Coursera (NYSE:COUR) SVP Alan Cardenas Sells 9,139 Shares of Stock

Coursera, Inc. (NYSE:COUR) SVP Alan Cardenas sold 9,139 shares of Coursera stock in a transaction that occurred on Monday, August 17th. The stock was sold at an average price of $5.71, for a total value of $52,183.69. Following the transaction, the senior vice president owned 236,237 shares of the company’s stock, valued at $1,348,913.27. This represents a 3.72% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website.

Coursera Trading Up 2.6%

COUR stock opened at $5.68 on Wednesday. Coursera, Inc. has a 1-year low of $5.00 and a 1-year high of $12.32. The business’s 50 day simple moving average is $5.63 and its 200 day simple moving average is $5.79. The firm has a market capitalization of $1.50 billion, a PE ratio of -8.48, a PEG ratio of 0.73 and a beta of 1.24.

Coursera (NYSE:COUR) last announced its quarterly earnings results on Wednesday, July 29th. The company reported $0.17 earnings per share (EPS) for the quarter, beating 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 business had revenue of $298.60 million during the quarter, compared to the consensus estimate of $293.61 million. During the same quarter last year, the firm posted $0.12 EPS. The company’s quarterly revenue was up 59.6% on a year-over-year basis. As a group, sell-side analysts predict that Coursera, Inc. will post 0.16 EPS for the current fiscal 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 outstanding shares. This repurchase authorization authorizes the company to purchase up to 55.9% of its shares through open market purchases. Shares repurchase plans are usually a sign that the company’s board of directors believes its shares are undervalued.

Hedge Funds Weigh In On Coursera

Institutional investors and hedge funds have recently modified their holdings of the business. The Manufacturers Life Insurance Company boosted its holdings in Coursera by 1.5% in the second quarter. The Manufacturers Life Insurance Company now owns 70,852 shares of the company’s stock valued at $621,000 after acquiring an additional 1,027 shares during the last quarter. Versant Capital Management Inc raised its holdings in Coursera by 63.2% during the 2nd quarter. Versant Capital Management Inc now owns 5,555 shares of the company’s stock worth $31,000 after purchasing an additional 2,152 shares during the last quarter. Edgestream Partners L.P. lifted its position in shares of Coursera by 5.1% in the 1st 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 during the period. ProShare Advisors LLC lifted its position in shares of Coursera by 10.3% in the 4th quarter. ProShare Advisors LLC now owns 26,096 shares of the company’s stock worth $192,000 after purchasing an additional 2,439 shares during the period. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its stake in shares of Coursera by 2.8% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 104,795 shares of the company’s stock valued at $698,000 after purchasing an additional 2,847 shares during the last quarter. 89.55% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several brokerages recently commented on COUR. 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. Telsey Advisory Group lowered their price target on shares of Coursera from $14.00 to $10.00 and set an “outperform” rating on the stock in a report on Friday, April 24th. Bank of America cut their price objective on shares of Coursera from $8.00 to $7.00 and set a “neutral” rating for the company in a research report on Tuesday, June 30th. BMO Capital Markets restated an “outperform” rating on shares of Coursera in a report on Thursday, July 30th. Finally, The Goldman Sachs Group raised Coursera from a “sell” rating to a “neutral” rating and upped their target price for the company from $5.50 to $6.50 in a research report on Monday, August 3rd. One research analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating, three have assigned a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $8.55.

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.