Udemy, Inc. (NASDAQ:UDMY - Get Free Report) CEO Gregory Scott Brown sold 10,000 shares of the firm's stock in a transaction on Friday, December 6th. The stock was sold at an average price of $8.71, for a total value of $87,100.00. Following the completion of the transaction, the chief executive officer now directly owns 1,183,086 shares of the company's stock, valued at approximately $10,304,679.06. This trade represents a 0.84 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link.
Gregory Scott Brown also recently made the following trade(s):
- On Tuesday, October 29th, Gregory Scott Brown sold 10,000 shares of Udemy stock. The shares were sold at an average price of $8.50, for a total transaction of $85,000.00.
Udemy Stock Performance
Shares of UDMY stock opened at $8.32 on Tuesday. The stock's fifty day moving average is $8.05 and its 200-day moving average is $8.15. Udemy, Inc. has a 52 week low of $6.67 and a 52 week high of $16.01. The stock has a market capitalization of $1.21 billion, a PE ratio of -13.21 and a beta of 1.91.
This Crypto Is Set to Explode in December
From Crypto 101 Media | Ad
It's a groundbreaking opportunity that could be poised for extraordinary gains.
The catalyst behind this surge is a massive new blockchain development…
YES, I WANT THE #1 CRYPTO NOW
Udemy (NASDAQ:UDMY - Get Free Report) last posted its quarterly earnings data on Tuesday, October 29th. The company reported $0.07 earnings per share for the quarter, beating the consensus estimate of $0.01 by $0.06. Udemy had a negative net margin of 12.33% and a negative return on equity of 29.36%. The firm had revenue of $195.42 million during the quarter, compared to analysts' expectations of $192.69 million. During the same quarter last year, the company posted ($0.10) EPS. The company's quarterly revenue was up 5.8% compared to the same quarter last year. As a group, analysts forecast that Udemy, Inc. will post -0.47 earnings per share for the current fiscal year.
Wall Street Analyst Weigh In
A number of research firms recently weighed in on UDMY. Cantor Fitzgerald lowered their target price on shares of Udemy from $18.00 to $11.00 and set an "overweight" rating on the stock in a research note on Wednesday, October 30th. Scotiabank initiated coverage on Udemy in a research note on Thursday, December 5th. They issued a "sector outperform" rating and a $10.00 price objective on the stock. Morgan Stanley downgraded Udemy from an "equal weight" rating to an "underweight" rating and cut their target price for the stock from $10.00 to $7.50 in a research report on Friday, September 27th. Finally, Needham & Company LLC lowered their price target on Udemy from $15.00 to $11.00 and set a "buy" rating on the stock in a research report on Wednesday, October 30th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and eight have given a buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $10.92.
Read Our Latest Analysis on UDMY
Institutional Inflows and Outflows
Institutional investors have recently bought and sold shares of the stock. The Manufacturers Life Insurance Company increased its stake in shares of Udemy by 6.9% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 51,780 shares of the company's stock valued at $447,000 after buying an additional 3,336 shares during the period. Point72 DIFC Ltd acquired a new stake in Udemy in the third quarter worth about $30,000. Harbor Capital Advisors Inc. increased its position in Udemy by 28.9% in the third quarter. Harbor Capital Advisors Inc. now owns 20,433 shares of the company's stock worth $152,000 after purchasing an additional 4,581 shares during the period. Arizona State Retirement System raised its holdings in Udemy by 24.4% during the 2nd quarter. Arizona State Retirement System now owns 23,597 shares of the company's stock worth $204,000 after purchasing an additional 4,635 shares during the last quarter. Finally, Geode Capital Management LLC lifted its position 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 period. Institutional investors own 79.48% of the company's stock.
Udemy Company Profile
(
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.
Featured Articles
This instant news alert was generated by narrative science technology and financial data from InsiderTrades.com in order to provide readers with the fastest and most accurate reporting. This story was reviewed by InsiderTrades.com's editorial team prior to publication. Please send any questions or comments about this story to [email protected].
