J. Goldman & Co LP Sells 382,370 Shares of Udemy, Inc. (NASDAQ:UDMY)

J. Goldman & Co LP cut its holdings in Udemy, Inc. (NASDAQ:UDMY - Free Report) by 73.7% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 136,456 shares of the company's stock after selling 382,370 shares during the quarter. J. Goldman & Co LP owned approximately 0.09% of Udemy worth $1,123,000 at the end of the most recent reporting period.

Other institutional investors have also made changes to their positions in the company. Jacobs Levy Equity Management Inc. grew its holdings in Udemy by 97.3% during the 4th quarter. Jacobs Levy Equity Management Inc. now owns 628,510 shares of the company's stock worth $5,173,000 after acquiring an additional 310,003 shares during the last quarter. Graham Capital Management L.P. acquired a new position in shares of Udemy during the fourth quarter worth approximately $653,000. Deutsche Bank AG lifted its position in shares of Udemy by 100.8% during the fourth quarter. Deutsche Bank AG now owns 112,775 shares of the company's stock worth $928,000 after purchasing an additional 56,619 shares in the last quarter. EP Wealth Advisors LLC acquired a new position in shares of Udemy during the fourth quarter worth approximately $172,000. Finally, Corton Capital Inc. acquired a new position in shares of Udemy during the fourth quarter worth approximately $150,000. 79.48% of the stock is owned by institutional investors.

Insider Buying and Selling at Udemy

In other news, Director Heather Hiles sold 14,840 shares of Udemy stock in a transaction dated Wednesday, February 19th. The stock was sold at an average price of $9.81, for a total transaction of $145,580.40. Following the transaction, the director now owns 42,667 shares in the company, valued at $418,563.27. The trade was a 25.81% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CTO Eren Bali sold 10,000 shares of the business's stock in a transaction that occurred on Friday, March 14th. The shares were sold at an average price of $8.02, for a total value of $80,200.00. Following the completion of the transaction, the chief technology officer now owns 2,146,050 shares of the company's stock, valued at $17,211,321. This represents a 0.46% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 105,168 shares of company stock valued at $952,186. Company insiders own 2.10% of the company's stock.

Udemy Stock Up 1.1%

NASDAQ UDMY traded up $0.08 during trading hours on Thursday, hitting $7.12. The company's stock had a trading volume of 796,147 shares, compared to its average volume of 977,582. The stock has a fifty day moving average of $7.18 and a 200 day moving average of $7.96. Udemy, Inc. has a twelve month low of $5.68 and a twelve month high of $10.61. The firm has a market capitalization of $1.06 billion, a P/E ratio of -12.49 and a beta of 1.82.

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

Wall Street Analysts Forecast Growth

A number of equities analysts have recently issued reports on the stock. Truist Financial reiterated a "hold" rating and set a $7.00 target price (down from $10.00) on shares of Udemy in a research report on Monday, April 7th. Canaccord Genuity Group reduced their target price 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. Robert W. Baird reduced their target price 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. JPMorgan Chase & Co. reduced their target price 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. Finally, Cantor Fitzgerald reduced their target price on shares of Udemy from $11.00 to $9.00 and set an "overweight" rating on the stock in a research report on Thursday, May 1st. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and seven have issued a buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average price target of $9.86.

About Udemy

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.