Fox Run Management L.L.C. Acquires 43,044 Shares of Udemy, Inc. (NASDAQ:UDMY)

Fox Run Management L.L.C. raised its holdings in Udemy, Inc. (NASDAQ:UDMY) by 280.1% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 58,409 shares of the company’s stock after purchasing an additional 43,044 shares during the period. Fox Run Management L.L.C.’s holdings in Udemy were worth $481,000 at the end of the most recent quarter.

Other institutional investors have also recently bought and sold shares of the company. Barclays PLC boosted its stake in shares of Udemy by 360.6% in the third quarter. Barclays PLC now owns 155,719 shares of the company’s stock valued at $1,158,000 after buying an additional 121,911 shares during the period. Verition Fund Management LLC acquired a new position in Udemy in the 3rd quarter valued at $1,630,000. SBI Securities Co. Ltd. acquired a new position in Udemy in the 4th quarter valued at $31,000. Algert Global LLC lifted its position in shares of Udemy by 45.0% during the 3rd quarter. Algert Global LLC now owns 346,062 shares of the company’s stock valued at $2,575,000 after acquiring an additional 107,390 shares during the period. Finally, JPMorgan Chase & Co. grew its holdings in shares of Udemy by 26.2% during the 3rd quarter. JPMorgan Chase & Co. now owns 198,387 shares of the company’s stock worth $1,476,000 after purchasing an additional 41,145 shares in the last quarter. Institutional investors own 79.48% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms recently commented on UDMY. Canaccord Genuity Group boosted their price target on Udemy from $12.00 to $14.00 and gave the company a “buy” rating in a research note on Friday, February 14th. Morgan Stanley upped their price target on shares of Udemy from $7.50 to $9.00 and gave the stock an “underweight” rating in a report on Thursday, February 20th. Scotiabank began coverage on shares of Udemy in a research note on Thursday, December 5th. They issued a “sector outperform” rating and a $10.00 price objective on the stock. William Blair cut Udemy from an “outperform” rating to a “market perform” rating in a research note on Wednesday, March 12th. Finally, Needham & Company LLC reiterated a “buy” rating and issued a $11.00 price target on shares of Udemy in a research note on Wednesday, March 12th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and eight have issued a buy rating to the stock. Based on data from MarketBeat.com, Udemy currently has an average rating of “Moderate Buy” and an average target price of $10.95.

Udemy Stock Down 1.4 %

Shares of UDMY stock opened at $8.70 on Wednesday. Udemy, Inc. has a twelve month low of $6.67 and a twelve month high of $11.60. The stock’s fifty day simple moving average is $8.58 and its 200 day simple moving average is $8.25. The firm has a market capitalization of $1.29 billion, a P/E ratio of -15.26 and a beta of 1.76.

Udemy (NASDAQ:UDMY) last released its quarterly earnings results on Thursday, February 13th. The company reported ($0.03) earnings per share for the quarter, missing the consensus estimate of $0.07 by ($0.10). The firm had revenue of $199.94 million for the quarter, compared to the consensus estimate of $194.70 million. Udemy had a negative return on equity of 27.93% and a negative net margin of 10.84%. As a group, equities research analysts expect that Udemy, Inc. will post -0.09 EPS for the current fiscal year.

Insider Buying and Selling at Udemy

In other Udemy news, CTO Eren Bali sold 69,482 shares of the company’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 in the company, valued at approximately $19,404,450. The trade was a 3.12 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, major shareholder Ltd Naspers sold 3,200,000 shares of the stock in a transaction dated Tuesday, January 21st. The shares were sold at an average price of $7.84, for a total value of $25,088,000.00. Following the completion of the sale, the insider now directly owns 13,920,840 shares of the company’s stock, valued at approximately $109,139,385.60. The trade was a 18.69 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 3,304,322 shares of company stock worth $26,033,418. 3.20% of the stock is currently owned by company insiders.

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.