In a filing, Udemy Inc revealed its Chief Technology Officer Bali Eren unloaded Company’s shares for reported $80228.0 on Mar 14 ’25. In the deal valued at $8.02 per share,10,000 shares were sold. As a result of this transaction, Bali Eren now holds 2,146,050 shares worth roughly $18.01 million.
Then, EREN BALI bought 40,000 shares, generating $316,400 in total proceeds.
Before that, Brown Gregory Scott sold 10,000 shares. Udemy Inc shares valued at $94,317 were divested by the President and CEO at a price of $9.43 per share. As a result of the transaction, Brown Gregory Scott now holds 1,141,896 shares, worth roughly $9.58 million.
William Blair downgraded its Udemy Inc [UDMY] rating to a Mkt perform from a an Outperform in a research note published recently. A number of analysts have revised their coverage, including Scotiabank’s analysts, who began to cover the stock in early December with a ‘”a Sector outperform”‘ rating. Morgan Stanley also remained covering UDMY and has decreased its forecast on September 27, 2024 with a “an Underweight” recommendation from previously “an Equal-weight” rating. Canaccord Genuity started covering the stock on August 08, 2024. It rated UDMY as “a Buy”.
Price Performance Review of UDMY
On Monday, Udemy Inc [NASDAQ:UDMY] saw its stock jump 2.32% to $8.39. Over the last five days, the stock has lost -7.60%. Udemy Inc shares have risen nearly 1.94% since the year began. Nevertheless, the stocks have fallen -25.36% over the past one year. While a 52-week high of $11.60 was reached on 02/14/25, a 52-week low of $6.67 was recorded on 01/23/25. SMA at 50 days reached $8.53, while 200 days put it at $8.22.
Levels Of Support And Resistance For UDMY Stock
The 24-hour chart illustrates a support level at 8.20, which if violated will result in even more drops to 8.02. On the upside, there is a resistance level at 8.54. A further resistance level may holdings at 8.69. The Relative Strength Index (RSI) on the 14-day chart is 43.13, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.90, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 70.57%. Stochastics %K at 21.01% 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 2025-02-28, dropping by -1.26 million shares to a total of 5.04 million shares. Yahoo Finance data shows the prior-month short interest on 2025-01-31 was 6.3 million shares. There was a decline of -25.05%, which implies that there is a negative sentiment for the stock.
