Graham Capital Management L.P. Makes New $653,000 Investment in Udemy, Inc. (NASDAQ:UDMY)

Graham Capital Management L.P. purchased a new stake in Udemy, Inc. (NASDAQ:UDMY - Free Report) in the 4th quarter, according to its most recent filing with the SEC. The institutional investor purchased 79,297 shares of the company's stock, valued at approximately $653,000. Graham Capital Management L.P. owned approximately 0.05% of Udemy at the end of the most recent quarter.

Other large investors have also recently added to or reduced their stakes in the company. Deutsche Bank AG boosted its position in shares of Udemy by 100.8% in the fourth quarter. Deutsche Bank AG now owns 112,775 shares of the company's stock worth $928,000 after buying an additional 56,619 shares during the period. EP Wealth Advisors LLC acquired a new position in Udemy during the 4th quarter worth approximately $172,000. Corton Capital Inc. purchased a new position in Udemy in the 4th quarter worth approximately $150,000. Cubist Systematic Strategies LLC raised its stake in shares of Udemy by 10.7% during the fourth quarter. Cubist Systematic Strategies LLC now owns 255,461 shares of the company's stock valued at $2,102,000 after purchasing an additional 24,675 shares during the period. Finally, Centiva Capital LP purchased a new position in shares of Udemy in the fourth quarter valued at $271,000. 79.48% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of research firms have weighed in on UDMY. William Blair cut shares of Udemy from an "outperform" rating to a "market perform" rating in a research report on Wednesday, March 12th. JPMorgan Chase & Co. lowered their price objective on Udemy from $11.00 to $8.00 and set a "neutral" rating for the company in a research note on Thursday, April 24th. Needham & Company LLC reaffirmed a "buy" rating and issued a $11.00 target price on shares of Udemy in a research report on Thursday, May 1st. Robert W. Baird reduced 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. Finally, Canaccord Genuity Group dropped their price target on shares of Udemy from $14.00 to $12.00 and set a "buy" rating for the company in a research note 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 company's stock. Based on data from MarketBeat.com, Udemy currently has an average rating of "Moderate Buy" and an average target price of $9.86.

Udemy Trading Up 0.4%

Udemy stock traded up $0.03 during mid-day trading on Tuesday, reaching $7.01. The company's stock had a trading volume of 87,010 shares, compared to its average volume of 977,418. Udemy, Inc. has a twelve month low of $5.68 and a twelve month high of $10.61. The business has a 50 day moving average price of $7.08 and a 200-day moving average price of $7.93. The firm has a market cap of $1.04 billion, a price-to-earnings ratio of -12.25 and a beta of 1.82.

Udemy (NASDAQ:UDMY - Get Free Report) last posted its quarterly earnings results on Wednesday, April 30th. The company reported $0.12 EPS for the quarter, beating the consensus estimate of $0.10 by $0.02. Udemy had a negative net margin of 10.84% and a negative return on equity of 27.93%. The business had revenue of $200.30 million during the quarter, compared to analyst estimates of $197.19 million. During the same period in the previous year, the business posted $0.03 EPS. The company's quarterly revenue was up 1.8% on a year-over-year basis. On average, equities analysts expect that Udemy, Inc. will post -0.09 EPS for the current fiscal year.

Insider Buying and Selling at Udemy

In related news, CEO Hugo Sarrazin purchased 5,432 shares of the company's stock in a transaction dated Thursday, May 15th. The shares were acquired at an average cost of $6.99 per share, for a total transaction of $37,969.68. Following the transaction, the chief executive officer now owns 8,832 shares of the company's stock, valued at $61,735.68. This trade represents a 159.76% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Heather Hiles sold 14,840 shares of the business's stock in a transaction that occurred on Wednesday, February 19th. The shares were 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 of the company's stock, valued at $418,563.27. This represents a 25.81% decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders purchased 10,600 shares of company stock worth $74,076 and sold 35,686 shares worth $326,848. 2.10% of the stock is currently owned by insiders.

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.