Nerdy, Inc. (NYSE:NRDY – Get Free Report) CFO Jason H. Pello sold 75,000 shares of the stock in a transaction dated Wednesday, March 12th. The stock was sold at an average price of $1.51, for a total value of $113,250.00. Following the transaction, the chief financial officer now owns 2,068,805 shares of the company’s stock, valued at approximately $3,123,895.55. The trade was a 3.50 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link.
Nerdy Stock Up 5.1 %
NRDY opened at $1.56 on Friday. Nerdy, Inc. has a 12-month low of $0.73 and a 12-month high of $3.28. The stock has a market cap of $283.71 million, a price-to-earnings ratio of -4.57 and a beta of 2.00. The business has a 50 day moving average of $1.72 and a 200-day moving average of $1.38.
Institutional Trading of Nerdy
Several hedge funds have recently added to or reduced their stakes in the company. Franklin Resources Inc. lifted its holdings in Nerdy by 2.0% during the 3rd quarter. Franklin Resources Inc. now owns 4,100,644 shares of the company’s stock worth $4,224,000 after purchasing an additional 79,624 shares during the last quarter. Geode Capital Management LLC lifted its holdings in Nerdy by 1.9% during the 4th quarter. Geode Capital Management LLC now owns 1,750,860 shares of the company’s stock worth $2,837,000 after purchasing an additional 32,213 shares during the last quarter. State Street Corp lifted its holdings in Nerdy by 0.9% during the 3rd quarter. State Street Corp now owns 1,253,663 shares of the company’s stock worth $1,232,000 after purchasing an additional 11,721 shares during the last quarter. Northern Trust Corp increased its stake in Nerdy by 12.2% during the 4th quarter. Northern Trust Corp now owns 684,590 shares of the company’s stock worth $1,109,000 after acquiring an additional 74,233 shares during the period. Finally, Nuveen Asset Management LLC increased its stake in Nerdy by 99.5% during the 4th quarter. Nuveen Asset Management LLC now owns 410,523 shares of the company’s stock worth $665,000 after acquiring an additional 204,760 shares during the period. 39.10% of the stock is owned by institutional investors and hedge funds.
Wall Street Analyst Weigh In
Read Our Latest Stock Analysis on NRDY
About Nerdy
Nerdy, Inc operates platform for live online learning. The company's purpose-built proprietary platform leverages technology, including artificial intelligence to connect students, users, parents, guardians, and purchasers of various ages to tutors, instructors, subject matter experts, educators, and other professionals, delivering value on both sides of the network.
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