Udemy, Inc. $UDMY Shares Purchased by EP Wealth Advisors LLC

EP Wealth Advisors LLC lifted its stake in Udemy, Inc. (NASDAQ:UDMY) by 37.5% in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 28,651 shares of the company’s stock after purchasing an additional 7,811 shares during the quarter. EP Wealth Advisors LLC’s holdings in Udemy were worth $222,000 as of its most recent SEC filing.

A number of other institutional investors also recently bought and sold shares of UDMY. Vanguard Group Inc. increased its stake in 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 purchasing an additional 1,156,006 shares in the last quarter. Assenagon Asset Management S.A. grew its holdings in shares of Udemy by 1,814.5% during 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 buying an additional 2,538,728 shares during the last quarter. Federated Hermes Inc. increased its position in shares of Udemy by 0.6% in the 1st quarter. Federated Hermes Inc. now owns 1,380,278 shares of the company’s stock valued at $10,711,000 after acquiring an additional 7,685 shares during the period. Northern Trust Corp increased its position in shares of Udemy by 6.1% in the 4th quarter. Northern Trust Corp now owns 836,920 shares of the company’s stock valued at $6,888,000 after acquiring an additional 48,298 shares during the period. Finally, Millennium Management LLC purchased a new position in Udemy in the 4th quarter worth $5,911,000. 79.48% of the stock is currently owned by institutional investors and hedge funds.

Udemy Trading Up 1.2%

Shares of UDMY stock opened at $6.87 on Wednesday. Udemy, Inc. has a twelve month low of $5.68 and a twelve month high of $10.61. The stock has a market cap of $1.03 billion, a P/E ratio of -32.71 and a beta of 1.77. The stock has a 50 day moving average of $6.98 and a 200 day moving average of $7.27.

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

Wall Street Analysts Forecast Growth

Several research firms have weighed in on UDMY. Wall Street Zen upgraded Udemy from a “buy” rating to a “strong-buy” rating in a research note on Saturday, August 2nd. Cantor Fitzgerald lifted their target price on Udemy from $9.00 to $10.00 and gave the stock an “overweight” rating in a report on Thursday, July 31st. Needham & Company LLC reiterated a “buy” rating and issued a $11.00 target price on shares of Udemy in a research report on Thursday, July 31st. Zacks Research lowered shares of Udemy from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, September 2nd. Finally, Morgan Stanley upgraded shares of Udemy from an “underweight” rating to an “equal weight” rating and lifted their price objective for the company from $7.00 to $9.00 in a research note on Thursday, June 5th. Five equities research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company. According to data from MarketBeat, Udemy presently has an average rating of “Moderate Buy” and an average price target of $9.75.

Insider Activity

In related news, CFO Sarah Blanchard sold 25,000 shares of Udemy stock in a transaction on 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 approximately $7,528,908.03. This trade represents a 2.27% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 3.20% of the stock is owned by company insiders.

Udemy 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.