Barclays PLC Increases Stock Holdings in Udemy, Inc. (NASDAQ:UDMY)

Barclays PLC boosted its stake in shares of Udemy, Inc. (NASDAQ:UDMY) by 360.6% during the 3rd quarter, according to its most recent 13F filing with the SEC. The firm owned 155,719 shares of the company’s stock after buying an additional 121,911 shares during the period. Barclays PLC owned approximately 0.11% of Udemy worth $1,158,000 at the end of the most recent quarter.

A number of other institutional investors also recently bought and sold shares of the stock. Sea Cliff Partners Management LP lifted its stake in Udemy by 27.9% in the second quarter. Sea Cliff Partners Management LP now owns 3,725,865 shares of the company’s stock worth $32,154,000 after purchasing an additional 811,702 shares during the last quarter. Geode Capital Management LLC lifted its stake in shares of Udemy by 0.3% during the 3rd quarter. Geode Capital Management LLC now owns 2,216,868 shares of the company’s stock worth $16,497,000 after acquiring an additional 5,972 shares during the last quarter. State Street Corp lifted its stake in shares of Udemy by 0.8% during the 3rd quarter. State Street Corp now owns 1,934,473 shares of the company’s stock worth $14,392,000 after acquiring an additional 15,339 shares during the last quarter. FMR LLC boosted its holdings in Udemy by 2.8% during the 3rd quarter. FMR LLC now owns 1,330,073 shares of the company’s stock valued at $9,896,000 after acquiring an additional 36,380 shares during the period. Finally, Royce & Associates LP grew its position in Udemy by 1.1% in the 3rd quarter. Royce & Associates LP now owns 944,059 shares of the company’s stock valued at $7,024,000 after acquiring an additional 10,650 shares during the last quarter. 79.48% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several research analysts recently commented on the stock. Cantor Fitzgerald reduced their price target on shares of Udemy from $18.00 to $11.00 and set an “overweight” rating on the stock in a research note on Wednesday, October 30th. Morgan Stanley downgraded shares of Udemy from an “equal weight” rating to an “underweight” rating and decreased their price target for the company from $10.00 to $7.50 in a research note on Friday, September 27th. Scotiabank initiated coverage on Udemy in a research note on Thursday, December 5th. They issued a “sector outperform” rating and a $10.00 price objective on the stock. Finally, Needham & Company LLC decreased their target price on Udemy from $15.00 to $11.00 and set a “buy” rating for the company in a research report on Wednesday, October 30th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and eight have assigned a buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $10.92.

Insider Transactions at Udemy

In related news, CTO Eren Bali sold 35,518 shares of the business’s stock in a transaction on Wednesday, November 6th. The shares were sold at an average price of $9.00, for a total value of $319,662.00. Following the completion of the transaction, the chief technology officer now directly owns 2,225,532 shares in the company, valued at $20,029,788. The trade was a 1.57 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CEO Gregory Scott Brown sold 10,000 shares of the stock in a transaction on Tuesday, October 29th. The stock was sold at an average price of $8.50, for a total transaction of $85,000.00. Following the sale, the chief executive officer now directly owns 1,203,727 shares in the company, valued at $10,231,679.50. This trade represents a 0.82 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 55,518 shares of company stock worth $491,762 over the last quarter. 3.20% of the stock is currently owned by insiders.

Udemy Trading Up 0.1 %

Shares of NASDAQ UDMY opened at $8.26 on Tuesday. The stock has a market cap of $1.21 billion, a price-to-earnings ratio of -13.11 and a beta of 1.87. Udemy, Inc. has a 12 month low of $6.67 and a 12 month high of $14.74. The company has a 50 day simple moving average of $8.22 and a two-hundred day simple moving average of $8.10.

Udemy (NASDAQ:UDMY) last posted its earnings results on Tuesday, October 29th. The company reported $0.07 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.01 by $0.06. The company had revenue of $195.42 million during the quarter, compared to the consensus estimate of $192.69 million. Udemy had a negative net margin of 12.33% and a negative return on equity of 29.36%. The firm’s quarterly revenue was up 5.8% on a year-over-year basis. During the same period in the previous year, the firm posted ($0.10) earnings per share. Analysts forecast that Udemy, Inc. will post -0.47 EPS for the current year.

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.