In a filing, Udemy Inc revealed its Chief Technology Officer Bali Eren unloaded Company’s shares for reported $6768.0 on Apr 02 ’25. In the deal valued at $8.00 per share,846 shares were sold. As a result of this transaction, Bali Eren now holds 2,183,386 shares worth roughly $13.36 million.
Then, Bali Eren sold 10,000 shares, generating $80,228 in total proceeds. Upon selling the shares at $8.02, the Chief Technology Officer now owns 2,146,050 shares.
Before that, EREN BALI bought 40,000 shares. Udemy Inc shares valued at $316,400 were divested by the Officer at a price of $7.91 per share.
Truist downgraded its Udemy Inc [UDMY] rating to a Hold from a a Buy in a research note published recently. A number of analysts have revised their coverage, including William Blair’s analysts, who decreased its forecast for the stock in mid March from “an Outperform” to “a Mkt perform”. Scotiabank began covering UDMY with “Sector outperform” recommendation on December 05, 2024. Morgan Stanley revised its rating on September 27, 2024. It rated UDMY as “an Underweight” which previously was an “an Equal-weight”.
Price Performance Review of UDMY
On Monday, Udemy Inc [NASDAQ:UDMY] saw its stock jump 0.33% to $6.12. Over the last five days, the stock has gained 1.32%. Udemy Inc shares have fallen nearly -25.64% since the year began. Nevertheless, the stocks have fallen -39.88% over the past one year. While a 52-week high of $11.60 was reached on 02/14/25, a 52-week low of $5.68 was recorded on 04/08/25. SMA at 50 days reached $8.31, while 200 days put it at $8.13.
Levels Of Support And Resistance For UDMY Stock
The 24-hour chart illustrates a support level at 5.99, which if violated will result in even more drops to 5.85. On the upside, there is a resistance level at 6.29. A further resistance level may holdings at 6.46. The Relative Strength Index (RSI) on the 14-day chart is 32.31, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.92, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 85.53%. Stochastics %K at 15.52% 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 2025-03-31, dropping by -1.9 million shares to a total of 3.13 million shares. Yahoo Finance data shows the prior-month short interest on 2025-02-28 was 5.04 million shares. There was a decline of -60.81%, which implies that there is a negative sentiment for the stock.
The most recent change occurred on August 08, 2024 when Canaccord Genuity began covering the stock and recommended ‘”a Buy”‘ rating along with a $12 price target.
