Caxton Associates LLP Acquires New Shares in Udemy, Inc. $UDMY

Key Points

• Caxton Associates LLP has invested approximately $327,000 in Udemy, acquiring 42,095 shares, marking the firm’s new entry into the company's stock during the first quarter.
• Udemy's board has authorized a $50 million share buyback program, allowing the company to repurchase up to 5% of its outstanding shares, signaling confidence in the stock's undervaluation.
• Several analysts have revised their ratings on Udemy, with Morgan Stanley upgrading the stock to an "equal weight" and raising the target price to $9.00, while Zacks downgraded it from “strong-buy” to “hold” as of September 2nd.

Caxton Associates LLP 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 disclosure with the Securities & Exchange Commission. The institutional investor acquired 42,095 shares of the company's stock, valued at approximately $327,000.

Other hedge funds have also made changes to their positions in the company. HighTower Advisors LLC raised its holdings in Udemy by 7.8% in 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 in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its position in Udemy by 4.6% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 54,071 shares of the company's stock worth $420,000 after purchasing an additional 2,399 shares during the period. New York State Common Retirement Fund lifted its position in Udemy by 18.1% in the first quarter. New York State Common Retirement Fund now owns 27,138 shares of the company's stock worth $211,000 after purchasing an additional 4,159 shares during the period. Price T Rowe Associates Inc. MD boosted its stake in Udemy by 14.0% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 36,064 shares of the company's stock worth $297,000 after buying an additional 4,418 shares in the last quarter. Finally, Vega Investment Solutions bought a new stake in Udemy in the 4th quarter valued at $46,000. Institutional investors own 79.48% of the company's stock.

Wall Street Analyst Weigh In

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

Udemy Trading Down 2.4%

Udemy stock traded down $0.17 during mid-day trading on Monday, hitting $7.00. The stock had a trading volume of 1,841,908 shares, compared to its average volume of 1,640,777. The stock has a 50-day simple moving average of $6.99 and a two-hundred day simple moving average of $7.18. The stock has a market capitalization of $1.05 billion, a PE ratio of -33.33 and a beta of 1.77. 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 announced its quarterly earnings data on Wednesday, July 30th. The company reported $0.16 earnings per share for the quarter, topping the consensus estimate of $0.12 by $0.04. The firm had revenue of $199.88 million during the quarter, compared to analysts' expectations of $196.74 million. Udemy had a negative return on equity of 5.19% and a negative net margin of 3.85%.The company's quarterly revenue was up 2.8% compared to the same quarter last year. During the same period in the previous year, the business posted ($0.04) EPS. Udemy has set its FY 2025 guidance at EPS. Q3 2025 guidance at EPS. Sell-side analysts expect that Udemy, Inc. will post -0.09 earnings per share for the current fiscal year.

Udemy announced that its board has approved a share repurchase program on Wednesday, September 10th that allows the company to buyback $50.00 million in shares. This buyback authorization allows the company to reacquire up to 5% of its shares through open market purchases. Shares buyback programs are often a sign that the company's board believes its shares are undervalued.

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.