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

Udemy, Inc. (NASDAQ:UDMY - Get Free Report) Director Heather Hiles sold 14,840 shares of the company's stock in a transaction on Wednesday, February 19th. The stock was sold at an average price of $9.81, for a total value of $145,580.40. Following the sale, the director now owns 42,667 shares of the company's stock, valued at $418,563.27. The trade was a 25.81 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.

Udemy Price Performance

UDMY stock traded down $0.01 during mid-day trading on Friday, hitting $9.79. 1,002,192 shares of the stock were exchanged, compared to its average volume of 1,057,160. The business has a fifty day moving average price of $8.19 and a 200 day moving average price of $8.04. Udemy, Inc. has a 12 month low of $6.67 and a 12 month high of $11.65. The stock has a market capitalization of $1.43 billion, a price-to-earnings ratio of -17.17 and a beta of 1.85.

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 analysts' consensus estimates of $0.07 by ($0.10). Udemy had a negative return on equity of 26.50% and a negative net margin of 10.84%. The firm had revenue of $199.94 million during the quarter, compared to the consensus estimate of $194.70 million. As a group, equities analysts forecast that Udemy, Inc. will post -0.15 EPS for the current fiscal year.

Hedge Funds Weigh In On Udemy

Several institutional investors and hedge funds have recently made changes to their positions in UDMY. Point72 DIFC Ltd purchased a new stake in Udemy during the third quarter valued at about $30,000. SBI Securities Co. Ltd. bought a new stake in shares of Udemy in the 4th quarter valued at about $31,000. Quarry LP purchased a new stake in Udemy during the 4th quarter valued at about $34,000. Vega Investment Solutions bought a new position in Udemy during the 4th quarter worth approximately $46,000. Finally, Nisa Investment Advisors LLC increased its stake in Udemy by 496.7% in the 4th quarter. Nisa Investment Advisors LLC now owns 7,220 shares of the company's stock worth $59,000 after purchasing an additional 6,010 shares during the period. Institutional investors own 79.48% of the company's stock.

Analysts Set New Price Targets

UDMY has been the topic of several research reports. Needham & Company LLC restated a "buy" rating and set a $11.00 price target on shares of Udemy in a report on Friday, February 14th. Canaccord Genuity Group upped their price target on shares of Udemy from $12.00 to $14.00 and gave the company a "buy" rating in a research report on Friday, February 14th. Scotiabank began coverage on shares of Udemy in a report on Thursday, December 5th. They set a "sector outperform" rating and a $10.00 price target on the stock. Morgan Stanley increased their price objective on Udemy from $7.50 to $9.00 and gave the company an "underweight" rating in a report on Thursday. Finally, Cantor Fitzgerald cut their target price on Udemy from $18.00 to $11.00 and set an "overweight" rating on the stock in a report on Wednesday, October 30th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and eight have issued a buy rating to the company's stock. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and an average target price of $10.95.

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.