Balyasny Asset Management L.P. cut its holdings in Udemy, Inc. (NASDAQ:UDMY - Free Report) by 60.2% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 57,320 shares of the company's stock after selling 86,534 shares during the period. Balyasny Asset Management L.P.'s holdings in Udemy were worth $472,000 at the end of the most recent quarter.
Other institutional investors also recently modified their holdings of the company. SBI Securities Co. Ltd. bought a new stake in shares of Udemy during the fourth quarter valued at about $31,000. Quarry LP bought a new stake in shares of Udemy during the fourth quarter valued at about $34,000. Nisa Investment Advisors LLC raised its position in shares of Udemy by 496.7% in 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 in the last quarter. Falcon Wealth Planning purchased a new stake in shares of Udemy in the fourth quarter worth $85,000. Finally, Nebula Research & Development LLC purchased a new position in Udemy during the fourth quarter worth about $85,000. 79.48% of the stock is owned by institutional investors.
Analyst Ratings Changes
UDMY has been the topic of a number of recent research reports. Truist Financial reaffirmed a "hold" rating and set a $7.00 price objective (down from $10.00) on shares of Udemy in a research note on Monday, April 7th. Canaccord Genuity Group cut their price objective on Udemy from $14.00 to $12.00 and set a "buy" rating on the stock in a research report on Thursday, May 1st. Robert W. Baird dropped their price target on Udemy from $13.00 to $11.00 and set an "outperform" rating on the stock in a research report on Thursday, May 1st. Cantor Fitzgerald dropped their price target on Udemy from $11.00 to $9.00 and set an "overweight" rating on the stock in a research report on Thursday, May 1st. Finally, JPMorgan Chase & Co. dropped their price target on Udemy from $11.00 to $8.00 and set a "neutral" rating on the stock in a research report on Thursday, April 24th. One 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 stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $9.86.
Get Our Latest Research Report on UDMY
Insider Activity
In related news, CEO Gregory Scott Brown sold 10,000 shares of the stock in a transaction dated Thursday, March 6th. The shares were sold at an average price of $9.43, for a total value of $94,300.00. Following the sale, the chief executive officer now directly owns 1,141,896 shares of the company's stock, valued at $10,768,079.28. This represents a 0.87% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO Hugo Sarrazin acquired 5,432 shares of Udemy stock in a transaction that occurred on Thursday, May 15th. The stock was purchased at an average cost of $6.99 per share, for a total transaction of $37,969.68. Following the completion of the transaction, the chief executive officer now directly owns 8,832 shares in the company, valued at $61,735.68. This trade represents a 159.76% increase in their ownership of the stock. The disclosure for this purchase can be found here. In the last three months, insiders have acquired 10,600 shares of company stock worth $74,076 and have sold 20,846 shares worth $181,268. Corporate insiders own 2.10% of the company's stock.
Udemy Stock Performance
Shares of UDMY traded down $0.08 during midday trading on Wednesday, hitting $6.91. 136,484 shares of the company traded hands, compared to its average volume of 976,996. The firm has a 50 day moving average of $7.06 and a 200-day moving average of $7.92. The stock has a market cap of $1.03 billion, a price-to-earnings ratio of -12.14 and a beta of 1.82. Udemy, Inc. has a 52 week low of $5.68 and a 52 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 earnings per share (EPS) for the quarter, beating 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 business's revenue was up 1.8% compared to the same quarter last year. During the same period in the prior year, the company earned $0.03 EPS. Sell-side analysts predict that Udemy, Inc. will post -0.09 earnings per share for the current fiscal year.
About Udemy
(
Free Report)
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.
Featured Articles
Before you consider Udemy, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Udemy wasn't on the list.
While Udemy currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Enter your email address and we'll send you MarketBeat's list of ten stocks that are set to soar in Summer 2025, despite the threat of tariffs and other economic uncertainty. These ten stocks are incredibly resilient and are likely to thrive in any economic environment.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
