Trexquant Investment LP Has $2.49 Million Stake 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 stake in Udemy, Inc. (NASDAQ:UDMY - Free Report) by 88.2% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 321,375 shares of the company's stock after purchasing an additional 150,605 shares during the quarter. Trexquant Investment LP owned about 0.22% of Udemy worth $2,494,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in UDMY. Vega Investment Solutions acquired a new position in Udemy in the fourth quarter valued at about $46,000. GAMMA Investing LLC grew its stake in Udemy by 558.3% in the first quarter. GAMMA Investing LLC now owns 6,945 shares of the company's stock valued at $54,000 after acquiring an additional 5,890 shares during the period. State of Wyoming acquired a new position in Udemy in the fourth quarter valued at about $59,000. Hsbc Holdings PLC acquired a new position in Udemy in the first quarter valued at about $82,000. Finally, Teacher Retirement System of Texas acquired a new position in Udemy in the first quarter valued at about $97,000. Institutional investors own 79.48% of the company's stock.

Analysts Set New Price Targets

A number of research analysts have issued reports on UDMY shares. Morgan Stanley raised Udemy from an "underweight" rating to an "equal weight" rating and boosted their target price for the company from $7.00 to $9.00 in a research note on Thursday, June 5th. Wall Street Zen raised Udemy from a "buy" rating to a "strong-buy" rating in a research report on Saturday, August 2nd. Needham & Company LLC reaffirmed a "buy" rating and set a $11.00 price objective on shares of Udemy in a research report on Thursday, July 31st. Cantor Fitzgerald upped 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, Zacks Research cut Udemy from a "strong-buy" rating to a "hold" rating in a research report on Tuesday, September 2nd. Five investment analysts have rated the stock with a Buy rating and five have issued a Hold rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $9.75.

Udemy Stock Performance

UDMY traded up $0.10 on Tuesday, hitting $6.89. 414,642 shares of the company were exchanged, compared to its average volume of 1,275,876. 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 $1.04 billion, a PE ratio of -32.87 and a beta of 1.77. The stock's fifty day moving average is $6.98 and its 200-day moving average is $7.27.

Udemy (NASDAQ:UDMY - Get Free Report) last released its quarterly earnings data on Wednesday, July 30th. The company reported $0.16 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.12 by $0.04. The firm 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 business's revenue for the quarter was up 2.8% compared to the same quarter last year. During the same quarter in the prior year, the company earned ($0.04) earnings per share. Udemy has set its FY 2025 guidance at EPS. Q3 2025 guidance at EPS. As a group, equities research analysts expect that Udemy, Inc. will post -0.09 EPS for the current fiscal year.

Insider Transactions at Udemy

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

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.