Trexquant Investment LP Acquires New Position in Udemy, Inc. (NASDAQ:UDMY)

Trexquant Investment LP acquired a new position in Udemy, Inc. (NASDAQ:UDMY - Free Report) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 177,792 shares of the company's stock, valued at approximately $2,619,000. Trexquant Investment LP owned approximately 0.12% of Udemy as of its most recent SEC filing.

A number of other large investors also recently bought and sold shares of UDMY. Zurcher Kantonalbank Zurich Cantonalbank grew its holdings 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 purchasing an additional 2,880 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. grew its holdings in Udemy by 37.2% in the third quarter. Mirae Asset Global Investments Co. Ltd. now owns 51,781 shares of the company's stock worth $492,000 after purchasing an additional 14,034 shares during the last quarter. Versor Investments LP purchased a new position in Udemy in the third quarter worth $230,000. Jump Financial LLC purchased a new position in Udemy in the third quarter worth $250,000. Finally, New York State Common Retirement Fund grew its holdings in Udemy by 22.5% in the third quarter. New York State Common Retirement Fund now owns 75,912 shares of the company's stock worth $721,000 after purchasing an additional 13,958 shares during the last quarter. Institutional investors own 79.48% of the company's stock.

Insiders Place Their Bets

In other Udemy news, CEO Gregory Scott Brown sold 10,000 shares of the company's stock in a transaction dated Wednesday, March 6th. The shares were sold at an average price of $11.04, for a total value of $110,400.00. Following the completion of the transaction, the chief executive officer now owns 1,163,328 shares in the company, valued at $12,843,141.12. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. In related news, CFO Sarah Blanchard sold 45,000 shares of the company's stock in a transaction dated Wednesday, May 22nd. The shares were sold at an average price of $9.53, for a total transaction of $428,850.00. Following the completion of the transaction, the chief financial officer now owns 1,096,663 shares in the company, valued at approximately $10,451,198.39. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, CEO Gregory Scott Brown sold 10,000 shares of the company's stock in a transaction dated Wednesday, March 6th. The stock was sold at an average price of $11.04, for a total transaction of $110,400.00. Following the transaction, 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 quarter, insiders sold 92,086 shares of company stock worth $938,281. Company insiders own 3.20% of the company's stock.

Udemy Stock Performance

NASDAQ UDMY traded up $0.12 on Friday, reaching $9.29. 785,766 shares of the company's stock traded hands, compared to its average volume of 946,433. The firm has a market cap of $1.42 billion, a price-to-earnings ratio of -17.53 and a beta of 2.12. The stock has a 50 day moving average price of $10.28 and a 200-day moving average price of $12.32. Udemy, Inc. has a fifty-two week low of $8.60 and a fifty-two week high of $16.01.

Udemy (NASDAQ:UDMY - Get Free Report) last issued its quarterly earnings data on Thursday, May 2nd. The company reported ($0.11) earnings per share for the quarter, topping analysts' consensus estimates of ($0.13) by $0.02. The business had revenue of $196.85 million during the quarter, compared to the consensus estimate of $194.83 million. Udemy had a negative net margin of 10.82% and a negative return on equity of 23.10%. As a group, equities research analysts anticipate that Udemy, Inc. will post -0.45 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

UDMY has been the topic of a number of research analyst reports. KeyCorp dropped their price objective on shares of Udemy from $15.00 to $14.00 and set an "overweight" rating on the stock in a report on Friday, May 3rd. Needham & Company LLC reissued a "buy" rating and set a $15.00 price objective on shares of Udemy in a report on Friday, May 3rd. JPMorgan Chase & Co. boosted their price objective on shares of Udemy from $11.00 to $12.00 and gave the company a "neutral" rating in a report on Thursday, February 15th. Piper Sandler reissued a "neutral" rating and set a $13.00 price objective on shares of Udemy in a report on Thursday, February 15th. Finally, Morgan Stanley dropped their price objective on shares of Udemy from $15.00 to $13.00 and set an "equal weight" rating on the stock in a report on Friday, April 19th. Four equities research analysts have rated the stock with a hold rating and six have given a buy rating to the company's stock. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus target price 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.