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 company’s stock in a transaction dated Wednesday, February 19th. The shares were sold at an average price of $9.81, for a total transaction of $145,580.40. Following the completion of the sale, the director now directly owns 42,667 shares in the company, valued at $418,563.27. This trade represents a 25.81 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website.

Udemy Price Performance

UDMY opened at $9.80 on Friday. Udemy, Inc. has a 12 month low of $6.67 and a 12 month high of $11.65. The business has a 50-day moving average of $8.19 and a two-hundred day moving average of $8.04. The stock has a market capitalization of $1.43 billion, a price-to-earnings ratio of -17.19 and a beta of 1.85.

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 analysts’ consensus estimates of $0.07 by ($0.10). Udemy had a negative net margin of 10.84% and a negative return on equity of 26.50%. The company had revenue of $199.94 million during the quarter, compared to analysts’ expectations of $194.70 million. Equities research analysts anticipate that Udemy, Inc. will post -0.2 earnings per share for the current year.

Analysts Set New Price Targets

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

Institutional Trading of Udemy

Several institutional investors have recently made changes to their positions in UDMY. Point72 DIFC Ltd acquired a new position in Udemy in the third quarter valued at $30,000. SBI Securities Co. Ltd. purchased a new position in shares of Udemy in the 4th quarter worth about $31,000. Quarry LP acquired a new position in shares of Udemy in the 4th quarter valued at about $34,000. Vega Investment Solutions acquired a new position in shares of Udemy in the 4th quarter valued at about $46,000. Finally, Nisa Investment Advisors LLC grew its holdings in shares of Udemy by 496.7% during the 4th quarter. Nisa Investment Advisors LLC now owns 7,220 shares of the company’s stock worth $59,000 after purchasing an additional 6,010 shares during the period. 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.