Connor Clark & Lunn Investment Management Ltd. Grows Stake in Udemy, Inc. $UDMY

Key Points

• Connor Clark & Lunn Investment Management Ltd. increased its holdings in Udemy, Inc. by 139.2% in the 1st quarter, owning 241,465 shares valued at approximately $1.87 million.
• Vanguard Group Inc. also raised its stake in Udemy by 12.2%, now holding over 10.6 million shares worth about $82.7 million.
• Wall Street analysts have mixed views on Udemy, with a consensus rating of "Moderate Buy" and a target price averaging at $9.75.

Connor Clark & Lunn Investment Management Ltd. grew its holdings in Udemy, Inc. (NASDAQ:UDMY - Free Report) by 139.2% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 241,465 shares of the company's stock after purchasing an additional 140,536 shares during the period. Connor Clark & Lunn Investment Management Ltd. owned approximately 0.16% of Udemy worth $1,874,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors have also modified their holdings of the business. MetLife Investment Management LLC lifted its stake in shares of Udemy by 6.2% in the 4th quarter. MetLife Investment Management LLC now owns 59,465 shares of the company's stock valued at $489,000 after purchasing an additional 3,450 shares during the last quarter. New York State Common Retirement Fund lifted its stake 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 worth $211,000 after acquiring an additional 4,159 shares in the last quarter. Quarry LP acquired a new position in Udemy during the 4th quarter worth about $34,000. Price T Rowe Associates Inc. MD lifted its stake 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 worth $297,000 after acquiring an additional 4,418 shares in the last quarter. Finally, Vega Investment Solutions acquired a new position in Udemy during the 4th quarter worth about $46,000. Institutional investors and hedge funds 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 dated Friday, June 13th. The stock was sold at an average price of $6.99, for a total value of $174,750.00. Following the sale, the chief financial officer owned 1,077,097 shares of the company's stock, valued at $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 available at this link. 2.10% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

Several research firms recently issued reports on UDMY. Morgan Stanley raised Udemy from an "underweight" rating to an "equal weight" rating and increased their target price for the stock from $7.00 to $9.00 in a research note on Thursday, June 5th. Wall Street Zen raised Udemy from a "buy" rating to a "strong-buy" rating in a research note on Saturday, August 2nd. Needham & Company LLC reissued a "buy" rating and set a $11.00 target price on shares of Udemy in a research note on Thursday, July 31st. Robert W. Baird decreased their target price on Udemy from $13.00 to $11.00 and set an "outperform" rating on the stock in a research note on Thursday, May 1st. Finally, Canaccord Genuity Group decreased their target price on Udemy from $14.00 to $12.00 and set a "buy" rating on the stock in a research note on Thursday, May 1st. Five analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $9.75.

Udemy Stock Performance

UDMY stock traded up $0.07 during mid-day trading on Thursday, reaching $6.78. The company had a trading volume of 1,523,236 shares, compared to its average volume of 1,892,511. The company has a market capitalization of $1.02 billion, a price-to-earnings ratio of -32.28 and a beta of 1.78. The firm has a fifty day simple moving average of $7.01 and a 200 day simple moving average of $7.44. 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 posted its quarterly earnings results on Wednesday, July 30th. The company reported $0.16 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.12 by $0.04. The company had revenue of $199.88 million for the quarter, compared to analyst estimates of $196.74 million. Udemy had a negative return on equity of 5.19% and a negative net margin of 3.85%.Udemy's revenue for the quarter was up 2.8% compared to the same quarter last year. During the same quarter last year, the company earned ($0.04) EPS. Udemy has set its FY 2025 guidance at EPS. Q3 2025 guidance at EPS. As a group, analysts predict that Udemy, Inc. will post -0.09 earnings per share for the current year.

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.