Lombard Odier Asset Management USA Corp Has $171,000 Stock Position in Udemy, Inc. (NASDAQ:UDMY)

Lombard Odier Asset Management USA Corp reduced its holdings in Udemy, Inc. (NASDAQ:UDMY) by 61.4% in the second quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 19,770 shares of the company’s stock after selling 31,427 shares during the quarter. Lombard Odier Asset Management USA Corp’s holdings in Udemy were worth $171,000 at the end of the most recent quarter.

Other institutional investors have also recently added to or reduced their stakes in the company. Vanguard Group Inc. increased its stake in shares of Udemy by 1.2% in the 1st quarter. Vanguard Group Inc. now owns 9,472,216 shares of the company’s stock valued at $104,005,000 after acquiring an additional 116,346 shares in the last quarter. Greenvale Capital LLP raised its holdings in shares of Udemy by 2.3% during the fourth quarter. Greenvale Capital LLP now owns 6,600,000 shares of the company’s stock valued at $97,218,000 after purchasing an additional 150,000 shares during the period. Invenomic Capital Management LP raised its holdings in shares of Udemy by 22.9% during the first quarter. Invenomic Capital Management LP now owns 2,747,453 shares of the company’s stock valued at $30,167,000 after purchasing an additional 512,618 shares during the period. Sea Cliff Partners Management LP bought a new position in shares of Udemy during the 4th quarter worth about $25,661,000. Finally, Silvercrest Asset Management Group LLC acquired a new stake in shares of Udemy in the 1st quarter valued at about $8,109,000. 79.48% of the stock is owned by institutional investors and hedge funds.

Udemy Stock Performance

Udemy stock opened at $8.07 on Tuesday. Udemy, Inc. has a fifty-two week low of $6.67 and a fifty-two week high of $16.01. The firm’s 50-day simple moving average is $8.03 and its 200 day simple moving average is $9.06. The stock has a market cap of $1.24 billion, a PE ratio of -15.23 and a beta of 1.99.

Udemy (NASDAQ:UDMY) last announced its earnings results on Wednesday, July 31st. The company reported ($0.20) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.13) by ($0.07). The business had revenue of $194.36 million during the quarter, compared to analysts’ expectations of $194.17 million. Udemy had a negative return on equity of 26.62% and a negative net margin of 11.39%. As a group, analysts predict that Udemy, Inc. will post -0.52 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of research analysts recently weighed in on UDMY shares. Cantor Fitzgerald raised Udemy to a “strong-buy” rating in a research note on Tuesday, August 13th. Needham & Company LLC reiterated a “buy” rating and issued a $15.00 target price on shares of Udemy in a report on Thursday, August 1st. Robert W. Baird reduced their price target on shares of Udemy from $13.00 to $11.00 and set an “outperform” rating for the company in a research report on Thursday, August 1st. KeyCorp lowered their price objective on shares of Udemy from $14.00 to $13.00 and set an “overweight” rating on the stock in a report on Monday, July 22nd. Finally, Canaccord Genuity Group started coverage on shares of Udemy in a report on Thursday, August 8th. They set a “buy” rating and a $12.00 price objective for the company. Five research analysts have rated the stock with a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $12.38.

Insiders Place Their Bets

In other news, Director Eren Bali sold 15,000 shares of the firm’s stock in a transaction on Friday, July 26th. The stock was sold at an average price of $9.10, for a total transaction of $136,500.00. Following the completion of the sale, the director now directly owns 1,639,477 shares of the company’s stock, valued at approximately $14,919,240.70. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. In other news, Director Eren Bali sold 15,000 shares of the stock in a transaction that occurred on Friday, July 26th. The shares were sold at an average price of $9.10, for a total transaction of $136,500.00. Following the completion of the transaction, the director now directly owns 1,639,477 shares of the company’s stock, valued at approximately $14,919,240.70. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Gregory Scott Brown sold 10,000 shares of Udemy stock in a transaction that occurred on Friday, June 28th. The stock was sold at an average price of $8.50, for a total transaction of $85,000.00. Following the completion of the sale, the chief executive officer now directly owns 1,273,406 shares in the company, valued at approximately $10,823,951. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 72,000 shares of company stock valued at $599,430. Insiders own 3.20% of the company’s stock.

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.