Udemy, Inc. (NASDAQ:UDMY) CEO Hugo Sarrazin Acquires 5,432 Shares

Udemy, Inc. (NASDAQ:UDMY) CEO Hugo Sarrazin bought 5,432 shares of Udemy stock in a transaction that occurred on Thursday, May 15th. The shares were acquired at an average price of $6.99 per share, with a total value of $37,969.68. Following the acquisition, the chief executive officer now directly owns 8,832 shares of the company’s stock, valued at $61,735.68. The trade was a 159.76% increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.

Hugo Sarrazin also recently made the following trade(s):

• On Monday, May 19th, Hugo Sarrazin bought 1,768 shares of Udemy stock. The stock was purchased at an average cost of $6.98 per share, with a total value of $12,340.64.
• On Monday, May 12th, Hugo Sarrazin purchased 3,400 shares of Udemy stock. The stock was purchased at an average price of $6.99 per share, with a total value of $23,766.00.

Udemy Stock Performance

Shares of NASDAQ UDMY traded down $0.09 during midday trading on Monday, reaching $6.98. The company’s stock had a trading volume of 657,094 shares, compared to its average volume of 980,944. The company has a market cap of $1.04 billion, a P/E ratio of -12.25 and a beta of 1.82. The business’s 50 day moving average price is $7.10 and its two-hundred day moving average price is $7.94. Udemy, Inc. has a fifty-two week low of $5.68 and a fifty-two week high of $10.61.

Udemy (NASDAQ:UDMY) last announced its quarterly earnings data on Wednesday, April 30th. The company reported $0.12 earnings per share for the quarter, beating the consensus estimate of $0.10 by $0.02. The firm had revenue of $200.30 million during the quarter, compared to analysts’ expectations of $197.19 million. Udemy had a negative return on equity of 27.93% and a negative net margin of 10.84%. The company’s quarterly revenue was up 1.8% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.03 EPS. Sell-side analysts forecast that Udemy, Inc. will post -0.09 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of equities analysts have weighed in on the company. Canaccord Genuity Group lowered their price target on Udemy from $14.00 to $12.00 and set a “buy” rating on the stock in a research report on Thursday, May 1st. William Blair downgraded Udemy from an “outperform” rating to a “market perform” rating in a report on Wednesday, March 12th. Needham & Company LLC reiterated a “buy” rating and issued a $11.00 price objective on shares of Udemy in a report on Thursday, May 1st. Robert W. Baird cut their target price on shares of Udemy from $13.00 to $11.00 and set an “outperform” rating for the company in a research note on Thursday, May 1st. Finally, Truist Financial reiterated a “hold” rating and issued a $7.00 price target (down previously from $10.00) on shares of Udemy in a research note on Monday, April 7th. One research analyst has rated the stock with a sell rating, four have given a hold rating and seven have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $9.86.

Institutional Trading of Udemy

Several institutional investors and hedge funds have recently modified their holdings of the business. SBI Securities Co. Ltd. acquired a new position in Udemy during the fourth quarter worth about $31,000. Quarry LP bought a new position in Udemy in the 4th quarter valued at approximately $34,000. Vega Investment Solutions bought a new stake in shares of Udemy during the fourth quarter worth $46,000. GAMMA Investing LLC increased its holdings in shares of 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 in the last quarter. Finally, Nisa Investment Advisors LLC boosted its holdings in shares of Udemy by 496.7% during the 4th quarter. Nisa Investment Advisors LLC now owns 7,220 shares of the company’s stock valued at $59,000 after acquiring an additional 6,010 shares in the last quarter. 79.48% of the stock is currently owned by institutional investors.

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.