Udemy (UDMY)

• Market cap: $1.15B
• 1 day: 1.80%
• 5 days: -0.63%
• 1 month: 4.64%
• 3 months: -4.59%
• 6 months: -1.13%
• Year to date: -43.33%
• 1 year: -47.12%
• 5 years: -71.27%
• 10 years: -71.27%
• Sector: Consumer Discretionary
• Industry: Educational Services

About: Udemy Inc operates a marketplace platform at the center of a vibrant knowledge network. The Company operates under two operating and reportable segments Consumer and Enterprise, out of which the Enterprise segment derives the maximum revenue. Geographically, the company derives maximum revenue from North America. The company leverages data, technology, and insights for effective learning experiences. It helps individuals and organizations to possess effective skill acquisition and development with flexibility.

Employees: 1,443

Fund manager confidence

Based on 2024 Q3 regulatory filings by fund managers ($100M+ AUM)

41% more repeat investments, than reductions

Existing positions increased: 45 | Existing positions reduced: 32

1% more funds holding

Funds holding: 136 [Q2] → 138 (+2) [Q3]

7% more first-time investments, than exits

New positions opened: 30 | Existing positions closed: 28

6% less call options, than puts

Call options by funds: $771K | Put options by funds: $823K

4.8% less ownership

Funds ownership: 88.19% [Q2] → 83.39% (-4.8%) [Q3]

11% less funds holding in top 10

Funds holding in top 10: 9 [Q2] → 8 (-1) [Q3]

20% less capital invested

Capital invested by funds: $1.17B [Q2] → $933M (-$233M) [Q3]

Research analyst outlook

4 Wall Street Analysts provided 1 year price targets over the past 3 months

• Low target: $7.50 5% downside
• Avg. target: $9.88 25% upside
• High target: $11 39% upside

4 analyst ratings

• positive: 3 75%
• neutral: 0 0%
• negative: 1 25%

Scotiabank Nat Schindler 36% 1-year accuracy 4 / 11 met price target	27% upside $10	Sector Outperform Initiated	5 Dec 2024
Cantor Fitzgerald Brett Knoblauch 70% 1-year accuracy 54 / 77 met price target	39% upside $11	Overweight Maintained	30 Oct 2024
Needham Ryan MacDonald 56% 1-year accuracy 38 / 68 met price target	39% upside $11	Buy Maintained	30 Oct 2024
Morgan Stanley Josh Baer 73% 1-year accuracy 11 / 15 met price target	5% downside $7.50	Underweight Downgraded	27 Sept 2024