Falcon Wealth Planning Invests $85,000 in Udemy, Inc. (NASDAQ:UDMY)

Falcon Wealth Planning bought a new stake in Udemy, Inc. (NASDAQ:UDMY) in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm bought 10,291 shares of the company’s stock, valued at approximately $85,000.

A number of other institutional investors have also added to or reduced their stakes in the company. Dimensional Fund Advisors LP increased its position in shares of Udemy by 278.0% during the second quarter. Dimensional Fund Advisors LP now owns 86,005 shares of the company’s stock valued at $741,000 after purchasing an additional 63,251 shares during the period. Renaissance Technologies LLC bought a new stake in Udemy in the second quarter valued at about $133,000. XTX Topco Ltd acquired a new position in Udemy in the second quarter worth about $93,000. ProShare Advisors LLC raised its stake in Udemy by 49.1% during the second quarter. ProShare Advisors LLC now owns 24,018 shares of the company’s stock worth $207,000 after acquiring an additional 7,909 shares in the last quarter. Finally, The Manufacturers Life Insurance Company lifted its holdings in shares of Udemy by 6.9% during the second quarter. The Manufacturers Life Insurance Company now owns 51,780 shares of the company’s stock valued at $447,000 after acquiring an additional 3,336 shares during the period. 79.48% of the stock is owned by institutional investors and hedge funds.

Udemy Trading Up 2.6 %

NASDAQ UDMY opened at $7.80 on Wednesday. Udemy, Inc. has a 1-year low of $6.67 and a 1-year high of $14.74. The company has a 50 day moving average of $8.15 and a 200-day moving average of $8.06.

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

Insider Buying and Selling

In related news, major shareholder Ltd Naspers sold 3,200,000 shares of the firm’s stock in a transaction on Tuesday, January 21st. The stock was sold at an average price of $7.84, for a total transaction of $25,088,000.00. Following the sale, the insider now owns 13,920,840 shares of the company’s stock, valued at $109,139,385.60. This trade represents a 18.69 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CTO Eren Bali sold 35,518 shares of the business’s stock in a transaction dated Wednesday, November 6th. The stock was sold at an average price of $9.00, for a total value of $319,662.00. Following the sale, the chief technology officer now owns 2,225,532 shares in the company, valued at approximately $20,029,788. This trade represents a 1.57 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 3,245,518 shares of company stock worth $25,494,762. Company insiders own 3.20% of the company’s stock.

Wall Street Analyst Weigh In

UDMY has been the subject of a number of recent analyst reports. Scotiabank assumed coverage on shares of Udemy in a research report on Thursday, December 5th. They set a “sector outperform” rating and a $10.00 target price for the company. Needham & Company LLC reiterated a “buy” rating and issued a $11.00 price objective on shares of Udemy in a report on Friday, January 17th. Finally, Cantor Fitzgerald reduced their target price on Udemy from $18.00 to $11.00 and set an “overweight” rating on the stock in a report on Wednesday, October 30th. One analyst has rated the stock with a sell rating, four have given a hold rating and eight have given a buy rating to the company. According to MarketBeat, Udemy currently has an average rating of “Moderate Buy” and an average price target of $10.92.

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.