The buying and selling of stock by a company’s insider give investors a sense that the stock will rise or fall in the future. Udemy Inc shares valued at $164,400 were sold by Bali Eren on Apr 01 ’24. At $10.96 per share, Bali Eren sold 15,000 shares. The insider’s holdings dropped to 1,661,050 shares worth approximately $16.98 million following the completion of this transaction.
Also, Bali Eren sold 15,000 shares, netting a total of over 164,550 in proceeds. Following the sale of shares at $10.97 each, the insider now holds 1,676,050 shares.
Before that, Brown Gregory Scott had sold 10,000 shares from its account. In a trade valued at $110,400, the President and CEO traded Udemy Inc shares for $11.04 each. Upon closing the transaction, the insider’s holdings decreased to 10,000 shares, worth approximately $11.89 million.
Analysts at Piper Sandler downgraded the stock from ‘”an Overweight”‘ to ‘”a Neutral”‘ outlook in a report released in mid July. As of March 30, 2022, Cantor Fitzgerald has initiated its “an Overweight” rating for UDMY. Earlier on March 17, 2022, Berenberg initiated its rating. Their recommendation was “a Buy” for UDMY stock.
Analyzing UDMY Stock Performance
During the last five days, there has been a drop of approximately -4.49%. Over the course of the year, Udemy Inc shares have dropped approximately -30.62%. Shares of the company reached a 52-week high of $14.74 on 02/12/24 and a 52-week low of $10.13 on 04/10/24. A 50-day SMA is recorded $11.66, while a 200-day SMA reached $11.69. Nevertheless, trading volume fell to 0.67 million shares from 0.65 million shares the previous day.
Support And Resistance Levels for Udemy Inc (UDMY)
According to the 24-hour chart, there is a support level at 10.09, which, if violated, would cause prices to drop to 9.96. In the upper region, resistance lies at 10.38. The next price resistance is at 10.54. RSI (Relative Strength Index) is 29.12 on the 14-day chart, showing oversold technical sentiment. Moving Average Convergence Divergence (MACD) is at -0.30, which suggests the price will decrease in the coming days. Percent R is at 92.61%, indicating bearish price movement. Stochastics %K at buying indicates that the stock is to be held.
Is Udemy Inc subject to short interest?
Stocks of Udemy Inc saw a sharp rise in short interest on Mar 15, 2024 jumping by 0.99 million shares to 4.79 million. Data from Yahoo Finance shows that the short interest on Feb 15, 2024 was 3.8 million shares. A jump of 20.67% in short interest reflects a negative sentiment towards the stock. Despite the fact that short shares comprise just 3.41 of the overall float, the days-to-cover ratio (short ratio) jumped to 3.41.
