Udemy, Inc. $UDMY Holdings Cut by Charles Schwab Investment Management Inc.

Charles Schwab Investment Management Inc. cut its stake in Udemy, Inc. (NASDAQ:UDMY) by 2.1% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 727,128 shares of the company’s stock after selling 15,762 shares during the quarter. Charles Schwab Investment Management Inc. owned approximately 0.49% of Udemy worth $5,643,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also modified their holdings of the company. Assenagon Asset Management S.A. grew its stake in Udemy by 1,814.5% in the first quarter. Assenagon Asset Management S.A. now owns 2,678,641 shares of the company’s stock valued at $20,786,000 after purchasing an additional 2,538,728 shares in the last quarter. Vanguard Group Inc. lifted its holdings in shares of Udemy by 12.2% during the 1st quarter. Vanguard Group Inc. now owns 10,663,298 shares of the company’s stock valued at $82,747,000 after buying an additional 1,156,006 shares during the last quarter. Millennium Management LLC bought a new stake in shares of Udemy in the 4th quarter valued at approximately $5,911,000. Jacobs Levy Equity Management Inc. increased its holdings in Udemy by 97.3% in the fourth quarter. Jacobs Levy Equity Management Inc. now owns 628,510 shares of the company’s stock worth $5,173,000 after buying an additional 310,003 shares during the last quarter. Finally, Quantinno Capital Management LP bought a new position in Udemy during the fourth quarter valued at approximately $2,350,000. 79.48% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at Udemy

In related news, CFO Sarah Blanchard sold 25,000 shares of the business’s stock in a transaction dated Friday, June 13th. The stock was sold at an average price of $6.99, for a total transaction of $174,750.00. Following the completion of the transaction, the chief financial officer owned 1,077,097 shares of the company’s stock, valued at approximately $7,528,908.03. The trade was a 2.27% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 2.10% of the company’s stock.

Udemy Stock Performance

NASDAQ UDMY opened at $6.96 on Thursday. Udemy, Inc. has a twelve month low of $5.68 and a twelve month high of $10.61. The stock has a market capitalization of $1.05 billion, a PE ratio of -33.14 and a beta of 1.78. The stock has a 50-day simple moving average of $7.01 and a 200 day simple moving average of $7.42.

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

Analyst Upgrades and Downgrades

UDMY has been the subject of several recent research reports. Needham & Company LLC reissued a “buy” rating and issued a $11.00 target price on shares of Udemy in a research report on Thursday, July 31st. Wall Street Zen upgraded shares of Udemy from a “buy” rating to a “strong-buy” rating in a report on Saturday, August 2nd. Robert W. Baird decreased their price objective on shares of Udemy from $13.00 to $11.00 and set an “outperform” rating for the company in a report on Thursday, May 1st. Cantor Fitzgerald increased their target price on shares of Udemy from $9.00 to $10.00 and gave the stock an “overweight” rating in a research report on Thursday, July 31st. Finally, Canaccord Genuity Group cut their target price on Udemy from $14.00 to $12.00 and set a “buy” rating on the stock in a report on Thursday, May 1st. Five analysts have rated the stock with a Buy rating and four have given 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 price target of $9.75.

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.