Hugo Sarrazin Acquires 1,768 Shares of Udemy, Inc. (NASDAQ:UDMY) Stock

Udemy, Inc. (NASDAQ:UDMY) CEO Hugo Sarrazin acquired 1,768 shares of Udemy stock in a transaction that occurred on Monday, May 19th. The stock was acquired at an average cost of $6.98 per share, with a total value of $12,340.64. Following the purchase, the chief executive officer now owns 10,600 shares in the company, valued at $73,988. The trade was a 20.02% increase in their position. The transaction was disclosed in a filing with the SEC, which is available through the SEC website.

Hugo Sarrazin also recently made the following trade(s):

• On Thursday, May 15th, Hugo Sarrazin acquired 5,432 shares of Udemy stock. The shares were bought at an average cost of $6.99 per share, for a total transaction of $37,969.68.
• On Monday, May 12th, Hugo Sarrazin purchased 3,400 shares of Udemy stock. The shares were bought at an average price of $6.99 per share, for a total transaction of $23,766.00.

Udemy Stock Performance

Shares of UDMY stock traded down $0.09 during mid-day trading on Monday, reaching $6.98. The company’s stock had a trading volume of 657,094 shares, compared to its average volume of 980,944. The firm’s 50-day moving average is $7.10 and its two-hundred day moving average is $7.94. Udemy, Inc. has a 1-year low of $5.68 and a 1-year high of $10.61. The company has a market cap of $1.04 billion, a P/E ratio of -12.25 and a beta of 1.82.

Udemy (NASDAQ:UDMY) last announced its quarterly earnings results on Wednesday, April 30th. The company reported $0.12 EPS for the quarter, topping analysts’ consensus estimates of $0.10 by $0.02. Udemy had a negative net margin of 10.84% and a negative return on equity of 27.93%. The firm had revenue of $200.30 million during the quarter, compared to analysts’ expectations of $197.19 million. During the same quarter last year, the company earned $0.03 earnings per share. The company’s revenue for the quarter was up 1.8% compared to the same quarter last year. Sell-side analysts anticipate that Udemy, Inc. will post -0.09 EPS for the current year.

Analysts Set New Price Targets

Several research firms recently issued reports on UDMY. JPMorgan Chase & Co. decreased their price objective on shares of Udemy from $11.00 to $8.00 and set a “neutral” rating for the company in a report on Thursday, April 24th. Truist Financial reaffirmed a “hold” rating and issued a $7.00 price target (down from $10.00) on shares of Udemy in a research report on Monday, April 7th. William Blair cut Udemy from an “outperform” rating to a “market perform” rating in a research report on Wednesday, March 12th. Cantor Fitzgerald lowered their target price on Udemy from $11.00 to $9.00 and set an “overweight” rating on the stock in a report on Thursday, May 1st. Finally, Morgan Stanley cut their price target on Udemy from $9.00 to $7.00 and set an “underweight” rating for the company in a report on Wednesday, April 16th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and seven have issued a buy rating to the stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $9.86.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of UDMY. SBI Securities Co. Ltd. acquired a new position in Udemy in the fourth quarter valued at about $31,000. Quarry LP acquired a new position in shares of Udemy in the 4th quarter worth approximately $34,000. Vega Investment Solutions bought a new stake in Udemy during the 4th quarter worth approximately $46,000. GAMMA Investing LLC increased its holdings in Udemy by 558.3% during the 1st quarter. GAMMA Investing LLC now owns 6,945 shares of the company’s stock valued at $54,000 after purchasing an additional 5,890 shares in the last quarter. Finally, Nisa Investment Advisors LLC raised its position in Udemy by 496.7% in the 4th quarter. Nisa Investment Advisors LLC now owns 7,220 shares of the company’s stock valued at $59,000 after purchasing an additional 6,010 shares during the last quarter. 79.48% of the stock is currently 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.