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

Udemy, Inc. (NASDAQ:UDMY) Director Heather Hiles sold 14,840 shares of Udemy stock in a transaction on Wednesday, February 19th. The shares were sold at an average price of $9.81, for a total transaction of $145,580.40. Following the completion of the sale, the director now owns 42,667 shares in the company, valued at approximately $418,563.27. This represents a 25.81 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website.

Udemy Price Performance

Shares of UDMY stock opened at $10.10 on Thursday. Udemy, Inc. has a 52-week low of $6.67 and a 52-week high of $11.65. The company’s 50 day moving average is $8.16 and its 200 day moving average is $8.03.

Udemy (NASDAQ:UDMY) last issued its earnings results 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). The firm had revenue of $199.94 million during the quarter, compared to analysts’ expectations of $194.70 million. Udemy had a negative return on equity of 26.50% and a negative net margin of 10.84%. Sell-side analysts expect that Udemy, Inc. will post -0.2 EPS for the current year.

Institutional Trading of Udemy

Hedge funds have recently added to or reduced their stakes in the company. MetLife Investment Management LLC raised its position in shares of Udemy by 6.2% in the fourth quarter. MetLife Investment Management LLC now owns 59,465 shares of the company’s stock worth $489,000 after acquiring an additional 3,450 shares during the period. SBI Securities Co. Ltd. purchased a new position in Udemy during the fourth quarter worth approximately $31,000. Point72 DIFC Ltd acquired a new stake in Udemy in the third quarter valued at approximately $30,000. Quarry LP purchased a new stake in shares of Udemy in the fourth quarter valued at approximately $34,000. Finally, Price T Rowe Associates Inc. MD raised its stake in shares of Udemy by 14.0% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 36,064 shares of the company’s stock worth $297,000 after buying an additional 4,418 shares during the period. 79.48% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several equities analysts have recently weighed in on UDMY shares. Needham & Company LLC reissued a “buy” rating and set a $11.00 target price on shares of Udemy in a research report on Friday, February 14th. Canaccord Genuity Group boosted their price objective 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 started coverage on shares of Udemy in a research report on Thursday, December 5th. They issued a “sector outperform” rating and a $10.00 price objective on the stock. Finally, Cantor Fitzgerald decreased their price objective on shares of Udemy from $18.00 to $11.00 and set an “overweight” rating for the company in a research note on Wednesday, October 30th. One research analyst has rated the stock with a sell rating, two have issued a hold rating and eight have assigned a buy rating to the company. Based on data from MarketBeat, Udemy currently has a consensus rating of “Moderate Buy” and a consensus price target of $10.82.

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.