Coursera (NYSE:COUR) Major Shareholder Pale Fire Capital Se Buys 1,000,000 Shares of Company Stock

Coursera, Inc. (NYSE:COUR) major shareholder Pale Fire Capital Se acquired 1,000,000 shares of the company’s stock in a transaction dated Tuesday, September 29th. The stock was acquired at an average price of $4.61 per share, for a total transaction of $4,610,000.00. Following the acquisition, the insider owned 28,806,415 shares in the company, valued at approximately $132,797,573.15. The trade was a 3.60% increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Major shareholders that own at least 10% of a company’s shares are required to disclose their sales and purchases with the SEC.

Pale Fire Capital Se also recently made the following trade(s):

• On Friday, September 25th, Pale Fire Capital Se bought 1,332,742 shares of Coursera stock. The shares were acquired at an average price of $5.06 per share, with a total value of $6,743,674.52.

Coursera Stock Up 0.2%

COUR traded up $0.01 on Tuesday, reaching $4.65. The company’s stock had a trading volume of 13,208,306 shares, compared to its average volume of 5,950,589. The stock has a 50 day moving average of $5.63 and a two-hundred day moving average of $5.68. The company has a market capitalization of $1.23 billion, a price-to-earnings ratio of -6.94, a P/E/G ratio of 0.64 and a beta of 1.26. Coursera, Inc. has a fifty-two week low of $4.53 and a fifty-two week high of $12.20.

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

Wall Street Analyst Weigh In

A number of research analysts recently commented on COUR shares. Weiss Ratings downgraded shares of Coursera from a “sell (d-)” rating to a “sell (e+)” rating in a research report on Monday, September 14th. BMO Capital Markets reissued an “outperform” rating on shares of Coursera in a report on Thursday, July 30th. KeyCorp reissued an “overweight” rating on shares of Coursera in a research report on Wednesday, June 24th. Zacks Research downgraded Coursera from a “strong-buy” rating to a “hold” rating in a research note on Monday, August 24th. Finally, Bank of America cut their price target on Coursera from $8.00 to $7.00 and set a “neutral” rating on the stock in a research report on Tuesday, June 30th. Seven analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has given a Sell rating to the company. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $8.55.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently modified their holdings of COUR. BlackRock Inc. acquired a new position in Coursera in the 2nd quarter valued at $116,245,000. Caledonia Private Investments Pty Ltd acquired a new stake in shares of Coursera in the 2nd quarter worth $114,918,000. Pale Fire Capital SE purchased a new stake in shares of Coursera in the first quarter valued at about $61,178,000. Readystate Asset Management LP boosted its holdings in shares of Coursera by 259.2% in the second quarter. Readystate Asset Management LP now owns 4,027,181 shares of the company’s stock valued at $22,713,000 after acquiring an additional 2,906,101 shares in the last quarter. Finally, Deutsche Bank AG acquired a new position in shares of Coursera during the second quarter worth about $9,848,000. 89.55% of the stock is currently owned by hedge funds and other institutional investors.

Coursera Company Profile

Coursera, Inc is an online learning platform that provides access to courses, professional certificates, guided projects, and degree programs. The company works with universities, colleges, and industry organizations to offer learning content in areas such as business, technology, data science, health, and the humanities.

Coursera serves individual learners as well as businesses, academic institutions, and government organizations. Its offerings include subscription-based course access, career-oriented professional credentials, online bachelor’s and master’s degree programs, and workforce development solutions designed to help organizations train employees and other learners.

Coursera was founded in 2012 by Stanford University professors Andrew Ng and Daphne Koller and is headquartered in Mountain View, California.