Alan Cardenas Sells 9,710 Shares of Coursera (NYSE:COUR) Stock

Coursera, Inc. (NYSE:COUR) SVP Alan Cardenas sold 9,710 shares of the firm’s stock in a transaction that occurred on Tuesday, February 17th. The stock was sold at an average price of $5.92, for a total value of $57,483.20. Following the sale, the senior vice president directly owned 217,876 shares of the company’s stock, valued at $1,289,825.92. This represents a 4.27% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Coursera Stock Performance

Coursera stock opened at $6.08 on Friday. The stock has a market capitalization of $1.01 billion, a price-to-earnings ratio of -19.60 and a beta of 1.37. Coursera, Inc. has a 52-week low of $5.47 and a 52-week high of $13.56. The stock’s 50 day moving average price is $6.75 and its two-hundred day moving average price is $8.96.

Coursera (NYSE:COUR) last released its earnings results on Thursday, February 5th. The company reported $0.06 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.06. The company had revenue of $196.90 million for the quarter, compared to the consensus estimate of $191.83 million. Coursera had a negative net margin of 6.73% and a negative return on equity of 5.19%. Coursera’s quarterly revenue was up 9.9% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.08 EPS. On average, equities research analysts forecast that Coursera, Inc. will post -0.28 EPS for the current year.

Wall Street Analyst Weigh In

A number of equities research analysts have commented on COUR shares. BMO Capital Markets reissued an “outperform” rating and issued a $8.00 price objective on shares of Coursera in a research note on Friday, February 6th. Royal Bank Of Canada dropped their price objective on shares of Coursera from $11.00 to $8.00 and set an “outperform” rating on the stock in a research note on Friday, February 6th. The Goldman Sachs Group decreased their target price on shares of Coursera from $9.00 to $6.00 and set a “sell” rating for the company in a research report on Saturday, February 7th. JPMorgan Chase & Co. upgraded shares of Coursera from a “neutral” rating to an “overweight” rating and set a $12.00 target price on the stock in a report on Wednesday, December 17th. Finally, UBS Group reiterated a “neutral” rating and set a $7.00 price target on shares of Coursera in a research note on Friday, February 6th. Eight investment analysts have rated the stock with a Buy rating, five have given a Hold rating and two have assigned a Sell rating to the stock. According to MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $10.62.

Hedge Funds Weigh In On Coursera

A number of hedge funds and other institutional investors have recently modified their holdings of the business. Vanguard Group Inc. increased its position in shares of Coursera by 15.8% during the fourth quarter. Vanguard Group Inc. now owns 16,116,748 shares of the company’s stock valued at $118,619,000 after acquiring an additional 2,195,148 shares during the last quarter. Baillie Gifford & Co. boosted its holdings in shares of Coursera by 97.0% in the 4th quarter. Baillie Gifford & Co. now owns 14,590,942 shares of the company’s stock worth $107,389,000 after buying an additional 7,184,167 shares during the last quarter. Caledonia Private Investments Pty Ltd grew its position in Coursera by 29.4% during the fourth quarter. Caledonia Private Investments Pty Ltd now owns 12,052,670 shares of the company’s stock valued at $88,708,000 after buying an additional 2,739,039 shares during the period. Mak Capital One LLC purchased a new stake in Coursera during the fourth quarter worth about $27,610,000. Finally, Geode Capital Management LLC raised its position in Coursera by 3.3% in the fourth quarter. Geode Capital Management LLC now owns 3,359,248 shares of the company’s stock worth $24,729,000 after acquiring an additional 106,287 shares during the period. Hedge funds and other institutional investors own 89.55% of the company’s stock.

About Coursera

Coursera, Inc (NYSE:COUR) operates a leading online learning platform that delivers courses, specializations, professional certificates and fully accredited degree programs in collaboration with top universities and industry partners. Founded in 2012 by Stanford University professors Andrew Ng and Daphne Koller, Coursera’s mission is to provide universal access to world-class education and bridge skill gaps in a rapidly evolving job market.

The platform features more than 6,000 offerings created by over 275 academic institutions and corporate entities, spanning fields such as data science, business, technology, health care and the arts.