Udemy (NASDAQ:UDMY) CFO Sells $131,250.00 in Stock

Udemy, Inc. (NASDAQ:UDMY) CFO Sarah Blanchard sold 25,000 shares of Udemy stock in a transaction that occurred on Monday, December 15th. The shares were sold at an average price of $5.25, for a total value of $131,250.00. Following the sale, the chief financial officer directly owned 1,208,046 shares in the company, valued at $6,342,241.50. This trade represents a 2.03% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this link.

Udemy Price Performance

Shares of UDMY opened at $6.30 on Friday. The firm has a market cap of $922.19 million, a P/E ratio of -209.93 and a beta of 1.74. Udemy, Inc. has a 1 year low of $4.86 and a 1 year high of $10.61. The company has a 50 day simple moving average of $5.68 and a two-hundred day simple moving average of $6.56.

Udemy (NASDAQ:UDMY) last released its earnings results on Wednesday, October 29th. The company reported $0.13 EPS for the quarter, topping the consensus estimate of $0.10 by $0.03. The firm had revenue of $195.68 million for the quarter, compared to the consensus estimate of $193.09 million. Udemy had a negative net margin of 0.47% and a positive return on equity of 2.11%. The company’s quarterly revenue was up .1% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.07 earnings per share. On average, sell-side analysts anticipate that Udemy, Inc. will post -0.09 earnings per share for the current year.

Udemy declared that its board has approved a stock repurchase plan on Wednesday, September 10th that authorizes the company to buyback $50.00 million in shares. This buyback authorization authorizes the company to reacquire up to 5% of its shares through open market purchases. Shares buyback plans are generally a sign that the company’s leadership believes its shares are undervalued.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the company. Osaic Holdings Inc. bought a new stake in shares of Udemy in the 2nd quarter worth about $56,000. State of Alaska Department of Revenue bought a new stake in Udemy in the third quarter worth about $56,000. New York State Teachers Retirement System purchased a new position in shares of Udemy during the second quarter valued at approximately $58,000. CIBC Bancorp USA Inc. purchased a new stake in shares of Udemy in the third quarter worth approximately $73,000. Finally, Hsbc Holdings PLC bought a new stake in shares of Udemy during the 1st quarter worth approximately $82,000. Institutional investors own 79.48% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts have recently issued reports on UDMY shares. Needham & Company LLC reaffirmed a “buy” rating and issued a $11.00 target price on shares of Udemy in a report on Thursday, October 30th. Zacks Research downgraded Udemy from a “strong-buy” rating to a “hold” rating in a research note on Friday, November 28th. Canaccord Genuity Group cut Udemy from a “buy” rating to a “hold” rating and decreased their price objective for the stock from $12.00 to $7.00 in a report on Wednesday. KeyCorp reissued an “overweight” rating on shares of Udemy in a report on Thursday, December 11th. Finally, Wall Street Zen raised shares of Udemy from a “buy” rating to a “strong-buy” rating in a research note on Sunday, December 7th. Four analysts have rated the stock with a Buy rating, six have issued a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $9.00.

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.