<div id="readability-page-1"><p><span>Udemy (NASDAQ:UDMY - Get Free Report)</span> had its price objective lowered by analysts at Robert W. Baird from $13.00 to $11.00 in a research report issued to clients and investors on Thursday, Benzinga reports. The firm currently has an &#34;outperform&#34; rating on the stock. Robert W. Baird's price objective points to a potential upside of 19.05% from the company's current price.</p><ul><li>Chegg Chokes on AI Attempt, CEO Talks it Up as He Passes Torch </li></ul><p>UDMY has been the subject of a number of other reports. Morgan Stanley reduced their price objective on shares of Udemy from $15.00 to $13.00 and set an &#34;equal weight&#34; rating for the company in a research note on Friday, April 19th. KeyCorp cut their target price on shares of Udemy from $14.00 to $13.00 and set an &#34;overweight&#34; rating on the stock in a research note on Monday, July 22nd. Jefferies Financial Group reduced their price objective on Udemy from $14.00 to $11.00 and set a &#34;hold&#34; rating for the company in a research note on Monday, April 29th. Needham &amp; Company LLC reaffirmed a &#34;buy&#34; rating and set a $15.00 target price on shares of Udemy in a research note on Friday, May 3rd. Finally, Cantor Fitzgerald restated an &#34;overweight&#34; rating and set a $20.00 price target on shares of Udemy in a report on Friday, May 3rd. Four analysts have rated the stock with a hold rating and six have issued a buy rating to the company. According to MarketBeat, the stock currently has an average rating of &#34;Moderate Buy&#34; and a consensus target price of $13.60.</p><p><b>Get Our Latest Stock Report on UDMY</b></p><h2>Udemy Stock Up 1.1 %</h2><ul><li>Duolingo Speaks the Language of Growth for Investors </li></ul><p>NASDAQ:UDMY opened at $9.24 on Thursday. The business's 50-day moving average price is $8.57 and its 200 day moving average price is $10.39. The firm has a market cap of $1.41 billion, a P/E ratio of -17.43 and a beta of 2.00. Udemy has a 52-week low of $7.91 and a 52-week high of $16.01. </p><p>Udemy (NASDAQ:UDMY - Get Free Report) last released its earnings results on Thursday, May 2nd. The company reported ($0.11) earnings per share (EPS) for the quarter, topping analysts' consensus estimates of ($0.13) by $0.02. The firm had revenue of $196.85 million for the quarter, compared to analyst estimates of $194.83 million. Udemy had a negative return on equity of 23.10% and a negative net margin of 10.82%. Sell-side analysts expect that Udemy will post -0.45 EPS for the current year. </p><h2>Insiders Place Their Bets</h2><ul><li>Udemy stock got boosted by analysts, massive growth at discounts</li></ul><p>In other Udemy news, CTO Venu Venugopal sold 7,086 shares of Udemy stock in a transaction that occurred on Friday, May 17th. The stock was sold at an average price of $9.89, for a total value of $70,080.54. Following the transaction, the chief technology officer now directly owns 429,927 shares of the company's stock, valued at approximately $4,251,978.03. The sale was disclosed in a document filed with the SEC, which is accessible through this link. In other news, CEO Gregory Scott Brown sold 10,000 shares of Udemy stock in a transaction that occurred on Friday, June 28th. The stock was sold at an average price of $8.50, for a total transaction of $85,000.00. Following the sale, the chief executive officer now owns 1,273,406 shares of the company's stock, valued at approximately $10,823,951. The sale was disclosed in a legal filing with the Securities &amp; Exchange Commission, which is available through the SEC website. Also, CTO Venu Venugopal sold 7,086 shares of Udemy stock in a transaction that occurred on Friday, May 17th. The stock was sold at an average price of $9.89, for a total value of $70,080.54. Following the sale, the chief technology officer now directly owns 429,927 shares in the company, valued at approximately $4,251,978.03. The disclosure for this sale can be found here. Insiders have sold a total of 79,486 shares of company stock valued at $740,941 in the last three months. Company insiders own 3.20% of the company's stock. </p><h2>Institutional Trading of Udemy</h2><p>Several institutional investors have recently modified their holdings of UDMY. Sea Cliff Partners Management LP acquired a new stake in shares of Udemy during the 4th quarter worth approximately $25,661,000. Inflection Point Investments LLP acquired a new stake in Udemy in the 4th quarter valued at $21,390,000. Vanguard Group Inc. boosted its stake in Udemy by 19.3% in the 3rd quarter. Vanguard Group Inc. now owns 8,860,490 shares of the company's stock valued at $84,175,000 after buying an additional 1,433,980 shares in the last quarter. Silvercrest Asset Management Group LLC acquired a new stake in Udemy in the 1st quarter valued at $8,109,000. Finally, Invenomic Capital Management LP boosted its stake in Udemy by 22.9% in the 1st quarter. Invenomic Capital Management LP now owns 2,747,453 shares of the company's stock valued at $30,167,000 after buying an additional 512,618 shares in the last quarter. Institutional investors and hedge funds own 79.48% of the company's stock. </p><h2>About Udemy</h2> (Get Free Report)<p>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.</p><h2>Recommended Stories</h2><ul><li>Five stocks we like better than Udemy</li><li>Quiet Period Expirations Explained</li><li>Humana Slides on Profitability Concerns Despite Q2 Earnings Beat</li><li>How to Calculate Inflation Rate</li><li>Procter &amp; Gamble Stock Drops Despite Earnings Beat – What to Know</li><li>Basic Materials Stocks Investing</li><li>Financial Sector Shines as Key Players Continue to Beat Earnings</li></ul><p><img src="https://imageproxy.pbkrs.com/https://www.marketbeat.com/scripts/RatingsAndPriceTargetChart.ashx/query-UHJlZml4PU5BU0RBUSZTeW1ib2w9VURNWQ?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" width="650" height="330" original-src="https://imageproxy.pbkrs.com/https://www.marketbeat.com/scripts/RatingsAndPriceTargetChart.ashx/query-UHJlZml4PU5BU0RBUSZTeW1ib2w9VURNWQ"/></p><p><em>This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. 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UDMY

<p>Udemy's price target has been cut from $13.00 to $11.00 by analysts at Robert W. Baird. The stock currently has an "outperform" rating. Other analysts have also reduced their price targets for Udemy. The stock is currently trading at $9.24, with a 52-week high of $16.01. Insiders have recently sold a significant amount of shares.</p>

Udemy (NASDAQ:UDMY) Price Target Cut to $11.00 by Analysts at Robert W. Baird