Insider Selling: Coursera (NYSE:COUR) CEO Sells 10,308 Shares of Stock

Coursera, Inc. (NYSE:COUR) CEO Gregory Hart sold 10,308 shares of the company’s stock in a transaction dated Thursday, October 1st. The shares were sold at an average price of $5.11, for a total transaction of $52,673.88. Following the sale, the chief executive officer owned 1,539,003 shares in the company, valued at $7,864,305.33. This represents a 0.67% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink.

Coursera Trading Down 1.1%

Shares of NYSE:COUR traded down $0.06 during trading on Friday, reaching $5.03. The company’s stock had a trading volume of 6,468,441 shares, compared to its average volume of 6,006,330. The stock has a market capitalization of $1.33 billion, a PE ratio of -7.50, a price-to-earnings-growth ratio of 0.62 and a beta of 1.24. Coursera, Inc. has a 12 month low of $4.53 and a 12 month high of $11.14. The firm’s 50 day simple moving average is $5.60 and its two-hundred day simple moving average is $5.66.

Coursera (NYSE:COUR) last issued its quarterly earnings data on Wednesday, July 29th. The company reported $0.17 earnings per share 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 earnings per share. The firm’s revenue for the quarter was up 59.6% on a year-over-year basis. Research analysts anticipate that Coursera, Inc. will post 0.16 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

COUR has been the topic of several recent research reports. BMO Capital Markets restated an “outperform” rating on shares of Coursera in a report on Thursday, July 30th. KeyCorp reiterated an “overweight” rating on shares of Coursera in a research report on Wednesday, June 24th. Weiss Ratings raised shares of Coursera from a “sell (e+)” rating to a “sell (d-)” rating in a research note on Tuesday. Needham & Company LLC reissued a “buy” rating and issued a $10.00 target price on shares of Coursera in a research note on Wednesday, June 24th. Finally, Royal Bank Of Canada restated an “outperform” rating and issued a $7.00 target price on shares of Coursera in a report on Wednesday, June 24th. Seven research analysts have rated the stock with a Buy rating, four have given a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, Coursera has an average rating of “Moderate Buy” and a consensus price target of $8.55.

Hedge Funds Weigh In On Coursera

A number of large investors have recently bought and sold shares of the business. BlackRock Inc. purchased a new stake in Coursera in the second quarter worth $116,245,000. Pale Fire Capital SE lifted its position in shares of Coursera by 94.4% during the second quarter. Pale Fire Capital SE now owns 20,432,950 shares of the company’s stock worth $115,242,000 after purchasing an additional 9,921,347 shares during the last quarter. Caledonia Private Investments Pty Ltd purchased a new stake in shares of Coursera during the second quarter valued at $114,918,000. Readystate Asset Management LP boosted its stake in shares of Coursera by 259.2% during the second quarter. Readystate Asset Management LP now owns 4,027,181 shares of the company’s stock valued at $22,713,000 after purchasing an additional 2,906,101 shares during the period. Finally, Deutsche Bank AG purchased a new stake in shares of Coursera during the second quarter valued at $9,848,000. Hedge funds and other institutional investors own 89.55% of the company’s stock.

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.