Coursera (NYSE:COUR) Major Shareholder Acquires 1,332,742 Shares of Company Stock

Coursera, Inc. (NYSE:COUR) major shareholder Pale Fire Capital Se purchased 1,332,742 shares of the company’s stock in a transaction that occurred on Friday, September 25th. The stock was acquired at an average cost of $5.06 per share, for a total transaction of $6,743,674.52. Following the transaction, the insider owned 27,806,415 shares in the company, valued at $140,700,459.90. This represents a 5.03% increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Large shareholders that own at least 10% of a company’s shares are required to disclose their sales and purchases with the SEC.

Pale Fire Capital Se also recently made the following trade(s):

• On Tuesday, September 29th, Pale Fire Capital Se acquired 1,000,000 shares of Coursera stock. The shares were bought at an average cost of $4.61 per share, with a total value of $4,610,000.00.

Coursera Stock Performance

Shares of Coursera stock traded up $0.01 on Tuesday, hitting $4.65. The company had a trading volume of 13,208,306 shares, compared to its average volume of 5,950,589. The stock has a market capitalization of $1.23 billion, a price-to-earnings ratio of -6.94, a P/E/G ratio of 0.64 and a beta of 1.26. Coursera, Inc. has a 1 year low of $4.53 and a 1 year high of $12.20. The stock has a 50 day moving average of $5.63 and a 200-day moving average of $5.68.

Coursera (NYSE:COUR) last posted its earnings results on Wednesday, July 29th. The company reported $0.17 earnings per share for the quarter, beating analysts’ consensus estimates of $0.10 by $0.07. The company had revenue of $298.60 million for the quarter, compared to analyst estimates of $293.61 million. Coursera had a negative return on equity of 1.72% and a negative net margin of 15.39%.The company’s revenue for the quarter was up 59.6% on a year-over-year basis. During the same quarter last year, the company earned $0.12 earnings per share. Equities analysts anticipate that Coursera, Inc. will post 0.16 earnings per share for the current year.

Hedge Funds Weigh In On Coursera

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

Analysts Set New Price Targets

COUR has been the subject of several recent analyst reports. Royal Bank Of Canada reiterated an “outperform” rating and issued a $7.00 target price on shares of Coursera in a research note on Wednesday, June 24th. Wall Street Zen upgraded shares of Coursera from a “hold” rating to a “buy” rating in a report on Saturday, September 19th. Weiss Ratings downgraded shares of Coursera from a “sell (d-)” rating to a “sell (e+)” rating in a research report on Monday, September 14th. Needham & Company LLC reiterated a “buy” rating and issued a $10.00 price objective on shares of Coursera in a research note on Wednesday, June 24th. Finally, The Goldman Sachs Group raised shares of Coursera from a “sell” rating to a “neutral” rating and lifted their target price for the stock from $5.50 to $6.50 in a research report on Monday, August 3rd. Seven equities research analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $8.55.

About Coursera

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.