Hugo Sarrazin Acquires 1,768 Shares of Udemy, Inc. (NASDAQ:UDMY) Stock

Udemy, Inc. (NASDAQ:UDMY) CEO Hugo Sarrazin acquired 1,768 shares of Udemy stock in a transaction on Monday, May 19th. The shares were bought at an average price of $6.98 per share, with a total value of $12,340.64. Following the completion of the transaction, the chief executive officer now directly owns 10,600 shares of the company’s stock, valued at $73,988. This trade represents a 20.02% increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available at this hyperlink.

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

• On Thursday, May 15th, Hugo Sarrazin bought 5,432 shares of Udemy stock. The stock was purchased at an average price of $6.99 per share, for a total transaction of $37,969.68.
• On Monday, May 12th, Hugo Sarrazin acquired 3,400 shares of Udemy stock. The stock was purchased at an average price of $6.99 per share, for a total transaction of $23,766.00.

Udemy Trading Up 0.1%

Shares of UDMY opened at $6.99 on Wednesday. The stock’s 50 day moving average is $7.06 and its two-hundred day moving average is $7.92. Udemy, Inc. has a twelve month low of $5.68 and a twelve month high of $10.61. The firm has a market capitalization of $1.04 billion, a PE ratio of -12.26 and a beta of 1.82.

Udemy (NASDAQ:UDMY) last announced its quarterly earnings results 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 10.84% and a negative return on equity of 27.93%. The business had revenue of $200.30 million during the quarter, compared to the consensus estimate of $197.19 million. During the same quarter last year, the firm posted $0.03 EPS. The business’s revenue was up 1.8% compared to the same quarter last year. On average, sell-side analysts predict that Udemy, Inc. will post -0.09 EPS for the current year.

Institutional Trading of Udemy

Several large investors have recently modified their holdings of the business. Focus Partners Wealth raised its position in shares of Udemy by 1.9% in the first quarter. Focus Partners Wealth now owns 79,437 shares of the company’s stock valued at $616,000 after buying an additional 1,468 shares during the last quarter. HighTower Advisors LLC boosted its position in Udemy by 7.8% during the first quarter. HighTower Advisors LLC now owns 22,551 shares of the company’s stock worth $175,000 after acquiring an additional 1,641 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its stake in Udemy by 4.6% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 54,071 shares of the company’s stock worth $420,000 after acquiring an additional 2,399 shares during the period. MetLife Investment Management LLC raised its holdings in Udemy by 6.2% in the 4th quarter. MetLife Investment Management LLC now owns 59,465 shares of the company’s stock valued at $489,000 after acquiring an additional 3,450 shares during the last quarter. Finally, SBI Securities Co. Ltd. acquired a new position in Udemy in the 4th quarter valued at $31,000. 79.48% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of research analysts have weighed in on UDMY shares. Morgan Stanley decreased their target price on shares of Udemy from $9.00 to $7.00 and set an “underweight” rating on the stock in a research note on Wednesday, April 16th. Cantor Fitzgerald cut their price target on Udemy from $11.00 to $9.00 and set an “overweight” rating for the company in a report on Thursday, May 1st. William Blair downgraded Udemy from an “outperform” rating to a “market perform” rating in a research report on Wednesday, March 12th. JPMorgan Chase & Co. lowered their price objective on Udemy from $11.00 to $8.00 and set a “neutral” rating on the stock in a research note on Thursday, April 24th. Finally, Robert W. Baird dropped their target price on Udemy from $13.00 to $11.00 and set an “outperform” rating for the company in a report on Thursday, May 1st. One investment analyst has rated the stock with a sell rating, four have given a hold rating and seven have given a buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $9.86.

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.