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

Udemy, Inc. (NASDAQ:UDMY - Get Free Report) CFO Sarah Blanchard sold 25,000 shares of the company's stock in a transaction on Friday, June 13th. The shares were sold at an average price of $6.99, for a total transaction of $174,750.00. Following the sale, the chief financial officer now owns 1,077,097 shares of the company's stock, valued at $7,528,908.03. The trade was a 2.27% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website.

Udemy Trading Down 0.3%

UDMY traded down $0.02 during trading on Thursday, hitting $6.89. The company had a trading volume of 1,087,596 shares, compared to its average volume of 986,471. Udemy, Inc. has a one year low of $5.68 and a one year high of $10.61. The firm's 50-day moving average price is $6.89 and its 200 day moving average price is $7.79.

Udemy (NASDAQ:UDMY - Get Free Report) last posted its quarterly earnings data on Wednesday, April 30th. The company reported $0.12 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.10 by $0.02. Udemy had a negative net margin of 8.70% and a negative return on equity of 22.68%. The company had revenue of $200.30 million for the quarter, compared to the consensus estimate of $197.19 million. During the same period last year, the company earned $0.03 earnings per share. The firm's revenue was up 1.8% compared to the same quarter last year. As a group, research analysts anticipate that Udemy, Inc. will post -0.09 EPS for the current fiscal year.

Institutional Trading of Udemy

Hedge funds and other institutional investors have recently modified their holdings of the stock. SBI Securities Co. Ltd. bought a new position in Udemy in the fourth quarter valued at approximately $31,000. Quarry LP acquired a new stake in shares of Udemy in the 4th quarter valued at approximately $34,000. Vega Investment Solutions bought a new position in shares of Udemy in the fourth quarter valued at $46,000. GAMMA Investing LLC increased its holdings in Udemy by 558.3% during the first quarter. GAMMA Investing LLC now owns 6,945 shares of the company's stock worth $54,000 after buying an additional 5,890 shares during the last quarter. Finally, State of Wyoming acquired a new position in Udemy during the fourth quarter worth $59,000. Institutional investors and hedge funds own 79.48% of the company's stock.

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on the company. Robert W. Baird decreased their target price on Udemy from $13.00 to $11.00 and set an "outperform" rating for the company in a research report on Thursday, May 1st. Needham & Company LLC restated a "buy" rating and set a $11.00 price objective on shares of Udemy in a report on Thursday, May 1st. Wall Street Zen raised shares of Udemy from a "buy" rating to a "strong-buy" rating in a research note on Saturday, June 7th. JPMorgan Chase & Co. reduced their price target on shares of Udemy from $11.00 to $8.00 and set a "neutral" rating on the stock in a research report on Thursday, April 24th. Finally, Truist Financial reissued a "hold" rating and issued a $7.00 price target (down previously from $10.00) on shares of Udemy in a report on Monday, April 7th. Five research analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average target price of $10.05.

About Udemy

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.