63,712 Shares in Udemy, Inc. (NASDAQ:UDMY) Acquired by Quadrature Capital Ltd

Quadrature Capital Ltd bought a new position in shares of Udemy, Inc. (NASDAQ:UDMY) in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm bought 63,712 shares of the company’s stock, valued at approximately $939,000.

Other hedge funds and other institutional investors have also modified their holdings of the company. Daiwa Securities Group Inc. increased its holdings in Udemy by 261.1% during the 4th quarter. Daiwa Securities Group Inc. now owns 4,730 shares of the company’s stock valued at $70,000 after purchasing an additional 3,420 shares in the last quarter. RIA Advisory Group LLC acquired a new stake in Udemy during the 4th quarter valued at $76,000. AXQ Capital LP acquired a new stake in Udemy during the 3rd quarter valued at $160,000. Corton Capital Inc. acquired a new stake in Udemy during the 3rd quarter valued at $171,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank increased its holdings in Udemy by 5.6% during the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 13,903 shares of the company’s stock valued at $205,000 after purchasing an additional 732 shares in the last quarter. Institutional investors own 79.48% of the company’s stock.

Wall Street Analyst Weigh In

UDMY has been the subject of several research reports. Jefferies Financial Group lowered their target price on Udemy from $14.00 to $11.00 and set a “hold” rating for the company in a research note on Monday, April 29th. Morgan Stanley lowered their target price on Udemy from $15.00 to $13.00 and set an “equal weight” rating for the company in a research note on Friday, April 19th. KeyCorp lowered their target price on Udemy from $15.00 to $14.00 and set an “overweight” rating for the company in a research note on Friday, May 3rd. Robert W. Baird lowered their target price on Udemy from $15.00 to $13.00 and set an “outperform” rating for the company in a research note on Friday, May 3rd. Finally, Cantor Fitzgerald reissued an “overweight” rating and issued a $20.00 target price on shares of Udemy in a research note on Friday, May 3rd. Four analysts have rated the stock with a hold rating and six have issued a buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $13.90.

Insiders Place Their Bets

In other Udemy news, Director Eren Bali sold 15,000 shares of Udemy stock in a transaction dated Monday, April 1st. The stock was sold at an average price of $10.96, for a total transaction of $164,400.00. Following the transaction, the director now directly owns 1,661,050 shares in the company, valued at $18,205,108. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. In other Udemy news, Director Eren Bali sold 15,000 shares of Udemy stock in a transaction dated Monday, April 1st. The stock was sold at an average price of $10.96, for a total transaction of $164,400.00. Following the transaction, the director now directly owns 1,661,050 shares in the company, valued at $18,205,108. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, CFO Sarah Blanchard sold 45,000 shares of Udemy stock in a transaction dated Wednesday, May 22nd. The stock was sold at an average price of $9.53, for a total value of $428,850.00. Following the transaction, the chief financial officer now owns 1,096,663 shares in the company, valued at $10,451,198.39. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 68,486 shares of company stock worth $675,241. Corporate insiders own 3.20% of the company’s stock.

Udemy Stock Down 1.2 %

NASDAQ:UDMY opened at $7.99 on Friday. Udemy, Inc. has a 12-month low of $7.96 and a 12-month high of $16.01. The firm has a market capitalization of $1.22 billion, a P/E ratio of -15.08 and a beta of 2.02. The stock’s fifty day simple moving average is $9.42 and its 200-day simple moving average is $11.63.

Udemy (NASDAQ:UDMY) last posted its quarterly earnings results on Thursday, May 2nd. The company reported ($0.11) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.13) by $0.02. Udemy had a negative return on equity of 23.10% and a negative net margin of 10.82%. The business had revenue of $196.85 million for the quarter, compared to analyst estimates of $194.83 million. As a group, equities research analysts expect that Udemy, Inc. will post -0.45 earnings per share for the current year.

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.