Vanguard Group Inc. Raises Stock Holdings in Udemy, Inc. $UDMY

Key Points

• Vanguard increased its stake in Udemy by 3.8% in Q3 to 11,895,585 shares, representing about 8.13% of the company and roughly $83.4 million in value.
• Other institutions also boosted positions (AQR +217.6%, Goldman Sachs +45.2%, Millennium, Jane Street), leaving hedge funds/institutions with about 79.48% ownership, while CFO Sarah Blanchard sold 25,000 shares (a 2.03% reduction).
• Analysts are mixed with a consensus "Hold" and $8.75 target; the stock trades near $4.87 (12‑month range $4.35–$9.65, market cap ~$708M), and Udemy beat quarterly EPS ($0.12 vs $0.10) despite revenue down 3% YoY and a fiscal year EPS forecast of -$0.09.

Vanguard Group Inc. increased its holdings in shares of Udemy, Inc. (NASDAQ:UDMY - Free Report) by 3.8% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 11,895,585 shares of the company's stock after acquiring an additional 436,984 shares during the quarter. Vanguard Group Inc. owned approximately 8.13% of Udemy worth $83,388,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also bought and sold shares of UDMY. AQR Capital Management LLC increased its position in shares of Udemy by 217.6% during the 1st quarter. AQR Capital Management LLC now owns 205,212 shares of the company's stock valued at $1,592,000 after purchasing an additional 140,597 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its holdings in shares of Udemy by 4.6% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 54,071 shares of the company's stock worth $420,000 after buying an additional 2,399 shares during the last quarter. Millennium Management LLC grew its position in Udemy by 5.0% during the first quarter. Millennium Management LLC now owns 753,782 shares of the company's stock valued at $5,849,000 after buying an additional 35,577 shares during the period. Goldman Sachs Group Inc. increased its holdings in Udemy by 45.2% during the first quarter. Goldman Sachs Group Inc. now owns 658,603 shares of the company's stock worth $5,111,000 after buying an additional 205,104 shares during the last quarter. Finally, Jane Street Group LLC increased its holdings in Udemy by 116.6% during the first quarter. Jane Street Group LLC now owns 143,497 shares of the company's stock worth $1,114,000 after buying an additional 77,260 shares during the last quarter. Hedge funds and other institutional investors own 79.48% of the company's stock.

Insider Transactions at Udemy

In other Udemy news, CFO Sarah Blanchard sold 25,000 shares of the firm's stock in a transaction dated Monday, December 15th. The stock was sold at an average price of $5.25, for a total value of $131,250.00. Following the completion of the transaction, the chief financial officer owned 1,208,046 shares in the company, valued at $6,342,241.50. This trade represents a 2.03% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Company insiders own 2.10% of the company's stock.

Analysts Set New Price Targets

A number of research firms have weighed in on UDMY. KeyCorp cut shares of Udemy from an "overweight" rating to a "sector weight" rating in a research note on Tuesday, January 13th. Wall Street Zen raised shares of Udemy from a "buy" rating to a "strong-buy" rating in a report on Sunday, December 7th. Canaccord Genuity Group set a $5.00 price objective on Udemy in a research note on Monday, February 9th. Zacks Research downgraded Udemy from a "strong-buy" rating to a "hold" rating in a research report on Friday, November 28th. Finally, Weiss Ratings restated a "sell (e+)" rating on shares of Udemy in a research note on Wednesday, January 21st. Three equities research analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and one has given a Sell rating to the company's stock. Based on data from MarketBeat, the company currently has an average rating of "Hold" and a consensus target price of $8.75.

Udemy Trading Down 5.6%

UDMY opened at $4.87 on Friday. Udemy, Inc. has a 12 month low of $4.35 and a 12 month high of $9.65. The company has a market cap of $708.20 million, a PE ratio of 243.62 and a beta of 1.70. The company has a 50 day moving average of $5.11 and a 200 day moving average of $5.83.

Udemy (NASDAQ:UDMY - Get Free Report) last issued its earnings results on Thursday, February 5th. 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 net margin of 0.48% and a return on equity of 4.84%. The business had revenue of $193.99 million for the quarter, compared to analysts' expectations of $193.40 million. During the same quarter in the previous year, the firm posted $0.10 EPS. The business's revenue for the quarter was down 3.0% compared to the same quarter last year. Research analysts forecast that Udemy, Inc. will post -0.09 earnings per share for the current fiscal year.

Udemy Profile

Udemy, Inc NASDAQ: UDMY operates a leading online learning marketplace that connects learners and instructors across a wide range of subject areas. The company's platform hosts thousands of self-paced video courses covering technology, business, personal development, creative arts and more. Individual learners can purchase courses on demand, while instructors receive revenue share for teaching content to a global audience.

In addition to its consumer-facing marketplace, Udemy provides enterprise learning solutions under the Udemy for Business brand.

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