Investing in Udemy Inc. (UDMY) Is Getting More Attractive


Udemy Inc.’s filing revealed that its Director Bali Eren unloaded Company’s shares for reported $0.15 million on Mar 06. In the deal valued at $9.90 per share,15,000 shares were sold. As a result of this transaction, Bali Eren now holds 1,826,648 shares worth roughly $ 17.1 million.

Top 5 EV Tech Stocks to Buy for 2023

According a new report published by BloombergNEF on investment in the energy transition, annual spending on passenger EVs hit $388 billion in 2022, up 53% from the year before. Like we said, the boom is accelerating – and the time to buy EV-related tech stocks is now.

Click Here to Download the FREE Report.


Then, Venugopal Venu sold 4,897 shares, generating $47,795 in total proceeds. Upon selling the shares at $9.76, the Chief Technology Officer now owns 250,067 shares.

Before that, Blanchard Sarah sold 25,552 shares. Udemy Inc. shares valued at $251,432 were divested by the Chief Financial Officer at a price of $9.84 per share. As a result of the transaction, Blanchard Sarah now holds 1,055,994 shares, worth roughly $9.88 million.

Piper Sandler downgraded its Udemy Inc. [UDMY] rating to a Neutral from a an Overweight in a research note published on Tuesday, July 18, 2022; the price target was decreased to $11 from $13. PT values the company’s stock at a premium of 14.91 to its Tuesday closing price. A number of analysts have revised their coverage, including Cantor Fitzgerald’s analysts, who began to cover the stock in late March with a ‘”an Overweight”‘ rating. Berenberg began covering UDMY with “Buy” recommendation on March 17, 2022. William Blair started covering the stock on November 23, 2021. It rated UDMY as “an Outperform”.

Price Performance Review of UDMY

On Tuesday, Udemy Inc. [NASDAQ:UDMY] saw its stock jump 2.52% to $9.36. On the same session, the stock had its day’s lowest price of $9.16, but rose to a high of $9.48. Over the last five days, the stock has lost -5.45%. Udemy Inc. shares have fallen nearly -11.28% since the year began. Nevertheless, the stocks have fallen -15.14% over the past one year. While a 52-week high of $17.26 was reached on 02/08/23, a 52-week low of $8.99 was recorded on 03/02/23. SMA at 50 days reached $11.00, while 200 days put it at $12.73. A total of 0.61 million shares were traded, compared to the trading of 0.52 million shares in the previous session.

Levels Of Support And Resistance For UDMY Stock

The 24-hour chart illustrates a support level at 9.19, which if violated will result in even more drops to 9.01. On the upside, there is a resistance level at 9.51. A further resistance level may holdings at 9.65. The Relative Strength Index (RSI) on the 14-day chart is 36.48, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.31, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 70.40%. Stochastics %K at 20.51% indicates the stock is a holding.

How much short interest is there in Udemy Inc.?

A steep rise in short interest was recorded in Udemy Inc. stocks on Jan 30, 2023, growing by 0.57 million shares to a total of 2.62 million shares. Yahoo Finance data shows the prior-month short interest on Dec 29, 2022 was 2.05 million shares. There was a rise of 21.76%, which implies that there is a positive sentiment for the stock. In spite of short shares comprising just 3.57% of the overall stock float, the days-to-cover ratio (short ratio) rose to 6.3.

Udemy Inc. [UDMY] – Who Are The Largest Shareholders?

In filings from Caledonia, it is revealed that the company now owns 7,737,740 shares, or roughly 5.48% of the outstanding UDMY shares. In other words, the investor’s shares have risen by 1,149,676 from its previous 13-F filing of 6588064.0. Additionally, The Vanguard Group, Inc. increased 30.59% of its stake after which the total value it holdings stand at $65,233,827, while Greenvale Capital LLP added 12.72% of its stake to hold $56.17 million in the firm. Over the last quarter, BlackRock Fund Advisors purchased 765,270 shares of Udemy Inc., while Geode Capital Management LLC bought 54,847 shares. At present, SSgA Funds Management, Inc. is holding 1,276,245 shares valued at $12.05 million. Credit Suisse Asset Management owned 758,063 shares of the company at the time of its most recent 13F filing, worth $7.16 million.

The most recent change occurred on November 23, 2021 when Truist began covering the stock and recommended ‘”a Buy”‘ rating along with a $42 price target.


Please enter your comment!
Please enter your name here