Insider Selling: Coursera (NYSE:COUR) SVP Sells 8,078 Shares of Stock

Coursera, Inc. (NYSE:COUR) SVP Alan Cardenas sold 8,078 shares of the stock in a transaction on Monday, December 15th. The shares were sold at an average price of $8.17, for a total value of $65,997.26. Following the sale, the senior vice president owned 237,828 shares in the company, valued at $1,943,054.76. The trade was a 3.28% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this link.

Coursera Stock Down 1.3%

COUR traded down $0.11 during trading on Wednesday, reaching $7.84. The company had a trading volume of 15,579,833 shares, compared to its average volume of 2,445,866. The business has a 50 day simple moving average of $8.75 and a 200-day simple moving average of $9.76. The stock has a market cap of $1.30 billion, a P/E ratio of -27.02 and a beta of 1.37. Coursera, Inc. has a 52 week low of $5.76 and a 52 week high of $13.56.

Coursera (NYSE:COUR) last announced its earnings results on Thursday, October 23rd. The company reported $0.10 earnings per share for the quarter, beating the consensus estimate of $0.09 by $0.01. The business had revenue of $194.20 million for the quarter, compared to the consensus estimate of $190.33 million. Coursera had a negative net margin of 6.19% and a negative return on equity of 4.75%. The business’s revenue for the quarter was up 10.3% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.10 earnings per share. As a group, equities research analysts expect that Coursera, Inc. will post -0.28 EPS for the current fiscal 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. Quarry LP increased its stake in shares of Coursera by 1,848.6% during the first quarter. Quarry LP now owns 4,131 shares of the company’s stock valued at $28,000 after buying an additional 3,919 shares during the period. Nisa Investment Advisors LLC grew its holdings in Coursera by 102.9% during the 2nd quarter. Nisa Investment Advisors LLC now owns 3,652 shares of the company’s stock worth $32,000 after acquiring an additional 1,852 shares in the last quarter. State of Wyoming increased its position in Coursera by 85.9% during the 1st quarter. State of Wyoming now owns 7,227 shares of the company’s stock valued at $48,000 after purchasing an additional 3,340 shares during the period. Daiwa Securities Group Inc. increased its position in Coursera by 163.7% during the 2nd quarter. Daiwa Securities Group Inc. now owns 7,330 shares of the company’s stock valued at $64,000 after purchasing an additional 4,550 shares during the period. Finally, Pale Fire Capital SE bought a new stake in shares of Coursera in the 1st quarter valued at about $67,000. Institutional investors own 89.55% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms have recently commented on COUR. Telsey Advisory Group reaffirmed an “outperform” rating and set a $14.00 target price on shares of Coursera in a research note on Wednesday. JPMorgan Chase & Co. upgraded Coursera from a “neutral” rating to an “overweight” rating and set a $12.00 price objective for the company in a report on Wednesday. UBS Group increased their target price on Coursera from $10.00 to $11.00 and gave the stock a “neutral” rating in a research note on Friday, October 24th. Needham & Company LLC reiterated a “buy” rating and set a $14.00 target price on shares of Coursera in a research report on Wednesday, November 26th. Finally, Weiss Ratings restated a “sell (d-)” rating on shares of Coursera in a report on Wednesday, October 8th. Seven investment analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $12.64.

About Coursera

Coursera, Inc operates an online educational content platform in the United States, Europe, Africa, the Asia Pacific, the Middle East, and internationally. It operates in three segments: Consumer, Enterprise, and Degrees. The company offers guided projects, courses, and specializations, as well as online degrees; and certificates for entry-level professional, non-entry level professional, university, and MasterTrack.