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

Udemy, Inc. (NASDAQ:UDMY) CFO Sarah Blanchard sold 25,000 shares of the firm’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 completion of the transaction, the chief financial officer now directly owns 1,077,097 shares in the company, valued at $7,528,908.03. This trade represents a 2.27% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link.

Udemy Price Performance

NASDAQ UDMY opened at $6.91 on Wednesday. The stock has a market capitalization of $1.03 billion, a price-to-earnings ratio of -15.02 and a beta of 1.81. Udemy, Inc. has a one year low of $5.68 and a one year high of $10.61. The business’s fifty day moving average is $6.87 and its 200-day moving average is $7.80.

Udemy (NASDAQ:UDMY) last announced its quarterly earnings data on Wednesday, April 30th. The company reported $0.12 EPS for the quarter, topping the consensus estimate of $0.10 by $0.02. The business had revenue of $200.30 million for the quarter, compared to analyst estimates of $197.19 million. Udemy had a negative net margin of 8.70% and a negative return on equity of 22.68%. The company’s revenue for the quarter was up 1.8% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.03 earnings per share. Research analysts expect that Udemy, Inc. will post -0.09 EPS for the current fiscal year.

Institutional Investors Weigh In On Udemy

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

Analyst Ratings Changes

Several brokerages recently weighed in on UDMY. Wall Street Zen raised shares of Udemy from a “buy” rating to a “strong-buy” rating in a research report on Saturday, June 7th. Robert W. Baird dropped their target price on Udemy from $13.00 to $11.00 and set an “outperform” rating on the stock in a report on Thursday, May 1st. Canaccord Genuity Group dropped their target price on Udemy from $14.00 to $12.00 and set a “buy” rating on the stock in a report on Thursday, May 1st. Cantor Fitzgerald dropped their price objective on Udemy from $11.00 to $9.00 and set an “overweight” rating on the stock in a research note on Thursday, May 1st. Finally, Truist Financial restated a “hold” rating and set a $7.00 price objective (down from $10.00) on shares of Udemy in a research note on Monday, April 7th. Five analysts have rated the stock with a hold rating, seven have given a buy rating and one has given a strong buy rating to the company. According to MarketBeat, Udemy has an average rating of “Moderate Buy” and a consensus price target 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.