Udemy, Inc. (NASDAQ:UDMY) Position Boosted by Daiwa Securities Group Inc.

Daiwa Securities Group Inc. increased its holdings in Udemy, Inc. (NASDAQ:UDMY) by 261.1% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 4,730 shares of the company’s stock after buying an additional 3,420 shares during the quarter. Daiwa Securities Group Inc.’s holdings in Udemy were worth $70,000 at the end of the most recent reporting period.

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

Udemy Stock Performance

UDMY opened at $10.18 on Friday. The stock has a fifty day moving average of $10.71 and a 200-day moving average of $12.30. Udemy, Inc. has a 12-month low of $8.17 and a 12-month high of $16.01.

Udemy (NASDAQ:UDMY) last released its earnings results on Wednesday, February 14th. The company reported ($0.12) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.16) by $0.04. Udemy had a negative return on equity of 27.31% and a negative net margin of 14.72%. The company had revenue of $189.55 million during the quarter, compared to analyst estimates of $185.71 million. On average, sell-side analysts anticipate that Udemy, Inc. will post -0.47 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of brokerages have recently commented on UDMY. Robert W. Baird increased their price objective on Udemy from $15.00 to $17.00 and gave the company an “outperform” rating in a research report on Thursday, February 15th. Cantor Fitzgerald reiterated an “overweight” rating and set a $20.00 price objective on shares of Udemy in a research report on Thursday, February 15th. Truist Financial increased their price objective on Udemy from $13.00 to $15.00 and gave the company a “buy” rating in a research report on Monday, January 22nd. Morgan Stanley cut their price objective on Udemy from $15.00 to $13.00 and set an “equal weight” rating for the company in a research report on Friday, April 19th. Finally, Piper Sandler reiterated a “neutral” rating and set a $13.00 price objective on shares of Udemy in a research report on Thursday, February 15th. Three analysts have rated the stock with a hold rating and six have given a buy rating to the company. Based on data from MarketBeat, Udemy currently has an average rating of “Moderate Buy” and an average target price of $14.78.

Insider Buying and Selling

In related news, CTO Venu Venugopal sold 4,000 shares of the stock in a transaction on Thursday, February 1st. The stock was sold at an average price of $13.79, for a total transaction of $55,160.00. Following the completion of the sale, the chief technology officer now directly owns 352,013 shares in the company, valued at $4,854,259.27. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. In related news, CTO Venu Venugopal sold 4,000 shares of the stock in a transaction on Thursday, February 1st. The stock was sold at an average price of $13.79, for a total transaction of $55,160.00. Following the completion of the sale, the chief technology officer now directly owns 352,013 shares in the company, valued at $4,854,259.27. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, 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 sale, the director now owns 1,676,050 shares of the company’s stock, valued at $18,386,268.50. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 50,981 shares of company stock worth $570,044. Corporate insiders own 3.20% of the company’s stock.

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.