XTX Topco Ltd Makes New $93,000 Investment in Udemy, Inc. (NASDAQ:UDMY)

XTX Topco Ltd bought a new stake in shares of Udemy, Inc. (NASDAQ:UDMY) during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor bought 10,824 shares of the company’s stock, valued at approximately $93,000.

Several other hedge funds and other institutional investors have also recently modified their holdings of UDMY. Quest Partners LLC grew its position in Udemy by 6,957.5% in the 2nd quarter. Quest Partners LLC now owns 8,963 shares of the company’s stock valued at $77,000 after acquiring an additional 8,836 shares during the last quarter. Natixis grew its holdings in shares of Udemy by 60.8% in the first quarter. Natixis now owns 8,967 shares of the company’s stock worth $99,000 after purchasing an additional 3,391 shares during the last quarter. Principal Financial Group Inc. increased its stake in Udemy by 18.8% in the 1st quarter. Principal Financial Group Inc. now owns 12,053 shares of the company’s stock worth $132,000 after buying an additional 1,904 shares during the period. Renaissance Technologies LLC bought a new stake in Udemy during the 2nd quarter valued at about $133,000. Finally, ProShare Advisors LLC boosted its position in Udemy by 10.7% in the 1st quarter. ProShare Advisors LLC now owns 16,109 shares of the company’s stock valued at $177,000 after buying an additional 1,553 shares during the period. 79.48% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at Udemy

In related news, Director Eren Bali sold 15,000 shares of the business’s stock in a transaction on Friday, July 26th. The shares were sold at an average price of $9.10, for a total transaction of $136,500.00. Following the completion of the transaction, the director now directly owns 1,639,477 shares in the company, valued at $14,919,240.70. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In other Udemy news, CFO Sarah Blanchard sold 45,000 shares of the company’s stock in a transaction that occurred on Wednesday, August 21st. The stock was sold at an average price of $8.05, for a total value of $362,250.00. Following the sale, the chief financial officer now owns 1,001,761 shares in the company, valued at approximately $8,064,176.05. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, Director Eren Bali sold 15,000 shares of Udemy stock in a transaction that occurred on Friday, July 26th. The shares were sold at an average price of $9.10, for a total transaction of $136,500.00. Following the transaction, the director now directly owns 1,639,477 shares of the company’s stock, valued at $14,919,240.70. The disclosure for this sale can be found here. Insiders have sold a total of 61,000 shares of company stock worth $505,830 over the last quarter. Insiders own 3.20% of the company’s stock.

Udemy Stock Down 1.5 %

Shares of Udemy stock opened at $7.33 on Wednesday. The firm’s 50 day moving average price is $7.95 and its 200-day moving average price is $8.95. Udemy, Inc. has a 52-week low of $6.67 and a 52-week high of $16.01. The company has a market cap of $1.10 billion, a P/E ratio of -13.83 and a beta of 1.99.

Udemy (NASDAQ:UDMY) last released its earnings results on Wednesday, July 31st. The company reported ($0.20) earnings per share for the quarter, missing the consensus estimate of ($0.13) by ($0.07). The company had revenue of $194.36 million for the quarter, compared to analysts’ expectations of $194.17 million. Udemy had a negative return on equity of 26.62% and a negative net margin of 11.39%. As a group, equities research analysts forecast that Udemy, Inc. will post -0.52 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently commented on UDMY shares. Robert W. Baird reduced their target price on shares of Udemy from $13.00 to $11.00 and set an “outperform” rating on the stock in a research report on Thursday, August 1st. KeyCorp decreased their target price on Udemy from $14.00 to $13.00 and set an “overweight” rating for the company in a research report on Monday, July 22nd. Needham & Company LLC reissued a “buy” rating and set a $15.00 price target on shares of Udemy in a research report on Thursday, August 1st. Cantor Fitzgerald upgraded Udemy to a “strong-buy” rating in a research note on Tuesday, August 13th. Finally, Canaccord Genuity Group initiated coverage on shares of Udemy in a research note on Thursday, August 8th. They issued a “buy” rating and a $12.00 price objective for the company. One equities research analyst has rated the stock with a sell rating, four have given a hold rating, six have assigned a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $11.92.

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.