Udemy, Inc. (NASDAQ:UDMY) Director Sells $145,580.40 in Stock

Udemy, Inc. (NASDAQ:UDMYGet Free Report) Director Heather Hiles sold 14,840 shares of the stock in a transaction dated Wednesday, February 19th. The shares were sold at an average price of $9.81, for a total transaction of $145,580.40. Following the completion of the sale, the director now owns 42,667 shares of the company’s stock, valued at approximately $418,563.27. This represents a 25.81 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

Udemy Trading Up 1.5 %

Udemy stock traded up $0.15 during trading on Wednesday, reaching $10.10. The company had a trading volume of 2,518,045 shares, compared to its average volume of 1,034,451. Udemy, Inc. has a 52 week low of $6.67 and a 52 week high of $11.65. The firm’s 50-day simple moving average is $8.16 and its 200 day simple moving average is $8.03. The firm has a market capitalization of $1.47 billion, a price-to-earnings ratio of -17.72 and a beta of 1.85.

Udemy (NASDAQ:UDMYGet Free Report) last posted its quarterly earnings results on Thursday, February 13th. The company reported ($0.03) EPS for the quarter, missing analysts’ consensus estimates of $0.07 by ($0.10). The business had revenue of $199.94 million for the quarter, compared to the consensus estimate of $194.70 million. Udemy had a negative net margin of 10.84% and a negative return on equity of 26.50%. On average, analysts predict that Udemy, Inc. will post -0.22 earnings per share for the current year.

Analyst Ratings Changes

A number of equities research analysts recently issued reports on UDMY shares. Canaccord Genuity Group boosted their price objective on Udemy from $12.00 to $14.00 and gave the company a “buy” rating in a research note on Friday, February 14th. Scotiabank initiated coverage on shares of Udemy in a research note on Thursday, December 5th. They set a “sector outperform” rating and a $10.00 price target on the stock. Cantor Fitzgerald reduced their price objective on shares of Udemy from $18.00 to $11.00 and set an “overweight” rating for the company in a research note on Wednesday, October 30th. Finally, Needham & Company LLC reissued a “buy” rating and set a $11.00 target price on shares of Udemy in a report on Friday, February 14th. One research analyst has rated the stock with a sell rating, two have issued a hold rating and eight have issued a buy rating to the stock. Based on data from MarketBeat, Udemy currently has a consensus rating of “Moderate Buy” and an average price target of $10.82.

Check Out Our Latest Stock Report on Udemy

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in UDMY. SG Americas Securities LLC purchased a new position in shares of Udemy during the third quarter valued at about $181,000. Assenagon Asset Management S.A. grew its position in Udemy by 106.5% in the third quarter. Assenagon Asset Management S.A. now owns 242,791 shares of the company’s stock worth $1,806,000 after acquiring an additional 125,235 shares in the last quarter. Harbor Capital Advisors Inc. grew its position in Udemy by 28.9% in the third quarter. Harbor Capital Advisors Inc. now owns 20,433 shares of the company’s stock worth $152,000 after acquiring an additional 4,581 shares in the last quarter. Entropy Technologies LP purchased a new position in Udemy in the third quarter worth about $178,000. Finally, Victory Capital Management Inc. purchased a new position in Udemy in the third quarter worth about $75,000. Hedge funds and other institutional investors own 79.48% of the company’s stock.

About Udemy

(Get Free Report)

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.

Featured Articles

Insider Buying and Selling by Quarter for Udemy (NASDAQ:UDMY)

Receive News & Ratings for Udemy Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Udemy and related companies with MarketBeat.com's FREE daily email newsletter.