Udemy Inc (NASDAQ: UDMY) is -44.47% lower on its value in year-to-date trading and has touched a low of $6.67 and a high of $16.01 in the current 52-week trading range. The question becomes, what are the chances the stock will make a comeback and enjoy potential growth. Why not look at analysts view on what the future holds for the stock. The UDMY stock was last observed hovering at around $8.14 in the last trading session, with the day’s gains setting it 0.04%.
Currently trading at $8.18, the stock is 6.03% and 0.51% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 0.92 million and changing 0.49% at the moment leaves the stock -25.85% off its SMA200. UDMY registered -20.12% loss for a year compared to 6-month loss of -24.40%.
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The stock witnessed a -9.01% gain in the last 1 month and extending the period to 3 months gives it a -11.95%, and is 5.28% up over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 4.00% over the week and 4.78% over the month.
Udemy Inc (UDMY) has around 1443 employees, a market worth around $1.23B and $765.47M in sales. Fwd P/E is 26.60. Profit margin for the company is -11.39%. Distance from 52-week low is 22.64% and -48.91% from its 52-week high. The company has generated returns on investments over the last 12 months (-33.45%).
The EPS is expected to grow by 160.37% this year.
Udemy Inc (UDMY) Top Institutional Holders
195.0 institutions hold shares in Udemy Inc (UDMY), with institutional investors hold 90.45% of the company’s shares. The shares outstanding are 157.17M, and float is at 79.23M with Short Float at 10.44%. Institutions hold 85.32% of the Float.
The top institutional shareholder in the company is INSIGHT HOLDINGS GROUP, LLC with over 38.03 million shares valued at $328.22 million. The investor’s holdings represent 24.2908% of the UDMY Shares outstanding. As of 2024-06-30, the second largest holder is NASPERS LTD with 17.12 million shares valued at $147.75 million to account for 10.9349 of the shares outstanding. The other top investors are CALEDONIA (PRIVATE) INVESTMENTS PTY LTD which holds 11.27 million shares representing 7.1984% and valued at over $97.27 million, while VANGUARD GROUP INC holds 6.226 of the shares totaling 9.75 million with a market value of $84.13 million.
Udemy Inc (UDMY) Insider Activity
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Udemy Inc disclosed in a document filed with the SEC on Aug 21 ’24 that Blanchard Sarah (Chief Financial Officer) sold a total of 45,000 shares of the company’s common stock. The trade occurred on Aug 21 ’24 and was made at $8.05 per share for $0.36 million. Following the transaction, the insider now directly holds 1.0 million shares of the UDMY stock.
Still, SEC filings show that on Aug 01 ’24, Venugopal Venu (Chief Technology Officer) disposed off 1,000 shares at an average price of $7.08 for $7080.0. The insider now directly holds 420,269 shares of Udemy Inc (UDMY).
