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

Udemy, Inc. (NASDAQ:UDMY) CFO Sarah Blanchard sold 25,000 shares of Udemy stock in a transaction on Monday, December 15th. The stock was sold at an average price of $5.25, for a total transaction of $131,250.00. Following the transaction, the chief financial officer directly owned 1,208,046 shares of the company’s stock, valued at $6,342,241.50. This represents a 2.03% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link.

Udemy Trading Up 1.9%

Shares of Udemy stock opened at $5.37 on Wednesday. The business has a 50-day moving average price of $5.70 and a two-hundred day moving average price of $6.57. Udemy, Inc. has a 1-year low of $4.86 and a 1-year high of $10.61. The company has a market cap of $786.06 million, a P/E ratio of -178.94 and a beta of 1.74.

Udemy (NASDAQ:UDMY) last announced its quarterly earnings data on Wednesday, October 29th. The company reported $0.13 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.10 by $0.03. Udemy had a positive return on equity of 2.11% and a negative net margin of 0.47%.The company had revenue of $195.68 million for the quarter, compared to the consensus estimate of $193.09 million. During the same period in the previous year, the business earned $0.07 EPS. The firm’s revenue was up .1% compared to the same quarter last year. Equities research analysts forecast that Udemy, Inc. will post -0.09 EPS for the current fiscal year.

Udemy declared that its board has initiated a share repurchase program on Wednesday, September 10th that allows the company to buyback $50.00 million in outstanding shares. This buyback authorization allows the company to repurchase up to 5% of its stock through open market purchases. Stock buyback programs are generally a sign that the company’s board believes its shares are undervalued.

Wall Street Analysts Forecast Growth

Several analysts have recently commented on the stock. Weiss Ratings reiterated a “sell (e+)” rating on shares of Udemy in a research note on Wednesday, October 8th. Wall Street Zen upgraded shares of Udemy from a “buy” rating to a “strong-buy” rating in a report on Sunday, December 7th. KeyCorp reaffirmed an “overweight” rating on shares of Udemy in a research note on Thursday, December 11th. Canaccord Genuity Group reissued a “buy” rating and set a $12.00 price objective on shares of Udemy in a research report on Thursday, October 30th. Finally, Zacks Research lowered Udemy from a “strong-buy” rating to a “hold” rating in a research report on Friday, November 28th. Five equities research analysts have rated the stock with a Buy rating, five have given a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $9.63.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the business. Focus Partners Wealth grew its stake in Udemy by 1.9% in the 1st quarter. Focus Partners Wealth now owns 79,437 shares of the company’s stock valued at $616,000 after purchasing an additional 1,468 shares during the period. Rhumbline Advisers boosted its holdings in shares of Udemy by 1.2% in the 1st quarter. Rhumbline Advisers now owns 132,289 shares of the company’s stock worth $1,027,000 after buying an additional 1,613 shares during the last quarter. HighTower Advisors LLC grew its position in Udemy by 7.8% during the first quarter. HighTower Advisors LLC now owns 22,551 shares of the company’s stock valued at $175,000 after buying an additional 1,641 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its holdings in Udemy by 4.6% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 54,071 shares of the company’s stock worth $420,000 after buying an additional 2,399 shares during the last quarter. Finally, The Manufacturers Life Insurance Company raised its position in Udemy by 5.4% in the second quarter. The Manufacturers Life Insurance Company now owns 50,299 shares of the company’s stock worth $354,000 after acquiring an additional 2,597 shares during the period. 79.48% of the stock is owned by institutional investors.

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.