Udemy, Inc. $UDMY Shares Purchased by Russell Investments Group Ltd.

Key Points

• Russell Investments Group Ltd. significantly increased its stake in Udemy by 105.2% during the 1st quarter, now owning 86,083 shares valued at approximately $668,000.
• Udemy reported earnings of $0.16 EPS for the last quarter, exceeding expectations, and the company's revenue was up 2.8% year-over-year at $199.88 million.
• Several analysts have upgraded Udemy's stock ratings recently, leading to a current consensus rating of "Moderate Buy" and an average price target of $9.75.

Russell Investments Group Ltd. boosted its holdings in shares of Udemy, Inc. (NASDAQ:UDMY - Free Report) by 105.2% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 86,083 shares of the company's stock after purchasing an additional 44,141 shares during the quarter. Russell Investments Group Ltd. owned about 0.06% of Udemy worth $668,000 as of its most recent SEC filing.

Other institutional investors have also bought and sold shares of the company. HighTower Advisors LLC increased its holdings in shares of Udemy by 7.8% in 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. MetLife Investment Management LLC raised its position in Udemy by 6.2% during the fourth quarter. MetLife Investment Management LLC now owns 59,465 shares of the company's stock valued at $489,000 after purchasing an additional 3,450 shares during the period. New York State Common Retirement Fund raised its position in Udemy by 18.1% during the first quarter. New York State Common Retirement Fund now owns 27,138 shares of the company's stock valued at $211,000 after purchasing an additional 4,159 shares during the period. Quarry LP bought a new position in shares of Udemy during the 4th quarter valued at approximately $34,000. Finally, Price T Rowe Associates Inc. MD increased its position in shares of Udemy by 14.0% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 36,064 shares of the company's stock valued at $297,000 after purchasing an additional 4,418 shares during the last quarter. Institutional investors own 79.48% of the company's stock.

Analyst Ratings Changes

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

Insider Transactions at Udemy

In related news, CFO Sarah Blanchard sold 25,000 shares of the company's stock in a transaction dated Friday, June 13th. The stock was sold at an average price of $6.99, for a total transaction of $174,750.00. Following the transaction, 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 filing with the SEC, which is available at this link. Corporate insiders own 3.20% of the company's stock.

Udemy Price Performance

NASDAQ UDMY traded down $0.04 during trading on Wednesday, reaching $6.73. 772,194 shares of the company's stock traded hands, compared to its average volume of 1,268,611. The company's 50 day simple moving average is $7.00 and its two-hundred day simple moving average is $7.38. Udemy, Inc. has a 12-month low of $5.68 and a 12-month high of $10.61. The firm has a market cap of $1.01 billion, a price-to-earnings ratio of -32.12 and a beta of 1.77.

Udemy (NASDAQ:UDMY - Get Free Report) last issued its quarterly earnings data on Wednesday, July 30th. The company reported $0.16 EPS for the quarter, topping analysts' consensus estimates of $0.12 by $0.04. The company had revenue of $199.88 million during the quarter, compared to the consensus estimate of $196.74 million. Udemy had a negative net margin of 3.85% and a negative return on equity of 5.19%. Udemy's revenue for the quarter was up 2.8% compared to the same quarter last year. During the same quarter in the previous year, the firm posted ($0.04) earnings per share. Udemy has set its FY 2025 guidance at EPS. Q3 2025 guidance at EPS. Research analysts expect that Udemy, Inc. will post -0.09 earnings per share for the current fiscal year.

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.