Insider Selling: Coursera, Inc. (NYSE:COUR) Director Sells 40,000 Shares of Stock

Coursera, Inc. (NYSE:COUR – Get Rating) Director Andrew Y. Ng sold 40,000 shares of the firm’s stock in a transaction dated Tuesday, April 19th. The shares were sold at an average price of $22.42, for a total transaction of $896,800.00. Following the completion of the sale, the director now owns 7,521,743 shares in the company, valued at $168,637,478.06. The transaction was disclosed in a document filed with the SEC, which is accessible through this link.

COUR traded down $0.01 during trading on Thursday, reaching $22.00. 1,194,427 shares of the company’s stock were exchanged, compared to its average volume of 1,003,176. Coursera, Inc. has a 1 year low of $16.32 and a 1 year high of $49.35. The stock has a market capitalization of $3.16 billion and a P/E ratio of -16.06. The company’s fifty day simple moving average is $20.49 and its 200-day simple moving average is $24.85.

Coursera (NYSE:COUR – Get Rating) last posted its earnings results on Thursday, February 10th. The company reported ($0.34) earnings per share for the quarter, missing the consensus estimate of ($0.26) by ($0.08). The firm had revenue of $115.00 million for the quarter, compared to analysts’ expectations of $111.73 million. Coursera had a negative net margin of 34.97% and a negative return on equity of 28.61%. Coursera’s revenue for the quarter was up 38.1% compared to the same quarter last year. During the same period last year, the firm earned ($0.54) earnings per share. As a group, analysts predict that Coursera, Inc. will post -1 earnings per share for the current fiscal year.

A number of analysts have recently weighed in on COUR shares. KeyCorp lowered their price target on shares of Coursera from $45.00 to $35.00 and set an “overweight” rating on the stock in a report on Thursday, February 3rd. The Goldman Sachs Group upgraded shares of Coursera from a “neutral” rating to a “buy” rating and set a $32.00 target price for the company in a research note on Friday, January 7th. Telsey Advisory Group lowered their target price on shares of Coursera from $60.00 to $38.00 and set an “outperform” rating for the company in a research note on Monday, February 7th. Cantor Fitzgerald assumed coverage on shares of Coursera in a research note on Tuesday, March 29th. They issued an “overweight” rating and a $30.00 target price for the company. Finally, Needham & Company LLC lowered their target price on shares of Coursera from $45.00 to $32.00 and set a “buy” rating for the company in a research note on Friday, February 11th. One research analyst has rated the stock with a hold rating and sixteen have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Buy” and an average price target of $40.56.

Large investors have recently bought and sold shares of the company. Nisa Investment Advisors LLC purchased a new position in shares of Coursera during the 4th quarter valued at approximately $49,000. Neo Ivy Capital Management purchased a new position in shares of Coursera during the 4th quarter valued at approximately $55,000. Royal Bank of Canada increased its holdings in shares of Coursera by 1,303.0% during the 2nd quarter. Royal Bank of Canada now owns 1,403 shares of the company’s stock valued at $56,000 after purchasing an additional 1,303 shares in the last quarter. StepStone Group LP purchased a new position in shares of Coursera during the 3rd quarter valued at approximately $76,000. Finally, Daiwa Securities Group Inc. increased its holdings in shares of Coursera by 13.8% during the 3rd quarter. Daiwa Securities Group Inc. now owns 4,317 shares of the company’s stock valued at $136,000 after purchasing an additional 524 shares in the last quarter. 73.91% of the stock is owned by hedge funds and other institutional investors.

About Coursera (Get Rating)

Coursera, Inc operates an online educational content platform that connects learners, educators, organizations, and institutions. It offers online courses that include data science, business, computer science, information technology, health, social sciences, logic, project management, and digital marketing services; campus student plans; degree courses; and certification education.

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