Udemy, Inc. (NASDAQ:UDMY) CFO Sells $174,750.00 in Stock

Udemy, Inc. (NASDAQ:UDMY - Get Free Report) CFO Sarah Blanchard sold 25,000 shares of the business's stock in a transaction dated Friday, June 13th. The shares were sold at an average price of $6.99, for a total value of $174,750.00. Following the completion of the transaction, the chief financial officer now directly owns 1,077,097 shares of the company's stock, valued at approximately $7,528,908.03. The trade was a 2.27% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink.

Udemy Stock Up 1.9%

Shares of NASDAQ UDMY traded up $0.13 during trading hours on Monday, hitting $7.03. The company had a trading volume of 1,016,432 shares, compared to its average volume of 985,158. The stock has a market capitalization of $1.05 billion, a P/E ratio of -12.33 and a beta of 1.81. Udemy, Inc. has a 1-year low of $5.68 and a 1-year high of $10.61. The firm's 50 day moving average is $6.87 and its 200-day moving average is $7.81.

Udemy (NASDAQ:UDMY - Get Free Report) last released its quarterly earnings data on Wednesday, April 30th. The company reported $0.12 EPS for the quarter, beating the consensus estimate of $0.10 by $0.02. The company had revenue of $200.30 million during the quarter, compared to the consensus estimate of $197.19 million. Udemy had a negative return on equity of 27.93% and a negative net margin of 10.84%. The firm's revenue for the quarter was up 1.8% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.03 EPS. On average, sell-side analysts predict that Udemy, Inc. will post -0.09 earnings per share for the current year.

Institutional Investors Weigh In On Udemy

Several large investors have recently made changes to their positions in UDMY. SBI Securities Co. Ltd. bought a new stake in Udemy in the 4th quarter valued at $31,000. Quarry LP bought a new stake in Udemy in the 4th quarter valued at $34,000. Vega Investment Solutions bought a new stake in Udemy in the 4th quarter valued at $46,000. GAMMA Investing LLC raised its stake in Udemy by 558.3% in the 1st quarter. GAMMA Investing LLC now owns 6,945 shares of the company's stock valued at $54,000 after acquiring an additional 5,890 shares during the period. Finally, State of Wyoming bought a new stake in Udemy in the 4th quarter valued at $59,000. Institutional investors and hedge funds own 79.48% of the company's stock.

Analyst Ratings Changes

A number of research firms have issued reports on UDMY. William Blair cut Udemy from an "outperform" rating to a "market perform" rating in a research note on Wednesday, March 12th. Morgan Stanley raised Udemy from an "underweight" rating to an "equal weight" rating and lifted their target price for the company from $7.00 to $9.00 in a research report on Thursday, June 5th. Truist Financial reaffirmed a "hold" rating and set a $7.00 price target (down previously from $10.00) on shares of Udemy in a research report on Monday, April 7th. Wall Street Zen raised Udemy from a "buy" rating to a "strong-buy" rating in a research report on Saturday, June 7th. Finally, JPMorgan Chase & Co. reduced their price target on Udemy from $11.00 to $8.00 and set a "neutral" rating for the company in a research report on Thursday, April 24th. Five investment analysts have rated the stock with a hold rating, seven have given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the stock currently has a consensus 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.

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