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Udemy, Inc. (NASDAQ:UDMY – Get Rating) CTO Venu Venugopal sold 1,591 shares of Udemy stock in a transaction dated Monday, November 7th. The shares were sold at an average price of $14.43, for a total value of $22,958.13. Following the completion of the transaction, the chief technology officer now directly owns 275,707 shares of the company’s stock, valued at $3,978,452.01. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.
Venu Venugopal also recently made the following trade(s):
- On Tuesday, August 16th, Venu Venugopal sold 2,376 shares of Udemy stock. The shares were sold at an average price of $14.81, for a total value of $35,188.56.
Udemy Price Performance
Shares of Udemy stock traded up $0.21 during trading on Wednesday, hitting $15.42. 335,649 shares of the company were exchanged, compared to its average volume of 587,606. The firm has a market capitalization of $2.18 billion and a P/E ratio of -14.28. Udemy, Inc. has a 1-year low of $9.47 and a 1-year high of $32.62. The firm’s fifty day moving average price is $14.03 and its 200 day moving average price is $13.07.
Hedge Funds Weigh In On Udemy
Several institutional investors have recently modified their holdings of UDMY. Davy Global Fund Management Ltd acquired a new position in shares of Udemy during the 1st quarter worth about $227,000. Gladius Capital Management LP acquired a new position in shares of Udemy in the 1st quarter valued at approximately $75,000. New York State Common Retirement Fund grew its position in shares of Udemy by 277.1% in the 1st quarter. New York State Common Retirement Fund now owns 9,428 shares of the company’s stock valued at $117,000 after purchasing an additional 6,928 shares during the period. JFG Wealth Management LLC acquired a new position in shares of Udemy in the 1st quarter valued at approximately $199,000. Finally, Keebeck Alpha LP acquired a new position in shares of Udemy in the 1st quarter valued at approximately $127,000. 73.46% of the stock is currently owned by institutional investors and hedge funds.
Wall Street Analyst Weigh In
A number of research analysts recently issued reports on UDMY shares. JPMorgan Chase & Co. cut their price target on Udemy from $16.00 to $14.00 and set a “neutral” rating for the company in a report on Thursday, November 3rd. Piper Sandler lifted their price objective on Udemy from $13.00 to $14.50 and gave the stock a “neutral” rating in a research report on Friday, November 4th. KeyCorp lifted their price objective on Udemy from $15.00 to $16.00 and gave the stock an “overweight” rating in a research report on Thursday, August 4th. Finally, Morgan Stanley lowered their price objective on Udemy from $17.00 to $16.00 and set an “equal weight” rating for the company in a research report on Tuesday, July 19th. Four investment analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $23.13.
About Udemy
(Get Rating)
Udemy, Inc operates a marketplace platform for teaching and learning skills in the United States and internationally. The company offers technical and business skills, and personal development courses for individual learners and enterprise customers. Its platform provides 49 million learners with access to approximately 180,000 courses through direct-to-consumer or Udemy Business offerings in approximately 75 languages.
See Also
- Get a free copy of the StockNews.com research report on Udemy (UDMY)
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