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Udemy, Inc. (NASDAQ:UDMY – Get Rating) has been given a consensus recommendation of “Moderate Buy” by the thirteen ratings firms that are currently covering the company, Marketbeat reports. Three investment analysts have rated the stock with a hold recommendation and seven have given a buy recommendation to the company. The average 1-year target price among analysts that have updated their coverage on the stock in the last year is $24.17.
UDMY has been the topic of several analyst reports. Piper Sandler lifted their target price on Udemy from $11.00 to $13.00 and gave the company a “neutral” rating in a research report on Thursday, August 4th. Morgan Stanley reduced their target price on shares of Udemy from $17.00 to $16.00 and set an “equal weight” rating for the company in a research note on Tuesday, July 19th. Jefferies Financial Group raised their price target on shares of Udemy from $11.00 to $15.00 in a research report on Tuesday, May 31st. Finally, KeyCorp upped their price objective on shares of Udemy from $15.00 to $16.00 and gave the stock an “overweight” rating in a research report on Thursday, August 4th.
Insider Buying and Selling at Udemy
In related news, SVP Prasad Gune sold 1,697 shares of Udemy stock in a transaction on Tuesday, August 16th. The stock was sold at an average price of $14.81, for a total transaction of $25,132.57. Following the completion of the sale, the senior vice president now owns 278,561 shares of the company’s stock, valued at $4,125,488.41. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. In related news, SVP Prasad Gune sold 1,697 shares of the firm’s stock in a transaction that occurred on Tuesday, August 16th. The shares were sold at an average price of $14.81, for a total value of $25,132.57. Following the sale, the senior vice president now directly owns 278,561 shares of the company’s stock, valued at $4,125,488.41. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Sarah Blanchard sold 3,355 shares of the firm’s stock in a transaction on Tuesday, August 16th. The shares were sold at an average price of $14.81, for a total transaction of $49,687.55. Following the sale, the chief financial officer now owns 1,294,819 shares in the company, valued at approximately $19,176,269.39. The disclosure for this sale can be found here. Insiders sold a total of 11,387 shares of company stock valued at $168,641 in the last three months. Company insiders own 39.20% of the company’s stock.
Institutional Trading of Udemy
A number of institutional investors have recently made changes to their positions in the stock. Northern Trust Corp purchased a new stake in shares of Udemy during the fourth quarter worth about $2,414,000. Bank of America Corp DE bought a new position in shares of Udemy during the fourth quarter valued at approximately $2,276,000. Rokos Capital Management LLP purchased a new stake in Udemy in the fourth quarter worth $762,000. HBK Investments L P bought a new stake in Udemy in the fourth quarter valued at $1,466,000. Finally, Credit Suisse AG purchased a new position in Udemy during the 4th quarter valued at $11,964,000. Hedge funds and other institutional investors own 73.46% of the company’s stock.
Udemy Trading Down 4.9 %
NASDAQ UDMY opened at $14.21 on Monday. The company has a fifty day simple moving average of $13.78 and a 200 day simple moving average of $12.65. Udemy has a 12-month low of $9.47 and a 12-month high of $32.62. The company has a market cap of $1.98 billion and a P/E ratio of -14.21.
Udemy Company Profile
(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.
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