87,003 Shares in Udemy, Inc. (NASDAQ:UDMY) Bought by BNP Paribas Financial Markets

BNP Paribas Financial Markets acquired a new stake in shares of Udemy, Inc. (NASDAQ:UDMY - Free Report) in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 87,003 shares of the company's stock, valued at approximately $716,000. BNP Paribas Financial Markets owned about 0.06% of Udemy at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently bought and sold shares of UDMY. SBI Securities Co. Ltd. acquired a new stake in shares of Udemy during the fourth quarter worth approximately $31,000. Quarry LP acquired a new stake in shares of Udemy during the fourth quarter worth approximately $34,000. Nisa Investment Advisors LLC grew its position in shares of Udemy by 496.7% during 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 acquired a new stake in shares of Udemy during the fourth quarter worth approximately $85,000. Finally, Nebula Research & Development LLC acquired a new stake in shares of Udemy during the fourth quarter worth approximately $85,000. Institutional investors and hedge funds own 79.48% of the company's stock.

Udemy Trading Down 2.0%

Shares of Udemy stock traded down $0.15 during mid-day trading on Wednesday, reaching $7.22. 46,215 shares of the stock were exchanged, compared to its average volume of 976,350. The company has a market cap of $1.07 billion, a price-to-earnings ratio of -12.63 and a beta of 1.82. The firm has a 50-day simple moving average of $6.92 and a 200 day simple moving average of $7.87. Udemy, Inc. has a fifty-two week low of $5.68 and a fifty-two 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 for the quarter, beating analysts' consensus estimates 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 company had revenue of $200.30 million during the quarter, compared to analyst estimates of $197.19 million. During the same period last year, the company posted $0.03 earnings per share. The firm's quarterly revenue was up 1.8% compared to the same quarter last year. On average, research analysts predict that Udemy, Inc. will post -0.09 EPS for the current fiscal year.

Insiders Place Their Bets

In other news, CEO Hugo Sarrazin bought 22,695 shares of the business's stock in a transaction on Wednesday, May 21st. The shares were purchased at an average price of $6.91 per share, for a total transaction of $156,822.45. Following the purchase, the chief executive officer now owns 47,580 shares of the company's stock, valued at approximately $328,777.80. The trade was a 91.20% increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CTO Eren Bali sold 10,000 shares of the business's stock in a transaction that occurred on Friday, March 14th. The stock was sold at an average price of $8.02, for a total value of $80,200.00. Following the transaction, the chief technology officer now directly owns 2,146,050 shares in the company, valued at $17,211,321. This trade represents a 0.46% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have purchased 47,580 shares of company stock worth $330,894 and have sold 20,846 shares worth $181,268. Company insiders own 2.10% of the company's stock.

Analysts Set New Price Targets

UDMY has been the subject of a number of research reports. 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. Morgan Stanley cut their target price on Udemy from $9.00 to $7.00 and set an "underweight" rating on the stock in a research note on Wednesday, April 16th. Truist Financial reiterated a "hold" rating and issued a $7.00 price objective (down from $10.00) on shares of Udemy in a report on Monday, April 7th. William Blair cut shares of Udemy from an "outperform" rating to a "market perform" rating in a report on Wednesday, March 12th. Finally, Canaccord Genuity Group reduced their price target on Udemy from $14.00 to $12.00 and set a "buy" rating for the company in a report on Thursday, May 1st. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and eight have given a buy rating to the company. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus target price of $9.86.

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.