Udemy, Inc. $UDMY Shares Bought by Algert Global LLC

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 boosted its stake in shares of Udemy, Inc. (NASDAQ:UDMY - Free Report) by 65.2% during the first quarter, according to the company in its most recent disclosure 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 approximately 0.30% of Udemy worth $3,423,000 at the end of the most recent reporting period.

A number of other large investors also recently bought and sold shares of UDMY. Quarry LP purchased a new position in Udemy during the fourth quarter worth approximately $34,000. Vega Investment Solutions purchased a new position in Udemy during the fourth quarter worth approximately $46,000. GAMMA Investing LLC raised its stake in Udemy by 558.3% during the first quarter. GAMMA Investing LLC now owns 6,945 shares of the company's stock worth $54,000 after purchasing an additional 5,890 shares during the period. State of Wyoming purchased a new position in Udemy during the fourth quarter worth approximately $59,000. Finally, Nebula Research & Development LLC purchased a new position in Udemy during the fourth quarter worth approximately $85,000. Hedge funds and other institutional investors own 79.48% of the company's stock.

Analysts Set New Price Targets

UDMY has been the topic of a number of recent analyst reports. Canaccord Genuity Group cut their price target on shares of Udemy from $14.00 to $12.00 and set a "buy" rating on the stock in a research note on Thursday, May 1st. Wall Street Zen raised shares of Udemy from a "buy" rating to a "strong-buy" rating in a research report on Saturday, August 2nd. Morgan Stanley raised shares of Udemy from an "underweight" rating to an "equal weight" rating and increased their price objective for the stock from $7.00 to $9.00 in a research report on Thursday, June 5th. Needham & Company LLC reissued a "buy" rating and issued a $11.00 price objective on shares of Udemy in a research report on Thursday, July 31st. Finally, Cantor Fitzgerald increased their price objective on shares of Udemy from $9.00 to $10.00 and gave the stock an "overweight" rating in a research report on Thursday, July 31st. Five investment analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the stock. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average target price of $9.75.

Udemy Stock Down 0.3%

Shares of Udemy stock traded down $0.02 during trading hours on Monday, hitting $7.03. The company's stock had a trading volume of 1,096,575 shares, compared to its average volume of 1,825,819. Udemy, Inc. has a 1-year low of $5.68 and a 1-year high of $10.61. The business has a fifty day moving average of $7.01 and a 200 day moving average of $7.43. The company has a market capitalization of $1.06 billion, a PE ratio of -33.47 and a beta of 1.78.

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

Insiders Place Their Bets

In related news, CFO Sarah Blanchard sold 25,000 shares of the firm's stock in a transaction on Friday, June 13th. The shares were sold at an average price of $6.99, for a total transaction of $174,750.00. Following the completion of the sale, the chief financial officer directly 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 position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Insiders own 3.20% of the company's stock.

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.