Dynamic Technology Lab Private Ltd Takes Position in Udemy, Inc. $UDMY

Dynamic Technology Lab Private Ltd purchased a new position in Udemy, Inc. (NASDAQ:UDMY) during the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm purchased 43,258 shares of the company’s stock, valued at approximately $305,000.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the stock. New York State Teachers Retirement System acquired a new stake in Udemy in the second quarter worth $58,000. Hsbc Holdings PLC bought a new position in shares of Udemy during the first quarter worth about $82,000. CWM LLC increased its holdings in shares of Udemy by 1,189.4% in the 1st quarter. CWM LLC now owns 13,371 shares of the company’s stock worth $104,000 after acquiring an additional 12,334 shares during the period. 111 Capital increased its holdings in shares of Udemy by 27.6% in the 2nd quarter. 111 Capital now owns 17,098 shares of the company’s stock worth $120,000 after acquiring an additional 3,702 shares during the period. Finally, VIRGINIA RETIREMENT SYSTEMS ET Al bought a new stake in Udemy in the 2nd quarter valued at about $126,000. Institutional investors and hedge funds own 79.48% of the company’s stock.

Analyst Ratings Changes

Several research analysts have commented on UDMY shares. Cantor Fitzgerald upped their target price on shares of Udemy from $9.00 to $10.00 and gave the stock an “overweight” rating in a research report on Thursday, July 31st. Weiss Ratings reissued a “sell (e+)” rating on shares of Udemy in a report on Wednesday, October 8th. Needham & Company LLC reaffirmed a “buy” rating and set a $11.00 target price on shares of Udemy in a research note on Thursday, October 30th. KeyCorp reduced their price target on Udemy from $11.00 to $9.00 and set an “overweight” rating for the company in a research report on Thursday, October 30th. Finally, Canaccord Genuity Group reissued a “buy” rating and set a $12.00 price target on shares of Udemy in a report on Thursday, October 30th. One investment analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating, four have issued a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $9.67.

Insider Activity at Udemy

In related news, CFO Sarah Blanchard sold 25,000 shares of the stock in a transaction that occurred on Monday, September 15th. The shares were sold at an average price of $7.08, for a total transaction of $177,000.00. Following the completion of the sale, the chief financial officer directly owned 1,287,953 shares of the company’s stock, valued at $9,118,707.24. This represents a 1.90% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 3.20% of the stock is owned by insiders.

Udemy Stock Performance

UDMY opened at $5.06 on Wednesday. The company has a market capitalization of $740.68 million, a PE ratio of -168.61 and a beta of 1.74. The stock’s fifty day moving average is $6.24 and its 200-day moving average is $6.76. Udemy, Inc. has a one year low of $4.86 and a one year high of $10.61.

Udemy (NASDAQ:UDMY) last released its earnings results on Wednesday, October 29th. The company reported $0.13 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.10 by $0.03. Udemy had a positive return on equity of 2.11% and a negative net margin of 0.47%.The firm had revenue of $195.68 million for the quarter, compared to analyst estimates of $193.09 million. During the same period in the previous year, the company earned $0.07 earnings per share. Udemy’s revenue was up .1% compared to the same quarter last year. Udemy has set its FY 2025 guidance at EPS. Q4 2025 guidance at EPS. On average, equities research analysts forecast that Udemy, Inc. will post -0.09 EPS for the current fiscal year.

Udemy declared that its board has initiated a stock buyback plan on Wednesday, September 10th that authorizes the company to repurchase $50.00 million in outstanding shares. This repurchase authorization authorizes the company to reacquire up to 5% of its shares through open market purchases. Shares repurchase plans are usually a sign that the company’s board believes its shares are undervalued.

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.