New York State Teachers Retirement System Takes Position in Udemy, Inc. $UDMY

New York State Teachers Retirement System bought a new stake in shares of Udemy, Inc. (NASDAQ:UDMY) in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 8,314 shares of the company’s stock, valued at approximately $58,000.

Several other institutional investors and hedge funds also recently bought and sold shares of UDMY. Vanguard Group Inc. boosted its holdings in Udemy by 12.2% in the 1st quarter. Vanguard Group Inc. now owns 10,663,298 shares of the company’s stock worth $82,747,000 after buying an additional 1,156,006 shares during the period. Landscape Capital Management L.L.C. bought a new position in Udemy in the 1st quarter worth approximately $3,240,000. Cubist Systematic Strategies LLC boosted its holdings in Udemy by 96.6% in the 1st quarter. Cubist Systematic Strategies LLC now owns 502,228 shares of the company’s stock worth $3,897,000 after buying an additional 246,767 shares during the period. PDT Partners LLC boosted its holdings in Udemy by 362.0% in the 1st quarter. PDT Partners LLC now owns 300,653 shares of the company’s stock worth $2,333,000 after buying an additional 235,575 shares during the period. Finally, Nuveen LLC bought a new position in Udemy in the 1st quarter worth approximately $1,718,000. 79.48% of the stock is owned by institutional investors.

Udemy Price Performance

Shares of NASDAQ:UDMY opened at $7.04 on Friday. The firm has a fifty day moving average price of $6.89 and a two-hundred day moving average price of $6.91. The company has a market cap of $1.06 billion, a price-to-earnings ratio of -33.52 and a beta of 1.76. Udemy, Inc. has a one year low of $5.68 and a one year high of $10.61.

Udemy (NASDAQ:UDMY) last posted its quarterly earnings data on Wednesday, July 30th. The company reported $0.16 earnings per share for the quarter, beating the consensus estimate of $0.12 by $0.04. The firm had revenue of $199.88 million for the quarter, compared to analysts’ expectations of $196.74 million. Udemy had a negative net margin of 3.85% and a negative return on equity of 5.19%. The business’s quarterly revenue was up 2.8% on a year-over-year basis. During the same quarter last year, the company posted ($0.04) EPS. Udemy has set its FY 2025 guidance at EPS. Q3 2025 guidance at EPS. Equities research analysts expect that Udemy, Inc. will post -0.09 EPS for the current fiscal year.

Udemy announced that its board has authorized a stock buyback plan on Wednesday, September 10th that authorizes the company to buyback $50.00 million in outstanding shares. This buyback authorization authorizes the company to buy up to 5% of its stock through open market purchases. Stock buyback plans are generally an indication that the company’s board believes its stock is undervalued.

Wall Street Analysts Forecast Growth

UDMY has been the subject of several analyst reports. Wall Street Zen raised shares of Udemy from a “buy” rating to a “strong-buy” rating in a report on Saturday, August 2nd. Needham & Company LLC reaffirmed a “buy” rating and issued a $11.00 price objective on shares of Udemy in a report on Thursday, July 31st. Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Udemy in a report on Wednesday, October 8th. Zacks Research downgraded shares of Udemy from a “strong-buy” rating to a “hold” rating in a report on Tuesday, September 2nd. Finally, Cantor Fitzgerald raised their price target on shares of Udemy from $9.00 to $10.00 and gave the company an “overweight” rating in a report on Thursday, July 31st. Five analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $9.75.

Insider Buying and Selling at Udemy

In other news, CFO Sarah Blanchard sold 25,000 shares of the firm’s stock in a transaction on Monday, September 15th. The shares were sold at an average price of $7.08, for a total transaction of $177,000.00. Following the sale, the chief financial officer owned 1,287,953 shares in the company, valued at approximately $9,118,707.24. This trade represents a 1.90% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Company insiders own 2.10% of the company’s stock.

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.