Udemy Inc’s recent filing unveils that its Officer VELAYUDHAN PILLAI VENUGOPAL acquired Company’s shares for reported $0.16 million on Sep 05 ’24. In the deal valued at $8.16 per share,20,027 shares were bought.
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Then, VELAYUDHAN PILLAI VENUGOPAL bought 28,207 shares, generating $236,304 in total proceeds.
Before that, VELAYUDHAN PILLAI VENUGOPAL bought 25,000 shares. Udemy Inc shares valued at $205,835 were divested by the Officer at a price of $8.23 per share.
Canaccord Genuity initiated its Udemy Inc [UDMY] rating to a Buy in a research note published on August 08, 2024; the price target was $12. A number of analysts have revised their coverage, including BofA Securities’s analysts, who decreased its forecast for the stock in early August from “a Buy” to “a Neutral”. Piper Sandler revised its rating on July 18, 2022. It rated UDMY as “a Neutral” which previously was an “an Overweight”.
Price Performance Review of UDMY
On Tuesday, Udemy Inc [NASDAQ:UDMY] saw its stock unchanged to $8.07. Over the last five days, the stock has gained 0.37%. Udemy Inc shares have fallen nearly -45.21% since the year began. Nevertheless, the stocks have fallen -9.33% over the past one year. While a 52-week high of $16.01 was reached on 02/12/24, a 52-week low of $6.67 was recorded on 08/05/24. SMA at 50 days reached $8.02, while 200 days put it at $10.42.
Levels Of Support And Resistance For UDMY Stock
The 24-hour chart illustrates a support level at 8.01, which if violated will result in even more drops to 7.94. On the upside, there is a resistance level at 8.18. A further resistance level may holdings at 8.29. The Relative Strength Index (RSI) on the 14-day chart is 51.49, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.15, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 36.36%. Stochastics %K at 67.51% 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 2024-08-30, growing by 13282.0 shares to a total of 8.28 million shares. Yahoo Finance data shows the prior-month short interest on 2024-07-31 was 8.27 million shares. There was a rise of 0.16%, which implies that there is a positive sentiment for the stock.
The most recent change occurred on March 30, 2022 when Cantor Fitzgerald began covering the stock and recommended ‘”an Overweight”‘ rating along with a $22 price target.
