Richard J. Jacquet Sells 40,730 Shares of Coursera, Inc. (NYSE:COUR) Stock

Coursera, Inc. (NYSE:COUR – Get Rating) SVP Richard J. Jacquet sold 40,730 shares of the firm’s stock in a transaction dated Wednesday, May 17th. The shares were sold at an average price of $11.55, for a total value of $470,431.50. Following the transaction, the senior vice president now directly owns 396,081 shares of the company’s stock, valued at approximately $4,574,735.55. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.

Coursera Price Performance

NYSE COUR opened at $12.00 on Friday. The company has a 50 day simple moving average of $11.19 and a 200-day simple moving average of $12.51. Coursera, Inc. has a 52-week low of $9.81 and a 52-week high of $17.66. The firm has a market capitalization of $1.81 billion, a price-to-earnings ratio of -10.34 and a beta of 1.79.

Analysts Set New Price Targets

Several equities analysts have recently weighed in on the stock. Royal Bank of Canada restated an “outperform” rating and set a $18.00 price objective on shares of Coursera in a research report on Friday, March 10th. Telsey Advisory Group restated an “outperform” rating and set a $20.00 target price on shares of Coursera in a report on Friday, March 10th. KeyCorp dropped their price target on Coursera from $19.00 to $17.00 in a report on Friday, April 28th. Cantor Fitzgerald decreased their target price on Coursera from $14.00 to $13.00 in a report on Friday, April 28th. Finally, Morgan Stanley decreased their price target on Coursera from $18.00 to $17.00 and set an “overweight” rating for the company in a research report on Friday, March 31st. Six equities research analysts have rated the stock with a hold rating and six have given a buy rating to the stock. According to data from MarketBeat, Coursera presently has an average rating of “Moderate Buy” and an average price target of $17.08.

Institutional Investors Weigh In On Coursera

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Values First Advisors Inc. raised its holdings in shares of Coursera by 21.6% during the third quarter. Values First Advisors Inc. now owns 31,300 shares of the company’s stock worth $337,000 after acquiring an additional 5,550 shares in the last quarter. Versor Investments LP raised its stake in shares of Coursera by 94.1% during the 4th quarter. Versor Investments LP now owns 52,400 shares of the company’s stock worth $620,000 after purchasing an additional 25,400 shares in the last quarter. Fox Run Management L.L.C. acquired a new stake in shares of Coursera during the 3rd quarter valued at about $236,000. Cubist Systematic Strategies LLC grew its stake in shares of Coursera by 9.4% in the 3rd quarter. Cubist Systematic Strategies LLC now owns 163,217 shares of the company’s stock valued at $1,759,000 after buying an additional 14,066 shares in the last quarter. Finally, Yarbrough Capital LLC acquired a new position in Coursera in the fourth quarter worth approximately $115,000. Hedge funds and other institutional investors own 62.31% of the company’s stock.

About Coursera

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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.