J. Goldman & Co LP Has $1.12 Million Stock Holdings in Udemy, Inc. (NASDAQ:UDMY)

J. Goldman & Co LP trimmed its stake in shares of Udemy, Inc. (NASDAQ:UDMY) by 73.7% in the fourth quarter, Holdings Channel.com reports. The fund owned 136,456 shares of the company’s stock after selling 382,370 shares during the quarter. J. Goldman & Co LP’s holdings in Udemy were worth $1,123,000 at the end of the most recent quarter.

Other hedge funds also recently made changes to their positions in the company. Barclays PLC raised its position in shares of Udemy by 360.6% during the third quarter. Barclays PLC now owns 155,719 shares of the company’s stock worth $1,158,000 after acquiring an additional 121,911 shares during the last quarter. SBI Securities Co. Ltd. bought a new position in shares of Udemy during the fourth quarter worth about $31,000. JPMorgan Chase & Co. raised its position in shares of Udemy by 26.2% during the third quarter. JPMorgan Chase & Co. now owns 198,387 shares of the company’s stock worth $1,476,000 after acquiring an additional 41,145 shares during the last quarter. Cornerstone Investment Partners LLC bought a new position in shares of Udemy during the fourth quarter worth about $219,000. Finally, Handelsbanken Fonder AB raised its position in shares of Udemy by 45.2% during the fourth quarter. Handelsbanken Fonder AB now owns 15,100 shares of the company’s stock worth $124,000 after acquiring an additional 4,700 shares during the last quarter. 79.48% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

UDMY has been the subject of a number of analyst reports. Cantor Fitzgerald lowered their price objective on Udemy from $11.00 to $9.00 and set an “overweight” rating for the company in a research report on Thursday, May 1st. JPMorgan Chase & Co. lowered their target price on Udemy from $11.00 to $8.00 and set a “neutral” rating for the company in a report on Thursday, April 24th. William Blair downgraded Udemy from an “outperform” rating to a “market perform” rating in a report on Wednesday, March 12th. Morgan Stanley lowered their target price on Udemy from $9.00 to $7.00 and set an “underweight” rating for the company in a report on Wednesday, April 16th. Finally, Canaccord Genuity Group lowered their target price on Udemy from $14.00 to $12.00 and set a “buy” rating for the company in a report on Thursday, May 1st. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and seven have assigned a buy rating to the company’s stock. According to MarketBeat, Udemy presently has a consensus rating of “Moderate Buy” and a consensus target price of $9.86.

Udemy Stock Down 0.1%

NASDAQ UDMY opened at $6.76 on Monday. The company has a market cap of $1.01 billion, a price-to-earnings ratio of -11.86 and a beta of 1.82. Udemy, Inc. has a 52 week low of $5.68 and a 52 week high of $10.61. The business has a 50 day moving average price of $7.32 and a 200-day moving average price of $7.97.

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

Insider Activity

In related news, CTO Eren Bali sold 69,482 shares of Udemy stock in a transaction that occurred on Friday, February 14th. The stock was sold at an average price of $9.00, for a total transaction of $625,338.00. Following the transaction, 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 sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Director Heather Hiles sold 14,840 shares of Udemy stock in a transaction that occurred on Wednesday, February 19th. The shares were sold at an average price of $9.81, for a total value of $145,580.40. Following the transaction, the director now directly owns 42,667 shares in the company, valued at approximately $418,563.27. The trade was a 25.81% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 105,168 shares of company stock worth $952,186 over the last quarter. 2.10% of the stock is currently owned by corporate insiders.

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.