Udemy, Inc. $UDMY Shares Sold by Assenagon Asset Management S.A.

Assenagon Asset Management S.A. lowered its position in shares of Udemy, Inc. (NASDAQ:UDMY) by 6.4% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 4,186,547 shares of the company’s stock after selling 287,870 shares during the quarter. Assenagon Asset Management S.A. owned approximately 2.86% of Udemy worth $24,491,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. Focus Partners Wealth lifted its position in Udemy by 1.9% during the first quarter. Focus Partners Wealth now owns 79,437 shares of the company’s stock worth $616,000 after buying an additional 1,468 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its holdings in Udemy by 4.6% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 54,071 shares of the company’s stock worth $420,000 after acquiring an additional 2,399 shares during the period. The Manufacturers Life Insurance Company grew its holdings in Udemy by 5.4% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 50,299 shares of the company’s stock valued at $354,000 after purchasing an additional 2,597 shares in the last quarter. Stoneridge Investment Partners LLC grew its stake in shares of Udemy by 8.6% during the third quarter. Stoneridge Investment Partners LLC now owns 44,447 shares of the company’s stock valued at $312,000 after acquiring an additional 3,535 shares in the last quarter. Finally, Harbor Capital Advisors Inc. grew its stake in shares of Udemy by 20.6% during the third quarter. Harbor Capital Advisors Inc. now owns 24,843 shares of the company’s stock valued at $174,000 after acquiring an additional 4,235 shares in the last quarter. 79.48% of the stock is owned by hedge funds and other institutional investors.

Udemy Stock Up 3.3%

Shares of Udemy stock opened at $4.64 on Thursday. The business has a 50-day moving average price of $4.84 and a 200 day moving average price of $5.61. Udemy, Inc. has a fifty-two week low of $4.35 and a fifty-two week high of $8.72. The firm has a market cap of $676.60 million, a P/E ratio of 232.12 and a beta of 1.70.

Udemy (NASDAQ:UDMY) last released its earnings results on Thursday, February 5th. The company reported $0.12 EPS for the quarter, topping analysts’ consensus estimates of $0.10 by $0.02. Udemy had a return on equity of 4.84% and a net margin of 0.48%.The company had revenue of $193.99 million for the quarter, compared to the consensus estimate of $193.40 million. During the same quarter last year, the business posted $0.10 EPS. Udemy’s quarterly revenue was down 3.0% compared to the same quarter last year. As a group, equities research analysts anticipate that Udemy, Inc. will post -0.09 earnings per share for the current year.

Insider Activity

In other news, CFO Sarah Blanchard sold 25,000 shares of the firm’s stock in a transaction dated Friday, March 13th. The shares were sold at an average price of $4.78, for a total value of $119,500.00. Following the transaction, the chief financial officer directly owned 1,455,763 shares in the company, valued at approximately $6,958,547.14. This trade represents a 1.69% decrease in their position. The transaction 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.

Analyst Upgrades and Downgrades

A number of brokerages recently commented on UDMY. Wall Street Zen raised Udemy from a “buy” rating to a “strong-buy” rating in a report on Sunday, December 7th. Canaccord Genuity Group set a $5.00 target price on Udemy in a research report on Monday, February 9th. KeyCorp cut Udemy from an “overweight” rating to a “sector weight” rating in a research note on Tuesday, January 13th. Zacks Research lowered shares of Udemy from a “strong-buy” rating to a “hold” rating in a research note on Friday, November 28th. Finally, Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Udemy in a report on Wednesday, January 21st. Three research analysts have rated the stock with a Buy rating, six have issued a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, Udemy currently has an average rating of “Hold” and a consensus price target of $8.75.

Udemy Profile

Udemy, Inc (NASDAQ: UDMY) operates a leading online learning marketplace that connects learners and instructors across a wide range of subject areas. The company’s platform hosts thousands of self-paced video courses covering technology, business, personal development, creative arts and more. Individual learners can purchase courses on demand, while instructors receive revenue share for teaching content to a global audience.

In addition to its consumer-facing marketplace, Udemy provides enterprise learning solutions under the Udemy for Business brand.