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

Udemy, Inc. (NASDAQ:UDMY) Director Heather Hiles sold 14,840 shares of the stock in a transaction dated Wednesday, February 19th. The stock was sold at an average price of $9.81, for a total value of $145,580.40. Following the transaction, the director now owns 42,667 shares of the company’s stock, valued at approximately $418,563.27. This trade represents a 25.81 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink.

Udemy Trading Down 0.2 %

Shares of NASDAQ:UDMY opened at $9.78 on Friday. Udemy, Inc. has a 52-week low of $6.67 and a 52-week high of $11.65. The company has a 50-day simple moving average of $8.23 and a 200 day simple moving average of $8.06.

Udemy (NASDAQ:UDMY) last released its quarterly earnings data on Thursday, February 13th. The company reported ($0.03) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.07 by ($0.10). Udemy had a negative net margin of 10.84% and a negative return on equity of 27.93%. The business had revenue of $199.94 million during the quarter, compared to analyst estimates of $194.70 million. On average, equities research analysts anticipate that Udemy, Inc. will post -0.09 earnings per share for the current year.

Institutional Investors Weigh In On Udemy

Several hedge funds have recently added to or reduced their stakes in UDMY. Barclays PLC raised its position in shares of Udemy by 360.6% in the third quarter. Barclays PLC now owns 155,719 shares of the company’s stock valued at $1,158,000 after purchasing an additional 121,911 shares during the period. Verition Fund Management LLC bought a new position in Udemy in the 3rd quarter valued at about $1,630,000. Algert Global LLC raised its holdings in Udemy by 45.0% in the 3rd quarter. Algert Global LLC now owns 346,062 shares of the company’s stock valued at $2,575,000 after acquiring an additional 107,390 shares during the period. Assenagon Asset Management S.A. lifted its position in Udemy by 106.5% during the third quarter. Assenagon Asset Management S.A. now owns 242,791 shares of the company’s stock worth $1,806,000 after acquiring an additional 125,235 shares during the last quarter. Finally, JPMorgan Chase & Co. boosted its holdings in shares of Udemy by 26.2% during the third quarter. JPMorgan Chase & Co. now owns 198,387 shares of the company’s stock worth $1,476,000 after acquiring an additional 41,145 shares during the period. Institutional investors and hedge funds own 79.48% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts recently issued reports on UDMY shares. Canaccord Genuity Group lifted their target price on Udemy from $12.00 to $14.00 and gave the company a “buy” rating in a research report on Friday, February 14th. Morgan Stanley lifted their price objective on shares of Udemy from $7.50 to $9.00 and gave the company an “underweight” rating in a report on Thursday. Scotiabank started coverage on shares of Udemy in a report on Thursday, December 5th. They set a “sector outperform” rating and a $10.00 target price for the company. Needham & Company LLC reiterated a “buy” rating and issued a $11.00 price target on shares of Udemy in a research note on Friday, February 14th. Finally, Cantor Fitzgerald cut their price target 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. One analyst has rated the stock with a sell rating, two have assigned a hold rating and eight have issued a buy rating to the company. According to MarketBeat, Udemy presently has an average rating of “Moderate Buy” and an average target price of $10.95.

About Udemy

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.