Rhumbline Advisers Acquires 1,613 Shares of Udemy, Inc. $UDMY

Rhumbline Advisers raised its holdings in Udemy, Inc. (NASDAQ:UDMY) by 1.2% during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 132,289 shares of the company’s stock after acquiring an additional 1,613 shares during the period. Rhumbline Advisers owned about 0.09% of Udemy worth $1,027,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. Vanguard Group Inc. grew its holdings in shares of Udemy by 12.2% during the first quarter. Vanguard Group Inc. now owns 10,663,298 shares of the company’s stock worth $82,747,000 after purchasing an additional 1,156,006 shares during the last quarter. Assenagon Asset Management S.A. lifted 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 buying an additional 2,538,728 shares during the period. Federated Hermes Inc. raised its position in shares of Udemy by 0.6% during the first quarter. Federated Hermes Inc. now owns 1,380,278 shares of the company’s stock worth $10,711,000 after purchasing an additional 7,685 shares during the period. Millennium Management LLC raised its position in shares of Udemy by 5.0% during the first quarter. Millennium Management LLC now owns 753,782 shares of the company’s stock worth $5,849,000 after purchasing an additional 35,577 shares during the period. Finally, Goldman Sachs Group Inc. raised its position in shares of Udemy by 45.2% during the first quarter. Goldman Sachs Group Inc. now owns 658,603 shares of the company’s stock worth $5,111,000 after purchasing an additional 205,104 shares during the period. Institutional investors own 79.48% of the company’s stock.

Udemy Price Performance

Shares of UDMY opened at $7.25 on Friday. The business has a fifty day moving average of $7.02 and a 200 day moving average of $7.13. Udemy, Inc. has a one year low of $5.68 and a one year high of $10.61. The firm has a market capitalization of $1.09 billion, a P/E ratio of -34.52 and a beta of 1.77.

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

Udemy announced that its board has authorized a share buyback program on Wednesday, September 10th that allows the company to repurchase $50.00 million in shares. This repurchase authorization allows the company to buy up to 5% of its shares through open market purchases. Shares repurchase programs are often a sign that the company’s board of directors believes its shares are undervalued.

Insider Buying and Selling at Udemy

In other news, CFO Sarah Blanchard sold 25,000 shares of the stock in a transaction that occurred on Monday, September 15th. The stock was sold at an average price of $7.08, for a total value of $177,000.00. Following the sale, the chief financial officer directly owned 1,287,953 shares in the company, valued at approximately $9,118,707.24. This represents a 1.90% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Insiders own 2.10% of the company’s stock.

Wall Street Analyst Weigh In

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

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.