2 weeks Ago By ABMN Staff
Shares of Udemy, Inc. ( NASDAQ:UDMY – Get Free Report ) gapped down prior to trading on Friday . The stock had previously closed at $8.
13, but opened at $7.68. Udemy shares last traded at $7.
78, with a volume of 145,281 shares. Wall Street Analysts Forecast Growth Several brokerages recently issued reports on UDMY. Bank of America lowered shares of Udemy from a “buy” rating to a “neutral” rating and set a $8.
50 target price for the company. in a research report on Thursday, August 1st. KeyCorp reduced their target price on shares of Udemy from $14.
00 to $13.00 and set an “overweight” rating for the company in a report on Monday, July 22nd. Canaccord Genuity Group initiated coverage on shares of Udemy in a research report on Thursday, August 8th.
They set a “buy” rating and a $12.00 price objective on the stock. Canaccord Genuity Group began coverage on shares of Udemy in a report on Thursday, August 8th.
They set a “buy” rating and a $12.00 price objective for the company. Finally, Needham & Company LLC reaffirmed a “buy” rating and set a $15.
00 price objective on shares of Udemy in a report on Thursday, August 1st. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating, six have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.
com, the stock presently has an average rating of “Moderate Buy” and an average price target of $11.92. Check Out Our Latest Analysis on Udemy Udemy Stock Down 5.
9 % Udemy ( NASDAQ:UDMY – Get Free Report ) last posted its earnings results on Wednesday, July 31st. The company reported ($0.20) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.
13) by ($0.07). Udemy had a negative net margin of 11.
39% and a negative return on equity of 26.62%. The company had revenue of $194.
36 million during the quarter, compared to analysts’ expectations of $194.17 million. As a group, equities research analysts forecast that Udemy, Inc.
will post -0.52 EPS for the current year. Insider Transactions at Udemy In other news, Director Eren Bali sold 15,000 shares of the firm’s stock in a transaction on Friday, July 26th.
The stock was sold at an average price of $9.10, for a total value of $136,500.00.
Following the completion of the sale, the director now owns 1,639,477 shares of the company’s stock, valued at approximately $14,919,240.70. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website .
In other Udemy news, Director Eren Bali sold 15,000 shares of the firm’s stock in a transaction on Friday, July 26th. The shares were sold at an average price of $9.10, for a total value of $136,500.
00. Following the completion of the transaction, the director now owns 1,639,477 shares of the company’s stock, valued at $14,919,240.70.
The transaction was disclosed in a filing with the SEC, which is available at this link . Also, CFO Sarah Blanchard sold 45,000 shares of the company’s stock in a transaction on Wednesday, August 21st. The shares were 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 disclosure for this sale can be found here . Over the last three months, insiders have sold 62,000 shares of company stock valued at $514,430.
Corporate insiders own 3.20% of the company’s stock. Institutional Investors Weigh In On Udemy Several hedge funds have recently added to or reduced their stakes in UDMY.
Ariadne Wealth Management LP purchased a new stake in Udemy in the 2nd quarter worth approximately $67,000. Quest Partners LLC increased its stake in shares of Udemy by 6,957.5% during the second quarter.
Quest Partners LLC now owns 8,963 shares of the company’s stock worth $77,000 after purchasing an additional 8,836 shares in the last quarter. XTX Topco Ltd purchased a new position in Udemy in the 2nd quarter valued at about $93,000. Natixis raised its holdings in shares of Udemy by 60.
8% during the first quarter. Natixis now owns 8,967 shares of the company’s stock valued at $99,000 after acquiring an additional 3,391 shares during the last quarter. Finally, Principal Financial Group Inc.
boosted its stake in shares of Udemy by 18.8% in the first quarter. Principal Financial Group Inc.
now owns 12,053 shares of the company’s stock worth $132,000 after acquiring an additional 1,904 shares during the last quarter. 79.48% of the stock is owned by hedge funds and other institutional investors.
About Udemy ( 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 Stories Receive News & Ratings for Udemy Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Udemy and related companies with MarketBeat.
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