Udemy Inc (NASDAQ: UDMY) is -41.55% 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 $7.96 in the last trading session, with the day’s gains setting it 0.65%.
Currently trading at $8.61, the stock is 5.68% and 7.81% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.44 million and changing 8.17% at the moment leaves the stock -3.55% off its SMA200. UDMY registered -42.14% loss for a year compared to 6-month loss of 2.87%. The firm has a 50-day simple moving average (SMA 50) of $7.9796 and a 200-day simple moving average (SMA200) of $8.938575.
The stock witnessed a 9.82% gain in the last 1 month and extending the period to 3 months gives it a 6.43%, and is 12.11% 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 4.40% over the week and 4.09% over the month.
Udemy Inc (UDMY) has around 1443 employees, a market worth around $1.24B and $776.17M in sales. Fwd P/E is 23.24. Profit margin for the company is -12.33%. Distance from 52-week low is 29.09% and -46.22% from its 52-week high. The company has generated returns on investments over the last 12 months (-46.97%).
with sales reaching $194.78M over the same period.The EPS is expected to grow by 1061.21% this year, but quarterly earnings will post 7.19% year-over-year. Quarterly sales are estimated to grow 2.76% in year-over-year returns.
Udemy Inc (UDMY) Top Institutional Holders
199.0 institutions hold shares in Udemy Inc (UDMY), with institutional investors hold 89.31% of the company’s shares. The shares outstanding are 146.69M, and float is at 75.53M with Short Float at 9.49%. Institutions hold 86.29% 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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Still, SEC filings show that on Nov 06 ’24, Bali Eren (Chief Technology Officer) disposed off 35,518 shares at an average price of $9.00 for $0.32 million. The insider now directly holds 2,225,532 shares of Udemy Inc (UDMY).
