Insider Selling: Udemy (NASDAQ:UDMY) CFO Sells 25,000 Shares of Stock

Udemy, Inc. (NASDAQ:UDMY) CFO Sarah Blanchard sold 25,000 shares of the stock in a transaction that occurred on Friday, March 13th. The shares were sold at an average price of $4.78, for a total transaction of $119,500.00. Following the transaction, the chief financial officer directly owned 1,455,763 shares of the company’s stock, valued at $6,958,547.14. This represents a 1.69% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.

Udemy Stock Up 0.2%

Udemy stock traded up $0.01 during trading on Monday, hitting $4.78. The stock had a trading volume of 1,216,179 shares, compared to its average volume of 1,813,733. The stock’s 50 day moving average is $4.97 and its two-hundred day moving average is $5.71. Udemy, Inc. has a 1 year low of $4.35 and a 1 year high of $8.92. The stock has a market cap of $697.02 million, a price-to-earnings ratio of 239.12 and a beta of 1.70.

Udemy (NASDAQ:UDMY) last released its earnings results on Thursday, February 5th. The company reported $0.12 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.10 by $0.02. The business had revenue of $193.99 million during the quarter, compared to the consensus estimate of $193.40 million. Udemy had a return on equity of 4.84% and a net margin of 0.48%.The business’s revenue for the quarter was down 3.0% on a year-over-year basis. During the same period last year, the business posted $0.10 earnings per share. As a group, equities research analysts anticipate that Udemy, Inc. will post -0.09 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several equities research analysts have commented on the stock. KeyCorp downgraded shares of Udemy from an “overweight” rating to a “sector weight” rating in a report on Tuesday, January 13th. Weiss Ratings reissued a “sell (e+)” rating on shares of Udemy in a research report on Wednesday, January 21st. Wall Street Zen upgraded shares of Udemy from a “buy” rating to a “strong-buy” rating in a research note on Sunday, December 7th. Canaccord Genuity Group set a $5.00 price objective on shares of Udemy in a report on Monday, February 9th. Finally, Zacks Research lowered shares of Udemy from a “strong-buy” rating to a “hold” rating in a research note on Friday, November 28th. Three investment analysts have rated the stock with a Buy rating, six have given a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $8.75.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in the stock. State of Alaska Department of Revenue purchased a new position in Udemy during the 3rd quarter valued at about $56,000. Osaic Holdings Inc. purchased a new stake in shares of Udemy in the second quarter worth about $56,000. WINTON GROUP Ltd bought a new position in shares of Udemy in the fourth quarter valued at approximately $69,000. Royce & Associates LP bought a new position in shares of Udemy in the fourth quarter valued at approximately $70,000. Finally, Caitong International Asset Management Co. Ltd grew its stake in Udemy by 76,393.8% during the fourth quarter. Caitong International Asset Management Co. Ltd now owns 12,239 shares of the company’s stock valued at $72,000 after acquiring an additional 12,223 shares in the last quarter. Institutional investors own 79.48% of the company’s stock.

About Udemy

Udemy, Inc (NASDAQ: UDMY) operates a leading online learning marketplace that connects learners and instructors across a wide range of subject areas. The company’s platform hosts thousands of self-paced video courses covering technology, business, personal development, creative arts and more. Individual learners can purchase courses on demand, while instructors receive revenue share for teaching content to a global audience.

In addition to its consumer-facing marketplace, Udemy provides enterprise learning solutions under the Udemy for Business brand.