UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Acquires 27,673 Shares of Udemy, Inc. (NASDAQ:UDMY)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its holdings in Udemy, Inc. (NASDAQ:UDMY) by 17.9% during the fourth quarter, Holdings Channel reports. The firm owned 181,864 shares of the company’s stock after acquiring an additional 27,673 shares during the quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC’s holdings in Udemy were worth $1,497,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Federated Hermes Inc. grew its stake in Udemy by 1,985.5% during the fourth quarter. Federated Hermes Inc. now owns 1,372,593 shares of the company’s stock worth $11,296,000 after purchasing an additional 1,306,778 shares during the period. Royce & Associates LP grew its position in shares of Udemy by 18.6% during the 4th quarter. Royce & Associates LP now owns 1,119,359 shares of the company’s stock worth $9,212,000 after buying an additional 175,300 shares during the period. Northern Trust Corp increased its stake in shares of Udemy by 6.1% in the 4th quarter. Northern Trust Corp now owns 836,920 shares of the company’s stock valued at $6,888,000 after acquiring an additional 48,298 shares in the last quarter. Millennium Management LLC acquired a new position in shares of Udemy during the 4th quarter valued at $5,911,000. Finally, Jacobs Levy Equity Management Inc. lifted its position in shares of Udemy by 97.3% during the 4th quarter. Jacobs Levy Equity Management Inc. now owns 628,510 shares of the company’s stock valued at $5,173,000 after acquiring an additional 310,003 shares during the period. Institutional investors own 79.48% of the company’s stock.

Udemy Stock Up 0.7%

Shares of Udemy stock opened at $7.60 on Monday. The business has a 50 day moving average price of $6.79 and a 200-day moving average price of $7.84. Udemy, Inc. has a 52 week low of $5.68 and a 52 week high of $10.61. The company has a market cap of $1.13 billion, a PE ratio of -13.33 and a beta of 1.81.

Udemy (NASDAQ:UDMY) last posted its earnings results on Wednesday, April 30th. The company reported $0.12 EPS for the quarter, topping the consensus estimate of $0.10 by $0.02. The firm had revenue of $200.30 million for the quarter, compared to analysts’ expectations of $197.19 million. Udemy had a negative net margin of 10.84% and a negative return on equity of 27.93%. The company’s quarterly revenue was up 1.8% compared to the same quarter last year. During the same quarter last year, the firm earned $0.03 EPS. As a group, research analysts anticipate that Udemy, Inc. will post -0.09 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of research firms have commented on UDMY. Cantor Fitzgerald reduced their price target on shares of Udemy from $11.00 to $9.00 and set an “overweight” rating for the company in a report on Thursday, May 1st. William Blair downgraded Udemy from an “outperform” rating to a “market perform” rating in a research note on Wednesday, March 12th. Needham & Company LLC reaffirmed a “buy” rating and set a $11.00 price target on shares of Udemy in a research note on Thursday, May 1st. Robert W. Baird cut their price target on Udemy from $13.00 to $11.00 and set an “outperform” rating on the stock in a report on Thursday, May 1st. Finally, Wall Street Zen upgraded Udemy from a “buy” rating to a “strong-buy” rating in a report on Saturday. Five research analysts have rated the stock with a hold rating, seven have issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, Udemy presently has a consensus rating of “Moderate Buy” and an average target price of $10.05.

Insider Buying and Selling

In related news, CEO Hugo Sarrazin bought 14,285 shares of the company’s stock in a transaction on Tuesday, May 20th. The shares were purchased at an average cost of $7.00 per share, for a total transaction of $99,995.00. Following the completion of the purchase, the chief executive officer now directly owns 24,885 shares in the company, valued at $174,195. The trade was a 134.76% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is accessible through this link. Also, CTO Eren Bali sold 10,000 shares of the stock in a transaction that occurred on Friday, March 14th. The shares were sold at an average price of $8.02, for a total transaction of $80,200.00. Following the transaction, the chief technology officer now directly owns 2,146,050 shares of the company’s stock, valued at $17,211,321. This represents a 0.46% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have acquired 47,580 shares of company stock worth $330,894. 2.10% of the stock is owned by company insiders.

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.