Landscape Capital Management L.L.C. Acquires Shares of 417,561 Udemy, Inc. $UDMY

Key Points

• Landscape Capital Management L.L.C. has made a new investment of $3.24 million in Udemy, acquiring approximately 417,561 shares.
• Hedge funds and institutional investors now own 79.48% of Udemy's stock, indicating significant institutional interest.
• Analysts have recently upgraded Udemy's ratings, with Cantor Fitzgerald increasing the price target from $9.00 to $10.00 and giving it an "overweight" rating.

Landscape Capital Management L.L.C. purchased a new position in Udemy, Inc. (NASDAQ:UDMY - Free Report) during the 1st quarter, according to its most recent 13F filing with the SEC. The firm purchased 417,561 shares of the company's stock, valued at approximately $3,240,000. Landscape Capital Management L.L.C. owned about 0.28% of Udemy at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Quarry LP bought a new position in Udemy during the 4th quarter valued at about $34,000. Vega Investment Solutions acquired a new stake in shares of Udemy during the 4th quarter worth 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 during the period. State of Wyoming acquired a new stake in shares of Udemy during the 4th quarter worth approximately $59,000. Finally, Hsbc Holdings PLC acquired a new position in Udemy during the first quarter valued at approximately $82,000. 79.48% of the stock is owned by institutional investors.

Insider Buying and Selling

In other news, CFO Sarah Blanchard sold 25,000 shares of the company'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 transaction of $174,750.00. Following the sale, the chief financial officer directly owned 1,077,097 shares of the company's stock, valued at $7,528,908.03. This represents a 2.27% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Corporate insiders own 3.20% of the company's stock.

Wall Street Analysts Forecast Growth

Several research analysts recently commented on the stock. Needham & Company LLC restated a "buy" rating and set a $11.00 target price on shares of Udemy in a report on Thursday, July 31st. Wall Street Zen raised shares of Udemy from a "buy" rating to a "strong-buy" rating in a report on Saturday, August 2nd. Cantor Fitzgerald lifted their price target 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, Morgan Stanley upgraded shares of Udemy from an "underweight" rating to an "equal weight" rating and lifted their target price for the stock from $7.00 to $9.00 in a research report on Thursday, June 5th. Five equities research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company's stock. Based on data from MarketBeat, Udemy has a consensus rating of "Moderate Buy" and a consensus price target of $9.75.

Udemy Trading Down 2.1%

Udemy stock traded down $0.15 on Tuesday, hitting $6.72. 1,273,786 shares of the stock traded hands, compared to its average volume of 1,266,919. Udemy, Inc. has a 1 year low of $5.68 and a 1 year high of $10.61. The business's fifty day simple moving average is $7.01 and its 200 day simple moving average is $7.38. The firm has a market cap of $1.01 billion, a P/E ratio of -31.78 and a beta of 1.77.

Udemy (NASDAQ:UDMY - Get Free Report) last released 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 business had revenue of $199.88 million during the quarter, compared to the consensus estimate of $196.74 million. Udemy had a negative return on equity of 5.19% and a negative net margin of 3.85%.The business's quarterly revenue was up 2.8% compared to the same quarter last year. During the same period in the previous year, the company posted ($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.

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.