Udemy, Inc. $UDMY Stock Position Lifted by Y Intercept Hong Kong Ltd

Y Intercept Hong Kong Ltd lifted its holdings in Udemy, Inc. (NASDAQ:UDMY) by 203.7% in the 2nd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 344,388 shares of the company’s stock after purchasing an additional 230,994 shares during the quarter. Y Intercept Hong Kong Ltd owned 0.23% of Udemy worth $2,421,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently modified their holdings of the business. Vanguard Group Inc. grew its stake in shares of Udemy by 12.2% in the first quarter. Vanguard Group Inc. now owns 10,663,298 shares of the company’s stock worth $82,747,000 after purchasing an additional 1,156,006 shares in the last quarter. Federated Hermes Inc. grew its stake in shares of Udemy by 0.6% in the first quarter. Federated Hermes Inc. now owns 1,380,278 shares of the company’s stock worth $10,711,000 after purchasing an additional 7,685 shares in the last quarter. Millennium Management LLC grew its stake in shares of Udemy by 5.0% in the first quarter. Millennium Management LLC now owns 753,782 shares of the company’s stock worth $5,849,000 after purchasing an additional 35,577 shares in the last quarter. Goldman Sachs Group Inc. grew its stake in shares of Udemy by 45.2% in the first quarter. Goldman Sachs Group Inc. now owns 658,603 shares of the company’s stock worth $5,111,000 after purchasing an additional 205,104 shares in the last quarter. Finally, Cubist Systematic Strategies LLC grew its stake in shares of Udemy by 96.6% in the first quarter. Cubist Systematic Strategies LLC now owns 502,228 shares of the company’s stock worth $3,897,000 after purchasing an additional 246,767 shares in the last quarter. Institutional investors own 79.48% of the company’s stock.

Analyst Ratings Changes

A number of analysts have recently commented on UDMY shares. Cantor Fitzgerald boosted their price objective on Udemy from $9.00 to $10.00 and gave the stock an “overweight” rating in a research note on Thursday, July 31st. Wall Street Zen raised Udemy from a “buy” rating to a “strong-buy” rating in a research note on Saturday, August 2nd. Weiss Ratings reissued a “sell (e+)” rating on shares of Udemy in a research note on Wednesday, October 8th. KeyCorp dropped their price objective on Udemy from $11.00 to $9.00 and set an “overweight” rating on the stock in a research note on Thursday. Finally, Canaccord Genuity Group reissued a “buy” rating and issued a $12.00 price objective on shares of Udemy in a research note on Thursday. Six analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $9.67.

Udemy Stock Down 11.8%

Shares of Udemy stock opened at $5.63 on Friday. The stock’s fifty day moving average is $6.86 and its 200-day moving average is $6.92. The firm has a market capitalization of $846.41 million, a PE ratio of -187.60 and a beta of 1.76. Udemy, Inc. has a 12-month low of $5.60 and a 12-month high of $10.61.

Udemy (NASDAQ:UDMY) last announced 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. The company had revenue of $195.68 million for the quarter, compared to analyst estimates of $193.09 million. Udemy had a positive return on equity of 2.13% and a negative net margin of 0.47%.Udemy’s revenue for the quarter was up .1% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.07 earnings per share. Udemy has set its FY 2025 guidance at EPS. Q4 2025 guidance at EPS. Analysts expect that Udemy, Inc. will post -0.09 EPS for the current year.

Udemy announced that its Board of Directors has initiated a share repurchase program on Wednesday, September 10th that authorizes the company to buyback $50.00 million in outstanding shares. This buyback authorization authorizes the company to repurchase up to 5% of its shares through open market purchases. Shares buyback programs are typically a sign that the company’s leadership believes its shares are undervalued.

Insider Activity

In other news, CFO Sarah Blanchard sold 25,000 shares of the business’s stock in a transaction on Monday, September 15th. The stock was sold at an average price of $7.08, for a total transaction of $177,000.00. Following the sale, the chief financial officer directly owned 1,287,953 shares of the company’s stock, valued at $9,118,707.24. The trade was a 1.90% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 2.10% of the stock is owned by company insiders.

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.