Susquehanna Fundamental Investments LLC Purchases Shares of 132,061 Udemy, Inc. (NASDAQ:UDMY)

Susquehanna Fundamental Investments LLC bought a new stake in shares of Udemy, Inc. (NASDAQ:UDMY - Free Report) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 132,061 shares of the company's stock, valued at approximately $1,087,000. Susquehanna Fundamental Investments LLC owned 0.09% of Udemy at the end of the most recent reporting period.

Several other hedge funds also recently made changes to their positions in the stock. MetLife Investment Management LLC lifted its stake in Udemy by 6.2% in the 4th 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 in the last quarter. SBI Securities Co. Ltd. purchased a new position in Udemy in the 4th quarter worth approximately $31,000. Price T Rowe Associates Inc. MD increased its holdings in shares of Udemy by 14.0% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 36,064 shares of the company's stock worth $297,000 after buying an additional 4,418 shares during the last quarter. Handelsbanken Fonder AB lifted its holdings in shares of Udemy by 45.2% during the 4th quarter. Handelsbanken Fonder AB now owns 15,100 shares of the company's stock worth $124,000 after acquiring an additional 4,700 shares during the last quarter. Finally, SG Americas Securities LLC raised its position in Udemy by 22.2% during the fourth quarter. SG Americas Securities LLC now owns 29,674 shares of the company's stock valued at $244,000 after purchasing an additional 5,384 shares in the last quarter. 79.48% of the stock is currently owned by hedge funds and other institutional investors.

Udemy Stock Up 2.0 %

Shares of UDMY stock traded up $0.13 during trading hours on Tuesday, hitting $6.44. 403,333 shares of the company's stock traded hands, compared to its average volume of 972,336. The stock has a market cap of $957.08 million, a price-to-earnings ratio of -11.29 and a beta of 1.82. The stock's fifty day simple moving average is $7.56 and its two-hundred day simple moving average is $8.02. 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 quarterly earnings results on Wednesday, April 30th. The company reported $0.12 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.10 by $0.02. The firm had revenue of $200.30 million during the quarter, compared to analyst estimates of $197.19 million. Udemy had a negative return on equity of 27.93% and a negative net margin of 10.84%. Udemy's quarterly revenue was up 1.8% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.03 EPS. On average, equities analysts forecast that Udemy, Inc. will post -0.09 earnings per share for the current fiscal year.

Insider Activity at Udemy

In related news, CTO Eren Bali sold 69,482 shares of the business's stock in a transaction that occurred on Friday, February 14th. The shares were sold at an average price of $9.00, for a total transaction of $625,338.00. Following the completion of the sale, the chief technology officer now directly owns 2,156,050 shares in the company, valued at approximately $19,404,450. The trade was a 3.12 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Heather Hiles sold 14,840 shares of the business's stock in a transaction on Wednesday, February 19th. The shares were sold at an average price of $9.81, for a total transaction of $145,580.40. Following the sale, the director now directly owns 42,667 shares of the company's stock, valued at approximately $418,563.27. The trade was a 25.81 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 105,168 shares of company stock valued at $952,186 over the last ninety days. Insiders own 3.20% of the company's stock.

Analysts Set New Price Targets

Several research firms have issued reports on UDMY. Morgan Stanley cut their price target on shares of Udemy from $9.00 to $7.00 and set an "underweight" rating for the company in a research report on Wednesday, April 16th. William Blair cut shares of Udemy from an "outperform" rating to a "market perform" rating in a report on Wednesday, March 12th. JPMorgan Chase & Co. lowered their price target on shares of Udemy from $11.00 to $8.00 and set a "neutral" rating for the company in a report on Thursday, April 24th. Truist Financial reaffirmed a "hold" rating and set a $7.00 price objective (down from $10.00) on shares of Udemy in a research note on Monday, April 7th. Finally, Robert W. Baird lowered their price target on Udemy from $13.00 to $11.00 and set an "outperform" rating for the company in a research report on Thursday, May 1st. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and seven have issued a buy rating to the stock. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average target price of $9.86.

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.