Insider Selling: Coursera (NYSE:COUR) CEO Sells $52,673.88 in Stock

Coursera, Inc. (NYSE:COUR) CEO Gregory Hart sold 10,308 shares of the stock in a transaction on Thursday, October 1st. The shares were sold at an average price of $5.11, for a total transaction of $52,673.88. Following the completion of the transaction, the chief executive officer directly owned 1,539,003 shares in the company, valued at $7,864,305.33. This trade represents a 0.67% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink.

Coursera Price Performance

Shares of COUR opened at $5.03 on Monday. Coursera, Inc. has a 1-year low of $4.53 and a 1-year high of $11.14. The stock has a market cap of $1.33 billion, a PE ratio of -7.50, a price-to-earnings-growth ratio of 0.63 and a beta of 1.24. The firm has a fifty day moving average price of $5.60 and a 200 day moving average price of $5.65.

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

Institutional Trading of Coursera

Institutional investors have recently bought and sold shares of the company. Engineers Gate Manager LP increased its position in shares of Coursera by 9.0% in the second quarter. Engineers Gate Manager LP now owns 298,975 shares of the company’s stock valued at $1,686,000 after buying an additional 24,686 shares in the last quarter. SVB Wealth LLC grew its stake in Coursera by 66.7% in the 2nd quarter. SVB Wealth LLC now owns 39,062 shares of the company’s stock valued at $220,000 after acquiring an additional 15,624 shares during the last quarter. IFP Advisors Inc increased its holdings in Coursera by 299.7% during the 2nd quarter. IFP Advisors Inc now owns 5,912 shares of the company’s stock valued at $33,000 after acquiring an additional 4,433 shares in the last quarter. Allworth Financial LP increased its holdings in Coursera by 68.6% during the 2nd quarter. Allworth Financial LP now owns 7,052 shares of the company’s stock valued at $40,000 after acquiring an additional 2,870 shares in the last quarter. Finally, Arizona State Retirement System raised its position in Coursera by 55.4% during the second quarter. Arizona State Retirement System now owns 60,918 shares of the company’s stock worth $344,000 after acquiring an additional 21,716 shares during the last quarter. 89.55% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several research firms have commented on COUR. BMO Capital Markets reaffirmed an “outperform” rating on shares of Coursera in a research report on Thursday, July 30th. KeyCorp reissued an “overweight” rating on shares of Coursera in a report on Wednesday, June 24th. The Goldman Sachs Group upgraded shares of Coursera from a “sell” rating to a “neutral” rating and raised their target price for the stock from $5.50 to $6.50 in a research report on Monday, August 3rd. Weiss Ratings raised shares of Coursera from a “sell (e+)” rating to a “sell (d-)” rating in a report on Tuesday, September 29th. Finally, Wall Street Zen upgraded shares of Coursera from a “hold” rating to a “buy” rating in a research report on Saturday, September 19th. Seven research analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $8.55.

Coursera Company Profile

Coursera, Inc is an online learning platform that provides access to courses, professional certificates, guided projects, and degree programs. Its offerings cover subjects including business, technology, data science, health, and the arts, and are delivered through a combination of on-demand and structured learning formats.

The company serves individual learners, businesses, universities, and government organizations. Coursera partners with universities and other educational institutions, as well as technology companies and industry organizations, to develop and distribute educational content.