Coursera, Inc. (NYSE:COUR) Director Sells $604,500.00 in Stock

Coursera, Inc. (NYSE:COURGet Free Report) Director Andrew Y. Ng sold 50,000 shares of the company’s stock in a transaction dated Tuesday, April 16th. The stock was sold at an average price of $12.09, for a total transaction of $604,500.00. Following the transaction, the director now owns 7,058,074 shares of the company’s stock, valued at approximately $85,332,114.66. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink.

Coursera Price Performance

Shares of NYSE COUR opened at $11.95 on Friday. The company has a market capitalization of $1.88 billion, a P/E ratio of -15.52 and a beta of 1.48. The company has a 50 day simple moving average of $14.67 and a 200-day simple moving average of $17.54. Coursera, Inc. has a 1 year low of $9.91 and a 1 year high of $21.26.

Coursera (NYSE:COURGet Free Report) last posted its earnings results on Thursday, February 1st. The company reported ($0.12) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.17) by $0.05. Coursera had a negative return on equity of 18.15% and a negative net margin of 18.33%. The company had revenue of $168.88 million during the quarter, compared to analysts’ expectations of $163.64 million. As a group, research analysts expect that Coursera, Inc. will post -0.47 EPS for the current year.

Institutional Trading of Coursera

Several institutional investors and hedge funds have recently bought and sold shares of the stock. DekaBank Deutsche Girozentrale purchased a new stake in shares of Coursera in the 3rd quarter valued at approximately $38,000. Point72 Hong Kong Ltd acquired a new position in Coursera during the second quarter worth $31,000. FMR LLC boosted its position in shares of Coursera by 187.5% during the second quarter. FMR LLC now owns 2,366 shares of the company’s stock worth $34,000 after buying an additional 1,543 shares during the period. KBC Group NV acquired a new stake in shares of Coursera in the fourth quarter valued at $46,000. Finally, Point72 Middle East FZE purchased a new stake in shares of Coursera in the 4th quarter valued at $46,000. 89.55% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of equities analysts have commented on the company. Royal Bank of Canada reissued an “outperform” rating and set a $25.00 target price on shares of Coursera in a report on Friday, February 2nd. Telsey Advisory Group lifted their target price on shares of Coursera from $24.00 to $25.00 and gave the stock an “outperform” rating in a research note on Friday, February 2nd. KeyCorp increased their target price on shares of Coursera from $22.00 to $24.00 and gave the company an “overweight” rating in a research report on Friday, February 2nd. Cantor Fitzgerald reissued an “overweight” rating and issued a $26.00 price target on shares of Coursera in a research note on Wednesday. Finally, Needham & Company LLC upped their price objective on shares of Coursera from $21.00 to $23.00 and gave the company a “buy” rating in a research note on Friday, February 2nd. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and eight have assigned a buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $22.10.

Read Our Latest Research Report on COUR

About Coursera

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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.

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