J. Goldman & Co LP Sells 382,370 Shares of Udemy, Inc. (NASDAQ:UDMY)

J. Goldman & Co LP lessened its holdings in Udemy, Inc. (NASDAQ:UDMY) by 73.7% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 136,456 shares of the company’s stock after selling 382,370 shares during the period. J. Goldman & Co LP owned 0.09% of Udemy worth $1,123,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also added to or reduced their stakes in the company. SBI Securities Co. Ltd. bought a new stake in Udemy in the 4th quarter valued at $31,000. Quarry LP bought a new stake in Udemy in the 4th quarter valued at $34,000. Nisa Investment Advisors LLC raised its stake in Udemy by 496.7% in the 4th quarter. Nisa Investment Advisors LLC now owns 7,220 shares of the company’s stock valued at $59,000 after acquiring an additional 6,010 shares during the period. Falcon Wealth Planning bought a new stake in Udemy in the 4th quarter valued at $85,000. Finally, Nebula Research & Development LLC bought a new stake in Udemy in the 4th quarter valued at $85,000. Institutional investors own 79.48% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts recently weighed in on UDMY shares. Robert W. Baird dropped their price target on Udemy from $13.00 to $11.00 and set an “outperform” rating on the stock in a research note on Thursday, May 1st. JPMorgan Chase & Co. lowered their price objective on Udemy from $11.00 to $8.00 and set a “neutral” rating on the stock in a research report on Thursday, April 24th. Morgan Stanley lowered their price objective on Udemy from $9.00 to $7.00 and set an “underweight” rating on the stock in a research report on Wednesday, April 16th. William Blair cut Udemy from an “outperform” rating to a “market perform” rating in a research report on Wednesday, March 12th. Finally, Truist Financial reiterated a “hold” rating and set a $7.00 price objective (down previously from $10.00) on shares of Udemy in a research report on Monday, April 7th. One research analyst has rated the stock with a sell rating, four have issued a hold rating and seven have given a buy rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $9.86.

Udemy Stock Performance

Shares of NASDAQ UDMY opened at $6.76 on Monday. Udemy, Inc. has a 52 week low of $5.68 and a 52 week high of $10.61. The stock has a market capitalization of $1.01 billion, a P/E ratio of -11.86 and a beta of 1.82. The stock’s fifty day moving average is $7.32 and its 200 day moving average is $7.97.

Udemy (NASDAQ:UDMY) last issued its quarterly earnings results on Wednesday, April 30th. The company reported $0.12 EPS for the quarter, topping analysts’ consensus estimates of $0.10 by $0.02. Udemy had a negative return on equity of 27.93% and a negative net margin of 10.84%. The company had revenue of $200.30 million for the quarter, compared to analysts’ expectations of $197.19 million. During the same quarter last year, the business earned $0.03 earnings per share. Udemy’s revenue was up 1.8% on a year-over-year basis. Equities research analysts forecast that Udemy, Inc. will post -0.09 earnings per share for the current year.

Insider Buying and Selling

In related news, CTO Eren Bali sold 69,482 shares of the firm’s stock in a transaction dated Friday, February 14th. The stock was sold at an average price of $9.00, for a total value of $625,338.00. Following the sale, the chief technology officer now directly owns 2,156,050 shares of the company’s stock, valued at $19,404,450. This trade represents a 3.12% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, CEO Gregory Scott Brown sold 10,000 shares of the firm’s stock in a transaction dated Thursday, March 6th. The shares were sold at an average price of $9.43, for a total value of $94,300.00. Following the completion of the sale, the chief executive officer now directly owns 1,141,896 shares in the company, valued at $10,768,079.28. This trade represents a 0.87% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 105,168 shares of company stock worth $952,186. Company insiders own 2.10% of the company’s stock.

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.