Udemy (NASDAQ:UDMY – Get Free Report) was upgraded to “strong buy” by stock analysts at Cantor Fitzgerald in a research note published on Tuesday, Zacks.com reports.
UDMY has been the subject of a number of other reports. Truist Financial lowered their price target on shares of Udemy from $15.00 to $10.00 and gave the company a “buy” rating in a research note on Friday, August 2nd. Jefferies Financial Group lowered their price target on Udemy from $14.00 to $11.00 and gave the company a “hold” rating in a report on Monday, April 29th. Morgan Stanley lowered their price target on Udemy from $15.00 to $13.00 and gave the stock an “equal weight” rating in a research note on Friday, April 19th. Bank of America downgraded Udemy shares from a “buy” rating to a “neutral” rating and issued a $8.50 price target for the company in a research note on Thursday, August 1st. Finally, Needham & Company LLC reiterated a “buy” rating and set a $15.00 price target on shares of Udemy in a research note on Thursday, August 1. Five investment analysts have rated the stock with a “hold,” six have rated it with a “buy,” and one has rated it with a “strong buy.” According to data from MarketBeat, Udemy has a consensus rating of “Moderate Buy” and an average price target of $12.38.
Check out our latest review of Udemy
Udemy shares rise 1.7%
Udemy stock opened at $7.11 on Tuesday. The company’s 50-day moving average is $8.28 and its 200-day moving average is $10.00. Udemy has a 52-week low of $6.67 and a 52-week high of $16.01. The company has a market cap of $1.07 billion, a P/E ratio of -13.41 and a beta of 2.01.
Insider buying and selling
In related news, CTO Venu Venugopal sold 7,086 shares of the company’s stock in a transaction that occurred on Friday, May 17. The shares were sold at an average price of $9.89, for a total transaction of $70,080.54. Following the completion of the transaction, the Chief Technology Officer now owns 429,927 shares of the company’s stock, valued at $4,251,978.03. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. In other news, CEO Gregory Scott Brown sold 10,000 shares of the company’s stock in a transaction that occurred on Friday, June 28. The shares were sold at an average price of $8.50, for a total value of $85,000.00. Following the completion of the sale, the Chief Executive Officer now owns 1,273,406 shares of the company’s stock, valued at $10,823,951. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, CTO Venu Venugopal sold 7,086 shares of the company’s stock on Friday, May 17. The shares were sold at an average price of $9.89, for a total transaction of $70,080.54. Following the completion of the sale, the Chief Technology Officer now directly owns 429,927 shares of the company’s stock, valued at approximately $4,251,978.03. The disclosure regarding this sale can be found here. During the last quarter, insiders sold 80,486 shares of the company’s stock, valued at $748,021. Insiders own 3.20% of the company’s stock.
Institutional investors comment on Udemy
Large investors have recently made changes to their positions in the company. Daiwa Securities Group Inc. increased its position in shares of Udemy by 261.1% in the fourth quarter. Daiwa Securities Group Inc. now owns 4,730 shares of the company’s stock worth $70,000 after purchasing an additional 3,420 shares in the last quarter. RIA Advisory Group LLC acquired a new stake in shares of Udemy in the fourth quarter valued at $76,000. Quest Partners LLC increased its position in shares of Udemy by 6,957.5% in the second quarter. Quest Partners LLC now owns 8,963 shares of the company’s stock worth $77,000 after purchasing an additional 8,836 shares in the last quarter. Natixis increased its position in shares of Udemy by 60.8% in the first quarter. Natixis now owns 8,967 shares of the company’s stock valued at $99,000 after acquiring an additional 3,391 shares in the last quarter. Finally, XTX Topco Ltd acquired a new stake in shares of Udemy in the second quarter valued at $93,000. Institutional investors and hedge funds own 79.48% of the company’s stock.
About Udemy
(Get free report)
Udemy, Inc. is a learning company that operates a marketplace platform for skills acquisition in the United States and internationally. The company offers skill acquisition, development, and validation courses to organizations and individuals through direct-to-consumer or Udemy Business offerings in various languages.
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