Insider Buying: Coursera (NYSE:COUR) Major Shareholder Purchases $4,610,000.00 in Stock

Coursera, Inc. (NYSE:COUR) major shareholder Pale Fire Capital Se acquired 1,000,000 shares of the business’s stock in a transaction on Tuesday, September 29th. The stock was purchased at an average cost of $4.61 per share, with a total value of $4,610,000.00. Following the acquisition, the insider directly owned 28,806,415 shares of the company’s stock, valued at $132,797,573.15. This represents a 3.60% increase in their position. The acquisition was disclosed in a filing with the SEC, which is available at this hyperlink. Large shareholders that own 10% or more of a company’s stock are required to disclose their transactions 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, for a total transaction of $6,743,674.52.

Coursera Trading Up 0.2%

NYSE:COUR traded up $0.01 during trading hours on Tuesday, reaching $4.65. 13,208,306 shares of the company were exchanged, compared to its average volume of 5,950,589. The firm has a market cap of $1.23 billion, a PE ratio of -6.94, a price-to-earnings-growth ratio of 0.64 and a beta of 1.26. Coursera, Inc. has a twelve month low of $4.53 and a twelve month high of $12.20. The stock’s 50-day moving average is $5.63 and its 200-day moving average is $5.68.

Coursera (NYSE:COUR) last posted 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 analysts’ expectations of $293.61 million. During the same period in the previous year, the firm posted $0.12 EPS. Coursera’s revenue was up 59.6% compared to the same quarter last year. As a group, research analysts anticipate that Coursera, Inc. will post 0.16 EPS for the current year.

Hedge Funds Weigh In On Coursera

A number of institutional investors and hedge funds have recently added to or reduced their stakes in COUR. Versant Capital Management Inc raised its holdings in shares of Coursera by 63.2% in the 2nd 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 in the last quarter. Edgestream Partners L.P. grew its stake in shares of Coursera by 5.1% during the first quarter. Edgestream Partners L.P. now owns 50,568 shares of the company’s stock worth $294,000 after purchasing an additional 2,435 shares in the last quarter. ProShare Advisors LLC grew its stake in shares of Coursera by 10.3% during the fourth quarter. ProShare Advisors LLC now owns 26,096 shares of the company’s stock worth $192,000 after purchasing an additional 2,439 shares in the last quarter. Allworth Financial LP increased its holdings in Coursera by 68.6% in the second quarter. Allworth Financial LP now owns 7,052 shares of the company’s stock valued at $40,000 after buying an additional 2,870 shares during the last quarter. Finally, IFP Advisors Inc increased its holdings in Coursera by 299.7% in the second quarter. IFP Advisors Inc now owns 5,912 shares of the company’s stock valued at $33,000 after buying an additional 4,433 shares during the last quarter. Institutional investors and hedge funds own 89.55% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages recently commented on COUR. Wall Street Zen upgraded Coursera from a “hold” rating to a “buy” rating in a research report on Saturday, September 19th. Zacks Research cut shares of Coursera from a “strong-buy” rating to a “hold” rating in a research note on Monday, August 24th. Needham & Company LLC reaffirmed a “buy” rating and set a $10.00 target price on shares of Coursera in a report on Wednesday, June 24th. Bank of America dropped their target price on shares of Coursera from $8.00 to $7.00 and set a “neutral” rating for the company in a report on Tuesday, June 30th. Finally, BMO Capital Markets reissued an “outperform” rating on shares of Coursera in a research note on Thursday, July 30th. Seven analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target 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. 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.