Heather Hiles Sells 14,840 Shares of Udemy, Inc. (NASDAQ:UDMY) Stock

Udemy, Inc. (NASDAQ:UDMY) Director Heather Hiles sold 14,840 shares of the firm’s stock in a transaction on Wednesday, February 19th. The shares were sold at an average price of $9.81, for a total value 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 transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link.

Udemy Stock Performance

Shares of UDMY opened at $9.80 on Friday. The stock has a market capitalization of $1.43 billion, a P/E ratio of -17.19 and a beta of 1.85. Udemy, Inc. has a 1 year low of $6.67 and a 1 year high of $11.65. The company’s fifty day moving average is $8.19 and its two-hundred day moving average is $8.04.

Udemy (NASDAQ:UDMY) last released its earnings results on Thursday, February 13th. The company reported ($0.03) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.07 by ($0.10). The business 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 26.50% and a negative net margin of 10.84%. Sell-side analysts predict that Udemy, Inc. will post -0.2 EPS for the current year.

Analyst Upgrades and Downgrades

Several analysts have recently weighed in on UDMY shares. Scotiabank began coverage on shares of Udemy in a research report on Thursday, December 5th. They set a “sector outperform” rating and a $10.00 price objective for the company. Morgan Stanley upped their price objective on shares of Udemy from $7.50 to $9.00 and gave the company an “underweight” rating in a research note on Thursday. Canaccord Genuity Group upped their target price on Udemy from $12.00 to $14.00 and gave the company a “buy” rating in a research report on Friday, February 14th. Cantor Fitzgerald dropped their price target on Udemy from $18.00 to $11.00 and set an “overweight” rating on the stock in a research note on Wednesday, October 30th. Finally, Needham & Company LLC reiterated a “buy” rating and issued a $11.00 price objective on shares of Udemy in a research note on Friday, February 14th. One investment analyst has rated the stock with a sell rating, two have given a hold rating and eight have assigned a buy rating to the stock. According to MarketBeat, Udemy has a consensus rating of “Moderate Buy” and a consensus price target of $10.95.

Institutional Investors Weigh In On Udemy

Several institutional investors have recently made changes to their positions in UDMY. MetLife Investment Management LLC lifted its stake 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 valued at $489,000 after purchasing an additional 3,450 shares during the period. SBI Securities Co. Ltd. purchased a new position in Udemy in the fourth quarter valued at about $31,000. Point72 DIFC Ltd purchased a new position in Udemy in the third quarter valued at about $30,000. Quarry LP acquired a new stake in shares of Udemy in the 4th quarter worth approximately $34,000. Finally, Price T Rowe Associates Inc. MD increased its stake in Udemy by 14.0% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 36,064 shares of the company’s stock valued at $297,000 after purchasing an additional 4,418 shares in the last quarter. 79.48% of the stock is currently 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.