Insider Buying: Coursera (NYSE:COUR) Major Shareholder Acquires 3,130,149 Shares of Company Stock

Coursera, Inc. (NYSE:COUR) major shareholder Pale Fire Capital Se purchased 3,130,149 shares of the firm’s stock in a transaction that occurred on Thursday, November 5th. The stock was purchased at an average price of $3.72 per share, with a total value of $11,644,154.28. Following the purchase, the insider directly owned 37,161,666 shares of the company’s stock, valued at $138,241,397.52. The trade was a 9.20% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Major shareholders that own 10% or more 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 Wednesday, November 4th, Pale Fire Capital Se acquired 2,698,400 shares of Coursera stock. The shares were acquired at an average cost of $3.85 per share, with a total value of $10,388,840.00.
• On Tuesday, November 3rd, Pale Fire Capital Se bought 2,526,702 shares of Coursera stock. The stock was bought at an average cost of $3.72 per share, for a total transaction of $9,399,331.44.
• On Tuesday, September 29th, Pale Fire Capital Se acquired 1,000,000 shares of Coursera stock. The stock was purchased at an average price of $4.61 per share, with a total value of $4,610,000.00.
• On Friday, September 25th, Pale Fire Capital Se purchased 1,332,742 shares of Coursera stock. The shares were acquired at an average price of $5.06 per share, with a total value of $6,743,674.52.

Coursera Trading Down 3.3%

Shares of NYSE COUR traded down $0.13 during midday trading on Thursday, reaching $3.77. 10,761,355 shares of the company were exchanged, compared to its average volume of 6,249,690. Coursera, Inc. has a 1 year low of $3.45 and a 1 year high of $8.89. The stock has a fifty day simple moving average of $5.14 and a 200 day simple moving average of $5.65. The stock has a market cap of $997.32 million, a P/E ratio of -5.24, a PEG ratio of 1.11 and a beta of 1.26.

Coursera (NYSE:COUR) last announced its quarterly earnings data on Thursday, October 29th. The company reported $0.21 EPS for the quarter, topping analysts’ consensus estimates of $0.18 by $0.03. Coursera had a negative net margin of 14.35% and a positive return on equity of 3.47%. The company had revenue of $376.70 million during the quarter, compared to the consensus estimate of $368.52 million. During the same quarter in the prior year, the firm earned $0.10 EPS. Coursera’s quarterly revenue was up 94.0% on a year-over-year basis. As a group, analysts forecast that Coursera, Inc. will post 0.17 earnings per share for the current year.

Analysts Set New Price Targets

Several research analysts recently issued reports on the stock. Scotiabank cut their price target on shares of Coursera from $7.00 to $4.50 and set a “sector perform” rating for the company in a report on Friday, October 30th. Royal Bank Of Canada dropped their target price on Coursera from $7.00 to $5.00 and set an “outperform” rating on the stock in a research report on Friday, October 30th. BMO Capital Markets dropped their target price on Coursera from $8.00 to $6.00 and set an “outperform” rating on the stock in a research report on Monday, October 5th. KeyCorp downgraded Coursera from an “overweight” rating to a “sector weight” rating in a research note on Friday, October 30th. Finally, Wall Street Zen cut Coursera from a “buy” rating to a “hold” rating in a report on Saturday, October 31st. One research analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating, six have issued a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Hold” and an average target price of $6.36.

Institutional Trading of Coursera

A number of institutional investors have recently added to or reduced their stakes in COUR. Bank of America Corp DE acquired a new position in Coursera during the second quarter worth about $7,887,000. Deutsche Bank AG acquired a new stake in shares of Coursera during the 2nd quarter valued at approximately $9,848,000. OMERS ADMINISTRATION Corp acquired a new stake in shares of Coursera during the 2nd quarter valued at approximately $1,579,000. Readystate Asset Management LP lifted its position in shares of Coursera by 259.2% during the 2nd 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 period. Finally, Great Lakes Advisors LLC purchased a new stake in shares of Coursera during the 2nd quarter worth approximately $3,262,000. Hedge funds and other institutional investors own 89.55% of the company’s stock.

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 partners to offer content in areas such as business, technology, data science, computer science, and personal development.

Coursera serves individual learners, businesses, governments, and academic institutions in countries around the world. Its enterprise and government offerings support employee training, workforce development, and large-scale education initiatives, while its consumer platform allows learners to enroll in individual courses or broader credential and degree programs.

Coursera was founded in 2012 by computer-science professors Andrew Ng and Daphne Koller.