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Gregory Scott Brown, President and CEO of Udemy , Inc. (NASDAQ:UDMY), recently sold a portion of his holdings in the company. According to a filing with the Securities and Exchange Commission, Brown divested 10,000 shares of Udemy common stock on March 6, 2025. The shares were sold at a weighted average price of $9.4317, amounting to a total transaction value of $94,317. The education technology company, currently valued at $1.38 billion, has maintained impressive gross profit margins of 62.5% and according to InvestingPro analysis, appears to be trading below its Fair Value.
The sale was executed under a Rule 10b5-1 trading plan, which allows company insiders to set up a predetermined plan to sell stocks. This plan was adopted by Brown on March 4, 2024. Following this transaction, Brown holds 1,141,896 shares of Udemy stock directly. The stock has shown strong momentum with a 20.5% return over the past six months, despite typical price volatility. InvestingPro data reveals 12 additional key insights about Udemy’s financial health and market position, available in the comprehensive Pro Research Report.
The shares were sold in multiple trades, with prices ranging from $9.28 to $9.63. The reported sale price reflects the weighted average of these transactions. Brown has committed to providing full details of the transactions upon request to the SEC, Udemy, or its shareholders.
In other recent news, Udemy reported fourth-quarter earnings that exceeded analyst expectations, with adjusted earnings per share at $0.10, surpassing the projected $0.06. The company also reported revenue of $199.9 million, which was higher than the estimated $194.71 million, marking a 5% increase year-over-year. Udemy’s enterprise segment, Udemy Business, demonstrated strong growth with a 13% increase in revenue to $130.1 million, while the consumer segment experienced a 7% decline to $69.8 million. Despite these positive results, the company provided a softer revenue outlook for the first quarter of 2025, forecasting between $195 million and $199 million, below the analyst consensus of $201.4 million.
For the full year 2024, Udemy’s revenue grew by 8% to $786.6 million, with the enterprise segment climbing 18% to $494.5 million, while consumer segment revenue decreased by 5% to $292.1 million. Udemy Business Annual Recurring Revenue increased by 11% year-over-year to $516.9 million. The company ended the quarter with $355.7 million in cash and marketable securities, noting that foreign exchange rates negatively impacted revenue growth by 2 percentage points.
Meanwhile, Cantor Fitzgerald maintained an Overweight rating on Udemy, reaffirming a price target of $11.00. Analyst Brett Knoblauch highlighted the company’s strategic product enhancements and robust financial position as key factors for potential recovery. Knoblauch also emphasized Udemy’s agility in quickly releasing new courses, which could contribute to its competitive advantage in the online learning market.
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