79,297 Shares in Udemy, Inc. (NASDAQ:UDMY) Acquired by Graham Capital Management L.P.

Graham Capital Management L.P. bought a new position in Udemy, Inc. (NASDAQ:UDMY - Free Report) in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund bought 79,297 shares of the company's stock, valued at approximately $653,000. Graham Capital Management L.P. owned about 0.05% of Udemy as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in UDMY. JPMorgan Chase & Co. lifted its holdings in shares of Udemy by 26.2% during the third quarter. JPMorgan Chase & Co. now owns 198,387 shares of the company's stock worth $1,476,000 after buying an additional 41,145 shares during the last quarter. Mirador Capital Partners LP acquired a new position in shares of Udemy during the fourth quarter worth approximately $148,000. Nisa Investment Advisors LLC lifted its holdings in shares of Udemy by 496.7% during 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 during the last quarter. SG Americas Securities LLC lifted its holdings in shares of Udemy by 22.2% during the fourth quarter. SG Americas Securities LLC now owns 29,674 shares of the company's stock worth $244,000 after buying an additional 5,384 shares during the last quarter. Finally, Falcon Wealth Planning acquired a new position in shares of Udemy during the fourth quarter worth approximately $85,000. 79.48% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of research analysts recently commented on UDMY shares. Robert W. Baird cut their target price on Udemy from $13.00 to $11.00 and set an "outperform" rating for the company in a research note on Thursday, May 1st. Needham & Company LLC restated a "buy" rating and issued a $11.00 target price on shares of Udemy in a research note on Thursday, May 1st. Truist Financial restated a "hold" rating and issued a $7.00 target price (down from $10.00) on shares of Udemy in a research note on Monday, April 7th. William Blair lowered Udemy from an "outperform" rating to a "market perform" rating in a research note on Wednesday, March 12th. Finally, Canaccord Genuity Group cut their target price on Udemy from $14.00 to $12.00 and set a "buy" rating for the company in a research note on Thursday, May 1st. One equities research 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, the company currently has an average rating of "Moderate Buy" and a consensus target price of $9.86.

Insider Transactions at Udemy

In related news, CTO Eren Bali sold 69,482 shares of the firm's stock in a transaction dated Friday, February 14th. The stock was sold at an average price of $9.00, for a total value of $625,338.00. Following the transaction, the chief technology officer now owns 2,156,050 shares in the company, valued at $19,404,450. This trade represents a 3.12% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Heather Hiles sold 14,840 shares of the firm's stock in a transaction dated Wednesday, February 19th. The shares were sold at an average price of $9.81, for a total value of $145,580.40. Following the completion of 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 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 Price Performance

Shares of NASDAQ:UDMY opened at $7.04 on Thursday. The business's fifty day moving average price is $7.18 and its two-hundred day moving average price is $7.96. The stock has a market capitalization of $1.05 billion, a price-to-earnings ratio of -12.35 and a beta of 1.82. Udemy, Inc. has a fifty-two week low of $5.68 and a fifty-two week high of $10.61.

Udemy (NASDAQ:UDMY - Get Free Report) last announced 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 company had revenue of $200.30 million for the quarter, compared to analysts' expectations of $197.19 million. Udemy had a negative return on equity of 27.93% and a negative net margin of 10.84%. The business's revenue for the quarter was up 1.8% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.03 earnings per share. Research analysts expect that Udemy, Inc. will post -0.09 EPS for the current fiscal year.

About Udemy

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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