Fox Run Management L.L.C. Invests $286,000 in Udemy, Inc. $UDMY

Fox Run Management L.L.C. acquired a new stake in Udemy, Inc. (NASDAQ:UDMY) during the second quarter, according to its most recent Form 13F filing with the SEC. The fund acquired 40,674 shares of the company’s stock, valued at approximately $286,000.

Several other large investors have also added to or reduced their stakes in the business. Focus Partners Wealth increased its holdings in Udemy by 1.9% in the first quarter. Focus Partners Wealth now owns 79,437 shares of the company’s stock worth $616,000 after purchasing an additional 1,468 shares in the last quarter. Rhumbline Advisers grew its position in shares of Udemy by 1.2% during the 1st quarter. Rhumbline Advisers now owns 132,289 shares of the company’s stock worth $1,027,000 after buying an additional 1,613 shares during the period. HighTower Advisors LLC grew its position in shares of Udemy by 7.8% during the 1st quarter. HighTower Advisors LLC now owns 22,551 shares of the company’s stock worth $175,000 after buying an additional 1,641 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its stake in shares of Udemy by 4.6% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 54,071 shares of the company’s stock valued at $420,000 after acquiring an additional 2,399 shares in the last quarter. Finally, 111 Capital lifted its position in shares of Udemy by 27.6% during the 2nd quarter. 111 Capital now owns 17,098 shares of the company’s stock valued at $120,000 after acquiring an additional 3,702 shares during the period. Institutional investors and hedge funds own 79.48% of the company’s stock.

Insider Activity at Udemy

In related news, CFO Sarah Blanchard sold 25,000 shares of the firm’s stock in a transaction dated Monday, September 15th. The shares were sold at an average price of $7.08, for a total transaction of $177,000.00. Following the transaction, the chief financial officer directly owned 1,287,953 shares of the company’s stock, valued at $9,118,707.24. This trade represents a 1.90% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 2.10% of the stock is currently owned by corporate insiders.

Udemy Stock Down 1.9%

Shares of Udemy stock opened at $5.21 on Friday. Udemy, Inc. has a 52 week low of $5.04 and a 52 week high of $10.61. The business has a 50 day moving average price of $6.55 and a 200-day moving average price of $6.85. The company has a market cap of $762.62 million, a PE ratio of -173.61 and a beta of 1.74.

Udemy (NASDAQ:UDMY) last announced its quarterly earnings results on Wednesday, October 29th. The company reported $0.13 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.10 by $0.03. The business had revenue of $195.68 million during the quarter, compared to the consensus estimate of $193.09 million. Udemy had a positive return on equity of 2.11% and a negative net margin of 0.47%.Udemy’s revenue was up .1% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.07 earnings per share. Udemy has set its FY 2025 guidance at EPS. Q4 2025 guidance at EPS. As a group, research analysts anticipate that Udemy, Inc. will post -0.09 EPS for the current year.

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

Analyst Ratings Changes

UDMY has been the topic of several research analyst reports. Weiss Ratings reissued a “sell (e+)” rating on shares of Udemy in a research note on Wednesday, October 8th. Cantor Fitzgerald increased their price objective on shares of Udemy from $9.00 to $10.00 and gave the stock an “overweight” rating in a research report on Thursday, July 31st. Zacks Research raised Udemy from a “hold” rating to a “strong-buy” rating in a research report on Thursday, October 30th. KeyCorp dropped their price target on Udemy from $11.00 to $9.00 and set an “overweight” rating on the stock in a research note on Thursday, October 30th. Finally, Wall Street Zen raised Udemy from a “buy” rating to a “strong-buy” rating in a research note on Saturday, August 2nd. One research analyst has rated the stock with a Strong Buy rating, six have given a Buy rating, four have given a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $9.67.

About Udemy

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.