Stifel Financial Corp Takes $294,000 Position in Udemy, Inc. (NASDAQ:UDMY)

Stifel Financial Corp bought a new stake in Udemy, Inc. (NASDAQ:UDMY - Free Report) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 35,725 shares of the company's stock, valued at approximately $294,000.

Other hedge funds have also recently added to or reduced their stakes in the company. MetLife Investment Management LLC lifted its holdings in shares of Udemy by 6.2% during the fourth quarter. MetLife Investment Management LLC now owns 59,465 shares of the company's stock worth $489,000 after purchasing an additional 3,450 shares during the period. SBI Securities Co. Ltd. acquired a new position in shares of Udemy during the fourth quarter worth $31,000. Handelsbanken Fonder AB lifted its holdings in shares of Udemy by 45.2% during the fourth quarter. Handelsbanken Fonder AB now owns 15,100 shares of the company's stock worth $124,000 after purchasing an additional 4,700 shares during the period. SG Americas Securities LLC lifted its holdings in shares of Udemy by 22.2% during 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 during the period. Finally, Barclays PLC lifted its holdings in shares of Udemy by 3.8% during the fourth quarter. Barclays PLC now owns 161,677 shares of the company's stock worth $1,330,000 after purchasing an additional 5,958 shares during the period. Institutional investors and hedge funds own 79.48% of the company's stock.

Insider Transactions at Udemy

In other Udemy news, CTO Eren Bali sold 10,000 shares of the company's stock in a transaction dated Friday, March 14th. The shares were sold at an average price of $8.02, for a total value of $80,200.00. Following the completion of the sale, the chief technology officer now directly owns 2,146,050 shares of the company's stock, valued at approximately $17,211,321. This represents a 0.46% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Heather Hiles sold 14,840 shares of the company's stock in a transaction dated Wednesday, February 19th. The stock was sold at an average price of $9.81, for a total transaction of $145,580.40. Following the completion of the sale, the director now directly owns 42,667 shares of the company's stock, valued at $418,563.27. The trade was a 25.81% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 35,686 shares of company stock valued at $326,848 over the last three months. Corporate insiders own 2.10% of the company's stock.

Analysts Set New Price Targets

A number of equities analysts have recently commented on UDMY shares. Cantor Fitzgerald cut their price target on shares of Udemy from $11.00 to $9.00 and set an "overweight" rating on the stock in a report on Thursday, May 1st. JPMorgan Chase & Co. cut their price target on shares of Udemy from $11.00 to $8.00 and set a "neutral" rating on the stock in a report on Thursday, April 24th. Robert W. Baird lowered their target price on shares of Udemy from $13.00 to $11.00 and set an "outperform" rating for the company in a research note on Thursday, May 1st. Truist Financial reissued a "hold" rating and set a $7.00 target price (down previously from $10.00) on shares of Udemy in a research note on Monday, April 7th. Finally, Needham & Company LLC reissued a "buy" rating and set a $11.00 target price on shares of Udemy in a research note on Thursday, May 1st. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and seven have assigned a buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus price target of $9.86.

Udemy Price Performance

Shares of NASDAQ:UDMY traded down $0.05 during midday trading on Friday, hitting $7.07. 736,826 shares of the company's stock were exchanged, compared to its average volume of 981,768. The stock has a 50 day moving average price of $7.10 and a 200-day moving average price of $7.94. The company has a market cap of $1.05 billion, a PE ratio of -12.40 and a beta of 1.82. Udemy, Inc. has a 12 month low of $5.68 and a 12 month high of $10.61.

Udemy (NASDAQ:UDMY - Get Free Report) last posted its earnings results on Wednesday, April 30th. The company reported $0.12 EPS for the quarter, topping the consensus estimate of $0.10 by $0.02. The company had revenue of $200.30 million during the quarter, compared to the consensus estimate of $197.19 million. Udemy had a negative net margin of 10.84% and a negative return on equity of 27.93%. The firm's revenue for the quarter was up 1.8% on a year-over-year basis. During the same period in the previous year, the firm posted $0.03 earnings per share. On average, analysts anticipate that Udemy, Inc. will post -0.09 EPS for the current fiscal year.

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.