Investors Purchase Large Volume of Call Options on Coursera (NYSE:COUR)

Coursera, Inc. (NYSE:COUR) saw some unusual options trading on Friday. Stock investors purchased 28,097 call options on the stock. This represents an increase of 1,592% compared to the typical daily volume of 1,661 call options.

Coursera Stock Performance

Shares of NYSE:COUR traded down $0.33 during mid-day trading on Friday, hitting $5.52. The stock had a trading volume of 4,091,025 shares, compared to its average volume of 4,336,274. The company’s 50 day moving average is $6.10 and its 200-day moving average is $7.96. Coursera has a 12-month low of $5.47 and a 12-month high of $13.56. The company has a market cap of $933.74 million, a PE ratio of -17.79 and a beta of 1.35.

Coursera (NYSE:COUR) last posted its quarterly earnings data on Thursday, February 5th. The company reported $0.06 earnings per share for the quarter, hitting the consensus estimate of $0.06. Coursera had a negative net margin of 6.73% and a negative return on equity of 5.17%. The firm had revenue of $196.90 million for the quarter, compared to analysts’ expectations of $191.83 million. During the same period in the previous year, the company posted $0.08 EPS. The company’s quarterly revenue was up 9.9% compared to the same quarter last year. On average, equities research analysts predict that Coursera will post -0.28 EPS for the current fiscal year.

Insider Activity at Coursera

In other news, SVP Alan B. Cardenas sold 9,710 shares of the business’s stock in a transaction on Tuesday, February 17th. The stock was sold at an average price of $5.92, for a total value of $57,483.20. Following the sale, the senior vice president owned 217,876 shares of the company’s stock, valued at approximately $1,289,825.92. The trade was a 4.27% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 16.80% of the company’s stock.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of COUR. Vanguard Group Inc. boosted its position in Coursera by 15.8% during the 4th quarter. Vanguard Group Inc. now owns 16,116,748 shares of the company’s stock worth $118,619,000 after acquiring an additional 2,195,148 shares during the period. Baillie Gifford & Co. increased its holdings in shares of Coursera by 97.0% in the 4th quarter. Baillie Gifford & Co. now owns 14,590,942 shares of the company’s stock valued at $107,389,000 after purchasing an additional 7,184,167 shares during the period. Caledonia Private Investments Pty Ltd increased its holdings in shares of Coursera by 29.4% in the 4th quarter. Caledonia Private Investments Pty Ltd now owns 12,052,670 shares of the company’s stock valued at $88,708,000 after purchasing an additional 2,739,039 shares during the period. Mak Capital One LLC purchased a new stake in shares of Coursera in the fourth quarter worth approximately $27,610,000. Finally, Geode Capital Management LLC lifted its position in shares of Coursera by 3.3% in the fourth quarter. Geode Capital Management LLC now owns 3,359,248 shares of the company’s stock worth $24,729,000 after purchasing an additional 106,287 shares in the last quarter. 89.55% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of research firms recently issued reports on COUR. JPMorgan Chase & Co. raised Coursera from a “neutral” rating to an “overweight” rating and set a $12.00 target price on the stock in a report on Wednesday, December 17th. UBS Group reissued a “neutral” rating and issued a $7.00 price target on shares of Coursera in a report on Friday, February 6th. Telsey Advisory Group restated an “outperform” rating and set a $14.00 price objective on shares of Coursera in a research report on Friday, February 6th. KeyCorp lowered their price objective on shares of Coursera from $12.00 to $10.00 and set an “overweight” rating on the stock in a research note on Friday, February 6th. Finally, Wall Street Zen downgraded shares of Coursera from a “buy” rating to a “hold” rating in a report on Saturday, February 7th. Eight research analysts have rated the stock with a Buy rating, five have assigned a Hold rating and two have issued a Sell rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $10.62.

About Coursera

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.