Coursera (NYSE:COUR) SVP Sells $50,447.28 in Stock

Coursera, Inc. (NYSE:COUR) SVP Alan Cardenas sold 9,139 shares of Coursera stock in a transaction that occurred on Monday, May 18th. The shares were sold at an average price of $5.52, for a total transaction of $50,447.28. Following the sale, the senior vice president directly owned 255,934 shares in the company, valued at approximately $1,412,755.68. The trade was a 3.45% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website.

Coursera Stock Performance

COUR stock opened at $5.23 on Friday. The firm has a market cap of $884.75 million, a PE ratio of -13.75 and a beta of 1.30. The firm’s 50 day moving average price is $5.85 and its 200-day moving average price is $6.68. Coursera, Inc. has a one year low of $5.00 and a one year high of $13.56.

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

Coursera declared that its board has approved a share repurchase program on Monday, May 18th that permits the company to buyback $500.00 million in outstanding shares. This buyback authorization permits the company to purchase up to 55.9% of its stock through open market purchases. Stock buyback programs are usually a sign that the company’s leadership believes its shares are undervalued.

Wall Street Analyst Weigh In

A number of research analysts have commented on COUR shares. BMO Capital Markets decreased their price target on Coursera from $8.00 to $7.00 and set an “outperform” rating on the stock in a research note on Monday, April 27th. JPMorgan Chase & Co. decreased their price target on Coursera from $10.00 to $8.00 and set an “overweight” rating on the stock in a research note on Friday, April 24th. The Goldman Sachs Group decreased their price target on Coursera from $9.00 to $6.00 and set a “sell” rating on the stock in a research note on Saturday, February 7th. Morgan Stanley set a $7.50 price target on Coursera in a research note on Friday, April 24th. Finally, KeyCorp decreased their price target on Coursera from $12.00 to $10.00 and set an “overweight” rating on the stock in a research note on Friday, February 6th. Eight research analysts have rated the stock with a Buy rating, five have assigned a Hold rating and two have given a Sell rating to the company. According to data from MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $9.50.

Hedge Funds Weigh In On Coursera

Institutional investors and hedge funds have recently modified their holdings of the company. Vanguard Group Inc. grew its stake in shares of Coursera by 2.6% during the third quarter. Vanguard Group Inc. now owns 13,921,600 shares of the company’s stock worth $163,022,000 after purchasing an additional 357,264 shares in the last quarter. Baillie Gifford & Co. grew its stake in shares of Coursera by 97.0% during the fourth quarter. Baillie Gifford & Co. now owns 14,590,942 shares of the company’s stock worth $107,389,000 after purchasing an additional 7,184,167 shares in the last quarter. Cannell & Spears LLC acquired a new position in shares of Coursera during the third quarter worth $6,576,000. Universal Beteiligungs und Servicegesellschaft mbH grew its stake in shares of Coursera by 58.2% during the fourth quarter. Universal Beteiligungs und Servicegesellschaft mbH now owns 1,084,567 shares of the company’s stock worth $7,982,000 after purchasing an additional 398,920 shares in the last quarter. Finally, Algert Global LLC grew its stake in shares of Coursera by 40.1% during the third quarter. Algert Global LLC now owns 1,161,981 shares of the company’s stock worth $13,607,000 after purchasing an additional 332,409 shares in the last quarter. Institutional investors and hedge funds 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.