Olympiad Research LP Makes New $188,000 Investment in Udemy, Inc. (NASDAQ:UDMY)

Olympiad Research LP purchased a new position in shares of Udemy, Inc. (NASDAQ:UDMY) during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 22,875 shares of the company’s stock, valued at approximately $188,000.

Several other large investors have also recently made changes to their positions in UDMY. Point72 DIFC Ltd bought a new position in shares of Udemy in the third quarter worth approximately $30,000. Nisa Investment Advisors LLC grew its holdings in shares of Udemy by 496.7% in 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 last quarter. Victory Capital Management Inc. bought a new position in shares of Udemy in the third quarter worth approximately $75,000. Falcon Wealth Planning bought a new position in shares of Udemy in the fourth quarter worth approximately $85,000. Finally, Point72 Asia Singapore Pte. Ltd. bought a new position in shares of Udemy in the third quarter worth approximately $103,000. 79.48% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Udemy

In other Udemy news, CTO Eren Bali sold 69,482 shares of the business’s stock in a transaction dated Friday, February 14th. The stock was sold at an average price of $9.00, for a total value of $625,338.00. Following the completion of the transaction, the chief technology officer now owns 2,156,050 shares of the company’s stock, valued at approximately $19,404,450. The trade was a 3.12 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Heather Hiles sold 14,840 shares of the business’s stock in a transaction dated Wednesday, February 19th. The stock was sold at an average price of $9.81, for a total value of $145,580.40. Following the completion of the transaction, the director now directly owns 42,667 shares of the company’s stock, valued at approximately $418,563.27. This trade represents a 25.81 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 3,294,322 shares of company stock valued at $25,946,018 in the last quarter. 3.20% of the stock is owned by insiders.

Udemy Trading Down 0.2 %

Shares of UDMY stock opened at $9.78 on Monday. Udemy, Inc. has a 12 month low of $6.67 and a 12 month high of $11.65. The stock has a market cap of $1.44 billion, a PE ratio of -17.16 and a beta of 1.85. The company’s fifty day moving average price is $8.23 and its 200-day moving average price is $8.07.

Udemy (NASDAQ:UDMY) last announced its earnings results on Thursday, February 13th. The company reported ($0.03) EPS for the quarter, missing analysts’ consensus estimates of $0.07 by ($0.10). Udemy had a negative net margin of 10.84% and a negative return on equity of 27.93%. The business had revenue of $199.94 million for the quarter, compared to the consensus estimate of $194.70 million. On average, sell-side analysts forecast that Udemy, Inc. will post -0.09 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several research analysts have recently issued reports on the stock. Canaccord Genuity Group raised their target price on shares of Udemy from $12.00 to $14.00 and gave the stock a “buy” rating in a report on Friday, February 14th. Needham & Company LLC restated a “buy” rating and issued a $11.00 target price on shares of Udemy in a report on Friday, February 14th. Cantor Fitzgerald cut their price target on shares of Udemy from $18.00 to $11.00 and set an “overweight” rating on the stock in a report on Wednesday, October 30th. Scotiabank assumed coverage on shares of Udemy in a report on Thursday, December 5th. They issued a “sector outperform” rating and a $10.00 price target on the stock. Finally, Morgan Stanley lifted their price target on shares of Udemy from $7.50 to $9.00 and gave the company an “underweight” rating in a report on Thursday. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and eight have issued a buy rating to the stock. Based on data from MarketBeat, Udemy presently has an average rating of “Moderate Buy” and an average price target of $10.95.

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.