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

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

Coursera Stock Performance

Shares of NYSE COUR traded up $0.14 during midday trading on Tuesday, reaching $5.68. 4,763,148 shares of the company traded hands, compared to its average volume of 6,964,466. Coursera, Inc. has a 12 month low of $5.00 and a 12 month high of $12.32. The stock’s 50-day simple moving average is $5.63 and its 200-day simple moving average is $5.79. The firm has a market cap of $1.50 billion, a PE ratio of -8.48, a PEG ratio of 0.73 and a beta of 1.24.

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

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

Institutional Trading of Coursera

A number of institutional investors have recently modified their holdings of COUR. Aster Capital Management DIFC Ltd bought a new position in shares of Coursera during the fourth quarter worth about $25,000. Optiver Holding B.V. bought a new position in shares of Coursera during the 1st quarter worth approximately $31,000. Versant Capital Management Inc raised its holdings 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 valued at $31,000 after purchasing an additional 2,152 shares during the last quarter. Caitong International Asset Management Co. Ltd lifted its position in shares of Coursera by 224.1% in the fourth quarter. Caitong International Asset Management Co. Ltd now owns 4,939 shares of the company’s stock worth $36,000 after purchasing an additional 3,415 shares in the last quarter. Finally, Clearstead Trust LLC acquired a new position in Coursera during the fourth quarter worth $39,000. 89.55% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several equities analysts have issued reports on COUR shares. Bank of America cut their price objective on Coursera from $8.00 to $7.00 and set a “neutral” rating for the company in a research report on Tuesday, June 30th. Weiss Ratings lowered shares of Coursera from a “sell (d-)” rating to a “sell (e+)” rating in a report on Tuesday, August 11th. The Goldman Sachs Group raised shares of Coursera from a “sell” rating to a “neutral” rating and boosted their target price for the stock from $5.50 to $6.50 in a research note on Monday, August 3rd. Needham & Company LLC reissued a “buy” rating and set a $10.00 price target on shares of Coursera in a research note on Wednesday, June 24th. Finally, KeyCorp restated an “overweight” rating on shares of Coursera in a research report on Wednesday, June 24th. One investment analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating, three have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $8.55.

About Coursera

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.