Udemy, Inc. (NASDAQ:UDMY) CFO Sarah Blanchard Sells 45,000 Shares of Stock

Udemy, Inc. (NASDAQ:UDMY) CFO Sarah Blanchard sold 45,000 shares of Udemy stock in a transaction that occurred on Wednesday, May 22nd. The stock was sold at an average price of $9.53, for a total transaction of $428,850.00. Following the completion of the transaction, the chief financial officer now owns 1,096,663 shares of the company’s stock, valued at approximately $10,451,198.39. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Udemy Stock Down 3.6 %

UDMY stock opened at $9.45 on Thursday. Udemy, Inc. has a 1 year low of $8.60 and a 1 year high of $16.01. The stock’s 50 day moving average price is $10.35 and its 200 day moving average price is $12.36.

Institutional Trading of Udemy

A number of hedge funds have recently added to or reduced their stakes in the business. Venturi Wealth Management LLC purchased a new position in shares of Udemy in the 3rd quarter worth $29,000. Daiwa Securities Group Inc. raised its holdings in shares of Udemy by 261.1% in the 4th quarter. Daiwa Securities Group Inc. now owns 4,730 shares of the company’s stock worth $70,000 after purchasing an additional 3,420 shares during the period. RIA Advisory Group LLC acquired a new position in shares of Udemy in the 4th quarter valued at about $76,000. Natixis grew its holdings in shares of Udemy by 60.8% during the 1st quarter. Natixis now owns 8,967 shares of the company’s stock worth $99,000 after purchasing an additional 3,391 shares during the period. Finally, Zurcher Kantonalbank Zurich Cantonalbank increased its position in Udemy by 28.0% during the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 13,171 shares of the company’s stock worth $125,000 after purchasing an additional 2,880 shares in the last quarter. 79.48% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several analysts have recently weighed in on the stock. Needham & Company LLC restated a “buy” rating and set a $15.00 price objective on shares of Udemy in a research report on Friday, May 3rd. Robert W. Baird reduced their price objective on shares of Udemy from $15.00 to $13.00 and set an “outperform” rating for the company in a research report on Friday, May 3rd. KeyCorp reduced their price objective on shares of Udemy from $15.00 to $14.00 and set an “overweight” rating for the company in a research report on Friday, May 3rd. Morgan Stanley reduced their price objective on shares of Udemy from $15.00 to $13.00 and set an “equal weight” rating for the company in a research report on Friday, April 19th. Finally, Jefferies Financial Group reduced their price objective on shares of Udemy from $14.00 to $11.00 and set a “hold” rating for the company in a research report on Monday, April 29th. Four investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. According to MarketBeat, Udemy has an average rating of “Moderate Buy” and an average price target of $13.90.

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.