XTX Topco Ltd Acquires Shares of 40,442 Udemy, Inc. (NASDAQ:UDMY)

XTX Topco Ltd bought a new stake in shares of Udemy, Inc. (NASDAQ:UDMY - Free Report) during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm bought 40,442 shares of the company's stock, valued at approximately $314,000.

A number of other institutional investors have also recently modified their holdings of the business. Quarry LP purchased a new stake in shares of Udemy in the fourth quarter valued at approximately $34,000. Vega Investment Solutions purchased a new stake in shares of Udemy in the fourth quarter valued at approximately $46,000. GAMMA Investing LLC grew its position in shares of Udemy by 558.3% in the first quarter. GAMMA Investing LLC now owns 6,945 shares of the company's stock valued at $54,000 after purchasing an additional 5,890 shares in the last quarter. State of Wyoming purchased a new stake in shares of Udemy in the fourth quarter valued at approximately $59,000. Finally, Nebula Research & Development LLC purchased a new stake in shares of Udemy in the fourth quarter valued at approximately $85,000. 79.48% of the stock is currently owned by institutional investors and hedge funds.

Udemy Stock Down 2.2%

NASDAQ UDMY traded down $0.16 on Thursday, reaching $6.90. The stock had a trading volume of 924,678 shares, compared to its average volume of 1,251,300. The firm has a market capitalization of $1.04 billion, a price-to-earnings ratio of -32.83 and a beta of 1.78. Udemy, Inc. has a 12-month low of $5.68 and a 12-month high of $10.61. The stock has a fifty day moving average price of $7.08 and a two-hundred day moving average price of $7.47.

Udemy (NASDAQ:UDMY - Get Free Report) last posted its quarterly earnings results on Wednesday, July 30th. The company reported $0.16 EPS for the quarter, topping the consensus estimate of $0.12 by $0.04. The business had revenue of $199.88 million during the quarter, compared to the consensus estimate of $196.74 million. Udemy had a negative net margin of 3.85% and a negative return on equity of 5.19%. The company's quarterly revenue was up 2.8% compared to the same quarter last year. During the same quarter in the previous year, the firm posted ($0.04) earnings per share. Sell-side analysts forecast that Udemy, Inc. will post -0.09 earnings per share for the current fiscal year.

Insider Buying and Selling at Udemy

In other Udemy news, CFO Sarah Blanchard sold 25,000 shares of the company's stock in a transaction on Friday, June 13th. The shares were sold at an average price of $6.99, for a total value of $174,750.00. Following the completion of the transaction, the chief financial officer 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 legal filing with the SEC, which is available at this hyperlink. Also, CEO Hugo Sarrazin acquired 22,695 shares of the firm's stock in a transaction on Wednesday, May 21st. The stock was bought at an average price of $6.91 per share, with a total value of $156,822.45. Following the purchase, the chief executive officer directly owned 47,580 shares of the company's stock, valued at $328,777.80. This represents a 91.20% increase in their ownership of the stock. The disclosure for this purchase can be found here. In the last 90 days, insiders acquired 38,748 shares of company stock valued at $269,158. Insiders own 2.10% of the company's stock.

Wall Street Analyst Weigh In

A number of research firms have recently issued reports on UDMY. Robert W. Baird dropped their price target on Udemy from $13.00 to $11.00 and set an "outperform" rating for the company in a research report on Thursday, May 1st. Wall Street Zen raised shares of Udemy from a "buy" rating to a "strong-buy" rating in a research report on Saturday, August 2nd. 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. Cantor Fitzgerald lifted their price target 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. Finally, Morgan Stanley raised shares of Udemy from an "underweight" rating to an "equal weight" rating and lifted their price target for the company from $7.00 to $9.00 in a research report on Thursday, June 5th. Four equities research analysts have rated the stock with a hold rating, five have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average price target of $9.75.

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.