Udemy, Inc. (NASDAQ:UDMY) Shares Acquired by Jacobs Levy Equity Management Inc.

Jacobs Levy Equity Management Inc. grew its holdings in shares of Udemy, Inc. (NASDAQ:UDMY - Free Report) by 97.3% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 628,510 shares of the company's stock after acquiring an additional 310,003 shares during the period. Jacobs Levy Equity Management Inc. owned about 0.43% of Udemy worth $5,173,000 as of its most recent SEC filing.

Several other large investors also recently modified their holdings of UDMY. JPMorgan Chase & Co. grew its stake in shares of Udemy by 26.2% during the third quarter. JPMorgan Chase & Co. now owns 198,387 shares of the company's stock valued at $1,476,000 after acquiring an additional 41,145 shares in the last quarter. Mirador Capital Partners LP acquired a new position in Udemy in the fourth quarter worth about $148,000. Nisa Investment Advisors LLC grew its stake in Udemy by 496.7% in the fourth quarter. Nisa Investment Advisors LLC now owns 7,220 shares of the company's stock worth $59,000 after purchasing an additional 6,010 shares in the last quarter. SG Americas Securities LLC grew its stake in Udemy by 22.2% in the fourth quarter. SG Americas Securities LLC now owns 29,674 shares of the company's stock worth $244,000 after purchasing an additional 5,384 shares in the last quarter. Finally, Falcon Wealth Planning acquired a new position in Udemy in the fourth quarter worth about $85,000. 79.48% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of research firms recently commented on UDMY. William Blair downgraded Udemy from an "outperform" rating to a "market perform" rating in a research note on Wednesday, March 12th. Needham & Company LLC reiterated a "buy" rating and issued a $11.00 price target on shares of Udemy in a research note on Thursday, May 1st. Morgan Stanley decreased their price target on Udemy from $9.00 to $7.00 and set an "underweight" rating for the company in a research note on Wednesday, April 16th. Truist Financial reiterated a "hold" rating and issued a $7.00 price target (down from $10.00) on shares of Udemy in a research note on Monday, April 7th. Finally, Robert W. Baird decreased their price target on Udemy from $13.00 to $11.00 and set an "outperform" rating for the company in a research note on Thursday, May 1st. One analyst has rated the stock with a sell rating, four have assigned a hold rating and seven have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus price target of $9.86.

Udemy Trading Up 0.6%

NASDAQ UDMY traded up $0.04 during trading hours on Tuesday, reaching $7.02. The company's stock had a trading volume of 97,573 shares, compared to its average volume of 977,474. The business has a 50-day simple moving average of $7.08 and a 200 day simple moving average of $7.93. Udemy, Inc. has a 52 week low of $5.68 and a 52 week high of $10.61. The stock has a market cap of $1.04 billion, a PE ratio of -12.32 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 earnings per share (EPS) for the quarter, topping analysts' consensus estimates 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 for the quarter, compared to analysts' expectations of $197.19 million. During the same quarter last year, the company posted $0.03 earnings per share. Udemy's revenue was up 1.8% on a year-over-year basis. As a group, equities analysts predict that Udemy, Inc. will post -0.09 EPS for the current year.

Insider Activity

In other news, Director Heather Hiles sold 14,840 shares of Udemy stock in a transaction that occurred on Wednesday, February 19th. The stock was sold at an average price of $9.81, for a total transaction of $145,580.40. Following the sale, the director now owns 42,667 shares of the company's stock, valued at approximately $418,563.27. The trade was a 25.81% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CEO Hugo Sarrazin purchased 5,432 shares of the business's stock in a transaction dated Thursday, May 15th. The shares were acquired at an average cost of $6.99 per share, for a total transaction of $37,969.68. Following the acquisition, the chief executive officer now owns 8,832 shares of the company's stock, valued at approximately $61,735.68. The trade was a 159.76% increase in their position. The disclosure for this purchase can be found here. Over the last 90 days, insiders have acquired 10,600 shares of company stock valued at $74,076 and have sold 35,686 shares valued at $326,848. Corporate insiders own 2.10% of the company's stock.

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.