Udemy, Inc. (NASDAQ:UDMY) CEO Gregory Scott Brown Sells 10,000 Shares

Udemy, Inc. (NASDAQ:UDMYGet Free Report) CEO Gregory Scott Brown sold 10,000 shares of the firm’s stock in a transaction that occurred on Thursday, March 6th. The shares were sold at an average price of $9.43, for a total transaction of $94,300.00. Following the completion of the transaction, the chief executive officer now owns 1,141,896 shares of the company’s stock, valued at approximately $10,768,079.28. This trade represents a 0.87 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.

Udemy Stock Performance

NASDAQ:UDMY opened at $9.17 on Friday. The company has a market capitalization of $1.35 billion, a PE ratio of -16.09 and a beta of 1.76. The company has a 50 day simple moving average of $8.54 and a two-hundred day simple moving average of $8.22. Udemy, Inc. has a fifty-two week low of $6.67 and a fifty-two week high of $11.65.

Udemy (NASDAQ:UDMYGet Free Report) 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 company had revenue of $199.94 million for the quarter, compared to analyst estimates of $194.70 million. Udemy had a negative return on equity of 27.93% and a negative net margin of 10.84%. Research analysts predict that Udemy, Inc. will post -0.09 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on the stock. Scotiabank assumed coverage on shares of Udemy in a report on Thursday, December 5th. They issued a “sector outperform” rating and a $10.00 price objective for the company. Canaccord Genuity Group raised their price objective on shares of Udemy from $12.00 to $14.00 and gave the company a “buy” rating in a report on Friday, February 14th. Needham & Company LLC reiterated a “buy” rating and issued a $11.00 price objective on shares of Udemy in a report on Friday, February 14th. Finally, Morgan Stanley raised 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, February 20th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and eight have given a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $10.95.

Read Our Latest Report on Udemy

Institutional Trading of Udemy

Several large investors have recently modified their holdings of UDMY. Harbor Capital Advisors Inc. grew its position in shares of Udemy by 28.9% during the 3rd quarter. Harbor Capital Advisors Inc. now owns 20,433 shares of the company’s stock worth $152,000 after buying an additional 4,581 shares during the period. Entropy Technologies LP acquired a new stake in shares of Udemy during the 3rd quarter worth approximately $178,000. Victory Capital Management Inc. acquired a new stake in shares of Udemy during the 3rd quarter worth approximately $75,000. Royce & Associates LP grew its position in shares of Udemy by 1.1% during the 3rd quarter. Royce & Associates LP now owns 944,059 shares of the company’s stock worth $7,024,000 after buying an additional 10,650 shares during the period. Finally, Intech Investment Management LLC acquired a new stake in shares of Udemy during the 3rd quarter worth approximately $161,000. Institutional investors and hedge funds own 79.48% of the company’s stock.

About Udemy

(Get Free Report)

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.

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