Udemy, Inc. $UDMY is Naspers Ltd.'s 2nd Largest Position

Key Points

• Naspers Ltd. has reduced its position in Udemy, Inc. by 18.7%, now holding about 10.4% of its investment portfolio, making Udemy its second largest position.
• Insider sales were reported with CFO Sarah Blanchard selling 25,000 shares at an average price of $6.99, which resulted in a 2.27% decrease in her ownership.
• Analysts maintain a mixed outlook on Udemy's stock, with a consensus price target of $9.75 and ratings ranging from "strong-buy" to "hold" from various equity research firms.

Naspers Ltd. lessened its stake in shares of Udemy, Inc. (NASDAQ:UDMY - Free Report) by 18.7% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 13,920,840 shares of the company's stock after selling 3,200,000 shares during the quarter. Udemy accounts for about 10.4% of Naspers Ltd.'s holdings, making the stock its 2nd biggest holding. Naspers Ltd. owned approximately 9.36% of Udemy worth $108,026,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds also recently bought and sold shares of UDMY. Vega Investment Solutions acquired a new stake in shares of Udemy during the fourth quarter worth about $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 worth $54,000 after purchasing an additional 5,890 shares in the last quarter. State of Wyoming purchased a new position in shares of Udemy during the fourth quarter worth approximately $59,000. Hsbc Holdings PLC purchased a new position in shares of Udemy during the first quarter worth approximately $82,000. Finally, Teacher Retirement System of Texas purchased a new position in shares of Udemy during the first quarter worth approximately $97,000. Hedge funds and other institutional investors own 79.48% of the company's stock.

Udemy Trading Up 7.4%

UDMY traded up $0.50 during midday trading on Thursday, hitting $7.17. The company's stock had a trading volume of 1,099,573 shares, compared to its average volume of 1,294,660. The firm has a market cap of $1.08 billion, a P/E ratio of -34.17 and a beta of 1.77. The firm has a 50-day moving average price of $6.97 and a two-hundred day moving average price of $7.27. 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 earnings results on Wednesday, July 30th. The company reported $0.16 earnings per share (EPS) for the quarter, topping analysts' consensus estimates 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 business had revenue of $199.88 million during the quarter, compared to analysts' expectations of $196.74 million. During the same quarter in the previous year, the business earned ($0.04) EPS. 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. On average, equities analysts expect that Udemy, Inc. will post -0.09 EPS for the current year.

Insider Activity

In other news, CFO Sarah Blanchard sold 25,000 shares of the business'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 completion of the sale, the chief financial officer owned 1,077,097 shares in the company, valued at approximately $7,528,908.03. The trade was a 2.27% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 2.10% of the company's stock.

Analysts Set New Price Targets

UDMY has been the topic of a number of analyst reports. Cantor Fitzgerald lifted their price objective on shares of Udemy from $9.00 to $10.00 and gave the company an "overweight" rating in a research report on Thursday, July 31st. Wall Street Zen raised Udemy from a "buy" rating to a "strong-buy" rating in a research note on Saturday, August 2nd. Zacks Research downgraded Udemy from a "strong-buy" rating to a "hold" rating in a research note on Tuesday, September 2nd. Morgan Stanley raised Udemy from an "underweight" rating to an "equal weight" rating and lifted their price target for the stock from $7.00 to $9.00 in a research note on Thursday, June 5th. Finally, Needham & Company LLC reissued a "buy" rating and issued a $11.00 target price on shares of Udemy in a research note on Thursday, July 31st. Five equities research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company's stock. Based on data from MarketBeat, Udemy has an average rating of "Moderate Buy" and a consensus target price of $9.75.

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.