SG Americas Securities LLC Has $244,000 Stock Holdings in Udemy, Inc. (NASDAQ:UDMY)

SG Americas Securities LLC grew its position in shares of Udemy, Inc. (NASDAQ:UDMY) by 22.2% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 29,674 shares of the company’s stock after buying an additional 5,384 shares during the period. SG Americas Securities LLC’s holdings in Udemy were worth $244,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Point72 DIFC Ltd bought a new position in Udemy during the third quarter worth about $30,000. Nisa Investment Advisors LLC increased its holdings in shares of Udemy by 496.7% during the fourth quarter. Nisa Investment Advisors LLC now owns 7,220 shares of the company’s stock worth $59,000 after purchasing an additional 6,010 shares during the period. Victory Capital Management Inc. bought a new position in shares of Udemy during the third quarter worth approximately $75,000. Point72 Asia Singapore Pte. Ltd. acquired a new stake in shares of Udemy in the third quarter valued at approximately $103,000. Finally, Renaissance Technologies LLC bought a new stake in shares of Udemy in the second quarter valued at approximately $133,000. Institutional investors and hedge funds own 79.48% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts recently commented on the company. Cantor Fitzgerald dropped their price target on Udemy from $18.00 to $11.00 and set an “overweight” rating for the company in a research note on Wednesday, October 30th. Needham & Company LLC restated a “buy” rating and issued a $11.00 target price on shares of Udemy in a research report on Friday, January 17th. Finally, Scotiabank started coverage on shares of Udemy in a research report on Thursday, December 5th. They set a “sector outperform” rating and a $10.00 price target on the stock. One equities 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 company’s stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $10.92.

Udemy Stock Performance

UDMY stock opened at $7.54 on Friday. The business has a 50-day simple moving average of $8.11 and a two-hundred day simple moving average of $8.02. The company has a market capitalization of $1.10 billion, a P/E ratio of -11.97 and a beta of 1.85. Udemy, Inc. has a 52-week low of $6.67 and a 52-week high of $14.74.

Insider Activity at Udemy

In related news, CEO Gregory Scott Brown sold 10,000 shares of the business’s stock in a transaction dated Friday, December 6th. The shares were sold at an average price of $8.71, for a total transaction of $87,100.00. Following the transaction, the chief executive officer now directly owns 1,183,086 shares in the company, valued at approximately $10,304,679.06. The trade was a 0.84 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, major shareholder Ltd Naspers sold 3,200,000 shares of the stock in a transaction dated Tuesday, January 21st. The shares were sold at an average price of $7.84, for a total transaction of $25,088,000.00. Following the completion of the sale, the insider now owns 13,920,840 shares of the company’s stock, valued at approximately $109,139,385.60. This trade represents a 18.69 % decrease in their position. The disclosure for this sale can be found here. 3.20% of the stock is owned by insiders.

About Udemy

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.