Udemy, Inc. (NASDAQ:UDMY) Shares Sold by Dimensional Fund Advisors LP

Dimensional Fund Advisors LP trimmed its position in Udemy, Inc. (NASDAQ:UDMY - Free Report) by 10.0% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 338,762 shares of the company's stock after selling 37,681 shares during the quarter. Dimensional Fund Advisors LP owned 0.23% of Udemy worth $2,787,000 at the end of the most recent reporting period.

Several other hedge funds have also made changes to their positions in the company. Barclays PLC lifted its stake in shares of Udemy by 360.6% during the 3rd quarter. Barclays PLC now owns 155,719 shares of the company's stock worth $1,158,000 after purchasing an additional 121,911 shares during the last quarter. JPMorgan Chase & Co. lifted its stake in shares of Udemy by 26.2% during the 3rd quarter. JPMorgan Chase & Co. now owns 198,387 shares of the company's stock worth $1,476,000 after purchasing an additional 41,145 shares during the last quarter. Mirador Capital Partners LP purchased a new stake in shares of Udemy during the 4th quarter worth $148,000. Nisa Investment Advisors LLC lifted its stake in shares of Udemy by 496.7% during the 4th quarter. Nisa Investment Advisors LLC now owns 7,220 shares of the company's stock worth $59,000 after purchasing an additional 6,010 shares during the last quarter. Finally, SG Americas Securities LLC lifted its stake in shares of Udemy by 22.2% during the 4th quarter. SG Americas Securities LLC now owns 29,674 shares of the company's stock worth $244,000 after purchasing an additional 5,384 shares during the last quarter. 79.48% of the stock is currently owned by hedge funds and other institutional investors.

Udemy Price Performance

Udemy stock traded down $0.09 during midday trading on Monday, reaching $6.98. The company's stock had a trading volume of 657,094 shares, compared to its average volume of 980,944. Udemy, Inc. has a 52-week low of $5.68 and a 52-week high of $10.61. The stock has a market capitalization of $1.04 billion, a P/E ratio of -12.25 and a beta of 1.82. The stock's 50-day simple moving average is $7.08 and its 200-day simple moving average is $7.93.

Udemy (NASDAQ:UDMY - Get Free Report) last announced its quarterly earnings data on Wednesday, April 30th. The company reported $0.12 earnings per share (EPS) 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 firm had revenue of $200.30 million during the quarter, compared to analysts' expectations of $197.19 million. During the same period last year, the business posted $0.03 earnings per share. The company's revenue for the quarter was up 1.8% compared to the same quarter last year. As a group, equities research analysts expect that Udemy, Inc. will post -0.09 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

UDMY has been the subject of a number of analyst reports. Morgan Stanley decreased their price objective on Udemy from $9.00 to $7.00 and set an "underweight" rating for the company in a research note on Wednesday, April 16th. William Blair cut Udemy from an "outperform" rating to a "market perform" rating in a research note on Wednesday, March 12th. JPMorgan Chase & Co. decreased 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. Canaccord Genuity Group decreased their price objective on Udemy from $14.00 to $12.00 and set a "buy" rating for the company in a research note on Thursday, May 1st. Finally, Needham & Company LLC reiterated a "buy" rating and issued a $11.00 price target on shares of Udemy in a research note on Thursday, May 1st. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and seven have issued a buy rating to the company's stock. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus price target of $9.86.

Insider Transactions at Udemy

In related news, Director Heather Hiles sold 14,840 shares of Udemy stock in a transaction that occurred on Wednesday, February 19th. The stock was sold at an average price of $9.81, for a total transaction of $145,580.40. Following the completion of the transaction, the director now directly owns 42,667 shares in the company, valued at approximately $418,563.27. This trade represents a 25.81% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Gregory Scott Brown sold 10,000 shares of Udemy stock in a transaction that occurred on Thursday, March 6th. The shares were sold at an average price of $9.43, for a total value of $94,300.00. Following the transaction, the chief executive officer now owns 1,141,896 shares of the company's stock, valued at approximately $10,768,079.28. This represents a 0.87% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders bought 10,600 shares of company stock worth $74,076 and sold 35,686 shares worth $326,848. Company insiders own 2.10% of the company's stock.

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.