Goldman Sachs Group Inc. Has $5.11 Million Stake in Udemy, Inc. $UDMY

Goldman Sachs Group Inc. raised its holdings in Udemy, Inc. (NASDAQ:UDMY) by 45.2% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 658,603 shares of the company’s stock after acquiring an additional 205,104 shares during the period. Goldman Sachs Group Inc. owned about 0.44% of Udemy worth $5,111,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Rhumbline Advisers grew its stake in Udemy by 1.2% in the first quarter. Rhumbline Advisers now owns 132,289 shares of the company’s stock valued at $1,027,000 after acquiring an additional 1,613 shares during the period. Strs Ohio acquired a new position in Udemy in the first quarter valued at about $178,000. Focus Partners Wealth grew its stake in Udemy by 1.9% in the first quarter. Focus Partners Wealth now owns 79,437 shares of the company’s stock valued at $616,000 after acquiring an additional 1,468 shares during the period. Jane Street Group LLC boosted its position in shares of Udemy by 116.6% during the first quarter. Jane Street Group LLC now owns 143,497 shares of the company’s stock worth $1,114,000 after buying an additional 77,260 shares during the period. Finally, Caxton Associates LLP acquired a new position in shares of Udemy during the first quarter worth about $327,000. 79.48% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In other Udemy news, CFO Sarah Blanchard sold 25,000 shares of the firm’s stock in a transaction on Monday, September 15th. The stock was sold at an average price of $7.08, for a total transaction of $177,000.00. Following the transaction, the chief financial officer owned 1,287,953 shares in the company, valued at $9,118,707.24. This trade represents a 1.90% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 3.20% of the stock is currently owned by company insiders.

Udemy Trading Up 1.9%

Shares of NASDAQ UDMY opened at $7.13 on Wednesday. The firm has a market cap of $1.07 billion, a P/E ratio of -33.95 and a beta of 1.77. Udemy, Inc. has a 1-year low of $5.68 and a 1-year high of $10.61. The business’s 50 day moving average is $6.99 and its 200-day moving average is $7.18.

Udemy (NASDAQ:UDMY) last posted 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 return on equity of 5.19% and a negative net margin of 3.85%.The firm had revenue of $199.88 million for the quarter, compared to analyst estimates of $196.74 million. During the same quarter last year, the company earned ($0.04) EPS. The company’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. Analysts forecast that Udemy, Inc. will post -0.09 EPS for the current year.

Udemy declared that its board has approved a share buyback program on Wednesday, September 10th that authorizes the company to buyback $50.00 million in outstanding shares. This buyback authorization authorizes the company to reacquire up to 5% of its stock through open market purchases. Stock buyback programs are often an indication that the company’s board of directors believes its shares are undervalued.

Wall Street Analyst Weigh In

Several research firms have recently weighed in on UDMY. Cantor Fitzgerald upped their price objective on Udemy from $9.00 to $10.00 and gave the stock an “overweight” rating in a research report on Thursday, July 31st. Zacks Research cut Udemy from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, September 2nd. Morgan Stanley raised Udemy from an “underweight” rating to an “equal weight” rating and increased their price target for the company from $7.00 to $9.00 in a research report on Thursday, June 5th. Needham & Company LLC reissued a “buy” rating and set a $11.00 price target on shares of Udemy in a research report on Thursday, July 31st. Finally, Wall Street Zen raised Udemy from a “buy” rating to a “strong-buy” rating in a research report on Saturday, August 2nd. Five investment analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price 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.