Udemy, Inc. (NASDAQ:UDMY) CTO Sells $80,200.00 in Stock

Udemy, Inc. (NASDAQ:UDMY) CTO Eren Bali sold 10,000 shares of Udemy stock in a transaction on Friday, March 14th. The stock was sold at an average price of $8.02, for a total value of $80,200.00. Following the completion of the sale, the chief technology officer now directly owns 2,146,050 shares of the company’s stock, valued at $17,211,321. The trade was 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 shares were sold at an average price of $9.00, for a total value of $625,338.00.

Udemy Trading Up 2.3 %

NASDAQ UDMY 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 stock has a market cap of $1.24 billion, a PE ratio of -14.72 and a beta of 1.76. The stock’s 50 day moving average is $8.56 and its 200 day moving average is $8.24.

Udemy (NASDAQ:UDMY) last released its earnings results 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 during the quarter, compared to analysts’ expectations of $194.70 million. Udemy had a negative return on equity of 27.93% and a negative net margin of 10.84%. On average, analysts forecast that Udemy, Inc. will post -0.09 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on the stock. Needham & Company LLC reiterated a “buy” rating and issued a $11.00 price objective on shares of Udemy in a research note on Wednesday, March 12th. Canaccord Genuity Group increased their price target on shares of Udemy from $12.00 to $14.00 and gave the stock a “buy” rating in a research report on Friday, February 14th. Morgan Stanley boosted their price objective on shares of Udemy from $7.50 to $9.00 and gave the company an “underweight” rating in a research report on Thursday, February 20th. Scotiabank began coverage on Udemy in a research report on Thursday, December 5th. They set a “sector outperform” rating and a $10.00 target price on the stock. Finally, William Blair cut Udemy from an “outperform” rating to a “market perform” rating in a research report on Wednesday, March 12th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and eight have given a buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $10.95.

Institutional Inflows and Outflows

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