Sarah Blanchard Sells 25,000 Shares of Udemy (NASDAQ:UDMY) Stock

Key Points

• Sarah Blanchard, CFO of Udemy, sold 25,000 shares of the company's stock for a total of $177,000, reducing her ownership by 1.90% to approximately 1.29 million shares.
• Udemy initiated a $50 million share buyback plan, which allows the company to repurchase up to 5% of its outstanding shares, reflecting confidence in the stock's value.
• Despite a negative net margin of 3.85%, Udemy reported a revenue increase of 2.8% year-over-year, achieving $199.88 million for the last quarter, surpassing analyst expectations.

Udemy, Inc. (NASDAQ:UDMY - Get Free Report) CFO Sarah Blanchard sold 25,000 shares of the firm's stock in a transaction that occurred on Monday, September 15th. The stock was sold at an average price of $7.08, for a total transaction of $177,000.00. Following the sale, the chief financial officer directly owned 1,287,953 shares in the company, valued at $9,118,707.24. The trade was a 1.90% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink.

Udemy Trading Down 2.6%

UDMY traded down $0.19 on Friday, hitting $7.25. 2,101,971 shares of the company's stock were exchanged, compared to its average volume of 1,649,710. Udemy, Inc. has a fifty-two week low of $5.68 and a fifty-two week high of $10.61. The firm has a 50-day moving average price of $7.02 and a 200-day moving average price of $7.13. The stock has a market cap of $1.09 billion, a price-to-earnings ratio of -34.52 and a beta of 1.77.

Udemy (NASDAQ:UDMY - Get Free Report) last posted its quarterly earnings results on Wednesday, July 30th. The company reported $0.16 EPS for the quarter, topping the consensus estimate of $0.12 by $0.04. The business had revenue of $199.88 million for the quarter, compared to analyst estimates of $196.74 million. Udemy had a negative return on equity of 5.19% and a negative net margin of 3.85%.The company's quarterly revenue was up 2.8% compared to the same quarter last year. During the same quarter in the previous year, the firm earned ($0.04) EPS. Udemy has set its FY 2025 guidance at EPS. Q3 2025 guidance at EPS. On average, equities analysts predict that Udemy, Inc. will post -0.09 EPS for the current year.

Udemy declared that its Board of Directors has approved a share buyback program on Wednesday, September 10th that authorizes the company to buyback $50.00 million in shares. This buyback authorization authorizes the company to purchase up to 5% of its shares through open market purchases. Shares buyback programs are typically an indication that the company's board believes its stock is undervalued.

Analysts Set New Price Targets

UDMY has been the subject of a number of analyst reports. Morgan Stanley raised Udemy from an "underweight" rating to an "equal weight" rating and boosted their price objective for the stock from $7.00 to $9.00 in a research report on Thursday, June 5th. Cantor Fitzgerald increased their price objective on Udemy from $9.00 to $10.00 and gave the company an "overweight" rating in a report on Thursday, July 31st. Needham & Company LLC restated a "buy" rating and set a $11.00 price target on shares of Udemy in a research note on Thursday, July 31st. Wall Street Zen upgraded Udemy from a "buy" rating to a "strong-buy" rating in a research report on Saturday, August 2nd. Finally, Zacks Research lowered Udemy from a "strong-buy" rating to a "hold" rating in a research note on Tuesday, September 2nd. Five equities research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company's stock. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus target price of $9.75.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of the business. Vanguard Group Inc. grew its stake in shares of Udemy by 12.2% in the first quarter. Vanguard Group Inc. now owns 10,663,298 shares of the company's stock worth $82,747,000 after purchasing an additional 1,156,006 shares in the last quarter. Assenagon Asset Management S.A. lifted its stake in Udemy by 1,814.5% in the 1st quarter. Assenagon Asset Management S.A. now owns 2,678,641 shares of the company's stock worth $20,786,000 after acquiring an additional 2,538,728 shares in the last quarter. Geode Capital Management LLC increased its position in Udemy by 3.7% in the 2nd quarter. Geode Capital Management LLC now owns 2,313,651 shares of the company's stock worth $16,267,000 after purchasing an additional 81,599 shares during the last quarter. Federated Hermes Inc. increased its position in Udemy by 0.4% in the 2nd quarter. Federated Hermes Inc. now owns 1,386,268 shares of the company's stock worth $9,745,000 after purchasing an additional 5,990 shares during the last quarter. Finally, Cubist Systematic Strategies LLC increased its holdings in shares of Udemy by 100.9% during the 2nd quarter. Cubist Systematic Strategies LLC now owns 1,008,906 shares of the company's stock valued at $7,093,000 after acquiring an additional 506,678 shares during the last quarter. Institutional investors own 79.48% of the company's stock.

Udemy Company 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.