Inflection Point Investments LLP Acquires New Holdings in Udemy, Inc. (NASDAQ:UDMY)

Inflection Point Investments LLP bought a new position in Udemy, Inc. (NASDAQ:UDMY - Free Report) in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 1,452,144 shares of the company's stock, valued at approximately $21,390,000. Udemy comprises about 18.5% of Inflection Point Investments LLP's investment portfolio, making the stock its largest position. Inflection Point Investments LLP owned approximately 0.95% of Udemy as of its most recent SEC filing.

Several other large investors have also recently added to or reduced their stakes in UDMY. Vanguard Group Inc. boosted its holdings in shares of Udemy by 19.3% in 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 in the last quarter. Charles Schwab Investment Management Inc. increased its position in shares of Udemy by 3.6% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 689,768 shares of the company's stock valued at $10,160,000 after purchasing an additional 23,652 shares during the period. Federated Hermes Inc. bought a new stake in shares of Udemy in the 4th quarter worth $3,303,000. Allspring Global Investments Holdings LLC acquired a new stake in shares of Udemy in the fourth quarter valued at $3,057,000. Finally, Swiss National Bank boosted its stake in Udemy by 2.0% during the third quarter. Swiss National Bank now owns 145,200 shares of the company's stock valued at $1,379,000 after buying an additional 2,800 shares in the last quarter. 79.48% of the stock is currently owned by institutional investors and hedge funds.

Udemy Price Performance

UDMY traded up $0.05 on Friday, reaching $9.94. 511,527 shares of the company traded hands, compared to its average volume of 907,714. The company has a market cap of $1.52 billion, a price-to-earnings ratio of -18.75 and a beta of 2.12. The stock's 50 day moving average price is $10.43 and its 200-day moving average price is $12.35. Udemy, Inc. has a 52-week low of $8.60 and a 52-week high of $16.01.

Udemy (NASDAQ:UDMY - Get Free Report) last posted its quarterly earnings results on Wednesday, February 14th. The company reported ($0.12) EPS for the quarter, beating the consensus estimate of ($0.16) by $0.04. Udemy had a negative net margin of 10.82% and a negative return on equity of 23.10%. The business had revenue of $189.55 million for the quarter, compared to analysts' expectations of $185.71 million. As a group, equities research analysts forecast that Udemy, Inc. will post -0.45 earnings per share for the current fiscal year.

Insider Activity at Udemy

In other news, Director Eren Bali sold 15,000 shares of the firm's stock in a transaction dated Friday, March 15th. The stock was sold at an average price of $10.97, for a total transaction of $164,550.00. Following the completion of the sale, the director now directly owns 1,676,050 shares of the company's stock, valued at approximately $18,386,268.50. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In other Udemy news, CTO Venu Venugopal sold 7,086 shares of the stock in a transaction on Friday, May 17th. The shares were sold at an average price of $9.89, for a total transaction of $70,080.54. Following the transaction, the chief technology officer now directly owns 429,927 shares of the company's stock, valued at $4,251,978.03. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Eren Bali sold 15,000 shares of the firm's stock in a transaction dated Friday, March 15th. The shares were sold at an average price of $10.97, for a total value 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 disclosure for this sale can be found here. Over the last 90 days, insiders sold 54,067 shares of company stock valued at $584,965. Insiders own 3.20% of the company's stock.

Wall Street Analyst Weigh In

A number of equities research analysts have weighed in on UDMY shares. JPMorgan Chase & Co. upped their price target on shares of Udemy from $11.00 to $12.00 and gave the company a "neutral" rating in a report on Thursday, February 15th. Robert W. Baird decreased their price target on shares of Udemy from $15.00 to $13.00 and set an "outperform" rating on the stock in a research report on Friday, May 3rd. TheStreet downgraded Udemy from a "c-" rating to a "d+" rating in a research report on Wednesday, March 6th. Jefferies Financial Group reduced their price objective on Udemy from $14.00 to $11.00 and set a "hold" rating for the company in a research note on Monday, April 29th. Finally, Cantor Fitzgerald reaffirmed an "overweight" rating and set a $20.00 target price on shares of Udemy in a report on Friday, May 3rd. Four investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average price target of $13.90.

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.

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