Jump Financial LLC Purchases 168,264 Shares of Udemy, Inc. $UDMY

Key Points

• Jump Financial LLC significantly increased its stake in Udemy, Inc. by 483.5% in Q1, acquiring an additional 168,264 shares to total 203,064 shares.
• Multiple hedge funds have recently adjusted their positions in Udemy, with 79.48% of the stock now owned by institutional investors and hedge funds.
• Despite mixed analyst ratings, Udemy's stock currently holds a "Moderate Buy" rating and has a lowered average price target of $9.75.

Jump Financial LLC lifted its stake in shares of Udemy, Inc. (NASDAQ:UDMY - Free Report) by 483.5% during the 1st quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 203,064 shares of the company's stock after purchasing an additional 168,264 shares during the quarter. Jump Financial LLC owned 0.14% of Udemy worth $1,576,000 as of its most recent SEC filing.

Several other large investors also recently modified their holdings of the stock. Hsbc Holdings PLC acquired a new stake in shares of Udemy during the 1st quarter worth $82,000. Algert Global LLC lifted its position in shares of Udemy by 65.2% during the 1st quarter. Algert Global LLC now owns 441,104 shares of the company's stock worth $3,423,000 after buying an additional 174,170 shares during the last quarter. Russell Investments Group Ltd. lifted its position in shares of Udemy by 105.2% during the 1st quarter. Russell Investments Group Ltd. now owns 86,083 shares of the company's stock worth $668,000 after buying an additional 44,141 shares during the last quarter. HighTower Advisors LLC lifted its position in shares of Udemy by 7.8% during the 1st quarter. HighTower Advisors LLC now owns 22,551 shares of the company's stock worth $175,000 after buying an additional 1,641 shares during the last quarter. Finally, Nuveen LLC bought a new stake in shares of Udemy during the 1st quarter worth $1,718,000. 79.48% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

UDMY has been the subject of several recent analyst reports. Morgan Stanley upgraded Udemy from an "underweight" rating to an "equal weight" rating and upped their price objective for the stock from $7.00 to $9.00 in a research report on Thursday, June 5th. Wall Street Zen upgraded Udemy from a "buy" rating to a "strong-buy" rating in a research report on Saturday, August 2nd. Cantor Fitzgerald raised their price objective on Udemy from $9.00 to $10.00 and gave the stock an "overweight" rating in a research report on Thursday, July 31st. Finally, Needham & Company LLC restated a "buy" rating and set a $11.00 price objective on shares of Udemy in a research report on Thursday, July 31st. Five research analysts have rated the stock with a Buy rating and four have given a Hold rating to the company. According to data from MarketBeat, Udemy has a consensus rating of "Moderate Buy" and an average target price of $9.75.

Udemy Price Performance

Shares of UDMY stock traded down $0.09 during trading hours on Wednesday, reaching $6.68. The company had a trading volume of 317,871 shares, compared to its average volume of 1,265,629. Udemy, Inc. has a 12 month low of $5.68 and a 12 month high of $10.61. The business has a fifty day simple moving average of $7.00 and a 200-day simple moving average of $7.38. The company has a market cap of $1.00 billion, a price-to-earnings ratio of -31.83 and a beta of 1.77.

Udemy (NASDAQ:UDMY - Get Free Report) last posted its earnings results on Wednesday, July 30th. The company reported $0.16 earnings per share 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%.The company's revenue for the quarter was up 2.8% on a year-over-year basis. During the same quarter last year, the company earned ($0.04) earnings per share. Udemy has set its FY 2025 guidance at EPS. Q3 2025 guidance at EPS. On average, equities research analysts expect that Udemy, Inc. will post -0.09 earnings per share for the current year.

Insider Buying and Selling

In related news, CFO Sarah Blanchard sold 25,000 shares of Udemy stock in a transaction on Friday, June 13th. The stock was sold at an average price of $6.99, for a total transaction of $174,750.00. Following the sale, the chief financial officer directly owned 1,077,097 shares in the company, valued at approximately $7,528,908.03. This trade represents a 2.27% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Company insiders own 3.20% of the company's stock.

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.