Udemy, Inc. (NASDAQ:UDMY) Holdings Boosted by Voya Investment Management LLC

Voya Investment Management LLC raised its stake in Udemy, Inc. (NASDAQ:UDMY) by 27.4% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 397,806 shares of the company’s stock after acquiring an additional 85,499 shares during the period. Voya Investment Management LLC owned 0.27% of Udemy worth $3,274,000 as of its most recent SEC filing.

Other institutional investors also recently made changes to their positions in the company. SBI Securities Co. Ltd. bought a new position in Udemy during the 4th quarter worth $31,000. Nisa Investment Advisors LLC grew its position 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 acquiring an additional 6,010 shares during the last quarter. Falcon Wealth Planning acquired a new stake in shares of Udemy in the 4th quarter worth about $85,000. Dynamic Technology Lab Private Ltd bought a new stake in Udemy in the 4th quarter valued at about $95,000. Finally, Coign Capital Advisors LLC acquired a new position in Udemy during the 4th quarter valued at about $117,000. 79.48% of the stock is owned by institutional investors.

Udemy Price Performance

NASDAQ UDMY opened at $6.42 on Friday. The company has a market capitalization of $954.85 million, a P/E ratio of -11.26 and a beta of 1.81. Udemy, Inc. has a 12 month low of $5.68 and a 12 month high of $11.60. The company’s 50 day simple moving average is $7.69 and its 200 day simple moving average is $8.04.

Udemy (NASDAQ:UDMY) last announced its quarterly earnings data on Wednesday, April 30th. The company reported $0.12 EPS for the quarter, beating analysts’ consensus estimates of $0.10 by $0.02. Udemy had a negative return on equity of 27.93% and a negative net margin of 10.84%. The company had revenue of $200.30 million during the quarter, compared to the consensus estimate of $197.19 million. During the same quarter in the prior year, the firm earned $0.03 EPS. The company’s quarterly revenue was up 1.8% compared to the same quarter last year. On average, analysts anticipate that Udemy, Inc. will post -0.09 earnings per share for the current year.

Analyst Upgrades and Downgrades

UDMY has been the topic of a number of recent analyst reports. Truist Financial reaffirmed a “hold” rating and set a $7.00 price target (down previously from $10.00) on shares of Udemy in a report on Monday, April 7th. Cantor Fitzgerald reduced their price target on Udemy from $11.00 to $9.00 and set an “overweight” rating for the company in a research report on Thursday. JPMorgan Chase & Co. lowered their price target on Udemy from $11.00 to $8.00 and set a “neutral” rating on the stock in a report on Thursday, April 24th. Needham & Company LLC restated a “buy” rating and set a $11.00 price objective on shares of Udemy in a research note on Thursday. Finally, Morgan Stanley decreased their target price on shares of Udemy from $9.00 to $7.00 and set an “underweight” rating for the company in a research report on Wednesday, April 16th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and seven have assigned a buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $9.86.

Insiders Place Their Bets

In related news, Director Heather Hiles sold 14,840 shares of the company’s stock in a transaction on Wednesday, February 19th. The stock was sold at an average price of $9.81, for a total transaction of $145,580.40. Following the transaction, the director now directly owns 42,667 shares of the company’s stock, valued at approximately $418,563.27. The trade was a 25.81 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CTO Eren Bali sold 69,482 shares of the firm’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 sale, the chief technology officer now owns 2,156,050 shares of the company’s stock, valued at $19,404,450. The trade was a 3.12 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 105,168 shares of company stock worth $952,186. Company insiders own 3.20% of the company’s stock.

Udemy 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.