “sector outperform” rating and a $10.00 target price on the stock. Morgan Stanley boosted their target price on Udemy from $7.50 to $9.00 and gave the stock an “underweight” rating in a research report on Thursday, February 20th. Finally, William Blair downgraded shares of Udemy from an “outperform” rating to a “market perform” rating in a research note on Wednesday, March 12th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and eight have assigned a buy rating to the company. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $10.95.

Insider Buying and Selling

In other news, CTO Eren Bali sold 10,000 shares of the company’s stock in a transaction dated Friday, March 14th. The shares were sold at an average price of $8.02, for a total value of $80,200.00. Following the sale, the chief technology officer now directly owns 2,146,050 shares of the company’s stock, valued at approximately $17,211,321. This represents a 0.46 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, major shareholder Ltd Naspers sold 3,200,000 shares of the business’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 value of $25,088,000.00. Following the transaction, the insider now directly owns 13,920,840 shares in the company, valued at approximately $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 3,304,322 shares of company stock worth $26,033,418. Corporate insiders own 3.20% of the company’s stock.

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.