Coursera (NYSE:COUR) Major Shareholder Insight Holdings Group, Llc Sells 78,628 Shares

Coursera, Inc. (NYSE:COUR) major shareholder Insight Holdings Group, Llc sold 78,628 shares of the firm’s stock in a transaction on Monday, May 18th. The stock was sold at an average price of $5.69, for a total value of $447,393.32. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Large shareholders that own at least 10% of a company’s shares are required to disclose their transactions with the SEC.

Coursera Price Performance

NYSE:COUR opened at $5.23 on Thursday. The company has a market capitalization of $884.76 million, a P/E ratio of -13.75 and a beta of 1.30. Coursera, Inc. has a 1 year low of $5.00 and a 1 year high of $13.56. The business has a fifty day simple moving average of $5.87 and a two-hundred day simple moving average of $6.70.

Coursera (NYSE:COUR) last announced its quarterly earnings results on Thursday, April 23rd. The company reported $0.07 earnings per share for the quarter, missing the consensus estimate of $0.08 by ($0.01). The company had revenue of $195.70 million during 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%. Coursera’s revenue for the quarter was up 9.1% compared to the same quarter last year. During the same quarter last year, the firm posted $0.12 earnings per share. As a group, analysts anticipate that Coursera, Inc. will post -0.09 earnings per share for the current year.

Coursera declared that its Board of Directors has authorized a stock buyback plan on Monday, May 18th that authorizes the company to repurchase $500.00 million in shares. This repurchase authorization authorizes the company to repurchase up to 55.9% of its stock through open market purchases. Stock repurchase plans are typically an indication that the company’s board believes its shares are undervalued.

Institutional Investors Weigh In On Coursera

Several hedge funds have recently added to or reduced their stakes in COUR. Pale Fire Capital SE bought a new stake in Coursera during the first quarter worth about $61,178,000. Baillie Gifford & Co. lifted its stake in 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 during the last quarter. Mak Capital One LLC bought a new stake in Coursera during the fourth quarter worth about $27,610,000. Caledonia Private Investments Pty Ltd lifted its stake in Coursera by 29.4% during the fourth quarter. Caledonia Private Investments Pty Ltd now owns 12,052,670 shares of the company’s stock worth $88,708,000 after purchasing an additional 2,739,039 shares during the last quarter. Finally, Arrowstreet Capital Limited Partnership lifted its stake in Coursera by 341.6% during the third quarter. Arrowstreet Capital Limited Partnership now owns 2,955,723 shares of the company’s stock worth $34,612,000 after purchasing an additional 2,286,395 shares during the last quarter. Institutional investors own 89.55% of the company’s stock.

Analyst Ratings Changes

Several equities analysts have recently weighed in on COUR shares. Morgan Stanley set a $7.50 price target on Coursera in a research report on Friday, April 24th. Wall Street Zen cut Coursera from a “buy” rating to a “hold” rating in a research report on Saturday, April 25th. JPMorgan Chase & Co. reduced their target price on Coursera from $10.00 to $8.00 and set an “overweight” rating for the company in a research report on Friday, April 24th. The Goldman Sachs Group reduced their target price on Coursera from $9.00 to $6.00 and set a “sell” rating for the company in a research report on Saturday, February 7th. Finally, Needham & Company LLC restated a “buy” rating and set a $10.00 target price on shares of Coursera in a research report on Friday, April 24th. Eight equities research analysts have rated the stock with a Buy rating, five have issued a Hold rating and two have assigned a Sell rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $9.50.

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.