Algert Global LLC Grows Stake in Udemy, Inc. $UDMY

Key Points

• Algert Global LLC increased its stake in Udemy, Inc. by 65.2%, acquiring an additional 174,170 shares to total 441,104 shares valued at approximately $3.42 million.
• Research analysts have mixed sentiments on Udemy, with five analysts rating it as a Buy and four as Hold, leading to a consensus price target of $9.75.
• Udemy reported a 2.8% year-over-year revenue increase for the latest quarter, generating $199.88 million and exceeding analyst expectations.

Algert Global LLC increased its position in Udemy, Inc. (NASDAQ:UDMY - Free Report) by 65.2% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 441,104 shares of the company's stock after purchasing an additional 174,170 shares during the period. Algert Global LLC owned 0.30% of Udemy worth $3,423,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in UDMY. Assenagon Asset Management S.A. increased its position in Udemy by 1,814.5% during the 1st quarter. Assenagon Asset Management S.A. now owns 2,678,641 shares of the company's stock valued at $20,786,000 after buying an additional 2,538,728 shares in the last quarter. Vanguard Group Inc. increased its position in Udemy by 12.2% during the 1st quarter. Vanguard Group Inc. now owns 10,663,298 shares of the company's stock valued at $82,747,000 after buying an additional 1,156,006 shares in the last quarter. Millennium Management LLC bought a new position in Udemy during the 4th quarter valued at approximately $5,911,000. Jacobs Levy Equity Management Inc. increased its position in Udemy by 97.3% during the 4th quarter. Jacobs Levy Equity Management Inc. now owns 628,510 shares of the company's stock valued at $5,173,000 after buying an additional 310,003 shares in the last quarter. Finally, Quantinno Capital Management LP bought a new position in Udemy during the 4th quarter valued at approximately $2,350,000. Institutional investors own 79.48% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities analysts recently weighed in on the stock. Robert W. Baird decreased their price objective on shares of Udemy from $13.00 to $11.00 and set an "outperform" rating for the company in a report on Thursday, May 1st. JPMorgan Chase & Co. decreased their price objective on shares of Udemy from $11.00 to $8.00 and set a "neutral" rating for the company in a report on Thursday, April 24th. Canaccord Genuity Group decreased their price objective on shares of Udemy from $14.00 to $12.00 and set a "buy" rating for the company in a report on Thursday, May 1st. Wall Street Zen upgraded shares of Udemy from a "buy" rating to a "strong-buy" rating in a report on Saturday, August 2nd. Finally, Cantor Fitzgerald boosted their price objective on shares of Udemy from $9.00 to $10.00 and gave the stock an "overweight" rating in a report on Thursday, July 31st. Five equities research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $9.75.

Udemy Price Performance

Udemy stock traded up $0.27 during midday trading on Friday, reaching $7.05. 1,333,619 shares of the company traded hands, compared to its average volume of 1,926,832. The firm has a market capitalization of $1.06 billion, a price-to-earnings ratio of -33.57 and a beta of 1.78. The business has a 50 day moving average of $7.01 and a two-hundred day moving average of $7.44. Udemy, Inc. has a 12 month low of $5.68 and a 12 month high of $10.61.

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

Insider Activity

In related news, CFO Sarah Blanchard sold 25,000 shares of the firm's stock in a transaction that occurred on Friday, June 13th. The shares were sold at an average price of $6.99, for a total value of $174,750.00. Following the transaction, the chief financial officer owned 1,077,097 shares of the company's stock, valued at approximately $7,528,908.03. This trade represents a 2.27% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Insiders own 2.10% of the company's stock.

Udemy Company 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.