Mirae Asset Global Investments Co. Ltd. Has $671,000 Stake in Udemy, Inc. (NASDAQ:UDMY)

Mirae Asset Global Investments Co. Ltd. reduced its holdings in Udemy, Inc. (NASDAQ:UDMY) by 12.0% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 45,570 shares of the company’s stock after selling 6,211 shares during the period. Mirae Asset Global Investments Co. Ltd.’s holdings in Udemy were worth $671,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. Vanguard Group Inc. boosted its stake in Udemy by 19.3% in the third quarter. Vanguard Group Inc. now owns 8,860,490 shares of the company’s stock valued at $84,175,000 after acquiring an additional 1,433,980 shares during the last quarter. Charles Schwab Investment Management Inc. boosted its stake in Udemy by 21.5% in the third quarter. Charles Schwab Investment Management Inc. now owns 666,116 shares of the company’s stock valued at $6,328,000 after acquiring an additional 117,846 shares during the last quarter. Swiss National Bank boosted its stake in Udemy by 2.0% in the third quarter. Swiss National Bank now owns 145,200 shares of the company’s stock valued at $1,379,000 after acquiring an additional 2,800 shares during the last quarter. New York State Common Retirement Fund boosted its stake in Udemy by 22.5% in the third quarter. New York State Common Retirement Fund now owns 75,912 shares of the company’s stock valued at $721,000 after acquiring an additional 13,958 shares during the last quarter. Finally, Algert Global LLC acquired a new stake in Udemy in the third quarter worth $484,000. 79.48% of the stock is owned by institutional investors.

Insider Buying and Selling at Udemy

In other Udemy news, Director Eren Bali sold 15,000 shares of Udemy stock in a transaction on Friday, March 15th. The shares were sold at an average price of $10.97, for a total value of $164,550.00. Following the sale, the director now directly owns 1,676,050 shares in the company, valued at approximately $18,386,268.50. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In other Udemy news, Director Eren Bali sold 15,000 shares of Udemy stock in a transaction on Friday, March 15th. The shares were sold at an average price of $10.97, for a total value of $164,550.00. Following the sale, the director now directly owns 1,676,050 shares in the company, valued at approximately $18,386,268.50. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CTO Venu Venugopal sold 4,000 shares of Udemy stock in a transaction dated Thursday, February 1st. The shares were sold at an average price of $13.79, for a total transaction of $55,160.00. Following the completion of the transaction, the chief technology officer now directly owns 352,013 shares of the company’s stock, valued at approximately $4,854,259.27. The disclosure for this sale can be found here. In the last three months, insiders have sold 50,981 shares of company stock worth $570,044. Insiders own 3.20% of the company’s stock.

Wall Street Analysts Forecast Growth

UDMY has been the topic of several analyst reports. Truist Financial increased their target price on shares of Udemy from $13.00 to $15.00 and gave the stock a “buy” rating in a report on Monday, January 22nd. Morgan Stanley cut their target price on shares of Udemy from $15.00 to $13.00 and set an “equal weight” rating on the stock in a report on Friday, April 19th. TheStreet lowered shares of Udemy from a “c-” rating to a “d+” rating in a report on Wednesday, March 6th. JPMorgan Chase & Co. increased their target price on shares of Udemy from $11.00 to $12.00 and gave the stock a “neutral” rating in a report on Thursday, February 15th. Finally, Cantor Fitzgerald reiterated an “overweight” rating and issued a $20.00 target price on shares of Udemy in a report on Thursday, February 15th. Three equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the company. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $14.78.

Udemy Stock Down 1.3 %

Shares of NASDAQ:UDMY opened at $9.91 on Friday. Udemy, Inc. has a 12 month low of $8.17 and a 12 month high of $16.01. The company’s fifty day simple moving average is $10.73 and its 200 day simple moving average is $12.28. The firm has a market cap of $1.52 billion, a price-to-earnings ratio of -13.76 and a beta of 2.14.

Udemy (NASDAQ:UDMY) last issued its quarterly earnings results on Wednesday, February 14th. The company reported ($0.12) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.16) by $0.04. Udemy had a negative net margin of 14.72% and a negative return on equity of 27.31%. The firm had revenue of $189.55 million for the quarter, compared to analyst estimates of $185.71 million. Research analysts expect that Udemy, Inc. will post -0.47 earnings per share for the current fiscal year.

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.