Udemy (UDMY)

• Market cap: $1.16B
• 1 day: 1.42%
• 5 days: -9.75%
• 1 month: -16.81%
• 3 months: -4.49%
• 6 months: 7.37%
• Year to date: -4.49%
• 1 year: -27.73%
• 5 years: -71.38%
• 10 years: -71.38%
• Sector: Consumer Discretionary
• Industry: Educational Services

Fund manager confidence

Based on 2024 Q4 regulatory filings by fund managers ($100M+ AUM)

155% more first-time investments, than exits

New positions opened: 51 | Existing positions closed: 20

113% more call options, than puts

Call options by funds: $1.13M | Put options by funds: $527K

20% more funds holding

Funds holding: 138 [Q3] → 165 (+27) [Q4]

9% more capital invested

Capital invested by funds: $934M [Q3] → $1.01B (+$80.8M) [Q4]

1.01% more ownership

Funds ownership: 83.52% [Q3] → 84.53% (+1.01%) [Q4]

10% more repeat investments, than reductions

Existing positions increased: 46 | Existing positions reduced: 42

13% less funds holding in top 10

Funds holding in top 10: 8 [Q3] → 7 (-1) [Q4]

Research analyst outlook

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

• Low target: $9 14% upside
• Avg. target: $11.33 44% upside
• High target: $14 78% upside

3 analyst ratings

• positive: 2 67%
• neutral: 0 0%
• negative: 1 33%

Needham Ryan MacDonald 40% 1-year accuracy 34 / 84 met price target	40% upside $11	Buy Reiterated	12 Mar 2025
Morgan Stanley Josh Baer 43% 1-year accuracy 6 / 14 met price target	14% upside $9	Underweight Maintained	20 Feb 2025
Canaccord Genuity Jason Tilchen 56% 1-year accuracy 5 / 9 met price target	78% upside $14	Buy Maintained	14 Feb 2025