VIRGINIA RETIREMENT SYSTEMS ET Al Purchases New Position in Udemy, Inc. $UDMY

VIRGINIA RETIREMENT SYSTEMS ET Al purchased a new stake in Udemy, Inc. (NASDAQ:UDMY) during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund purchased 17,900 shares of the company’s stock, valued at approximately $126,000.

Other institutional investors have also bought and sold shares of the company. Vanguard Group Inc. raised its position in Udemy by 12.2% in 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 during the last quarter. Federated Hermes Inc. increased its stake 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 buying an additional 7,685 shares in the last quarter. Millennium Management LLC increased its stake in shares of Udemy by 5.0% in the first quarter. Millennium Management LLC now owns 753,782 shares of the company’s stock valued at $5,849,000 after buying an additional 35,577 shares in the last quarter. Goldman Sachs Group Inc. increased its stake in shares of Udemy by 45.2% in the first quarter. Goldman Sachs Group Inc. now owns 658,603 shares of the company’s stock valued at $5,111,000 after buying an additional 205,104 shares in the last quarter. Finally, Cubist Systematic Strategies LLC increased its stake in shares of Udemy by 96.6% in the first quarter. Cubist Systematic Strategies LLC now owns 502,228 shares of the company’s stock valued at $3,897,000 after buying an additional 246,767 shares in the last quarter. Institutional investors and hedge funds own 79.48% of the company’s stock.

Udemy Stock Down 3.3%

UDMY stock opened at $6.81 on Monday. The company has a market cap of $1.02 billion, a P/E ratio of -32.43 and a beta of 1.76. Udemy, Inc. has a twelve month low of $5.68 and a twelve month high of $10.61. The business has a fifty day moving average of $6.89 and a 200-day moving average of $6.93.

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

Udemy announced that its Board of Directors has approved a share repurchase plan on Wednesday, September 10th that authorizes the company to repurchase $50.00 million in shares. This repurchase authorization authorizes the company to purchase up to 5% of its shares through open market purchases. Shares repurchase plans are often an indication that the company’s board of directors believes its stock is undervalued.

Analyst Ratings Changes

A number of analysts have recently weighed in on the company. Weiss Ratings restated a “sell (e+)” rating on shares of Udemy in a research note on Friday. Wall Street Zen upgraded Udemy from a “buy” rating to a “strong-buy” rating in a research note on Saturday, August 2nd. Needham & Company LLC restated a “buy” rating and issued a $11.00 target price on shares of Udemy in a research note on Thursday, July 31st. Zacks Research downgraded Udemy from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, September 2nd. Finally, Cantor Fitzgerald boosted their target price on Udemy from $9.00 to $10.00 and gave the stock an “overweight” rating in a research report on Thursday, July 31st. Five research analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $9.75.

Insider Activity at Udemy

In other news, CFO Sarah Blanchard sold 25,000 shares of the company’s stock in a transaction dated Monday, September 15th. The stock was sold at an average price of $7.08, for a total value of $177,000.00. Following the completion of the sale, the chief financial officer directly owned 1,287,953 shares of the company’s stock, valued at $9,118,707.24. This represents a 1.90% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. 2.10% of the stock is currently owned by company insiders.

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.