Strs Ohio Sells 4,700 Shares of Udemy, Inc. (NASDAQ:UDMY)

Strs Ohio decreased its position in shares of Udemy, Inc. (NASDAQ:UDMY) by 11.5% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 36,100 shares of the company’s stock after selling 4,700 shares during the quarter. Strs Ohio’s holdings in Udemy were worth $531,000 as of its most recent SEC filing.

Several other hedge funds have also recently added to or reduced their stakes in UDMY. SG Americas Securities LLC bought a new position in Udemy during the 3rd quarter worth approximately $95,000. Zurcher Kantonalbank Zurich Cantonalbank raised its holdings in Udemy by 28.0% during the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 13,171 shares of the company’s stock worth $125,000 after purchasing an additional 2,880 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. raised its holdings in Udemy by 37.2% during the 3rd quarter. Mirae Asset Global Investments Co. Ltd. now owns 51,781 shares of the company’s stock worth $492,000 after purchasing an additional 14,034 shares during the last quarter. Venturi Wealth Management LLC bought a new position in Udemy during the 3rd quarter worth approximately $29,000. Finally, Versor Investments LP bought a new position in Udemy during the 3rd quarter worth approximately $230,000. Institutional investors own 79.48% of the company’s stock.

Udemy Price Performance

UDMY opened at $10.18 on Friday. The company has a market capitalization of $1.56 billion, a price-to-earnings ratio of -14.14 and a beta of 2.14. The firm’s fifty day moving average price is $10.71 and its two-hundred day moving average price is $12.30. Udemy, Inc. has a 1 year low of $8.17 and a 1 year high of $16.01.

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

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on UDMY. JPMorgan Chase & Co. lifted their price objective on shares of Udemy from $11.00 to $12.00 and gave the company a “neutral” rating in a research note on Thursday, February 15th. Robert W. Baird lifted their price objective on shares of Udemy from $15.00 to $17.00 and gave the company an “outperform” rating in a research note on Thursday, February 15th. Cantor Fitzgerald reiterated an “overweight” rating and issued a $20.00 price objective on shares of Udemy in a research note on Thursday, February 15th. KeyCorp lifted their price objective on shares of Udemy from $13.00 to $15.00 and gave the company an “overweight” rating in a research note on Friday, January 12th. Finally, TheStreet lowered shares of Udemy from a “c-” rating to a “d+” rating in a research note on Wednesday, March 6th. Three analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $14.78.

Insiders Place Their Bets

In other Udemy news, Director Eren Bali sold 15,000 shares of Udemy stock in a transaction on Friday, March 15th. The shares were sold at an average price of $10.97, for a total transaction of $164,550.00. Following the transaction, the director now directly owns 1,676,050 shares of the company’s stock, valued at approximately $18,386,268.50. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. In related news, Director Eren Bali sold 15,000 shares of the business’s stock in a transaction dated Friday, March 15th. The shares were sold at an average price of $10.97, for a total value of $164,550.00. Following the transaction, the director now directly owns 1,676,050 shares of the company’s stock, valued at approximately $18,386,268.50. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, CEO Gregory Scott Brown sold 10,000 shares of the business’s stock in a transaction dated Wednesday, March 6th. The stock was sold at an average price of $11.04, for a total transaction of $110,400.00. Following the completion of the transaction, the chief executive officer now directly owns 1,163,328 shares in the company, valued at $12,843,141.12. The disclosure for this sale can be found here. Insiders have sold 50,981 shares of company stock valued at $570,044 in the last three months. 3.20% of the stock is currently owned by insiders.

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.