Sarah Blanchard Sells 25,000 Shares of Udemy (NASDAQ:UDMY) Stock

by · The Cerbat Gem

Udemy, Inc. (NASDAQ:UDMY – Get Free Report) CFO Sarah Blanchard sold 25,000 shares of the stock in a transaction that occurred on Monday, September 15th. The shares were sold at an average price of $7.08, for a total transaction of $177,000.00. Following the completion of the transaction, the chief financial officer owned 1,287,953 shares of the company’s stock, valued at $9,118,707.24. This trade represents a 1.90% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

Udemy Price Performance

Udemy stock opened at $7.18 on Thursday. The firm has a 50 day simple moving average of $7.00 and a 200-day simple moving average of $7.18. The stock has a market capitalization of $1.08 billion, a PE ratio of -34.19 and a beta of 1.77. Udemy, Inc. has a 12-month low of $5.68 and a 12-month high of $10.61.

Udemy (NASDAQ:UDMY – Get Free Report) last posted its quarterly earnings data on Wednesday, July 30th. The company reported $0.16 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.12 by $0.04. Udemy had a negative net margin of 3.85% and a negative return on equity of 5.19%. The business had revenue of $199.88 million during the quarter, compared to analysts’ expectations of $196.74 million. During the same period last year, the firm posted ($0.04) earnings per share. The business’s revenue was up 2.8% on a year-over-year basis. Udemy has set its FY 2025 guidance at EPS. Q3 2025 guidance at EPS. On average, analysts forecast that Udemy, Inc. will post -0.09 earnings per share for the current fiscal year.

Udemy announced that its board has approved a stock repurchase plan on Wednesday, September 10th that allows the company to buyback $50.00 million in shares. This buyback authorization allows the company to purchase up to 5% of its shares through open market purchases. Shares buyback plans are typically an indication that the company’s board of directors believes its shares are undervalued.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the business. Vega Investment Solutions acquired a new position in shares of Udemy during the 4th quarter worth $46,000. GAMMA Investing LLC grew its stake in Udemy by 558.3% in the 1st quarter. GAMMA Investing LLC now owns 6,945 shares of the company’s stock valued at $54,000 after buying an additional 5,890 shares during the last quarter. Osaic Holdings Inc. acquired a new position in Udemy in the 2nd quarter valued at $56,000. New York State Teachers Retirement System acquired a new position in Udemy in the 2nd quarter valued at $58,000. Finally, State of Wyoming acquired a new position in Udemy in the 4th quarter valued at $59,000. Institutional investors and hedge funds own 79.48% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts recently commented on the stock. Needham & Company LLC reissued a “buy” rating and set a $11.00 target price on shares of Udemy in a research note on Thursday, July 31st. Zacks Research lowered shares of Udemy from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, September 2nd. Cantor Fitzgerald increased their target price on shares of Udemy from $9.00 to $10.00 and gave the company an “overweight” rating in a research note on Thursday, July 31st. Wall Street Zen raised shares of Udemy from a “buy” rating to a “strong-buy” rating in a research note on Saturday, August 2nd. Finally, Morgan Stanley upgraded shares of Udemy from an “underweight” rating to an “equal weight” rating and upped their price target for the company from $7.00 to $9.00 in a research report on Thursday, June 5th. Five research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $9.75.

Get Our Latest Stock Analysis on UDMY

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.

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