Fox Run Management L.L.C. Buys Shares of 40,674 Udemy, Inc. $UDMY

Fox Run Management L.L.C. bought a new position in shares of Udemy, Inc. (NASDAQ:UDMY) in the 2nd quarter, according to its most recent 13F filing with the SEC. The fund bought 40,674 shares of the company’s stock, valued at approximately $286,000.

A number of other institutional investors and hedge funds also recently modified their holdings of the stock. New York State Teachers Retirement System bought a new position in Udemy during the 2nd quarter worth approximately $58,000. Hsbc Holdings PLC acquired a new stake in Udemy in the first quarter worth $82,000. Teacher Retirement System of Texas bought a new position in shares of Udemy during the first quarter worth $97,000. CWM LLC grew 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 valued at $104,000 after buying an additional 12,334 shares during the period. Finally, 111 Capital grew 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 valued at $120,000 after buying an additional 3,702 shares during the period. 79.48% of the stock is owned by institutional investors.

Insiders Place Their Bets

In other Udemy news, CFO Sarah Blanchard sold 25,000 shares of the firm’s 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 transaction, the chief financial officer owned 1,287,953 shares in the company, valued at approximately $9,118,707.24. This trade represents a 1.90% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Corporate insiders own 2.10% of the company’s stock.

Udemy Stock Down 1.9%

Shares of NASDAQ:UDMY opened at $5.21 on Friday. The firm has a market cap of $762.62 million, a P/E ratio of -173.61 and a beta of 1.74. Udemy, Inc. has a 12-month low of $5.04 and a 12-month high of $10.61. The business has a fifty day simple moving average of $6.55 and a 200 day simple moving average of $6.85.

Udemy (NASDAQ:UDMY) last issued its quarterly earnings results on Wednesday, October 29th. The company reported $0.13 earnings per share for the quarter, beating the consensus estimate 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 company had revenue of $195.68 million during the quarter, compared to analysts’ expectations of $193.09 million. During the same quarter in the prior year, the firm posted $0.07 earnings per share. The business’s quarterly revenue was up .1% on a year-over-year basis. Udemy has set its FY 2025 guidance at EPS. Q4 2025 guidance at EPS. As a group, equities research analysts expect that Udemy, Inc. will post -0.09 EPS for the current year.

Udemy announced that its board has authorized a stock buyback program on Wednesday, September 10th that permits the company to buyback $50.00 million in shares. This buyback authorization permits the company to repurchase up to 5% of its stock through open market purchases. Stock buyback programs are usually an indication that the company’s leadership believes its stock is undervalued.

Analyst Upgrades and Downgrades

UDMY has been the topic of several recent analyst reports. Needham & Company LLC reiterated a “buy” rating and set a $11.00 target price on shares of Udemy in a report on Thursday, October 30th. KeyCorp lowered their target price on Udemy from $11.00 to $9.00 and set an “overweight” rating for the company in a research note on Thursday, October 30th. Canaccord Genuity Group restated a “buy” rating and issued a $12.00 price target on shares of Udemy in a research note on Thursday, October 30th. Zacks Research upgraded shares of Udemy from a “hold” rating to a “strong-buy” rating in a research report on Thursday, October 30th. Finally, Weiss Ratings restated a “sell (e+)” rating on shares of Udemy in a research report on Wednesday, October 8th. One analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating, four have given a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $9.67.

About Udemy

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.