Udemy, Inc. (NASDAQ:UDMY) Stock Position Lowered by Dimensional Fund Advisors LP

Dimensional Fund Advisors LP lessened its position in Udemy, Inc. (NASDAQ:UDMY) by 10.0% during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 338,762 shares of the company’s stock after selling 37,681 shares during the period. Dimensional Fund Advisors LP’s holdings in Udemy were worth $2,787,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently modified their holdings of the company. Barclays PLC raised its stake in shares of Udemy by 3.8% in the 4th quarter. Barclays PLC now owns 161,677 shares of the company’s stock worth $1,330,000 after buying an additional 5,958 shares in the last quarter. Coign Capital Advisors LLC bought a new stake in shares of Udemy in the 4th quarter worth $117,000. Raymond James Financial Inc. acquired a new stake in shares of Udemy during the fourth quarter worth $164,000. Capula Management Ltd acquired a new stake in shares of Udemy during the fourth quarter worth $289,000. Finally, Renaissance Technologies LLC raised its position in shares of Udemy by 59.4% during the fourth quarter. Renaissance Technologies LLC now owns 131,200 shares of the company’s stock worth $1,080,000 after purchasing an additional 48,900 shares during the period. Institutional investors own 79.48% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently issued reports on the company. Canaccord Genuity Group cut their target price on Udemy from $14.00 to $12.00 and set a “buy” rating on the stock in a research report on Thursday, May 1st. Needham & Company LLC reaffirmed a “buy” rating and set a $11.00 target price on shares of Udemy in a research report on Thursday, May 1st. Cantor Fitzgerald cut their target price on Udemy from $11.00 to $9.00 and set an “overweight” rating on the stock in a research report on Thursday, May 1st. Truist Financial reaffirmed a “hold” rating and set a $7.00 target price (down from $10.00) on shares of Udemy in a research report on Monday, April 7th. Finally, Robert W. Baird cut their target price on Udemy from $13.00 to $11.00 and set an “outperform” rating on the stock in a research report on Thursday, May 1st. One research analyst has rated the stock with a sell rating, four have issued a hold rating and seven have assigned a buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $9.86.

Udemy Trading Down 0.8%

NASDAQ:UDMY opened at $7.14 on Wednesday. The firm has a market capitalization of $1.06 billion, a price-to-earnings ratio of -12.53 and a beta of 1.82. Udemy, Inc. has a 1-year low of $5.68 and a 1-year high of $10.61. The business’s fifty day moving average price is $7.27 and its 200 day moving average price is $7.97.

Udemy (NASDAQ:UDMY) last issued its earnings results on Wednesday, April 30th. The company reported $0.12 earnings per share for the quarter, topping the consensus estimate of $0.10 by $0.02. Udemy had a negative return on equity of 27.93% and a negative net margin of 10.84%. The company had revenue of $200.30 million for the quarter, compared to analyst estimates of $197.19 million. During the same period in the prior year, the firm posted $0.03 EPS. The business’s revenue was up 1.8% compared to the same quarter last year. Equities analysts forecast that Udemy, Inc. will post -0.09 earnings per share for the current year.

Insider Buying and Selling

In related news, Director Heather Hiles sold 14,840 shares of the stock in a transaction that occurred on Wednesday, February 19th. The stock was sold at an average price of $9.81, for a total value of $145,580.40. Following the transaction, the director now owns 42,667 shares in the company, valued at approximately $418,563.27. This represents a 25.81% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, CEO Gregory Scott Brown sold 10,000 shares of the stock in a transaction that occurred on Thursday, March 6th. The stock was sold at an average price of $9.43, for a total value of $94,300.00. Following the completion of the transaction, the chief executive officer now owns 1,141,896 shares in the company, valued at $10,768,079.28. This represents a 0.87% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 105,168 shares of company stock worth $952,186. Insiders own 2.10% of the company’s stock.

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.