Udemy CFO Sarah Blanchard sells $174,767 in stock

Published 16/06/2025, 23:08
Udemy CFO Sarah Blanchard sells $174,767 in stock

Sarah Blanchard, Chief Financial Officer of Udemy , Inc. (NASDAQ:UDMY), recently sold 25,000 shares of the company’s common stock. The transaction, which took place on June 13, 2025, was executed at a weighted average price of $6.9907 per share, amounting to a total of $174,767. This sale was part of a pre-arranged Rule 10b5-1 trading plan adopted on March 14, 2025.

Following this transaction, Blanchard retains ownership of 1,077,097 shares in the company. InvestingPro data reveals that while the stock has experienced volatility, management has been actively buying back shares, and analysts have revised earnings upwards for the upcoming period. Additionally, on June 15, 2025, 14,842 shares were withheld by Udemy to satisfy tax withholding obligations related to the vesting and settlement of restricted stock units, at a price of $6.90 per share. This withholding transaction did not involve any sale of shares and totaled $102,409.

In other recent news, Udemy has introduced new AI upskilling packages aimed at helping organizations enhance their artificial intelligence capabilities. These offerings include the AI Readiness Package and the AI Growth Package, which provide curated courses and specialized learning paths, respectively. Additionally, Udemy has appointed Ozzie Goldschmied as Chief Technology Officer, while founder Eren Bali transitions to Head of Innovation, focusing on AI advancements. Morgan Stanley (NYSE:MS) analysts have upgraded Udemy’s stock rating from Underweight to Equalweight, raising the price target to $9.00, reflecting a more optimistic view of the company’s financial health. Meanwhile, Truist Securities maintains a Hold rating on the stock, noting Udemy’s strategic partnership with Indeed to broaden its reach. This collaboration offers professionals access to educational content and career services, including a 30-day free access to Udemy’s Personal Plan. The partnership aims to connect learning with employment by preparing job seekers with in-demand skills. These developments highlight Udemy’s ongoing efforts to expand its market presence and enhance its offerings amid the evolving technological landscape.

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