1 week Ago By Defense World Staff
Corebridge Financial Inc. lowered its stake in Udemy, Inc. ( NASDAQ:UDMY – Free Report ) by 11.
5% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 45,259 shares of the company’s stock after selling 5,870 shares during the quarter. Corebridge Financial Inc.
’s holdings in Udemy were worth $372,000 as of its most recent filing with the SEC. Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Royce & Associates LP raised its position in shares of Udemy by 18.
6% during the 4th quarter. Royce & Associates LP now owns 1,119,359 shares of the company’s stock valued at $9,212,000 after acquiring an additional 175,300 shares in the last quarter. Barclays PLC lifted its position in Udemy by 360.
6% in the third quarter. Barclays PLC now owns 155,719 shares of the company’s stock worth $1,158,000 after purchasing an additional 121,911 shares during the period. Connor Clark & Lunn Investment Management Ltd.
bought a new position in Udemy during the 4th quarter valued at $831,000. American Century Companies Inc. acquired a new position in shares of Udemy during the 4th quarter valued at $490,000.
Finally, Fox Run Management L.L.C.
raised its stake in shares of Udemy by 280.1% in the 4th quarter. Fox Run Management L.
L.C. now owns 58,409 shares of the company’s stock worth $481,000 after buying an additional 43,044 shares in the last quarter.
Hedge funds and other institutional investors own 79.48% of the company’s stock. Analyst Ratings Changes UDMY has been the subject of a number of recent analyst reports.
William Blair lowered Udemy from an “outperform” rating to a “market perform” rating in a research report on Wednesday, March 12th. Canaccord Genuity Group increased their target price on shares of Udemy from $12.00 to $14.
00 and gave the stock a “buy” rating in a research report on Friday, February 14th. Needham & Company LLC reiterated a “buy” rating and issued a $11.00 target price on shares of Udemy in a research note on Wednesday, March 12th.
Truist Financial reaffirmed a “hold” rating and set a $7.00 target price (down previously from $10.00) on shares of Udemy in a research report on Monday.
Finally, Morgan Stanley lifted their price objective on Udemy from $7.50 to $9.00 and gave the stock an “underweight” rating in a report on Thursday, February 20th.
One research analyst has rated the stock with a sell rating, four have assigned a hold rating and seven have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $10.
68. Udemy Stock Performance Udemy stock opened at $6.80 on Thursday.
The business’s fifty day moving average is $8.40 and its two-hundred day moving average is $8.18.
The firm has a market cap of $1.00 billion, a P/E ratio of -11.93 and a beta of 1.
81. Udemy, Inc. has a 52 week low of $5.
68 and a 52 week high of $11.60. Udemy ( NASDAQ:UDMY – Get Free Report ) last issued its quarterly earnings data 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 return on equity of 27.93% and a negative net margin of 10.
84%. The company had revenue of $199.94 million for the quarter, compared to the consensus estimate of $194.
70 million. On average, equities research analysts predict that Udemy, Inc. will post -0.
09 earnings per share for the current year. Insider Activity at Udemy In related news, 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 transaction, the chief technology officer now owns 2,156,050 shares in the company, valued at $19,404,450.
This trade represents a 3.12 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website .
Also, major shareholder Ltd Naspers sold 3,200,000 shares of the business’s stock in a transaction dated Tuesday, January 21st. The stock was sold at an average price of $7.84, for a total value of $25,088,000.
00. Following the sale, the insider now directly owns 13,920,840 shares of the company’s stock, valued at $109,139,385.60.
This represents a 18.69 % decrease in their ownership of the stock. The disclosure for this sale can be found here .
Insiders sold a total of 3,305,168 shares of company stock valued at $26,040,186 over the last quarter. Corporate insiders own 3.20% of the company’s stock.
Udemy Company Profile ( Free Report ) 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. Further Reading Five stocks we like better than Udemy What is the S&P/TSX Index? Quantum Computing: The $6.
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