Udemy, Inc. $UDMY is Naspers Ltd.’s 2nd Largest Position

Naspers Ltd. reduced its position in Udemy, Inc. (NASDAQ:UDMY) by 18.7% in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 13,920,840 shares of the company’s stock after selling 3,200,000 shares during the period. Udemy comprises 10.4% of Naspers Ltd.’s investment portfolio, making the stock its 2nd biggest position. Naspers Ltd. owned approximately 9.36% of Udemy worth $108,026,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. HighTower Advisors LLC grew its holdings in Udemy by 7.8% in the first quarter. HighTower Advisors LLC now owns 22,551 shares of the company’s stock valued at $175,000 after purchasing an additional 1,641 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its stake in 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 during the last quarter. New York State Common Retirement Fund grew its stake in Udemy by 18.1% in the 1st quarter. New York State Common Retirement Fund now owns 27,138 shares of the company’s stock valued at $211,000 after acquiring an additional 4,159 shares during the last quarter. Price T Rowe Associates Inc. MD increased its holdings in Udemy by 14.0% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 36,064 shares of the company’s stock valued at $297,000 after acquiring an additional 4,418 shares in the last quarter. Finally, Vega Investment Solutions acquired a new position in Udemy during the fourth quarter worth about $46,000. 79.48% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In related news, CFO Sarah Blanchard sold 25,000 shares of the company’s stock in a transaction that occurred on Friday, June 13th. The shares were sold at an average price of $6.99, for a total transaction of $174,750.00. Following the completion of the transaction, the chief financial officer owned 1,077,097 shares of the company’s stock, valued at approximately $7,528,908.03. This represents a 2.27% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Company insiders own 2.10% of the company’s stock.

Analysts Set New Price Targets

UDMY has been the topic of several research reports. Needham & Company LLC reiterated a “buy” rating and issued a $11.00 price target on shares of Udemy in a research report on Thursday, July 31st. Wall Street Zen upgraded Udemy from a “buy” rating to a “strong-buy” rating in a report on Saturday, August 2nd. Zacks Research downgraded Udemy from a “strong-buy” rating to a “hold” rating in a research report on Tuesday. Cantor Fitzgerald boosted their price target on Udemy from $9.00 to $10.00 and gave the stock an “overweight” rating in a report on Thursday, July 31st. Finally, Morgan Stanley raised Udemy from an “underweight” rating to an “equal weight” rating and increased their price objective for the company from $7.00 to $9.00 in a research note on Thursday, June 5th. Five equities research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $9.75.

Udemy Stock Performance

Shares of UDMY opened at $6.68 on Friday. Udemy, Inc. has a fifty-two week low of $5.68 and a fifty-two week high of $10.61. The company has a market capitalization of $1.00 billion, a PE ratio of -31.81 and a beta of 1.77. The stock has a fifty day moving average of $6.99 and a two-hundred day moving average of $7.33.

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

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.