Udemy, Inc. $UDMY Stake Raised by Vanguard Group Inc.

Key Points

• Vanguard Group Inc. has increased its stake in Udemy, Inc. by 12.2%, owning over 10.6 million shares valued at approximately $82.7 million.
• Institutional investors collectively own 79.48% of Udemy's stock, reflecting significant interest from major market players.
• Analysts have given Udemy an average price target of $9.75, with five analysts rating the stock as "Buy" and four as "Hold."

Vanguard Group Inc. lifted its position in shares of Udemy, Inc. (NASDAQ:UDMY - Free Report) by 12.2% in the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 10,663,298 shares of the company's stock after buying an additional 1,156,006 shares during the period. Vanguard Group Inc. owned approximately 7.17% of Udemy worth $82,747,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also made changes to their positions in the company. XTX Topco Ltd acquired a new stake in Udemy in the 1st quarter valued at $314,000. Federated Hermes Inc. boosted its position in Udemy by 0.6% in the 1st quarter. Federated Hermes Inc. now owns 1,380,278 shares of the company's stock valued at $10,711,000 after buying an additional 7,685 shares during the last quarter. Mackenzie Financial Corp purchased a new position in Udemy in the 1st quarter valued at about $1,186,000. Y Intercept Hong Kong Ltd lifted its position in shares of Udemy by 482.0% during the first quarter. Y Intercept Hong Kong Ltd now owns 113,394 shares of the company's stock worth $880,000 after purchasing an additional 93,911 shares during the last quarter. Finally, CWM LLC lifted its position in shares of Udemy by 1,189.4% during the first quarter. CWM LLC now owns 13,371 shares of the company's stock worth $104,000 after purchasing an additional 12,334 shares during the last quarter. 79.48% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In other Udemy news, CFO Sarah Blanchard sold 25,000 shares of the company'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 directly owned 1,077,097 shares in the company, valued at $7,528,908.03. This represents a 2.27% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 2.10% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

Several equities analysts have recently commented on UDMY shares. 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. Canaccord Genuity Group reduced their price target on shares of Udemy from $14.00 to $12.00 and set a "buy" rating on the stock in a research report on Thursday, May 1st. Needham & Company LLC reissued a "buy" rating and issued a $11.00 target price 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 raised their target price for the stock from $7.00 to $9.00 in a report on Thursday, June 5th. Finally, Wall Street Zen raised shares of Udemy from a "buy" rating to a "strong-buy" rating in a report on Saturday, August 2nd. Five equities research analysts have rated the stock with a Buy rating and four have given a Hold rating to the stock. According to data from MarketBeat.com, Udemy currently has an average rating of "Moderate Buy" and an average price target of $9.75.

Udemy Stock Performance

Shares of NASDAQ:UDMY traded up $0.01 during trading hours on Thursday, hitting $6.97. The stock had a trading volume of 484,814 shares, compared to its average volume of 1,256,226. The stock's fifty day simple moving average is $7.01 and its 200 day simple moving average is $7.42. Udemy, Inc. has a 1-year low of $5.68 and a 1-year high of $10.61. The firm has a market capitalization of $1.05 billion, a price-to-earnings ratio of -33.17 and a beta of 1.78.

Udemy (NASDAQ:UDMY - Get Free Report) last announced its quarterly earnings results on Wednesday, July 30th. The company reported $0.16 EPS for the quarter, beating the consensus estimate of $0.12 by $0.04. Udemy had a negative net margin of 3.85% and a negative return on equity of 5.19%. The company had revenue of $199.88 million for the quarter, compared to analyst estimates of $196.74 million. During the same quarter last year, the business earned ($0.04) earnings per share. Udemy's revenue was up 2.8% compared to the same quarter last year. Udemy has set its FY 2025 guidance at EPS. Q3 2025 guidance at EPS. As a group, research analysts anticipate that Udemy, Inc. will post -0.09 EPS for the current year.

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.