New York State Teachers Retirement System Takes $58,000 Position in Udemy, Inc. $UDMY

New York State Teachers Retirement System bought a new position in Udemy, Inc. (NASDAQ:UDMY) during the second quarter, HoldingsChannel.com reports. The institutional investor bought 8,314 shares of the company’s stock, valued at approximately $58,000.

Other large investors also recently added to or reduced their stakes in the company. GAMMA Investing LLC raised its position in Udemy by 558.3% in the 1st quarter. GAMMA Investing LLC now owns 6,945 shares of the company’s stock worth $54,000 after purchasing an additional 5,890 shares during the period. Hsbc Holdings PLC purchased a new position in Udemy in the 1st quarter worth $82,000. Teacher Retirement System of Texas purchased a new position in Udemy in the 1st quarter worth $97,000. CWM LLC raised its position in Udemy by 1,189.4% in the 1st quarter. CWM LLC now owns 13,371 shares of the company’s stock worth $104,000 after purchasing an additional 12,334 shares during the period. Finally, 111 Capital raised its position in Udemy by 27.6% in the 2nd quarter. 111 Capital now owns 17,098 shares of the company’s stock worth $120,000 after purchasing an additional 3,702 shares during the period. Hedge funds and other institutional investors own 79.48% of the company’s stock.

Insider Activity

In related news, CFO Sarah Blanchard sold 25,000 shares of the business’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 owned 1,287,953 shares in the company, valued at $9,118,707.24. The trade was a 1.90% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 2.10% of the stock is owned by corporate insiders.

Udemy Price Performance

Shares of NASDAQ UDMY opened at $7.04 on Friday. Udemy, Inc. has a 1 year low of $5.68 and a 1 year high of $10.61. The company’s 50-day moving average is $6.89 and its 200 day moving average is $6.91. The stock has a market capitalization of $1.06 billion, a P/E ratio of -33.52 and a beta of 1.76.

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

Udemy declared that its Board of Directors has initiated a stock repurchase plan on Wednesday, September 10th that authorizes the company to buyback $50.00 million in outstanding shares. This buyback authorization authorizes the company to reacquire up to 5% of its stock through open market purchases. Stock buyback plans are typically a sign that the company’s board of directors believes its shares are undervalued.

Analyst Ratings Changes

UDMY has been the topic of a number of analyst reports. Needham & Company LLC reiterated a “buy” rating and issued a $11.00 target price on shares of Udemy in a research report on Thursday, July 31st. Wall Street Zen raised shares of Udemy from a “buy” rating to a “strong-buy” rating in a report on Saturday, August 2nd. Zacks Research lowered shares of Udemy from a “strong-buy” rating to a “hold” rating in a report on Tuesday, September 2nd. Cantor Fitzgerald raised their price target on shares of Udemy from $9.00 to $10.00 and gave the stock an “overweight” rating in a report on Thursday, July 31st. Finally, Weiss Ratings reissued a “sell (e+)” rating on shares of Udemy in a report on Wednesday, October 8th. Five investment analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and an average target price of $9.75.

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.