Nuveen LLC Makes New $1.72 Million Investment in Udemy, Inc. $UDMY

Key Points

• Nuveen LLC invested approximately $1.72 million in Udemy, Inc. by purchasing 221,424 shares, increasing its ownership to about 0.15% of the company.
• Recent analyst upgrades include a shift to a "strong-buy" rating from Wall Street Zen, and a price target increase from Morgan Stanley to $9.00.
• Udemy's latest earnings report showed earnings per share of $0.16, exceeding expectations, with revenue of $199.88 million for the quarter, a 2.8% increase year-over-year.

Nuveen LLC acquired a new stake in Udemy, Inc. (NASDAQ:UDMY - Free Report) in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 221,424 shares of the company's stock, valued at approximately $1,718,000. Nuveen LLC owned 0.15% of Udemy as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of UDMY. Wells Fargo & Company MN lifted its holdings in Udemy by 42.8% in the fourth quarter. Wells Fargo & Company MN now owns 43,486 shares of the company's stock valued at $358,000 after acquiring an additional 13,035 shares during the period. Raymond James Financial Inc. purchased a new position in shares of Udemy during the 4th quarter valued at approximately $164,000. Barclays PLC lifted its stake in shares of Udemy by 3.8% in the 4th quarter. Barclays PLC now owns 161,677 shares of the company's stock valued at $1,330,000 after purchasing an additional 5,958 shares during the period. MetLife Investment Management LLC boosted its holdings in Udemy by 6.2% during the fourth quarter. MetLife Investment Management LLC now owns 59,465 shares of the company's stock worth $489,000 after buying an additional 3,450 shares in the last quarter. Finally, Stifel Financial Corp acquired a new stake in Udemy during the fourth quarter valued at $294,000. 79.48% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of brokerages have weighed in on UDMY. Morgan Stanley upgraded shares of 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. Needham & Company LLC reissued a "buy" rating and issued a $11.00 price objective on shares of Udemy in a report on Thursday, July 31st. Cantor Fitzgerald upped their target price on Udemy from $9.00 to $10.00 and gave the stock an "overweight" rating in a research note on Thursday, July 31st. Finally, Wall Street Zen upgraded shares of Udemy from a "buy" rating to a "strong-buy" rating in a research report on Saturday, August 2nd. Five analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $9.75.

Insiders Place Their Bets

In related news, CFO Sarah Blanchard sold 25,000 shares of the company's stock in a transaction dated Friday, June 13th. The shares were sold at an average price of $6.99, for a total transaction of $174,750.00. Following the completion of the sale, the chief financial officer owned 1,077,097 shares of the company's stock, valued at approximately $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 accessible through the SEC website. Insiders own 3.20% of the company's stock.

Udemy Stock Performance

Shares of UDMY traded down $0.04 during trading hours on Wednesday, hitting $6.73. 712,417 shares of the stock were exchanged, compared to its average volume of 1,268,298. The stock's 50-day moving average price is $7.00 and its two-hundred day moving average price is $7.38. 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 $1.01 billion, a price-to-earnings ratio of -31.99 and a beta of 1.77.

Udemy (NASDAQ:UDMY - Get Free Report) last announced its earnings results on Wednesday, July 30th. The company reported $0.16 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.12 by $0.04. Udemy had a negative net margin of 3.85% and a negative return on equity of 5.19%. The company had revenue of $199.88 million for the quarter, compared to analysts' expectations of $196.74 million. During the same quarter in the previous year, the company posted ($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.

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.