Recent Insider Activity Suggests Potential Gains for Udemy Inc (UDMY)

In a filing, Udemy Inc revealed its President and CEO Brown Gregory Scott unloaded Company’s shares for reported $0.11 million on Mar 06 ’24. In the deal valued at $11.04 per share,10,000 shares were sold. As a result of this transaction, Brown Gregory Scott now holds 1,163,328 shares worth roughly $12.95 million.

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Then, Venugopal Venu sold 6,981 shares, generating $75,534 in total proceeds. Upon selling the shares at $10.82, the Chief Technology Officer now owns 334,319 shares.

Before that, Venugopal Venu sold 4,000 shares. Udemy Inc shares valued at $55,160 were divested by the Chief Technology Officer at a price of $13.79 per share. As a result of the transaction, Venugopal Venu now holds 352,013 shares, worth roughly $3.92 million.

A number of analysts have revised their coverage, including Piper Sandler’s analysts, who decreased its forecast for the stock in mid July from “an Overweight” to “a Neutral”. Cantor Fitzgerald began covering UDMY with “an Overweight” recommendation on March 30, 2022. Berenberg started covering the stock on March 17, 2022. It rated UDMY as “a Buy”.

Price Performance Review of UDMY

On Tuesday, Udemy Inc [NASDAQ:UDMY] saw its stock jump 0.54% to $11.13. Over the last five days, the stock has gained 1.37%. Udemy Inc shares have fallen nearly -24.44% since the year began. Nevertheless, the stocks have risen 19.29% over the past one year. While a 52-week high of $16.01 was reached on 02/12/24, a 52-week low of $8.17 was recorded on 02/22/24. SMA at 50 days reached $12.78, while 200 days put it at $11.65. A total of 0.68 million shares were traded, compared to the trading of 0.89 million shares in the previous session.

Levels Of Support And Resistance For UDMY Stock

The 24-hour chart illustrates a support level at 11.02, which if violated will result in even more drops to 10.90. On the upside, there is a resistance level at 11.22. A further resistance level may holdings at 11.31. The Relative Strength Index (RSI) on the 14-day chart is 37.17, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.08, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 41.11%. Stochastics %K at 53.89% 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 Feb 29, 2024, growing by 80000.0 shares to a total of 3.78 million shares. Yahoo Finance data shows the prior-month short interest on Jan 31, 2024 was 3.7 million shares. There was a rise of 2.12%, which implies that there is a positive sentiment for the stock. In spite of short shares comprising just 3.93% of the overall stock float, the days-to-cover ratio (short ratio) rose to 3.19.

The most recent change occurred on November 23, 2021 when William Blair began covering the stock and recommended ‘”an Outperform”‘ rating .

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