Udemy, Inc. (NASDAQ:UDMY – Get Free Report) CFO Sarah Blanchard sold 45,000 shares of the firm’s stock in a transaction on Wednesday, August 21st. The stock was sold at an average price of $8.05, for a total value of $362,250.00. Following the completion of the transaction, the chief financial officer now directly owns 1,001,761 shares in the company, valued at $8,064,176.05. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website.
Udemy Price Performance
UDMY stock opened at $8.14 on Friday. The company has a market capitalization of $1.25 billion, a PE ratio of -15.36 and a beta of 2.01. Udemy, Inc. has a 12 month low of $6.67 and a 12 month high of $16.01. The firm’s 50-day moving average is $8.13 and its 200 day moving average is $9.63.
Udemy (NASDAQ:UDMY – Get Free Report) last issued its earnings results on Wednesday, July 31st. The company reported ($0.20) earnings per share for the quarter, missing the consensus estimate of ($0.13) by ($0.07). The firm had revenue of $194.36 million during the quarter, compared to analysts’ expectations of $194.17 million. Udemy had a negative return on equity of 26.62% and a negative net margin of 11.39%. Sell-side analysts forecast that Udemy, Inc. will post -0.52 EPS for the current fiscal year.
Analyst Upgrades and Downgrades
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Institutional Inflows and Outflows
Institutional investors have recently added to or reduced their stakes in the business. Sea Cliff Partners Management LP bought a new position in shares of Udemy during the fourth quarter valued at approximately $25,661,000. Inflection Point Investments LLP purchased a new stake in Udemy during the fourth quarter worth $21,390,000. Silvercrest Asset Management Group LLC bought a new stake in Udemy during the 1st quarter valued at $8,109,000. Invenomic Capital Management LP increased its holdings in shares of Udemy by 22.9% in the 1st quarter. Invenomic Capital Management LP now owns 2,747,453 shares of the company’s stock valued at $30,167,000 after acquiring an additional 512,618 shares during the period. Finally, Vanguard Group Inc. raised its position in shares of Udemy by 5.6% in the 4th quarter. Vanguard Group Inc. now owns 9,355,870 shares of the company’s stock worth $137,812,000 after acquiring an additional 495,380 shares in the last quarter. Hedge funds and other 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.
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