RIA Advisory Group LLC Invests $76,000 in Udemy, Inc. (NASDAQ:UDMY)

RIA Advisory Group LLC purchased a new position in shares of Udemy, Inc. (NASDAQ:UDMY) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 5,188 shares of the company’s stock, valued at approximately $76,000.

Several other institutional investors have also modified their holdings of UDMY. NVP Associates LLC purchased a new stake in shares of Udemy during the 4th quarter worth approximately $65,721,000. Vanguard Group Inc. lifted its stake in Udemy by 19.3% in the 3rd quarter. Vanguard Group Inc. now owns 8,860,490 shares of the company’s stock valued at $84,175,000 after buying an additional 1,433,980 shares in the last quarter. BlackRock Inc. lifted its stake in Udemy by 21.0% in the 2nd quarter. BlackRock Inc. now owns 5,311,357 shares of the company’s stock valued at $56,991,000 after buying an additional 922,437 shares in the last quarter. State Street Corp lifted its stake in Udemy by 330.2% in the 2nd quarter. State Street Corp now owns 1,082,769 shares of the company’s stock valued at $11,055,000 after buying an additional 831,108 shares in the last quarter. Finally, Goldman Sachs Group Inc. lifted its stake in Udemy by 958.1% in the 2nd quarter. Goldman Sachs Group Inc. now owns 586,304 shares of the company’s stock valued at $5,986,000 after buying an additional 530,893 shares in the last quarter. Hedge funds and other institutional investors own 79.48% of the company’s stock.

Insider Transactions at Udemy

In other news, Director Eren Bali sold 15,000 shares of the company’s stock in a transaction on Friday, March 15th. The stock was sold at an average price of $10.97, for a total transaction of $164,550.00. Following the completion of the sale, the director now directly owns 1,676,050 shares in the company, valued at approximately $18,386,268.50. The transaction was disclosed in a legal filing with the SEC, which is available at this link. In related news, Director Eren Bali sold 15,000 shares of the stock in a transaction on Friday, March 15th. The stock was sold at an average price of $10.97, for a total value of $164,550.00. Following the completion of the sale, the director now directly owns 1,676,050 shares in the company, valued at approximately $18,386,268.50. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, CEO Gregory Scott Brown sold 10,000 shares of the stock in a transaction on Wednesday, March 6th. The shares were sold at an average price of $11.04, for a total value of $110,400.00. Following the completion of the sale, the chief executive officer now owns 1,163,328 shares of the company’s stock, valued at $12,843,141.12. The disclosure for this sale can be found here. Insiders sold a total of 50,981 shares of company stock worth $570,044 in the last ninety days. Insiders own 6.20% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently issued reports on the company. Morgan Stanley reduced their target price on Udemy from $15.00 to $13.00 and set an “equal weight” rating on the stock in a research note on Friday. Truist Financial upped their target price on Udemy from $13.00 to $15.00 and gave the company a “buy” rating in a research note on Monday, January 22nd. KeyCorp upped their target price on Udemy from $13.00 to $15.00 and gave the company an “overweight” rating in a research note on Friday, January 12th. Cantor Fitzgerald reiterated an “overweight” rating and issued a $20.00 price target on shares of Udemy in a report on Thursday, February 15th. Finally, JPMorgan Chase & Co. boosted their price target on Udemy from $11.00 to $12.00 and gave the company a “neutral” rating in a report on Thursday, February 15th. Three analysts have rated the stock with a hold rating and six have given a buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $14.78.

Udemy Stock Down 0.9 %

UDMY stock opened at $9.92 on Friday. The company has a market cap of $1.52 billion, a price-to-earnings ratio of -13.78 and a beta of 2.14. The business has a fifty day simple moving average of $11.08 and a 200-day simple moving average of $12.26. Udemy, Inc. has a 52 week low of $8.17 and a 52 week high of $16.01.

Udemy (NASDAQ:UDMY) last released its quarterly earnings data on Wednesday, February 14th. The company reported ($0.12) EPS for the quarter, topping analysts’ consensus estimates of ($0.16) by $0.04. The business had revenue of $189.55 million during the quarter, compared to the consensus estimate of $185.71 million. Udemy had a negative return on equity of 27.31% and a negative net margin of 14.72%. As a group, analysts expect that Udemy, Inc. will post -0.47 earnings per share for the current fiscal year.

Udemy 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.