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

Udemy, Inc. (NASDAQ:UDMY) CFO Sarah Blanchard sold 25,000 shares of the firm’s stock in a transaction dated Friday, March 13th. The shares were sold at an average price of $4.78, for a total value of $119,500.00. Following the completion of the sale, the chief financial officer owned 1,455,763 shares of the company’s stock, valued at approximately $6,958,547.14. This represents a 1.69% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.

Udemy Trading Up 0.2%

Udemy stock traded up $0.01 during midday trading on Monday, reaching $4.78. The stock had a trading volume of 1,216,179 shares, compared to its average volume of 1,813,733. The company has a fifty day moving average price of $4.97 and a two-hundred day moving average price of $5.71. Udemy, Inc. has a 12 month low of $4.35 and a 12 month high of $8.92. The company has a market capitalization of $697.02 million, a P/E ratio of 239.12 and a beta of 1.70.

Udemy (NASDAQ:UDMY) last announced its quarterly earnings results on Thursday, February 5th. The company reported $0.12 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.10 by $0.02. Udemy had a return on equity of 4.84% and a net margin of 0.48%.The business had revenue of $193.99 million for the quarter, compared to analyst estimates of $193.40 million. During the same quarter in the prior year, the company earned $0.10 earnings per share. The company’s quarterly revenue was down 3.0% on a year-over-year basis. On average, equities research analysts predict that Udemy, Inc. will post -0.09 earnings per share for the current fiscal year.

Analysts Set New Price Targets

UDMY has been the topic of a number of recent research reports. Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Udemy in a research note on Wednesday, January 21st. Wall Street Zen raised shares of Udemy from a “buy” rating to a “strong-buy” rating in a research report on Sunday, December 7th. Canaccord Genuity Group set a $5.00 price target on Udemy in a research note on Monday, February 9th. Zacks Research downgraded Udemy from a “strong-buy” rating to a “hold” rating in a research note on Friday, November 28th. Finally, KeyCorp cut Udemy from an “overweight” rating to a “sector weight” rating in a research report on Tuesday, January 13th. Three analysts have rated the stock with a Buy rating, six have issued a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, the company presently has an average rating of “Hold” and an average target price of $8.75.

Hedge Funds Weigh In On Udemy

Hedge funds and other institutional investors have recently modified their holdings of the business. Osaic Holdings Inc. purchased a new stake in shares of Udemy during the second quarter valued at approximately $56,000. State of Alaska Department of Revenue purchased a new stake in shares of Udemy during the 3rd quarter valued at $56,000. CIBC Bancorp USA Inc. bought a new stake in shares of Udemy during the 3rd quarter worth $73,000. Prelude Capital Management LLC purchased a new position in shares of Udemy in the 3rd quarter worth about $79,000. Finally, Prudential Financial Inc. bought a new position in Udemy during the second quarter valued at about $79,000. Hedge funds and other institutional investors own 79.48% of the company’s stock.

About Udemy

Udemy, Inc (NASDAQ: UDMY) operates a leading online learning marketplace that connects learners and instructors across a wide range of subject areas. The company’s platform hosts thousands of self-paced video courses covering technology, business, personal development, creative arts and more. Individual learners can purchase courses on demand, while instructors receive revenue share for teaching content to a global audience.

In addition to its consumer-facing marketplace, Udemy provides enterprise learning solutions under the Udemy for Business brand.