Coursera (NYSE:COUR) SVP Sells $52,183.69 in Stock

Coursera, Inc. (NYSE:COUR) SVP Alan Cardenas sold 9,139 shares of the company’s stock in a transaction on Monday, August 17th. The stock was sold at an average price of $5.71, for a total value of $52,183.69. Following the transaction, the senior vice president directly owned 236,237 shares in the company, valued at approximately $1,348,913.27. The trade was a 3.72% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this link.

Coursera Price Performance

Coursera stock opened at $5.85 on Friday. The stock has a market capitalization of $1.55 billion, a price-to-earnings ratio of -8.73, a PEG ratio of 0.74 and a beta of 1.24. Coursera, Inc. has a 1-year low of $5.00 and a 1-year high of $12.32. The business has a fifty day moving average price of $5.65 and a 200-day moving average price of $5.78.

Coursera (NYSE:COUR) last announced its earnings results on Wednesday, July 29th. The company reported $0.17 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.10 by $0.07. The company had revenue of $298.60 million for the quarter, compared to analyst estimates of $293.61 million. Coursera had a negative return on equity of 1.72% and a negative net margin of 15.39%.The firm’s quarterly revenue was up 59.6% compared to the same quarter last year. During the same period in the prior year, the company posted $0.12 EPS. On average, equities research analysts anticipate that Coursera, Inc. will post 0.16 earnings per share for the current fiscal year.

Coursera declared that its board has initiated a stock buyback plan on Monday, May 18th that authorizes the company to buyback $500.00 million in outstanding shares. This buyback authorization authorizes the company to reacquire up to 55.9% of its stock through open market purchases. Stock buyback plans are usually an indication that the company’s leadership believes its stock is undervalued.

Analysts Set New Price Targets

A number of research analysts have issued reports on COUR shares. Telsey Advisory Group cut their price target on shares of Coursera from $14.00 to $10.00 and set an “outperform” rating on the stock in a research note on Friday, April 24th. Weiss Ratings downgraded shares of Coursera from a “sell (d-)” rating to a “sell (e+)” rating in a research note on Tuesday, August 11th. The Goldman Sachs Group raised shares of Coursera from a “sell” rating to a “neutral” rating and boosted their price objective for the company from $5.50 to $6.50 in a report on Monday, August 3rd. Royal Bank Of Canada reissued an “outperform” rating and issued a $7.00 target price on shares of Coursera in a research report on Wednesday, June 24th. Finally, KeyCorp reaffirmed an “overweight” rating on shares of Coursera in a research report on Wednesday, June 24th. One equities research analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating, three have assigned a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, Coursera presently has an average rating of “Moderate Buy” and an average target price of $8.55.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in the business. Aster Capital Management DIFC Ltd purchased a new position in shares of Coursera during the 4th quarter valued at about $25,000. Optiver Holding B.V. acquired a new position in shares of Coursera in the 1st quarter valued at about $31,000. Versant Capital Management Inc boosted its stake in shares of Coursera by 63.2% in the second quarter. Versant Capital Management Inc now owns 5,555 shares of the company’s stock worth $31,000 after buying an additional 2,152 shares during the last quarter. Caitong International Asset Management Co. Ltd grew its holdings in Coursera by 224.1% during the fourth quarter. Caitong International Asset Management Co. Ltd now owns 4,939 shares of the company’s stock worth $36,000 after acquiring an additional 3,415 shares during the period. Finally, Clearstead Trust LLC acquired a new stake in Coursera during the fourth quarter worth about $39,000. Hedge funds and other institutional investors own 89.55% of the company’s stock.

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.