Udemy, Inc. $UDMY Stock Position Lifted by Cubist Systematic Strategies LLC

Key Points

• Cubist Systematic Strategies LLC significantly increased its stake in Udemy, owning approximately 0.34% of the company with holdings valued at $3.90 million after acquiring additional shares.
• Several hedge funds have made major investments in Udemy, including Assenagon Asset Management which increased its holdings by 1,814.5%, bringing its total investment to $20.79 million.
• Udemy recently reported earnings that exceeded expectations, posting an EPS of $0.16 compared to the anticipated $0.12, and announced FY 2025 guidance projecting improved financial performance.

Cubist Systematic Strategies LLC lifted its stake in Udemy, Inc. (NASDAQ:UDMY - Free Report) by 96.6% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 502,228 shares of the company's stock after purchasing an additional 246,767 shares during the quarter. Cubist Systematic Strategies LLC owned 0.34% of Udemy worth $3,897,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds also recently made changes to their positions in the stock. Vega Investment Solutions bought a new position in shares of Udemy during the 4th quarter valued at approximately $46,000. GAMMA Investing LLC grew its position in shares of Udemy by 558.3% during the 1st quarter. GAMMA Investing LLC now owns 6,945 shares of the company's stock worth $54,000 after buying an additional 5,890 shares in the last quarter. State of Wyoming bought a new stake in Udemy during the fourth quarter valued at about $59,000. Hsbc Holdings PLC bought a new stake in Udemy during the first quarter valued at about $82,000. Finally, Teacher Retirement System of Texas acquired a new stake in Udemy in the first quarter worth about $97,000. 79.48% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

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

Udemy Stock Performance

Shares of UDMY traded down $0.12 during trading hours on Wednesday, hitting $6.76. 913,752 shares of the stock were exchanged, compared to its average volume of 1,281,301. Udemy, Inc. has a 12-month low of $5.68 and a 12-month high of $10.61. The company has a market cap of $1.02 billion, a price-to-earnings ratio of -32.12 and a beta of 1.77. The stock's 50-day moving average price is $6.98 and its two-hundred day moving average price is $7.27.

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. On average, research analysts expect that Udemy, Inc. will post -0.09 earnings per share for the current year.

Insider Buying and Selling

In other news, CFO Sarah Blanchard sold 25,000 shares of the business's stock in a transaction that occurred on Friday, June 13th. The stock was sold at an average price of $6.99, for a total value of $174,750.00. Following the transaction, the chief financial officer owned 1,077,097 shares of the company's stock, valued at approximately $7,528,908.03. The trade was a 2.27% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 3.20% of the stock is currently owned by company insiders.

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.