Udemy, Inc. (NASDAQ:UDMY – Get Free Report) saw some unusual options trading on Friday. Traders purchased 9,506 put options on the stock. This represents an increase of approximately 1,336% compared to the typical daily volume of 662 put options.
Udemy Stock Performance
Shares of UDMY opened at $7.38 on Friday. The business’s 50-day moving average is $7.84 and its two-hundred day moving average is $8.86. The company has a market capitalization of $1.11 billion, a P/E ratio of -13.92 and a beta of 1.97. Udemy has a fifty-two week low of $6.67 and a fifty-two week high of $16.01.
Udemy (NASDAQ:UDMY – Get Free Report) last posted its earnings results on Wednesday, July 31st. The company reported ($0.20) EPS for the quarter, missing the consensus estimate of ($0.13) by ($0.07). The company had revenue of $194.36 million for the quarter, compared to analyst estimates of $194.17 million. Udemy had a negative return on equity of 26.62% and a negative net margin of 11.39%. Analysts forecast that Udemy will post -0.52 EPS for the current year.
Wall Street Analysts Forecast Growth
View Our Latest Research Report on Udemy
Insider Buying and Selling at Udemy
In other news, Director Eren Bali sold 15,000 shares of the firm’s stock in a transaction dated Friday, July 26th. The shares were sold at an average price of $9.10, for a total value of $136,500.00. Following the sale, the director now directly owns 1,639,477 shares in the company, valued at approximately $14,919,240.70. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other Udemy news, CFO Sarah Blanchard sold 45,000 shares of Udemy stock in a transaction on Wednesday, August 21st. The shares were sold at an average price of $8.05, for a total value of $362,250.00. Following the transaction, the chief financial officer now directly owns 1,001,761 shares of the company’s stock, valued at approximately $8,064,176.05. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Eren Bali sold 15,000 shares of the stock in a transaction on Friday, July 26th. The shares were sold at an average price of $9.10, for a total value of $136,500.00. Following the sale, the director now owns 1,639,477 shares of the company’s stock, valued at approximately $14,919,240.70. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 61,000 shares of company stock worth $505,830 over the last quarter. Insiders own 3.20% of the company’s stock.
Hedge Funds Weigh In On Udemy
Several institutional investors have recently made changes to their positions in UDMY. Ariadne Wealth Management LP purchased a new stake in Udemy during the second quarter worth $67,000. Quest Partners LLC grew its position in shares of Udemy by 6,957.5% during the 2nd quarter. Quest Partners LLC now owns 8,963 shares of the company’s stock valued at $77,000 after acquiring an additional 8,836 shares during the period. XTX Topco Ltd purchased a new position in shares of Udemy in the 2nd quarter valued at about $93,000. Natixis raised its holdings in Udemy by 60.8% in the 1st quarter. Natixis now owns 8,967 shares of the company’s stock worth $99,000 after purchasing an additional 3,391 shares during the period. Finally, Principal Financial Group Inc. boosted its position in Udemy by 18.8% during the first quarter. Principal Financial Group Inc. now owns 12,053 shares of the company’s stock worth $132,000 after purchasing an additional 1,904 shares in the last quarter. 79.48% of the stock is owned by hedge funds and other institutional investors.
Udemy Company Profile
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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