Udemy, Inc. (NASDAQ:UDMY) Stock Holdings Decreased by Greenvale Capital LLP

Greenvale Capital LLP lessened its position in Udemy, Inc. (NASDAQ:UDMY - Free Report) by 42.0% in the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 3,741,394 shares of the company's stock after selling 2,713,675 shares during the quarter. Udemy makes up about 2.3% of Greenvale Capital LLP's holdings, making the stock its 14th biggest holding. Greenvale Capital LLP owned 2.56% of Udemy worth $30,792,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. MetLife Investment Management LLC boosted its position in shares of Udemy by 6.2% in the fourth quarter. MetLife Investment Management LLC now owns 59,465 shares of the company's stock worth $489,000 after buying an additional 3,450 shares during the period. SBI Securities Co. Ltd. acquired a new stake in Udemy during the 4th quarter worth about $31,000. Quarry LP purchased a new position in Udemy during the 4th quarter valued at about $34,000. 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 valued at $297,000 after purchasing an additional 4,418 shares during the period. Finally, Handelsbanken Fonder AB lifted its position in shares of Udemy by 45.2% in 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 in the last quarter. Institutional investors and hedge funds own 79.48% of the company's stock.

Udemy Stock Down 0.1 %

NASDAQ:UDMY opened at $6.76 on Friday. The company's 50 day moving average is $7.32 and its 200-day moving average is $7.98. Udemy, Inc. has a 12 month low of $5.68 and a 12 month high of $10.61. The firm has a market cap of $1.01 billion, a price-to-earnings ratio of -11.86 and a beta of 1.82.

Udemy (NASDAQ:UDMY - Get Free Report) last announced 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. Udemy had a negative net margin of 10.84% and a negative return on equity of 27.93%. The firm had revenue of $200.30 million for the quarter, compared to the consensus estimate of $197.19 million. During the same quarter last year, the firm posted $0.03 EPS. The business's quarterly revenue was up 1.8% on a year-over-year basis. Research analysts predict that Udemy, Inc. will post -0.09 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

UDMY has been the topic of several research reports. Needham & Company LLC reiterated a "buy" rating and issued a $11.00 price objective on shares of Udemy in a research note on Thursday, May 1st. Canaccord Genuity Group dropped their price target on shares of Udemy from $14.00 to $12.00 and set a "buy" rating on the stock in a research note on Thursday, May 1st. William Blair cut Udemy from an "outperform" rating to a "market perform" rating in a research report on Wednesday, March 12th. JPMorgan Chase & Co. dropped their target price on Udemy from $11.00 to $8.00 and set a "neutral" rating on the stock in a research report on Thursday, April 24th. Finally, Truist Financial reiterated a "hold" rating and set a $7.00 price target (down from $10.00) on shares of Udemy in a report on Monday, April 7th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and seven have given a buy rating to the company's stock. Based on data from MarketBeat.com, Udemy presently has an average rating of "Moderate Buy" and a consensus price target of $9.86.

Insiders Place Their Bets

In other Udemy news, CTO Eren Bali sold 69,482 shares of the firm's stock in a transaction that occurred on Friday, February 14th. The stock was sold at an average price of $9.00, for a total value of $625,338.00. Following the completion of the sale, the chief technology officer now owns 2,156,050 shares in the company, valued at approximately $19,404,450. This trade represents a 3.12 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Gregory Scott Brown sold 10,000 shares of Udemy stock in a transaction on Thursday, March 6th. The stock was sold at an average price of $9.43, for a total transaction of $94,300.00. Following the sale, the chief executive officer now owns 1,141,896 shares in the company, valued at $10,768,079.28. This represents a 0.87 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 105,168 shares of company stock valued at $952,186 in the last three months. Company insiders own 3.20% of the company's stock.

Udemy Company 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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