Udemy, Inc. (NASDAQ:UDMY) Shares Bought by Deutsche Bank AG

Deutsche Bank AG raised its position in Udemy, Inc. (NASDAQ:UDMY - Free Report) by 100.8% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 112,775 shares of the company's stock after acquiring an additional 56,619 shares during the quarter. Deutsche Bank AG owned approximately 0.08% of Udemy worth $928,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of UDMY. SBI Securities Co. Ltd. acquired a new position in Udemy in the 4th quarter valued at about $31,000. Quarry LP purchased a new position in shares of Udemy in the 4th quarter valued at about $34,000. Nisa Investment Advisors LLC boosted its stake in shares of Udemy by 496.7% in the 4th quarter. Nisa Investment Advisors LLC now owns 7,220 shares of the company's stock valued at $59,000 after buying an additional 6,010 shares during the period. Falcon Wealth Planning purchased a new position in shares of Udemy in the 4th quarter valued at about $85,000. Finally, Nebula Research & Development LLC purchased a new position in shares of Udemy in the 4th quarter valued at about $85,000. 79.48% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In related news, CEO Hugo Sarrazin acquired 22,695 shares of Udemy stock in a transaction dated Wednesday, May 21st. The shares were acquired at an average cost of $6.91 per share, for a total transaction of $156,822.45. Following the completion of the transaction, the chief executive officer now directly owns 47,580 shares of the company's stock, valued at $328,777.80. The trade was a 91.20% increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, CEO Gregory Scott Brown sold 10,000 shares of the company's stock in a transaction on Thursday, March 6th. The shares were sold at an average price of $9.43, for a total value of $94,300.00. Following the completion of the sale, the chief executive officer now owns 1,141,896 shares in the company, valued at $10,768,079.28. This represents a 0.87% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have bought 47,580 shares of company stock worth $330,894 and have sold 20,846 shares worth $181,268. 2.10% of the stock is owned by company insiders.

Udemy Stock Up 0.4%

UDMY traded up $0.03 during trading on Friday, hitting $7.32. 989,718 shares of the stock were exchanged, compared to its average volume of 980,511. The firm has a market capitalization of $1.09 billion, a P/E ratio of -12.84 and a beta of 1.82. Udemy, Inc. has a 1-year low of $5.68 and a 1-year high of $10.61. The stock has a fifty day moving average price of $6.84 and a two-hundred day moving average price of $7.84.

Udemy (NASDAQ:UDMY - Get Free Report) last released its earnings results on Wednesday, April 30th. The company reported $0.12 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.10 by $0.02. Udemy had a negative return on equity of 27.93% and a negative net margin of 10.84%. The business had revenue of $200.30 million for the quarter, compared to analyst estimates of $197.19 million. During the same quarter in the previous year, the company posted $0.03 earnings per share. The company's revenue for the quarter was up 1.8% compared to the same quarter last year. Analysts predict that Udemy, Inc. will post -0.09 EPS for the current year.

Analysts Set New Price Targets

UDMY has been the subject of several recent research reports. Canaccord Genuity Group decreased their price objective on Udemy from $14.00 to $12.00 and set a "buy" rating for the company in a research note on Thursday, May 1st. William Blair cut Udemy from an "outperform" rating to a "market perform" rating in a research note on Wednesday, March 12th. Needham & Company LLC reiterated a "buy" rating and issued a $11.00 price objective on shares of Udemy in a research note on Thursday, May 1st. Truist Financial reiterated a "hold" rating and issued a $7.00 price objective (down previously from $10.00) on shares of Udemy in a research note on Monday, April 7th. Finally, Cantor Fitzgerald decreased their target price on Udemy from $11.00 to $9.00 and set an "overweight" rating for the company in a research note on Thursday, May 1st. One analyst has rated the stock with a sell rating, four have given a hold rating, seven have given a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average price target of $9.86.

Udemy 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.