Eren Bali Sells 10,000 Shares of Udemy, Inc. (NASDAQ:UDMY) Stock

Udemy, Inc. (NASDAQ:UDMY) CTO Eren Bali sold 10,000 shares of the business’s stock in a transaction that occurred on Friday, March 14th. The shares were sold at an average price of $8.02, for a total transaction of $80,200.00. Following the completion of the transaction, the chief technology officer now directly owns 2,146,050 shares of the company’s stock, valued at approximately $17,211,321. This represents a 0.46 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at 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 transaction of $625,338.00.

Udemy Trading Up 0.4 %

Shares of UDMY stock opened at $8.42 on Wednesday. The company has a market capitalization of $1.24 billion, a PE ratio of -14.77 and a beta of 1.76. The firm has a fifty day simple moving average of $8.56 and a 200-day simple moving average of $8.24. Udemy, Inc. has a twelve month low of $6.67 and a twelve month high of $11.60.

Udemy (NASDAQ:UDMY) last announced its earnings results on Thursday, February 13th. The company reported ($0.03) earnings per share for the quarter, missing the consensus estimate of $0.07 by ($0.10). The firm had revenue of $199.94 million during the quarter, compared to analysts’ expectations of $194.70 million. Udemy had a negative net margin of 10.84% and a negative return on equity of 27.93%. Equities research analysts predict that Udemy, Inc. will post -0.09 EPS for the current year.

Analyst Ratings Changes

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

Institutional Trading of Udemy

Several institutional investors have recently added to or reduced their stakes in the stock. Vega Investment Solutions acquired a new stake in Udemy in the fourth quarter valued at $46,000. PharVision Advisers LLC acquired a new stake in Udemy in the fourth quarter valued at $144,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its holdings in Udemy by 17.9% in the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 181,864 shares of the company’s stock valued at $1,497,000 after acquiring an additional 27,673 shares in the last quarter. Voloridge Investment Management LLC raised its holdings in Udemy by 11.5% in the fourth quarter. Voloridge Investment Management LLC now owns 254,072 shares of the company’s stock valued at $2,091,000 after acquiring an additional 26,289 shares in the last quarter. Finally, Wexford Capital LP acquired a new stake in Udemy in the fourth quarter valued at $99,000. 79.48% of the stock is owned by institutional investors and hedge funds.

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.