Udemy, Inc. (NASDAQ:UDMY) Given Consensus Recommendation of “Moderate Buy” by Analysts

Shares of Udemy, Inc. (NASDAQ:UDMY – Get Rating) have been given an average recommendation of “Hold” by the nine ratings firms that are presently covering the company, Marketbeat reports. Three research analysts have rated the stock with a hold recommendation and two have assigned a buy recommendation to the company. The average 1 year target price among brokerages that have issued a report on the stock in the last year is $14.00.

A number of analysts have issued reports on UDMY shares. Piper Sandler reissued a “neutral” rating and issued a $12.00 target price on shares of Udemy in a research report on Wednesday, April 5th. Morgan Stanley lowered their price target on Udemy from $15.00 to $14.00 and set an “equal weight” rating on the stock in a report on Friday, March 31st. KeyCorp cut their price target on Udemy from $19.00 to $15.00 and set an “overweight” rating for the company in a research note on Wednesday, February 15th. Truist Financial decreased their price objective on shares of Udemy from $18.00 to $13.00 in a research note on Thursday, May 4th. Finally, Robert W. Baird cut their price objective on shares of Udemy from $15.00 to $11.00 in a report on Thursday, May 4th.

Insider Activity

In other Udemy news, CTO Venu Venugopal sold 4,897 shares of Udemy stock in a transaction on Monday, February 27th. The shares were sold at an average price of $9.76, for a total value of $47,794.72. Following the transaction, the chief technology officer now directly owns 250,067 shares in the company, valued at $2,440,653.92. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. In other Udemy news, Director Eren Bali sold 15,000 shares of the business’s stock in a transaction that occurred on Monday, March 6th. The shares were sold at an average price of $9.90, for a total transaction of $148,500.00. Following the completion of the sale, the director now directly owns 1,826,648 shares in the company, valued at $18,083,815.20. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, CTO Venu Venugopal sold 4,897 shares of the company’s stock in a transaction on Monday, February 27th. The shares were sold at an average price of $9.76, for a total transaction of $47,794.72. Following the completion of the transaction, the chief technology officer now owns 250,067 shares of the company’s stock, valued at $2,440,653.92. The disclosure for this sale can be found here. In the last three months, insiders have sold 47,259 shares of company stock worth $442,703. 39.20% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in the stock. Caledonia Private Investments Pty Ltd raised its holdings in shares of Udemy by 11.1% during the first quarter. Caledonia Private Investments Pty Ltd now owns 8,593,140 shares of the company’s stock worth $75,877,000 after purchasing an additional 855,400 shares during the period. Greenvale Capital LLP raised its position in shares of Udemy by 8.4% in the first quarter. Greenvale Capital LLP now owns 6,450,000 shares of the company’s stock valued at $56,954,000 after purchasing an additional 500,000 shares during the period. NVP Associates LLC acquired a new stake in shares of Udemy in the fourth quarter worth $65,721,000. Vanguard Group Inc. boosted its stake in Udemy by 17.2% during the third quarter. Vanguard Group Inc. now owns 5,424,381 shares of the company’s stock worth $65,580,000 after buying an additional 797,005 shares in the last quarter. Finally, BlackRock Inc. boosted its stake in shares of Udemy by 2.4% in the 1st quarter. BlackRock Inc. now owns 4,388,920 shares of the company’s stock valued at $38,754,000 after purchasing an additional 102,003 shares in the last quarter. 73.26% of the stock is currently owned by institutional investors.

Udemy Price Performance

Shares of Udemy stock opened at $9.94 on Friday. The stock’s 50-day moving average is $8.90 and its 200 day moving average is $10.82. The firm has a market cap of $1.46 billion, a price-to-earnings ratio of -8.21 and a beta of 1.75. Udemy has a one year low of $8.17 and a one year high of $17.26.

About Udemy

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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.