Udemy, Inc. (NASDAQ:UDMY) director Bali Eren has sold 15,000 shares of the company's common stock, totaling approximately $164,400. The transactions took place on April 1, 2024, with sale prices ranging from $1.86 to $11.08. The weighted average sale price reported was $10.96 per share.
Following the sale, Eren's holdings in Udemy stand at 1,661,050 shares of common stock. The sales were executed in multiple trades, and full details of the transactions, including specific numbers of shares sold at each price point, can be provided upon request to the SEC staff, the issuer, or a security holder of the issuer.
This movement in stock by a company insider may be of interest to current and potential investors as they monitor the trading activities of Udemy's top executives and directors. The information provided in this article is based on the latest Form 4 filing with the Securities and Exchange Commission.
InvestingPro Insights
Udemy, Inc. (NASDAQ:UDMY) has seen notable activity from its director, Bali Eren, but what does the broader financial landscape look like for the company? According to real-time data from InvestingPro, Udemy holds a market capitalization of $1.72 billion. Despite not being profitable in the last twelve months, analysts have a positive outlook, predicting profitability for the company this year. This optimism is reflected in their fair value assessments, with an analyst target fair value at $15 and InvestingPro's own fair value estimate at $11.04.
InvestingPro Tips suggest that Udemy is currently trading at a high Price / Book multiple of 4.77, as of the last twelve months ending in Q4 2023. This could indicate that the market has high expectations for the company's future growth or asset value. Additionally, the stock's RSI suggests it is in oversold territory, which could attract investors looking for potential bargains. It's worth noting that the company's stock price has fallen significantly over the last three months, with a total return of -21.88%, yet it has grown by 23.33% over the past year, highlighting its volatility.
For potential investors considering Udemy, it's essential to review these metrics in the context of the company's overall performance and market conditions. To gain further insights and access to additional InvestingPro Tips, visit https://www.investing.com/pro/UDMY. There are 9 more tips available, which could help build a more comprehensive investment thesis. Remember to use coupon code PRONEWS24 to get an additional 10% off a yearly or biyearly Pro and Pro+ subscription, potentially enhancing your investment strategy with valuable data and expert analysis.
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