Amanda Clark Sells 1,562 Shares of Coursera, Inc. (NYSE:COUR) Stock

Coursera, Inc. (NYSE:COUR) Director Amanda Clark sold 1,562 shares of the business’s stock in a transaction on Friday, November 15th. The stock was sold at an average price of $7.16, for a total transaction of $11,183.92. Following the completion of the sale, the director now directly owns 73,142 shares in the company, valued at approximately $523,696.72. This represents a 2.09 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website.

Coursera Trading Up 1.8 %

Shares of NYSE COUR opened at $6.97 on Thursday. The firm’s 50-day moving average price is $7.50 and its 200-day moving average price is $7.69. Coursera, Inc. has a 1-year low of $6.29 and a 1-year high of $21.26. The firm has a market capitalization of $1.10 billion, a P/E ratio of -13.66 and a beta of 1.44.

Hedge Funds Weigh In On Coursera

Several institutional investors have recently made changes to their positions in the stock. Vanguard Group Inc. raised its holdings in shares of Coursera by 2.3% during the first quarter. Vanguard Group Inc. now owns 11,405,792 shares of the company’s stock valued at $159,909,000 after purchasing an additional 254,108 shares during the period. State Street Corp raised its holdings in shares of Coursera by 2.2% in the 3rd quarter. State Street Corp now owns 2,947,168 shares of the company’s stock worth $23,401,000 after acquiring an additional 63,549 shares during the last quarter. Geode Capital Management LLC raised its holdings in shares of Coursera by 7.3% in the 3rd quarter. Geode Capital Management LLC now owns 2,922,953 shares of the company’s stock worth $23,214,000 after acquiring an additional 199,050 shares during the last quarter. Millennium Management LLC raised its holdings in shares of Coursera by 67.0% in the 2nd quarter. Millennium Management LLC now owns 2,800,912 shares of the company’s stock worth $20,055,000 after acquiring an additional 1,123,397 shares during the last quarter. Finally, Invenomic Capital Management LP raised its holdings in shares of Coursera by 6.9% in the 3rd quarter. Invenomic Capital Management LP now owns 2,690,363 shares of the company’s stock worth $21,361,000 after acquiring an additional 172,585 shares during the last quarter. Institutional investors and hedge funds own 89.55% of the company’s stock.

Wall Street Analyst Weigh In

COUR has been the topic of several analyst reports. Morgan Stanley reduced their price objective on shares of Coursera from $15.00 to $10.00 and set an “overweight” rating on the stock in a research note on Friday, October 25th. Needham & Company LLC reduced their price objective on shares of Coursera from $15.00 to $11.00 and set a “buy” rating on the stock in a research note on Friday, October 25th. BMO Capital Markets reduced their price objective on shares of Coursera from $10.00 to $9.00 and set an “outperform” rating on the stock in a research note on Friday, October 25th. Royal Bank of Canada dropped their target price on shares of Coursera from $18.00 to $10.00 and set an “outperform” rating on the stock in a report on Friday, October 25th. Finally, The Goldman Sachs Group dropped their target price on shares of Coursera from $9.00 to $7.25 and set a “sell” rating on the stock in a report on Friday, October 25th. One analyst has rated the stock with a sell rating, one has assigned a hold rating and nine have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $10.93.

Coursera Company Profile

Coursera, Inc operates an online educational content platform in the United States, Europe, Africa, the Asia Pacific, the Middle East, and internationally. It operates in three segments: Consumer, Enterprise, and Degrees. The company offers guided projects, courses, and specializations, as well as online degrees; and certificates for entry-level professional, non-entry level professional, university, and MasterTrack.