Pacer Advisors Inc. Takes Position in Udemy, Inc. $UDMY

Pacer Advisors Inc. acquired a new position in shares of Udemy, Inc. (NASDAQ:UDMY) in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 458,592 shares of the company’s stock, valued at approximately $2,683,000.

A number of other institutional investors have also recently bought and sold shares of the company. Focus Partners Wealth raised its position in Udemy by 1.9% during the first quarter. Focus Partners Wealth now owns 79,437 shares of the company’s stock valued at $616,000 after acquiring an additional 1,468 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its position in Udemy by 4.6% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 54,071 shares of the company’s stock worth $420,000 after acquiring an additional 2,399 shares in the last quarter. The Manufacturers Life Insurance Company increased its stake in shares of Udemy by 5.4% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 50,299 shares of the company’s stock worth $354,000 after purchasing an additional 2,597 shares during the last quarter. Stoneridge Investment Partners LLC increased its stake in shares of Udemy by 8.6% during the 3rd quarter. Stoneridge Investment Partners LLC now owns 44,447 shares of the company’s stock worth $312,000 after purchasing an additional 3,535 shares during the last quarter. Finally, Harbor Capital Advisors Inc. raised its holdings in shares of Udemy by 15.4% during the 4th quarter. Harbor Capital Advisors Inc. now owns 28,671 shares of the company’s stock valued at $168,000 after purchasing an additional 3,828 shares in the last quarter. Institutional investors and hedge funds own 79.48% of the company’s stock.

Insider Activity

In other Udemy news, CFO Sarah Blanchard sold 25,000 shares of Udemy stock in a transaction on Friday, March 13th. The stock was sold at an average price of $4.78, for a total transaction of $119,500.00. Following the completion of the transaction, the chief financial officer directly owned 1,455,763 shares of the company’s stock, valued at approximately $6,958,547.14. This trade represents a 1.69% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 3.20% of the company’s stock.

Analyst Upgrades and Downgrades

UDMY has been the subject of several recent analyst reports. Canaccord Genuity Group set a $5.00 price target on Udemy in a research note on Monday, February 9th. Weiss Ratings lowered Udemy from a “sell (d)” rating to a “sell (e+)” rating in a report on Monday. Two analysts have rated the stock with a Buy rating, four have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $8.80.

Udemy Stock Performance

UDMY opened at $4.63 on Friday. The stock’s 50 day simple moving average is $4.74 and its 200-day simple moving average is $5.08. The stock has a market cap of $675.68 million, a PE ratio of 231.62 and a beta of 1.59. Udemy, Inc. has a 1 year low of $4.02 and a 1 year high of $8.09.

Udemy Profile

Udemy, Inc (NASDAQ: UDMY) operates a leading online learning marketplace that connects learners and instructors across a wide range of subject areas. The company’s platform hosts thousands of self-paced video courses covering technology, business, personal development, creative arts and more. Individual learners can purchase courses on demand, while instructors receive revenue share for teaching content to a global audience.

In addition to its consumer-facing marketplace, Udemy provides enterprise learning solutions under the Udemy for Business brand.