AlpInvest Partners B.V. Purchases Shares of 102,766 Udemy, Inc. (NASDAQ:UDMY)

AlpInvest Partners B.V. purchased a new stake in Udemy, Inc. (NASDAQ:UDMY - Free Report) during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 102,766 shares of the company's stock, valued at approximately $1,514,000. Udemy accounts for 0.3% of AlpInvest Partners B.V.'s investment portfolio, making the stock its 18th biggest holding. AlpInvest Partners B.V. owned about 0.07% of Udemy as of its most recent filing with the Securities & Exchange Commission.

Several other large investors also recently made changes to their positions in the company. Vanguard Group Inc. increased its stake in shares of Udemy by 19.3% during the third quarter. Vanguard Group Inc. now owns 8,860,490 shares of the company's stock valued at $84,175,000 after acquiring an additional 1,433,980 shares during the period. Charles Schwab Investment Management Inc. grew its position in Udemy by 21.5% in the third quarter. Charles Schwab Investment Management Inc. now owns 666,116 shares of the company's stock worth $6,328,000 after buying an additional 117,846 shares during the last quarter. SG Americas Securities LLC grew its position in Udemy by 317.5% in the fourth quarter. SG Americas Securities LLC now owns 41,883 shares of the company's stock worth $617,000 after buying an additional 31,850 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank grew its position in Udemy by 28.0% in the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 13,171 shares of the company's stock worth $125,000 after buying an additional 2,880 shares during the last quarter. Finally, Algert Global LLC acquired a new position in Udemy in the 3rd quarter worth approximately $484,000. Institutional investors and hedge funds own 79.48% of the company's stock.

Udemy Trading Down 1.2 %

UDMY traded down $0.12 during trading on Monday, reaching $9.89. 689,612 shares of the company's stock were exchanged, compared to its average volume of 929,804. Udemy, Inc. has a one year low of $8.17 and a one year high of $16.01. The stock has a market capitalization of $1.52 billion, a PE ratio of -13.74 and a beta of 2.14. The firm has a fifty day moving average price of $11.32 and a two-hundred day moving average price of $12.29.

Udemy (NASDAQ:UDMY - Get Free Report) last posted its quarterly earnings data on Wednesday, February 14th. The company reported ($0.12) EPS for the quarter, beating analysts' consensus estimates of ($0.16) by $0.04. Udemy had a negative net margin of 14.72% and a negative return on equity of 27.31%. The company had revenue of $189.55 million for the quarter, compared to analyst estimates of $185.71 million. Sell-side analysts expect that Udemy, Inc. will post -0.47 earnings per share for the current year.

Analysts Set New Price Targets

UDMY has been the subject of a number of recent analyst reports. KeyCorp raised their price objective on shares of Udemy from $13.00 to $15.00 and gave the stock an "overweight" rating in a research note on Friday, January 12th. Robert W. Baird lifted their target price on shares of Udemy from $15.00 to $17.00 and gave the stock an "outperform" rating in a report on Thursday, February 15th. JPMorgan Chase & Co. lifted their target price on shares of Udemy from $11.00 to $12.00 and gave the stock a "neutral" rating in a report on Thursday, February 15th. Cantor Fitzgerald reiterated an "overweight" rating and issued a $20.00 target price on shares of Udemy in a report on Thursday, February 15th. Finally, Truist Financial lifted their target price on shares of Udemy from $13.00 to $15.00 and gave the stock a "buy" rating in a report on Monday, January 22nd. Three research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average target price of $15.00.

Insiders Place Their Bets

In other Udemy news, Director Eren Bali sold 15,000 shares of the company's stock in a transaction on Friday, March 15th. The shares were sold at an average price of $10.97, for a total transaction of $164,550.00. Following the transaction, the director now owns 1,676,050 shares in the company, valued at $18,386,268.50. The transaction was disclosed in a filing with the SEC, which is accessible through this link. In other news, Director Eren Bali sold 15,000 shares of the company's stock in a transaction on Friday, March 15th. The shares were sold at an average price of $10.97, for a total value of $164,550.00. Following the completion of the sale, the director now owns 1,676,050 shares in the company, valued at approximately $18,386,268.50. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CEO Gregory Scott Brown sold 10,000 shares of the company's stock in a transaction on Wednesday, March 6th. The stock was sold at an average price of $11.04, for a total transaction of $110,400.00. Following the completion of the sale, the chief executive officer now owns 1,163,328 shares of the company's stock, valued at approximately $12,843,141.12. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 50,981 shares of company stock worth $570,044. Insiders own 6.20% of the company's stock.

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.

Want to see what other hedge funds are holding UDMY? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Udemy, Inc. (NASDAQ:UDMY - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.