Deutsche Bank AG Has $811,000 Stake in Udemy, Inc. $UDMY

Deutsche Bank AG reduced its holdings in Udemy, Inc. (NASDAQ:UDMY) by 7.3% during the 1st quarter, according to the company in its most recent disclosure with the SEC. The fund owned 104,548 shares of the company’s stock after selling 8,227 shares during the quarter. Deutsche Bank AG owned about 0.07% of Udemy worth $811,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors also recently made changes to their positions in the business. Vanguard Group Inc. grew its position in shares of Udemy by 12.2% in the first quarter. Vanguard Group Inc. now owns 10,663,298 shares of the company’s stock valued at $82,747,000 after purchasing an additional 1,156,006 shares during the last quarter. XTX Topco Ltd acquired a new stake in shares of Udemy in the first quarter valued at about $314,000. Federated Hermes Inc. grew its position in shares of Udemy by 0.6% in the first quarter. Federated Hermes Inc. now owns 1,380,278 shares of the company’s stock valued at $10,711,000 after purchasing an additional 7,685 shares during the last quarter. Mackenzie Financial Corp acquired a new stake in shares of Udemy in the first quarter valued at about $1,186,000. Finally, Y Intercept Hong Kong Ltd increased its holdings in shares of Udemy by 482.0% during the 1st quarter. Y Intercept Hong Kong Ltd now owns 113,394 shares of the company’s stock worth $880,000 after purchasing an additional 93,911 shares during the period. 79.48% of the stock is owned by institutional investors and hedge funds.

Udemy Stock Down 0.3%

NASDAQ UDMY opened at $7.03 on Tuesday. The stock has a market cap of $1.06 billion, a P/E ratio of -33.47 and a beta of 1.78. The company’s 50-day simple moving average is $7.01 and its 200 day simple moving average is $7.43. Udemy, Inc. has a twelve month low of $5.68 and a twelve month high of $10.61.

Udemy (NASDAQ:UDMY) last posted its earnings results on Wednesday, July 30th. The company reported $0.16 earnings per share for the quarter, beating analysts’ consensus estimates of $0.12 by $0.04. The business had revenue of $199.88 million for the quarter, compared to analysts’ expectations of $196.74 million. Udemy had a negative net margin of 3.85% and a negative return on equity of 5.19%. The firm’s revenue for the quarter was up 2.8% on a year-over-year basis. During the same quarter in the previous year, the firm posted ($0.04) earnings per share. Udemy has set its FY 2025 guidance at EPS. Q3 2025 guidance at EPS. Research analysts anticipate that Udemy, Inc. will post -0.09 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several research firms have recently issued reports on UDMY. Morgan Stanley upgraded shares of Udemy from an “underweight” rating to an “equal weight” rating and boosted their price objective for the stock from $7.00 to $9.00 in a report on Thursday, June 5th. Robert W. Baird dropped their price objective on shares of Udemy from $13.00 to $11.00 and set an “outperform” rating on the stock in a report on Thursday, May 1st. Needham & Company LLC restated a “buy” rating and set a $11.00 price objective on shares of Udemy in a report on Thursday, July 31st. Canaccord Genuity Group dropped their price objective on shares of Udemy from $14.00 to $12.00 and set a “buy” rating on the stock in a report on Thursday, May 1st. Finally, Wall Street Zen upgraded shares of Udemy from a “buy” rating to a “strong-buy” rating in a report on Saturday, August 2nd. Five investment analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $9.75.

Insiders Place Their Bets

In related news, CFO Sarah Blanchard sold 25,000 shares of the company’s stock in a transaction dated Friday, June 13th. The shares were sold at an average price of $6.99, for a total value of $174,750.00. Following the sale, the chief financial officer owned 1,077,097 shares of the company’s stock, valued at $7,528,908.03. The trade was a 2.27% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. 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.