Udemy, Inc. (NASDAQ:UDMY - Get Free Report) CTO Venu Venugopal sold 7,086 shares of the company's stock in a transaction on Friday, May 17th. The shares were sold at an average price of $9.89, for a total value of $70,080.54. Following the completion of the sale, the chief technology officer now owns 429,927 shares of the company's stock, valued at $4,251,978.03. The sale was disclosed in a filing with the SEC, which can be accessed through this link.
Venu Venugopal also recently made the following trade(s):
- On Tuesday, February 20th, Venu Venugopal sold 6,981 shares of Udemy stock. The shares were sold at an average price of $10.82, for a total transaction of $75,534.42.
Udemy Stock Up 0.5 %
NASDAQ:UDMY traded up $0.05 on Friday, reaching $9.94. 511,527 shares of the company's stock were exchanged, compared to its average volume of 907,714. The business has a fifty day moving average of $10.45 and a 200-day moving average of $12.34. Udemy, Inc. has a 52-week low of $8.60 and a 52-week high of $16.01. The firm has a market capitalization of $1.52 billion, a price-to-earnings ratio of -18.66 and a beta of 2.12.
Udemy (NASDAQ:UDMY - Get Free Report) last released its earnings results on Wednesday, February 14th. The company reported ($0.12) earnings per share (EPS) for the quarter, topping analysts' consensus estimates of ($0.16) by $0.04. The company had revenue of $189.55 million for the quarter, compared to analyst estimates of $185.71 million. Udemy had a negative net margin of 10.82% and a negative return on equity of 23.10%. As a group, equities analysts anticipate that Udemy, Inc. will post -0.45 earnings per share for the current year.
Analyst Upgrades and Downgrades
UDMY has been the topic of a number of analyst reports. Robert W. Baird reduced their target price on shares of Udemy from $15.00 to $13.00 and set an "outperform" rating on the stock in a research note on Friday, May 3rd. Piper Sandler reaffirmed a "neutral" rating and set a $13.00 price target on shares of Udemy in a research report on Thursday, February 15th. Jefferies Financial Group lowered their price objective on Udemy from $14.00 to $11.00 and set a "hold" rating for the company in a research report on Monday, April 29th. Cantor Fitzgerald restated an "overweight" rating and issued a $20.00 target price on shares of Udemy in a research report on Friday, May 3rd. Finally, JPMorgan Chase & Co. increased their price target on Udemy from $11.00 to $12.00 and gave the stock a "neutral" rating in a report on Thursday, February 15th. Four analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $13.90.
Read Our Latest Report on Udemy
Institutional Trading of Udemy
A number of large investors have recently modified their holdings of UDMY. Vanguard Group Inc. grew its stake in Udemy by 1.2% during the 1st quarter. Vanguard Group Inc. now owns 9,472,216 shares of the company's stock worth $104,005,000 after purchasing an additional 116,346 shares in the last quarter. Greenvale Capital LLP boosted its stake in shares of Udemy by 2.3% in the 4th quarter. Greenvale Capital LLP now owns 6,600,000 shares of the company's stock valued at $97,218,000 after buying an additional 150,000 shares during the period. Invenomic Capital Management LP boosted its stake in shares of 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 during the period. Sea Cliff Partners Management LP acquired a new position in shares of Udemy during the fourth quarter worth about $25,661,000. Finally, Inflection Point Investments LLP purchased a new stake in shares of Udemy during the fourth quarter worth approximately $21,390,000. Hedge funds and other institutional investors own 79.48% of the company's stock.
About Udemy
(
Get Free Report)
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.
Featured Articles
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. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.
Before you consider Udemy, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Udemy wasn't on the list.
While Udemy currently has a "Moderate Buy" rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Looking to avoid the hassle of mudslinging, volatility, and uncertainty? You'd need to be out of the market, which isn’t viable. So where should investors put their money? Find out with this report.
Get This Free Report
