Counterpoint Mutual Funds LLC Makes New Investment in Udemy, Inc. $UDMY

Key Points

• Counterpoint Mutual Funds LLC has invested approximately $406,000 in 57,796 shares of Udemy, Inc. during the second quarter, indicating growing institutional interest in the company.
• Udemy reported **earnings per share (EPS)** of $0.16, exceeding expectations, along with a quarterly revenue of $199.88 million, up 2.8% year-over-year.
• The company recently announced a share buyback plan allowing for **repurchase of up to $50 million** in outstanding shares, signaling confidence in the stock's valuation by its board.

Counterpoint Mutual Funds LLC purchased a new position in Udemy, Inc. (NASDAQ:UDMY - Free Report) in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 57,796 shares of the company's stock, valued at approximately $406,000.

Other institutional investors and hedge funds have also bought and sold shares of the company. Ameriprise Financial Inc. bought a new stake in shares of Udemy during the fourth quarter valued at approximately $98,000. Deutsche Bank AG increased its holdings in Udemy by 100.8% in the 4th quarter. Deutsche Bank AG now owns 112,775 shares of the company's stock valued at $928,000 after acquiring an additional 56,619 shares during the last quarter. Millennium Management LLC purchased a new stake in Udemy in the 4th quarter worth $5,911,000. Man Group plc purchased a new position in shares of Udemy during the fourth quarter valued at about $221,000. Finally, ProShare Advisors LLC increased its holdings in shares of Udemy by 41.9% in the fourth quarter. ProShare Advisors LLC now owns 25,639 shares of the company's stock worth $211,000 after purchasing an additional 7,569 shares during the last quarter. 79.48% of the stock is owned by institutional investors.

Udemy Stock Performance

NASDAQ UDMY opened at $7.08 on Wednesday. Udemy, Inc. has a one year low of $5.68 and a one year high of $10.61. The business has a fifty day moving average price of $7.04 and a 200 day moving average price of $7.10. The company has a market cap of $1.06 billion, a P/E ratio of -33.71 and a beta of 1.77.

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

Udemy announced that its board has authorized a share buyback plan on Wednesday, September 10th that allows the company to repurchase $50.00 million in outstanding shares. This repurchase authorization allows the company to purchase up to 5% of its stock through open market purchases. Stock repurchase plans are usually an indication that the company's board of directors believes its shares are undervalued.

Wall Street Analyst Weigh In

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

Insider Transactions at Udemy

In related news, CFO Sarah Blanchard sold 25,000 shares of the stock in a transaction dated Monday, September 15th. The stock was sold at an average price of $7.08, for a total transaction of $177,000.00. Following the transaction, the chief financial officer owned 1,287,953 shares of the company's stock, valued at approximately $9,118,707.24. This represents a 1.90% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 3.20% of the stock is currently owned by insiders.

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.

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