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.
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
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.
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.
- Get a free copy of the StockNews.com research report on Udemy (UDMY)
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