Raymond James Financial Inc. Makes New $164,000 Investment in Udemy, Inc. (NASDAQ:UDMY)

Raymond James Financial Inc. bought a new position in Udemy, Inc. (NASDAQ:UDMY) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 19,870 shares of the company’s stock, valued at approximately $164,000.

A number of other large investors have also recently bought and sold shares of UDMY. Barclays PLC raised its holdings in shares of Udemy by 360.6% during the third quarter. Barclays PLC now owns 155,719 shares of the company’s stock valued at $1,158,000 after buying an additional 121,911 shares during the last quarter. JPMorgan Chase & Co. raised its holdings in shares of Udemy by 26.2% during the third quarter. JPMorgan Chase & Co. now owns 198,387 shares of the company’s stock valued at $1,476,000 after buying an additional 41,145 shares during the last quarter. Mirador Capital Partners LP bought a new stake in shares of Udemy during the fourth quarter valued at approximately $148,000. Nisa Investment Advisors LLC raised its holdings in shares of Udemy by 496.7% during the fourth quarter. Nisa Investment Advisors LLC now owns 7,220 shares of the company’s stock valued at $59,000 after buying an additional 6,010 shares during the last quarter. Finally, SG Americas Securities LLC raised its holdings in shares of 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 during the last quarter. Institutional investors own 79.48% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently weighed in on the company. William Blair cut Udemy from an “outperform” rating to a “market perform” rating in a report on Wednesday, March 12th. Robert W. Baird cut their price target on Udemy from $13.00 to $11.00 and set an “outperform” rating on the stock in a report on Thursday, May 1st. JPMorgan Chase & Co. cut their price target on Udemy from $11.00 to $8.00 and set a “neutral” rating on the stock in a report on Thursday, April 24th. Canaccord Genuity Group cut their price target on Udemy from $14.00 to $12.00 and set a “buy” rating on the stock in a report on Thursday, May 1st. Finally, Cantor Fitzgerald dropped their target price on Udemy from $11.00 to $9.00 and set an “overweight” rating on the stock in a report on Thursday, May 1st. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and seven have given a buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $9.86.

Insiders Place Their Bets

In other Udemy news, Director Heather Hiles sold 14,840 shares of Udemy stock in a transaction that occurred on Wednesday, February 19th. The shares were sold at an average price of $9.81, for a total transaction of $145,580.40. Following the transaction, the director now directly owns 42,667 shares in the company, valued at approximately $418,563.27. The trade was a 25.81% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CEO Gregory Scott Brown sold 10,000 shares of Udemy stock in a transaction that occurred on Thursday, March 6th. The stock was sold at an average price of $9.43, for a total transaction of $94,300.00. Following the transaction, the chief executive officer now owns 1,141,896 shares in the company, valued at approximately $10,768,079.28. The trade was a 0.87% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 105,168 shares of company stock worth $952,186. Corporate insiders own 2.10% of the company’s stock.

Udemy Stock Performance

Udemy stock opened at $7.14 on Wednesday. The firm has a market cap of $1.06 billion, a price-to-earnings ratio of -12.53 and a beta of 1.82. Udemy, Inc. has a 1 year low of $5.68 and a 1 year high of $10.61. The firm’s 50 day moving average price is $7.27 and its two-hundred day moving average price is $7.97.

Udemy (NASDAQ:UDMY) last posted its quarterly earnings results on Wednesday, April 30th. The company reported $0.12 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.10 by $0.02. The firm had revenue of $200.30 million for the quarter, compared to analyst estimates of $197.19 million. Udemy had a negative net margin of 10.84% and a negative return on equity of 27.93%. The firm’s quarterly revenue was up 1.8% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.03 earnings per share. As a group, equities analysts predict that Udemy, Inc. will post -0.09 EPS 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.