Coursera (NYSE:COUR) Major Shareholder Sells $2,461,550.00 in Stock

Coursera, Inc. (NYSE:COUR) major shareholder Insight Holdings Group, Llc sold 455,000 shares of the business’s stock in a transaction dated Tuesday, May 19th. The shares were sold at an average price of $5.41, for a total value of $2,461,550.00. Following the completion of the sale, the insider directly owned 441,439 shares of the company’s stock, valued at $2,388,184.99. The trade was a 50.76% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Large shareholders that own more than 10% of a company’s shares are required to disclose their transactions with the SEC.

Insight Holdings Group, Llc also recently made the following trade(s):

• On Wednesday, May 20th, Insight Holdings Group, Llc sold 1,466,372 shares of Coursera stock. The shares were sold at an average price of $5.24, for a total value of $7,683,789.28.
• On Monday, May 18th, Insight Holdings Group, Llc sold 78,628 shares of Coursera stock. The shares were sold at an average price of $5.69, for a total value of $447,393.32.

Coursera Trading Up 8.3%

Coursera stock traded up $0.45 during midday trading on Monday, reaching $5.84. The stock had a trading volume of 9,711,627 shares, compared to its average volume of 5,557,659. Coursera, Inc. has a 12 month low of $5.00 and a 12 month high of $13.56. The company has a market capitalization of $988.04 million, a P/E ratio of -15.35 and a beta of 1.25. The company has a fifty day moving average price of $5.77 and a two-hundred day moving average price of $6.56.

Coursera (NYSE:COUR) last issued its earnings results on Thursday, April 23rd. The company reported $0.07 EPS for the quarter, missing analysts’ consensus estimates of $0.08 by ($0.01). The firm had revenue of $195.70 million during the quarter, compared to the consensus estimate of $195.17 million. Coursera had a negative net margin of 8.23% and a negative return on equity of 5.41%. The business’s quarterly revenue was up 9.1% on a year-over-year basis. During the same period in the previous year, the firm earned $0.12 earnings per share. On average, equities research analysts predict that Coursera, Inc. will post -0.09 earnings per share for the current fiscal year.

Coursera declared that its board has initiated a share repurchase plan on Monday, May 18th that authorizes the company to buyback $500.00 million in shares. This buyback authorization authorizes the company to buy up to 55.9% of its stock through open market purchases. Stock buyback plans are generally a sign that the company’s board believes its shares are undervalued.

Analyst Upgrades and Downgrades

COUR has been the subject of a number of analyst reports. 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. KeyCorp cut their price target on Coursera from $12.00 to $10.00 and set an “overweight” rating for the company in a research note on Friday, February 6th. Telsey Advisory Group cut their price target on Coursera from $14.00 to $10.00 and set an “outperform” rating for the company in a research note on Friday, April 24th. Wall Street Zen downgraded Coursera from a “buy” rating to a “hold” rating in a research note on Saturday, April 25th. Finally, BMO Capital Markets cut their price target on Coursera from $8.00 to $7.00 and set an “outperform” rating for the company in a research note on Monday, April 27th. Eight investment analysts have rated the stock with a Buy rating, five have issued a Hold rating and two have given a Sell rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $9.50.

Institutional Trading of Coursera

Institutional investors and hedge funds have recently modified their holdings of the business. Aster Capital Management DIFC Ltd purchased a new stake in shares of Coursera during the fourth quarter valued at approximately $25,000. Caitong International Asset Management Co. Ltd increased its position in shares of Coursera by 224.1% during the fourth quarter. Caitong International Asset Management Co. Ltd now owns 4,939 shares of the company’s stock valued at $36,000 after acquiring an additional 3,415 shares during the last quarter. Clearstead Trust LLC purchased a new stake in shares of Coursera during the fourth quarter valued at approximately $39,000. Quarry LP increased its position in shares of Coursera by 619.9% during the third quarter. Quarry LP now owns 4,024 shares of the company’s stock valued at $47,000 after acquiring an additional 3,465 shares during the last quarter. Finally, Falcon Wealth Planning purchased a new stake in shares of Coursera during the first quarter valued at approximately $60,000. 89.55% of the stock is owned by hedge funds and other institutional investors.

Coursera Company Profile

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.