Udemy (UDMY) Expected to Announce Earnings on Wednesday

Udemy (NASDAQ:UDMY - Get Free Report) will likely be releasing its earnings data before the market opens on Wednesday, February 12th. Analysts expect Udemy to post earnings of $0.07 per share for the quarter. Persons that wish to register for the company's earnings conference call can do so using this link.

Udemy Trading Up 0.8 %

UDMY traded up $0.06 during trading hours on Friday, hitting $7.60. The company's stock had a trading volume of 592,398 shares, compared to its average volume of 713,144. The business's 50-day moving average price is $8.09 and its 200-day moving average price is $8.01. Udemy has a 12 month low of $6.67 and a 12 month high of $14.74. The stock has a market cap of $1.11 billion, a price-to-earnings ratio of -12.06 and a beta of 1.85.

Analysts Set New Price Targets

UDMY has been the topic of a number of analyst reports. Cantor Fitzgerald cut their price objective on shares of Udemy from $18.00 to $11.00 and set an "overweight" rating on the stock in a research report on Wednesday, October 30th. Scotiabank initiated 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 on the stock. Finally, Needham & Company LLC reiterated a "buy" rating and set a $11.00 price objective on shares of Udemy in a research report on Friday, January 17th. One analyst has rated the stock with a sell rating, four have given a hold rating and eight have given a buy rating to the company's stock. Based on data from MarketBeat.com, Udemy currently has an average rating of "Moderate Buy" and an average price target of $10.92.

Insider Buying and Selling at Udemy

In other news, CEO Gregory Scott Brown sold 10,000 shares of Udemy stock in a transaction on Friday, December 6th. The stock was sold at an average price of $8.71, for a total transaction of $87,100.00. Following the transaction, the chief executive officer now owns 1,183,086 shares in the company, valued at $10,304,679.06. The trade was a 0.84 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, major shareholder Ltd Naspers sold 3,200,000 shares of Udemy stock in a transaction on Tuesday, January 21st. The stock was sold at an average price of $7.84, for a total value of $25,088,000.00. Following the transaction, the insider now owns 13,920,840 shares in the company, valued at approximately $109,139,385.60. This represents a 18.69 % decrease in their position. The disclosure for this sale can be found here. 3.20% of the stock is currently owned by insiders.

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.