Udemy, Inc. (NASDAQ:UDMY - Get Free Report) CEO Gregory Scott Brown sold 10,000 shares of the company's stock in a transaction on Thursday, March 6th. The shares were sold at an average price of $9.43, for a total value of $94,300.00. Following the completion of the transaction, the chief executive officer now directly owns 1,141,896 shares in the company, valued at $10,768,079.28. This trade represents a 0.87 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link.
Udemy Price Performance
NASDAQ:UDMY traded up $0.02 during trading hours on Tuesday, hitting $9.10. 563,540 shares of the company were exchanged, compared to its average volume of 882,887. Udemy, Inc. has a 52-week low of $6.67 and a 52-week high of $11.65. The company's 50 day moving average price is $8.56 and its 200-day moving average price is $8.23. The stock has a market capitalization of $1.34 billion, a price-to-earnings ratio of -15.90 and a beta of 1.76.
Udemy (NASDAQ:UDMY - Get Free Report) last announced its quarterly earnings data on Thursday, February 13th. The company reported ($0.03) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.07 by ($0.10). Udemy had a negative return on equity of 27.93% and a negative net margin of 10.84%. The firm had revenue of $199.94 million during the quarter, compared to analysts' expectations of $194.70 million. On average, equities analysts predict that Udemy, Inc. will post -0.09 earnings per share for the current year.
Analyst Ratings Changes
UDMY has been the topic of several recent analyst reports. Needham & Company LLC reaffirmed a "buy" rating and issued a $11.00 price target on shares of Udemy in a research note on Friday, February 14th. Scotiabank assumed coverage on shares of Udemy in a research report on Thursday, December 5th. They set a "sector outperform" rating and a $10.00 target price on the stock. Canaccord Genuity Group lifted their price target on shares of Udemy from $12.00 to $14.00 and gave the company a "buy" rating in a research note on Friday, February 14th. Finally, Morgan Stanley increased their price objective on Udemy from $7.50 to $9.00 and gave the stock an "underweight" rating in a research note on Thursday, February 20th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and eight have given a buy rating to the company's stock. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average target price of $10.95.
Read Our Latest Analysis on Udemy
Institutional Inflows and Outflows
Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Harbor Capital Advisors Inc. grew its stake in shares of Udemy by 28.9% during the 3rd quarter. Harbor Capital Advisors Inc. now owns 20,433 shares of the company's stock worth $152,000 after purchasing an additional 4,581 shares during the period. Entropy Technologies LP acquired a new stake in shares of Udemy during the 3rd quarter valued at about $178,000. Victory Capital Management Inc. purchased a new position in shares of Udemy in the 3rd quarter valued at about $75,000. Royce & Associates LP boosted its position in Udemy by 1.1% during the third quarter. Royce & Associates LP now owns 944,059 shares of the company's stock worth $7,024,000 after purchasing an additional 10,650 shares in the last quarter. Finally, Intech Investment Management LLC acquired a new stake in Udemy in the third quarter valued at approximately $161,000. 79.48% of the stock is currently owned by institutional investors and hedge funds.
About Udemy
(
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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.
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