Udemy Inc’s recent filing unveils that its 10% Owner NASPERS LTD unloaded Company’s shares for reported $25.09 million on Jan 21 ’25. In the deal valued at $7.84 per share,3,200,000 shares were sold. As a result of this transaction, NASPERS LTD now holds 13,920,840 shares worth roughly $104.96 million.
Then, Brown Gregory Scott sold 10,000 shares, generating $87,060 in total proceeds. Upon selling the shares at $8.71, the President and CEO now owns 1,183,086 shares.
Before that, GREGORY S BROWN bought 10,000 shares. Udemy Inc shares valued at $85,800 were divested by the Director at a price of $8.58 per share.
Scotiabank initiated its Udemy Inc [UDMY] rating to a Sector outperform in a research note published on December 05, 2024; the price target was $10. A number of analysts have revised their coverage, including Morgan Stanley’s analysts, who decreased its forecast for the stock in late September from “an Equal-weight” to “an Underweight”. Canaccord Genuity began covering UDMY with “Buy” recommendation on August 08, 2024. BofA Securities revised its rating on August 01, 2024. It rated UDMY as “a Neutral” which previously was an “a Buy”.
Price Performance Review of UDMY
On Friday, Udemy Inc [NASDAQ:UDMY] saw its stock jump 0.67% to $7.54. Over the last five days, the stock has lost -11.81%. Udemy Inc shares have fallen nearly -8.38% since the year began. Nevertheless, the stocks have fallen -46.14% over the past one year. While a 52-week high of $14.74 was reached on 01/07/25, a 52-week low of $6.67 was recorded on 01/23/25. SMA at 50 days reached $8.15, while 200 days put it at $8.45.
Levels Of Support And Resistance For UDMY Stock
The 24-hour chart illustrates a support level at 7.42, which if violated will result in even more drops to 7.29. On the upside, there is a resistance level at 7.64. A further resistance level may holdings at 7.73. The Relative Strength Index (RSI) on the 14-day chart is 36.38, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.73, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 75.80%. Stochastics %K at 16.20% indicates the stock is a buying.
How much short interest is there in Udemy Inc?
A steep rise in short interest was recorded in Udemy Inc stocks on 2024-12-31, dropping by -0.11 million shares to a total of 6.81 million shares. Yahoo Finance data shows the prior-month short interest on 2024-11-29 was 6.92 million shares. There was a decline of -1.6%, which implies that there is a negative sentiment for the stock.
