Inflection Point Investments LLP Has $4.20 Million Holdings in Udemy, Inc. (NASDAQ:UDMY)

Inflection Point Investments LLP decreased its position in Udemy, Inc. (NASDAQ:UDMY - Free Report) by 35.4% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 541,567 shares of the company's stock after selling 296,334 shares during the quarter. Udemy comprises approximately 9.1% of Inflection Point Investments LLP's holdings, making the stock its 7th largest position. Inflection Point Investments LLP owned approximately 0.36% of Udemy worth $4,203,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Assenagon Asset Management S.A. raised its position in shares of Udemy by 1,814.5% during the first quarter. Assenagon Asset Management S.A. now owns 2,678,641 shares of the company's stock worth $20,786,000 after purchasing an additional 2,538,728 shares during the period. Federated Hermes Inc. grew its stake in shares of Udemy by 1,985.5% in the 4th quarter. Federated Hermes Inc. now owns 1,372,593 shares of the company's stock valued at $11,296,000 after buying an additional 1,306,778 shares in the last quarter. Millennium Management LLC bought a new position in shares of Udemy during the 4th quarter valued at $5,911,000. Arrowstreet Capital Limited Partnership bought a new stake in shares of Udemy during the 4th quarter worth about $4,119,000. Finally, Jacobs Levy Equity Management Inc. boosted its holdings in shares of Udemy by 97.3% during the 4th quarter. Jacobs Levy Equity Management Inc. now owns 628,510 shares of the company's stock worth $5,173,000 after buying an additional 310,003 shares during the period. 79.48% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Udemy

In other news, CEO Hugo Sarrazin purchased 14,285 shares of Udemy stock in a transaction on Tuesday, May 20th. The stock was purchased at an average price of $7.00 per share, with a total value of $99,995.00. Following the transaction, the chief executive officer now directly owns 24,885 shares in the company, valued at $174,195. The trade was a 134.76% increase in their position. The acquisition was disclosed in a document filed with the SEC, which can be accessed through this link. Insiders have bought 47,580 shares of company stock valued at $330,894 in the last 90 days. 2.10% of the stock is currently owned by company insiders.

Udemy Trading Up 1.9%

Shares of UDMY stock traded up $0.13 on Monday, hitting $7.03. The stock had a trading volume of 1,016,409 shares, compared to its average volume of 985,158. The company has a fifty day moving average price of $6.84 and a two-hundred day moving average price of $7.82. The firm has a market cap of $1.05 billion, a P/E ratio of -12.33 and a beta of 1.81. Udemy, Inc. has a twelve month low of $5.68 and a twelve month high of $10.61.

Udemy (NASDAQ:UDMY - Get Free Report) last announced its earnings results on Wednesday, April 30th. The company reported $0.12 EPS for the quarter, topping the consensus estimate of $0.10 by $0.02. Udemy had a negative net margin of 10.84% and a negative return on equity of 27.93%. The firm had revenue of $200.30 million for the quarter, compared to the consensus estimate of $197.19 million. During the same period last year, the company posted $0.03 EPS. The business's quarterly revenue was up 1.8% on a year-over-year basis. On average, analysts expect that Udemy, Inc. will post -0.09 earnings per share for the current year.

Analyst Ratings Changes

Several brokerages have recently issued reports on UDMY. Wall Street Zen upgraded shares of Udemy from a "buy" rating to a "strong-buy" rating in a research note on Saturday, June 7th. JPMorgan Chase & Co. reduced their price target on shares of Udemy from $11.00 to $8.00 and set a "neutral" rating on the stock in a research report on Thursday, April 24th. Robert W. Baird reduced their price target on shares of Udemy from $13.00 to $11.00 and set an "outperform" rating on the stock in a research report on Thursday, May 1st. Morgan Stanley upgraded shares of Udemy from an "underweight" rating to an "equal weight" rating and upped their target price for the stock from $7.00 to $9.00 in a research report on Thursday, June 5th. Finally, Canaccord Genuity Group dropped their price objective on shares of Udemy from $14.00 to $12.00 and set a "buy" rating for the company in a research report on Thursday, May 1st. Five investment analysts have rated the stock with a hold rating, seven have given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $10.05.

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.