Udemy (NASDAQ:UDMY) Posts Quarterly Earnings Results

Udemy (NASDAQ:UDMY) released its quarterly earnings data on Thursday. The company reported ($0.03) EPS for the quarter, missing analysts’ consensus estimates of $0.07 by ($0.10), Zacks reports. Udemy had a negative net margin of 12.33% and a negative return on equity of 29.36%. Udemy updated its FY 2025 guidance to EPS and its Q1 2025 guidance to EPS.

Udemy Trading Up 1.3 %

Shares of UDMY stock opened at $7.82 on Friday. The stock has a market cap of $1.14 billion, a P/E ratio of -12.41 and a beta of 1.85. Udemy has a 12 month low of $6.67 and a 12 month high of $14.24. The company has a 50 day simple moving average of $8.05 and a two-hundred day simple moving average of $7.99.

Analyst Ratings Changes

UDMY has been the subject of a number of research analyst reports. Scotiabank initiated coverage on Udemy in a report on Thursday, December 5th. They set a “sector outperform” rating and a $10.00 price target for the company. Cantor Fitzgerald lowered their price objective on shares of Udemy from $18.00 to $11.00 and set an “overweight” rating for the company in a research report on Wednesday, October 30th. Finally, Needham & Company LLC restated a “buy” rating and set a $11.00 price objective on shares of Udemy in a research report on Friday. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and eight have given a buy rating to the company’s stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $10.92.

Insiders Place Their Bets

In other news, CEO Gregory Scott Brown sold 10,000 shares of the stock in a transaction on Friday, December 6th. The shares were sold at an average price of $8.71, for a total value of $87,100.00. Following the sale, the chief executive officer now owns 1,183,086 shares of the company’s stock, valued at approximately $10,304,679.06. This represents a 0.84 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, major shareholder Ltd Naspers sold 3,200,000 shares of the firm’s stock in a transaction dated Tuesday, January 21st. The stock was sold at an average price of $7.84, for a total transaction of $25,088,000.00. Following the completion of the transaction, the insider now directly owns 13,920,840 shares in the company, valued at $109,139,385.60. This represents a 18.69 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 3.20% of the company’s stock.

About Udemy

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.