Udemy, Inc. (NASDAQ:UDMY) Stake Lessened by Charles Schwab Investment Management Inc.

Charles Schwab Investment Management Inc. cut its stake in Udemy, Inc. (NASDAQ:UDMY) by 2.5% during the 4th quarter, HoldingsChannel reports. The fund owned 742,890 shares of the company’s stock after selling 19,030 shares during the period. Charles Schwab Investment Management Inc.’s holdings in Udemy were worth $6,114,000 as of its most recent SEC filing.

A number of other large investors have also recently added to or reduced their stakes in the stock. SBI Securities Co. Ltd. acquired a new stake in shares of Udemy in the 4th quarter valued at about $31,000. Point72 DIFC Ltd bought a new stake in Udemy in the third quarter valued at about $30,000. Handelsbanken Fonder AB raised its stake in Udemy by 45.2% during the fourth quarter. Handelsbanken Fonder AB now owns 15,100 shares of the company’s stock valued at $124,000 after buying an additional 4,700 shares in the last quarter. SG Americas Securities LLC raised its stake in Udemy by 22.2% during the fourth quarter. SG Americas Securities LLC now owns 29,674 shares of the company’s stock valued at $244,000 after buying an additional 5,384 shares in the last quarter. Finally, Geode Capital Management LLC lifted its holdings in Udemy by 0.3% during the 3rd quarter. Geode Capital Management LLC now owns 2,216,868 shares of the company’s stock worth $16,497,000 after buying an additional 5,972 shares during the last quarter. 79.48% of the stock is currently owned by institutional investors.

Insider Transactions at Udemy

In related news, Director Heather Hiles sold 14,840 shares of the business’s stock in a transaction that occurred on Wednesday, February 19th. The stock was sold at an average price of $9.81, for a total transaction of $145,580.40. Following the sale, the director now owns 42,667 shares of the company’s stock, valued at $418,563.27. The trade was a 25.81 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CTO Eren Bali sold 10,000 shares of the company’s stock in a transaction that occurred on Friday, March 14th. The stock was sold at an average price of $8.02, for a total value of $80,200.00. Following the completion of the sale, the chief technology officer now owns 2,146,050 shares of the company’s stock, valued at $17,211,321. This trade represents a 0.46 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 3,304,322 shares of company stock valued at $26,033,418. 3.20% of the stock is currently owned by corporate insiders.

Udemy Trading Up 3.6 %

NASDAQ UDMY opened at $8.82 on Tuesday. The company has a 50-day moving average price of $8.57 and a two-hundred day moving average price of $8.25. Udemy, Inc. has a 52 week low of $6.67 and a 52 week high of $11.60. The stock has a market cap of $1.30 billion, a price-to-earnings ratio of -15.47 and a beta of 1.76.

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

Analyst Ratings Changes

Several equities research analysts recently issued reports on UDMY shares. Scotiabank assumed coverage on Udemy in a research report on Thursday, December 5th. They set a “sector outperform” rating and a $10.00 price target on the stock. Morgan Stanley increased their target price on shares of Udemy from $7.50 to $9.00 and gave the stock an “underweight” rating in a report on Thursday, February 20th. William Blair downgraded shares of Udemy from an “outperform” rating to a “market perform” rating in a research report on Wednesday, March 12th. Needham & Company LLC reaffirmed a “buy” rating and set a $11.00 price objective on shares of Udemy in a research report on Wednesday, March 12th. Finally, Canaccord Genuity Group raised their target price on shares of Udemy from $12.00 to $14.00 and gave the stock a “buy” rating in a report on Friday, February 14th. One research analyst has rated the stock with a sell rating, three have given a hold rating and eight have issued a buy rating to the stock. According to MarketBeat.com, Udemy currently has a consensus rating of “Moderate Buy” and an average target price of $10.95.

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.