Udemy, Inc. (NASDAQ:UDMY - Get Free Report) CFO Sarah Blanchard sold 25,000 shares of the company's stock in a transaction on Friday, March 13th. The shares were sold at an average price of $4.78, for a total transaction of $119,500.00. Following the sale, the chief financial officer directly owned 1,455,763 shares in the company, valued at approximately $6,958,547.14. The trade was a 1.69% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.
Udemy Stock Up 0.2%
UDMY stock opened at $4.78 on Tuesday. Udemy, Inc. has a 52 week low of $4.35 and a 52 week high of $8.92. The firm has a market capitalization of $697.02 million, a P/E ratio of 239.12 and a beta of 1.70. The company has a fifty day simple moving average of $4.97 and a two-hundred day simple moving average of $5.71.
Udemy (NASDAQ:UDMY - Get Free Report) last posted its earnings results on Thursday, February 5th. The company reported $0.12 earnings per share for the quarter, topping analysts' consensus estimates of $0.10 by $0.02. The firm had revenue of $193.99 million for the quarter, compared to the consensus estimate of $193.40 million. Udemy had a net margin of 0.48% and a return on equity of 4.84%. The business's quarterly revenue was down 3.0% on a year-over-year basis. During the same period in the previous year, the firm posted $0.10 EPS. As a group, analysts anticipate that Udemy, Inc. will post -0.09 EPS for the current year.
Institutional Trading of Udemy
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in UDMY. PEAK6 LLC boosted its position in shares of Udemy by 191.6% during the fourth quarter. PEAK6 LLC now owns 26,440 shares of the company's stock valued at $155,000 after buying an additional 17,373 shares during the period. Caitong International Asset Management Co. Ltd raised its holdings in shares of Udemy by 76,393.8% in the fourth quarter. Caitong International Asset Management Co. Ltd now owns 12,239 shares of the company's stock worth $72,000 after buying an additional 12,223 shares during the period. Pacer Advisors Inc. purchased a new stake in shares of Udemy in the fourth quarter worth approximately $2,683,000. Invesco Ltd. lifted its stake in shares of Udemy by 28.2% during the 4th quarter. Invesco Ltd. now owns 208,851 shares of the company's stock worth $1,222,000 after acquiring an additional 45,976 shares during the last quarter. Finally, Mercer Global Advisors Inc. ADV lifted its stake in shares of Udemy by 15.2% during the 4th quarter. Mercer Global Advisors Inc. ADV now owns 27,016 shares of the company's stock worth $158,000 after acquiring an additional 3,573 shares during the last quarter. 79.48% of the stock is owned by hedge funds and other institutional investors.
Wall Street Analyst Weigh In
A number of equities research analysts have issued reports on UDMY shares. Weiss Ratings restated a "sell (e+)" rating on shares of Udemy in a research report on Wednesday, January 21st. Canaccord Genuity Group set a $5.00 target price on Udemy in a report on Monday, February 9th. Zacks Research downgraded Udemy from a "strong-buy" rating to a "hold" rating in a research report on Friday, November 28th. Wall Street Zen upgraded Udemy from a "buy" rating to a "strong-buy" rating in a report on Sunday, December 7th. Finally, KeyCorp downgraded Udemy from an "overweight" rating to a "sector weight" rating in a research report on Tuesday, January 13th. Three investment analysts have rated the stock with a Buy rating, six have issued a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the stock presently has an average rating of "Hold" and a consensus target price of $8.75.
Check Out Our Latest Stock Analysis on Udemy
Udemy Company Profile
(
Get Free Report)
Udemy, Inc (NASDAQ: UDMY) operates a leading online learning marketplace that connects learners and instructors across a wide range of subject areas. The company's platform hosts thousands of self-paced video courses covering technology, business, personal development, creative arts and more. Individual learners can purchase courses on demand, while instructors receive revenue share for teaching content to a global audience.
In addition to its consumer-facing marketplace, Udemy provides enterprise learning solutions under the Udemy for Business brand.
Further Reading
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