Udemy, Inc. (NASDAQ:UDMY) CTO Eren Bali Sells 10,000 Shares

Udemy, Inc. (NASDAQ:UDMY) CTO Eren Bali sold 10,000 shares of the business’s stock in a transaction dated Friday, March 14th. The shares were sold at an average price of $8.02, for a total value of $80,200.00. Following the transaction, the chief technology officer now owns 2,146,050 shares in the company, valued at approximately $17,211,321. This represents a 0.46 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.

Eren Bali also recently made the following trade(s):

• On Friday, February 14th, Eren Bali sold 69,482 shares of Udemy stock. The stock was sold at an average price of $9.00, for a total value of $625,338.00.

Udemy Trading Up 2.3 %

Udemy stock opened at $8.39 on Tuesday. Udemy, Inc. has a 12 month low of $6.67 and a 12 month high of $11.60. The company has a market capitalization of $1.24 billion, a price-to-earnings ratio of -14.72 and a beta of 1.76. The business’s fifty day simple moving average is $8.56 and its two-hundred day simple moving average is $8.24.

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

Analyst Ratings Changes

UDMY has been the subject of a number of research analyst reports. Needham & Company LLC reaffirmed a “buy” rating and issued a $11.00 price target on shares of Udemy in a research note on Wednesday, March 12th. William Blair cut shares of Udemy from an “outperform” rating to a “market perform” rating in a research report on Wednesday, March 12th. Canaccord Genuity Group raised their price objective on shares of Udemy from $12.00 to $14.00 and gave the stock a “buy” rating in a report on Friday, February 14th. Scotiabank initiated coverage on Udemy in a report on Thursday, December 5th. They set a “sector outperform” rating and a $10.00 target price on the stock. Finally, Morgan Stanley raised their target price on Udemy from $7.50 to $9.00 and gave the company an “underweight” rating in a research note on Thursday, February 20th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and eight have issued a buy rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $10.95.

Institutional Investors Weigh In On Udemy

Several institutional investors and hedge funds have recently made changes to their positions in the company. Geode Capital Management LLC boosted its stake in Udemy by 0.3% during the 3rd quarter. Geode Capital Management LLC now owns 2,216,868 shares of the company’s stock valued at $16,497,000 after purchasing an additional 5,972 shares during the last quarter. State Street Corp lifted its holdings in shares of Udemy by 0.8% during the third quarter. State Street Corp now owns 1,934,473 shares of the company’s stock valued at $14,392,000 after purchasing an additional 15,339 shares in the last quarter. Federated Hermes Inc. increased its holdings in Udemy by 1,985.5% in the 4th quarter. Federated Hermes Inc. now owns 1,372,593 shares of the company’s stock worth $11,296,000 after buying an additional 1,306,778 shares in the last quarter. FMR LLC raised its position in Udemy by 2.8% in the 3rd quarter. FMR LLC now owns 1,330,073 shares of the company’s stock worth $9,896,000 after buying an additional 36,380 shares during the last quarter. Finally, Royce & Associates LP lifted its stake in Udemy by 18.6% during the 4th quarter. Royce & Associates LP now owns 1,119,359 shares of the company’s stock valued at $9,212,000 after acquiring an additional 175,300 shares during the period. Institutional investors own 79.48% of the company’s stock.

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.