Udemy Inc (UDMY): A Case For Going Higher

After Hours

There is a slight risk associated with trading before and after the market open. Due to lower liquidity and higher volatility, extended-hours trading may result in wider spreads on particular security due to the release of critical financial information after regular trading hours. After-hours trades for Udemy Inc (UDMY) shows that investor sentiment remained intact, with the stock’s consolidated last price rising by $0.02, or 0.15%, to $13.61. The Udemy Inc has recorded 20,892 volume in the after hours trading session. Recently, Yahoo Finance discussed the stock, revealing that Udemy Named to Built In’s Annual List of Best Places to Work in 2024.

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Stocks Info

This NASDAQ-listed company operates within the Education & Training Services industry segment, falling under the Consumer Defensive sector. At the end of the last regular session, the stock closed at $13.59 and fluctuated between $13.78 as its day high and $13.32 as its day low. The current market capitalization of Udemy Inc is $2.07B. A total of 0.73 million shares were traded on the day, compared to an average of 867.04K shares.

Insider Activity

Insider trades can also provide insight into a stock’s future direction. During the recent three months, UDMY has seen 2 BUY and 17 SELL insider trades, representing the acquisition of 113,970 and the disposition of 8,050,355 shares. Over the last 12 months, there were 25 BUYs and 68 SELLs from insiders. Insiders purchased 2,172,022 shares during that period but sold 8,544,296.

In the most recent transaction, Bali Eren sold 15,000 shares of UDMY for 14.11 per share on Jan 02. After the transaction, the Director now owns 1,691,050 company shares. In a previous transaction on Jan 02, Venugopal Venu sold 4,000 shares at 14.11 per share. UDMY shares that Chief Technology Officer owns now total 352,013.

Among the insiders who sold shares, Bali Eren disposed of 4,188 shares on Dec 14 at a per-share price of $16.00. This resulted in the Director holding 1,706,050 shares of UDMY after the transaction. In another insider transaction, Venugopal Venu sold 28,000 shares at $15.00 per share on Dec 08. Company shares held by the Chief Technology Officer now total 357,512.

Even though price targets are rarely accurate, they do tend to exert some kind of influence from time to time and are often considered important by markets. In terms of 52-week highs and lows, UDMY has a high of $16.01 and a low of $8.17.

As of this writing, UDMY has an earnings estimate of -$0.02 per share for the current quarter. EPS was calculated based on a consensus of 12 estimates, with a high estimate of $0.01 per share and a lower estimate of -$0.05. The company reported an EPS of -$0.01 in the last quarter, which was 85.70% higher than expectations of -$0.07.

Balance Sheet Annually/Quarterly

In a balance sheet, you can see what assets and liabilities the company has, as well as how much equity investors have invested. These figures can be used to calculate a company’s financial ratios to give investors a better idea of its prospects. UDMY’s latest balance sheet shows that the firm has $534.61M in Cash & Short Term Investments as of fiscal 2021. There were $0.00 in debt and $341.34M in liabilities at the time. Its Book Value Per Share was $2.27, while its Total Shareholder’s Equity was $389.70M.

Analysts Opinion

The risks associated with pre-market and after-hours trading may be slightly higher than the regular market hours. The reason is that extended-hours trading may result in wider spreads for particular security due to lower liquidity and higher volatility as issuers often announce critical financial information outside regular trading hours. Currently, 0 analysts are providing their opinions on the stock. On a scale of 1 to 5, with 1 being Sell and 5 being Buy, the average analyst rating for UDMY is Buy with a score of 4.25.

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