Udemy, Inc. (NASDAQ:UDMY) Shares Acquired by Vanguard Group Inc.

Vanguard Group Inc. raised its holdings in shares of Udemy, Inc. (NASDAQ:UDMY - Free Report) by 19.3% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 8,860,490 shares of the company's stock after purchasing an additional 1,433,980 shares during the quarter. Vanguard Group Inc. owned 5.78% of Udemy worth $84,175,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. Venturi Wealth Management LLC bought a new stake in shares of Udemy in the third quarter valued at about $29,000. Lazard Asset Management LLC bought a new stake in shares of Udemy in the first quarter valued at about $46,000. Tower Research Capital LLC TRC raised its holdings in shares of Udemy by 58.8% in the second quarter. Tower Research Capital LLC TRC now owns 4,545 shares of the company's stock valued at $49,000 after acquiring an additional 1,683 shares in the last quarter. Quantbot Technologies LP bought a new stake in shares of Udemy in the second quarter valued at about $58,000. Finally, Royal Bank of Canada raised its holdings in shares of Udemy by 1,347.9% in the third quarter. Royal Bank of Canada now owns 5,922 shares of the company's stock valued at $71,000 after acquiring an additional 5,513 shares in the last quarter. 79.48% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several research firms have issued reports on UDMY. Needham & Company LLC reiterated a "buy" rating and issued a $15.00 target price on shares of Udemy in a research note on Thursday. Cantor Fitzgerald reiterated an "overweight" rating and issued a $20.00 target price on shares of Udemy in a research note on Thursday, February 15th. Robert W. Baird lifted their target price on Udemy from $15.00 to $17.00 and gave the company an "outperform" rating in a research note on Thursday, February 15th. Piper Sandler reiterated a "neutral" rating and issued a $13.00 target price on shares of Udemy in a research note on Thursday, February 15th. Finally, TheStreet lowered Udemy from a "c-" rating to a "d+" rating in a research note on Wednesday, March 6th. Three research analysts have rated the stock with a hold rating and six have given a buy rating to the company's stock. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $15.00.

Insider Transactions at Udemy

In other news, CTO Venu Venugopal sold 4,000 shares of the company's stock in a transaction dated Thursday, February 1st. The stock was sold at an average price of $13.79, for a total value of $55,160.00. Following the sale, the chief technology officer now owns 352,013 shares in the company, valued at $4,854,259.27. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In other news, Director Eren Bali sold 15,000 shares of the company's stock in a transaction dated Monday, April 1st. The stock was sold at an average price of $10.96, for a total value of $164,400.00. Following the sale, the director now owns 1,661,050 shares in the company, valued at $18,205,108. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CTO Venu Venugopal sold 4,000 shares of the company's stock in a transaction dated Thursday, February 1st. The stock was sold at an average price of $13.79, for a total value of $55,160.00. Following the completion of the transaction, the chief technology officer now directly owns 352,013 shares of the company's stock, valued at approximately $4,854,259.27. The disclosure for this sale can be found here. Insiders have sold 50,981 shares of company stock worth $570,044 over the last quarter. 6.20% of the stock is currently owned by insiders.

Udemy Price Performance

Udemy stock traded up $0.01 during trading hours on Friday, hitting $10.49. 759,781 shares of the stock traded hands, compared to its average volume of 731,319. The firm's 50 day moving average price is $11.76 and its 200-day moving average price is $12.22. The stock has a market capitalization of $1.66 billion, a price-to-earnings ratio of -14.57 and a beta of 2.14. Udemy, Inc. has a 1 year low of $8.17 and a 1 year high of $16.01.

Udemy (NASDAQ:UDMY - Get Free Report) last issued its earnings results on Wednesday, February 14th. The company reported ($0.12) EPS for the quarter, topping analysts' consensus estimates of ($0.16) by $0.04. Udemy had a negative return on equity of 27.31% and a negative net margin of 14.72%. The firm had revenue of $189.55 million for the quarter, compared to the consensus estimate of $185.71 million. Research analysts forecast that Udemy, Inc. will post -0.47 earnings per share for the current fiscal year.

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.