Trexquant Investment LP Boosts Stock Position in Udemy, Inc. $UDMY

Key Points

• Trexquant Investment LP increased its stake in Udemy by 88.2% during the first quarter, owning 321,375 shares valued at approximately $2.49 million.
• Udemy reported $0.16 earnings per share for the last quarter, exceeding the consensus estimate of $0.12, with revenues of $199.88 million, a 2.8% increase year-over-year.
• Wall Street analysts have given Udemy an average rating of Moderate Buy with a target price of $9.75, signifying potential growth in its stock value.

Trexquant Investment LP boosted its position in shares of Udemy, Inc. (NASDAQ:UDMY - Free Report) by 88.2% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 321,375 shares of the company's stock after buying an additional 150,605 shares during the period. Trexquant Investment LP owned 0.22% of Udemy worth $2,494,000 as of its most recent SEC filing.

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

Insider Buying and Selling at Udemy

In other Udemy news, CFO Sarah Blanchard sold 25,000 shares of the firm'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 completion of the sale, the chief financial officer owned 1,077,097 shares in the company, valued at approximately $7,528,908.03. This trade represents a 2.27% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 3.20% of the stock is owned by company insiders.

Analysts Set New Price Targets

A number of equities research analysts recently commented on UDMY shares. Needham & Company LLC reiterated a "buy" rating and issued a $11.00 price objective on shares of Udemy in a report on Thursday, July 31st. Morgan Stanley raised 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 note on Thursday, June 5th. Wall Street Zen upgraded shares of Udemy from a "buy" rating to a "strong-buy" rating in a report on Saturday, August 2nd. Zacks Research lowered shares of Udemy from a "strong-buy" rating to a "hold" rating in a report on Tuesday, September 2nd. Finally, Cantor Fitzgerald increased their price target on shares of Udemy from $9.00 to $10.00 and gave the stock an "overweight" rating in a research note on Thursday, July 31st. Five investment analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $9.75.

Udemy Stock Up 1.1%

NASDAQ:UDMY traded up $0.08 on Monday, reaching $6.76. 633,506 shares of the company's stock were exchanged, compared to its average volume of 1,277,857. The business has a fifty day moving average of $6.99 and a 200-day moving average of $7.29. The firm has a market capitalization of $1.02 billion, a price-to-earnings ratio of -32.21 and a beta of 1.77. Udemy, Inc. has a 52-week low of $5.68 and a 52-week high of $10.61.

Udemy (NASDAQ:UDMY - Get Free Report) last issued its quarterly earnings results on Wednesday, July 30th. The company reported $0.16 earnings per share for the quarter, topping 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 firm had revenue of $199.88 million during the quarter, compared to the consensus estimate of $196.74 million. During the same period last year, the company earned ($0.04) earnings per share. The company's revenue for the quarter was up 2.8% on a year-over-year basis. Udemy has set its FY 2025 guidance at EPS. Q3 2025 guidance at EPS. As a group, equities analysts anticipate 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.