Insider Selling: Coursera (NYSE:COUR) SVP 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, May 18th. The shares were sold at an average price of $5.52, for a total transaction of $50,447.28. Following the completion of the sale, the senior vice president owned 255,934 shares in the company, valued at $1,412,755.68. This trade represents a 3.45% decrease 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 hyperlink.

Coursera Stock Down 5.9%

COUR traded down $0.34 during trading hours on Tuesday, hitting $5.39. 6,760,588 shares of the company’s stock were exchanged, compared to its average volume of 5,346,081. The stock has a market cap of $913.20 million, a price-to-earnings ratio of -14.19 and a beta of 1.30. Coursera, Inc. has a 1-year low of $5.00 and a 1-year high of $13.56. The stock’s 50-day moving average is $5.90 and its two-hundred day moving average is $6.75.

Coursera (NYSE:COUR) last issued its quarterly earnings results on Thursday, April 23rd. The company reported $0.07 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.08 by ($0.01). Coursera had a negative net margin of 8.23% and a negative return on equity of 5.41%. The business had revenue of $195.70 million during the quarter, compared to analyst estimates of $195.17 million. During the same quarter in the previous year, the firm posted $0.12 earnings per share. The firm’s quarterly revenue was up 9.1% on a year-over-year basis. On average, equities research analysts anticipate that Coursera, Inc. will post -0.09 EPS for the current 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 shares. This repurchase authorization authorizes the company to buy up to 55.9% of its stock through open market purchases. Stock repurchase plans are generally a sign that the company’s board of directors believes its shares are undervalued.

Institutional Investors Weigh In On Coursera

Hedge funds have recently bought and sold shares of the company. Aster Capital Management DIFC Ltd acquired a new stake in Coursera in the 4th quarter valued at about $25,000. Caitong International Asset Management Co. Ltd lifted its holdings in Coursera by 224.1% during the 4th quarter. Caitong International Asset Management Co. Ltd now owns 4,939 shares of the company’s stock valued at $36,000 after purchasing an additional 3,415 shares during the last quarter. Clearstead Trust LLC acquired a new stake in Coursera during the 4th quarter valued at $39,000. Quarry LP boosted its position in Coursera by 619.9% during the third quarter. Quarry LP now owns 4,024 shares of the company’s stock worth $47,000 after purchasing an additional 3,465 shares during the period. Finally, Falcon Wealth Planning acquired a new position in shares of Coursera in the first quarter valued at $60,000. 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. KeyCorp reduced their price target on Coursera from $12.00 to $10.00 and set an “overweight” rating for the company in a research report on Friday, February 6th. Needham & Company LLC reissued a “buy” rating and set a $10.00 price target on shares of Coursera in a research report on Friday, April 24th. The Goldman Sachs Group reduced their price target on Coursera from $9.00 to $6.00 and set a “sell” rating for the company in a research report on Saturday, February 7th. Wall Street Zen cut Coursera from a “buy” rating to a “hold” rating in a research report on Saturday, April 25th. Finally, Telsey Advisory Group reduced their price target on Coursera from $14.00 to $10.00 and set an “outperform” rating for the company in a research report on Friday, April 24th. Eight research analysts have rated the stock with a Buy rating, five have given a Hold rating and two have assigned a Sell rating to the company’s stock. Based on data from MarketBeat, Coursera currently has an average rating of “Hold” and a consensus target price of $9.50.

Coursera Company Profile

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.