Udemy Inc (UDMY) was downgraded to a Hold Rating at William Blair

Udemy Inc (UDMY – Research Report) received a Hold rating and price target from William Blair analyst Stephen Sheldon yesterday. The company’s shares closed last Friday at $8.20.

According to TipRanks, Sheldon is an analyst with an average return of -1.6% and a 40.32% success rate. Sheldon covers the Technology sector, focusing on stocks such as Udemy Inc, Par Technology, and Alarm.

Udemy Inc has an analyst consensus of Moderate Buy, with a price target consensus of $11.33.

Based on Udemy Inc’s latest earnings release for the quarter ending December 31, the company reported a quarterly revenue of $199.94 million and a GAAP net loss of $9.86 million. In comparison, last year the company earned a revenue of $189.55 million and had a GAAP net loss of $20.25 million

Based on the recent corporate insider activity of 84 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of UDMY in relation to earlier this year. Last month, Heather Hiles, a Director at UDMY sold 14,840.00 shares for a total of $145,580.40.