Panagora Asset Management Inc. Makes New Investment in Udemy, Inc. $UDMY

Key Points

• Panagora Asset Management Inc. purchased 173,728 shares of Udemy, Inc., valued at approximately $1,348,000, increasing its stake to 0.12% at the end of the first quarter.
• Udemy's stock has experienced mixed analyst ratings, with a current average target price of $9.75, according to several research notes, indicating a "Moderate Buy" consensus.
• In its most recent earnings report, Udemy outperformed expectations by reporting earnings of $0.16 per share and a revenue of $199.88 million, marking a year-over-year revenue increase of 2.8%.

Panagora Asset Management Inc. acquired a new stake in shares of Udemy, Inc. (NASDAQ:UDMY - Free Report) in the first quarter, according to the company in its most recent 13F filing with the SEC. The fund acquired 173,728 shares of the company's stock, valued at approximately $1,348,000. Panagora Asset Management Inc. owned 0.12% of Udemy as of its most recent SEC filing.

A number of other large investors also recently bought and sold shares of the business. HighTower Advisors LLC boosted its holdings in Udemy by 7.8% during the 1st quarter. HighTower Advisors LLC now owns 22,551 shares of the company's stock valued at $175,000 after acquiring an additional 1,641 shares during the period. New York State Common Retirement Fund raised its position in Udemy by 18.1% during the 1st quarter. New York State Common Retirement Fund now owns 27,138 shares of the company's stock valued at $211,000 after purchasing an additional 4,159 shares in the last quarter. Price T Rowe Associates Inc. MD raised its position in Udemy by 14.0% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 36,064 shares of the company's stock valued at $297,000 after purchasing an additional 4,418 shares in the last quarter. Vega Investment Solutions bought a new stake in Udemy during the 4th quarter valued at $46,000. Finally, GAMMA Investing LLC raised its position in Udemy by 558.3% during the 1st quarter. GAMMA Investing LLC now owns 6,945 shares of the company's stock valued at $54,000 after purchasing an additional 5,890 shares in the last quarter. Hedge funds and other institutional investors own 79.48% of the company's stock.

Insider Transactions at Udemy

In other Udemy news, CFO Sarah Blanchard sold 25,000 shares of the stock in a transaction that occurred on Friday, June 13th. The stock was sold at an average price of $6.99, for a total transaction of $174,750.00. Following the transaction, the chief financial officer owned 1,077,097 shares in the company, valued at approximately $7,528,908.03. This represents a 2.27% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Corporate insiders own 3.20% of the company's stock.

Udemy Price Performance

Udemy stock traded up $0.08 during trading hours on Tuesday, hitting $6.87. 511,973 shares of the stock traded hands, compared to its average volume of 1,276,659. The firm's 50 day moving average price is $6.98 and its 200-day moving average price is $7.27. The stock has a market capitalization of $1.03 billion, a price-to-earnings ratio of -32.69 and a beta of 1.77. Udemy, Inc. has a 1 year low of $5.68 and a 1 year high of $10.61.

Udemy (NASDAQ:UDMY - Get Free Report) last posted its quarterly earnings results on Wednesday, July 30th. The company reported $0.16 earnings per share for the quarter, beating the consensus estimate of $0.12 by $0.04. Udemy had a negative return on equity of 5.19% and a negative net margin of 3.85%.The business had revenue of $199.88 million for the quarter, compared to the consensus estimate of $196.74 million. During the same quarter in the previous year, the business earned ($0.04) EPS. The company's quarterly revenue was up 2.8% compared to the same quarter last year. Udemy has set its FY 2025 guidance at EPS. Q3 2025 guidance at EPS. Research analysts forecast that Udemy, Inc. will post -0.09 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of equities research analysts have weighed in on the company. Zacks Research lowered Udemy from a "strong-buy" rating to a "hold" rating in a research report on Tuesday, September 2nd. Wall Street Zen raised Udemy from a "buy" rating to a "strong-buy" rating in a research report on Saturday, August 2nd. Needham & Company LLC reissued a "buy" rating and issued a $11.00 price target on shares of Udemy in a research report on Thursday, July 31st. Cantor Fitzgerald boosted their price target on Udemy from $9.00 to $10.00 and gave the stock an "overweight" rating in a research report on Thursday, July 31st. Finally, Morgan Stanley raised Udemy from an "underweight" rating to an "equal weight" rating and boosted their price target for the stock from $7.00 to $9.00 in a research report on Thursday, June 5th. Five investment analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus price target of $9.75.

Udemy 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.