Udemy, Inc. (NASDAQ:UDMY - Get Free Report) CTO Eren Bali sold 10,000 shares of the stock in a transaction dated Friday, March 14th. The shares were sold at an average price of $8.02, for a total transaction of $80,200.00. Following the completion of the transaction, the chief technology officer now owns 2,146,050 shares of the company's stock, valued at $17,211,321. This represents a 0.46 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.
Eren Bali also recently made the following trade(s):
- On Friday, February 14th, Eren Bali sold 69,482 shares of Udemy stock. The stock was sold at an average price of $9.00, for a total value of $625,338.00.
Udemy Price Performance
NASDAQ UDMY remained flat at $8.51 on Friday. 944,517 shares of the company's stock traded hands, compared to its average volume of 901,369. The business's 50-day moving average price is $8.55 and its 200-day moving average price is $8.24. Udemy, Inc. has a 12-month low of $6.67 and a 12-month high of $11.60. The company has a market cap of $1.26 billion, a P/E ratio of -14.93 and a beta of 1.76.
Udemy (NASDAQ:UDMY - Get Free Report) last released its earnings results on Thursday, February 13th. The company reported ($0.03) earnings per share for the quarter, missing the consensus estimate of $0.07 by ($0.10). The business had revenue of $199.94 million for the quarter, compared to analysts' expectations of $194.70 million. Udemy had a negative net margin of 10.84% and a negative return on equity of 27.93%. Equities analysts forecast that Udemy, Inc. will post -0.09 EPS for the current fiscal year.
Analysts Set New Price Targets
UDMY has been the topic of several research analyst reports. William Blair cut Udemy from an "outperform" rating to a "market perform" rating in a research report on Wednesday, March 12th. Needham & Company LLC reaffirmed a "buy" rating and set a $11.00 target price on shares of Udemy in a report on Wednesday, March 12th. Morgan Stanley upped their price target on shares of Udemy from $7.50 to $9.00 and gave the company an "underweight" rating in a report on Thursday, February 20th. Scotiabank began coverage on shares of Udemy in a research report on Thursday, December 5th. They set a "sector outperform" rating and a $10.00 price objective for the company. Finally, Canaccord Genuity Group boosted their target price on shares of Udemy from $12.00 to $14.00 and gave the stock a "buy" rating in a report on Friday, February 14th. One research analyst has rated the stock with a sell rating, three have given a hold rating and eight have issued a buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $10.95.
Check Out Our Latest Report on Udemy
Institutional Trading of Udemy
Hedge funds and other institutional investors have recently modified their holdings of the company. Geode Capital Management LLC grew its stake in Udemy by 0.3% in the third quarter. Geode Capital Management LLC now owns 2,216,868 shares of the company's stock valued at $16,497,000 after purchasing an additional 5,972 shares in the last quarter. State Street Corp grew its holdings in Udemy by 0.8% during the third quarter. State Street Corp now owns 1,934,473 shares of the company's stock valued at $14,392,000 after purchasing an additional 15,339 shares during the last quarter. Federated Hermes Inc. raised its position in shares of Udemy by 1,985.5% in the fourth quarter. Federated Hermes Inc. now owns 1,372,593 shares of the company's stock valued at $11,296,000 after purchasing an additional 1,306,778 shares during the period. FMR LLC grew its stake in Udemy by 2.8% in the 3rd quarter. FMR LLC now owns 1,330,073 shares of the company's stock valued at $9,896,000 after buying an additional 36,380 shares during the last quarter. Finally, Royce & Associates LP raised its holdings in Udemy by 18.6% in the 4th quarter. Royce & Associates LP now owns 1,119,359 shares of the company's stock worth $9,212,000 after acquiring an additional 175,300 shares during the period. 79.48% of the stock is currently owned by hedge funds and other institutional investors.
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.
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