Udemy, Inc. (NASDAQ:UDMY – Get Free Report) CEO Gregory Scott Brown sold 10,000 shares of the company’s stock in a transaction on Friday, June 28th. The stock was sold at an average price of $8.50, for a total value of $85,000.00. Following the completion of the sale, the chief executive officer now owns 1,273,406 shares of the company’s stock, valued at $10,823,951. The sale was disclosed in a filing with the SEC, which is available at the SEC website.
Udemy Trading Up 0.9 %
NASDAQ:UDMY traded up $0.08 during mid-day trading on Tuesday, hitting $8.58. 641,408 shares of the company’s stock traded hands, compared to its average volume of 918,193. The company has a fifty day moving average of $9.17 and a 200 day moving average of $11.24. Udemy, Inc. has a twelve month low of $7.91 and a twelve month high of $16.01.
Udemy (NASDAQ:UDMY – Get Free Report) last announced its earnings results on Thursday, May 2nd. The company reported ($0.11) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.13) by $0.02. The company had revenue of $196.85 million for the quarter, compared to analyst estimates of $194.83 million. Udemy had a negative return on equity of 23.10% and a negative net margin of 10.82%. On average, research analysts predict that Udemy, Inc. will post -0.45 earnings per share for the current fiscal year.
Analyst Ratings Changes
Get Our Latest Stock Analysis on Udemy
Institutional Inflows and Outflows
A number of hedge funds have recently modified their holdings of the company. Zurcher Kantonalbank Zurich Cantonalbank increased its holdings in shares of Udemy by 5.6% in the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 13,903 shares of the company’s stock valued at $205,000 after purchasing an additional 732 shares during the period. ProShare Advisors LLC increased its holdings in shares of Udemy by 10.7% in the first quarter. ProShare Advisors LLC now owns 16,109 shares of the company’s stock valued at $177,000 after purchasing an additional 1,553 shares during the period. Principal Financial Group Inc. increased its holdings 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 valued at $132,000 after purchasing an additional 1,904 shares during the period. Swiss National Bank increased its holdings in shares of Udemy by 2.2% in the first quarter. Swiss National Bank now owns 136,200 shares of the company’s stock valued at $1,495,000 after purchasing an additional 2,900 shares during the period. Finally, Natixis increased its holdings in shares of Udemy by 60.8% in the first quarter. Natixis now owns 8,967 shares of the company’s stock valued at $99,000 after purchasing an additional 3,391 shares during the period. 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.
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