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

Udemy, Inc. (NASDAQ:UDMY) CFO Sarah Blanchard sold 25,000 shares of the firm’s stock in a transaction that occurred on Monday, December 15th. The stock was sold at an average price of $5.25, for a total transaction of $131,250.00. Following the sale, the chief financial officer owned 1,208,046 shares of the company’s stock, valued at approximately $6,342,241.50. The trade was a 2.03% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link.

Udemy Trading Down 1.0%

Shares of NASDAQ UDMY opened at $5.22 on Tuesday. The stock has a fifty day simple moving average of $5.72 and a two-hundred day simple moving average of $6.58. Udemy, Inc. has a 1-year low of $4.86 and a 1-year high of $10.61. The firm has a market cap of $763.37 million, a price-to-earnings ratio of -173.78 and a beta of 1.75.

Udemy (NASDAQ:UDMY) last issued its earnings results on Wednesday, October 29th. The company reported $0.13 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.10 by $0.03. The firm had revenue of $195.68 million for the quarter, compared to analyst estimates of $193.09 million. Udemy had a positive return on equity of 2.11% and a negative net margin of 0.47%.The business’s revenue was up .1% on a year-over-year basis. During the same period in the previous year, the company posted $0.07 earnings per share. Analysts forecast that Udemy, Inc. will post -0.09 EPS for the current year.

Udemy declared that its board has authorized a stock repurchase program on Wednesday, September 10th that allows the company to repurchase $50.00 million in shares. This repurchase authorization allows the company to buy up to 5% of its stock through open market purchases. Stock repurchase programs are usually a sign that the company’s leadership believes its shares are undervalued.

Hedge Funds Weigh In On Udemy

A number of hedge funds have recently added to or reduced their stakes in UDMY. Vanguard Group Inc. raised its stake in shares of Udemy by 12.2% in the first quarter. Vanguard Group Inc. now owns 10,663,298 shares of the company’s stock worth $82,747,000 after purchasing an additional 1,156,006 shares during the last quarter. Invesco Ltd. grew its position in shares of Udemy by 16.9% during the 1st quarter. Invesco Ltd. now owns 96,439 shares of the company’s stock valued at $748,000 after acquiring an additional 13,936 shares during the period. Nuveen LLC purchased a new stake in Udemy in the first quarter worth about $1,718,000. HighTower Advisors LLC raised its stake in Udemy by 7.8% during the 1st 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 period. Finally, Russell Investments Group Ltd. lifted its stake in shares of Udemy by 105.2% during the 1st quarter. Russell Investments Group Ltd. now owns 86,083 shares of the company’s stock valued at $668,000 after buying an additional 44,141 shares in the last quarter. 79.48% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of analysts recently issued reports on UDMY shares. KeyCorp reiterated an “overweight” rating on shares of Udemy in a research note on Thursday. Zacks Research downgraded Udemy from a “strong-buy” rating to a “hold” rating in a report on Friday, November 28th. Canaccord Genuity Group reissued a “buy” rating and issued a $12.00 price target on shares of Udemy in a report on Thursday, October 30th. Wall Street Zen raised Udemy from a “buy” rating to a “strong-buy” rating in a research note on Sunday, December 7th. Finally, Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Udemy in a research report on Wednesday, October 8th. Five research analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $9.63.

Udemy Company Profile

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.