Insider Selling: Coursera (NYSE:COUR) Major Shareholder Sells $7,683,789.28 in Stock

Coursera, Inc. (NYSE:COUR) major shareholder Insight Holdings Group, Llc sold 1,466,372 shares of the firm’s stock in a transaction on Wednesday, May 20th. The stock was sold at an average price of $5.24, for a total value of $7,683,789.28. Following the completion of the transaction, the insider owned 419,784 shares of the company’s stock, valued at $2,199,668.16. This trade represents a 77.74% decrease in their position. The sale 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 stock are required to disclose their transactions with the SEC.

Insight Holdings Group, Llc also recently made the following trade(s):

• On Tuesday, May 19th, Insight Holdings Group, Llc sold 455,000 shares of Coursera stock. The shares were sold at an average price of $5.41, for a total value of $2,461,550.00.
• On Monday, May 18th, Insight Holdings Group, Llc sold 78,628 shares of Coursera stock. The shares were sold at an average price of $5.69, for a total value of $447,393.32.

Coursera Stock Down 4.1%

Coursera stock opened at $5.31 on Thursday. The stock has a 50-day moving average price of $5.75 and a 200 day moving average price of $6.50. The company has a market capitalization of $899.82 million, a price-to-earnings ratio of -13.98 and a beta of 1.25. Coursera, Inc. has a 52 week low of $5.00 and a 52 week high of $13.56.

Coursera (NYSE:COUR) last issued its quarterly earnings results on Thursday, April 23rd. The company reported $0.07 earnings per share for the quarter, missing the consensus estimate of $0.08 by ($0.01). Coursera had a negative return on equity of 5.41% and a negative net margin of 8.23%.The business had revenue of $195.70 million during the quarter, compared to analyst estimates of $195.17 million. During the same quarter last year, the company posted $0.12 EPS. Coursera’s quarterly revenue was up 9.1% compared to the same quarter last year. Research analysts anticipate that Coursera, Inc. will post -0.09 EPS for the current fiscal year.

Coursera announced that its board has authorized a share buyback program on Monday, May 18th that allows the company to repurchase $500.00 million in outstanding shares. This repurchase authorization allows the company to reacquire up to 55.9% of its stock through open market purchases. Stock repurchase programs are typically a sign that the company’s board of directors believes its shares are undervalued.

Institutional Trading of Coursera

Several institutional investors have recently modified their holdings of the stock. Vanguard Group Inc. raised its position in shares of Coursera by 15.8% during the 4th quarter. Vanguard Group Inc. now owns 16,116,748 shares of the company’s stock worth $118,619,000 after purchasing an additional 2,195,148 shares during the last quarter. Baillie Gifford & Co. boosted its holdings in Coursera by 97.0% in the 4th quarter. Baillie Gifford & Co. now owns 14,590,942 shares of the company’s stock worth $107,389,000 after buying an additional 7,184,167 shares during the last quarter. Caledonia Private Investments Pty Ltd increased its stake in Coursera by 29.4% during the 4th quarter. Caledonia Private Investments Pty Ltd now owns 12,052,670 shares of the company’s stock worth $88,708,000 after buying an additional 2,739,039 shares in the last quarter. Pale Fire Capital SE purchased a new stake in Coursera during the 1st quarter worth approximately $61,178,000. Finally, Mak Capital One LLC acquired a new position in shares of Coursera during the fourth quarter valued at approximately $27,610,000. Institutional investors and hedge funds own 89.55% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have weighed in on the company. The Goldman Sachs Group cut their price target on Coursera from $9.00 to $6.00 and set a “sell” rating on the stock in a research report on Saturday, February 7th. Morgan Stanley set a $7.50 price objective on Coursera in a report on Friday, April 24th. KeyCorp dropped their target price on Coursera from $12.00 to $10.00 and set an “overweight” rating on the stock in a report on Friday, February 6th. 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. Finally, JPMorgan Chase & Co. decreased their price target on Coursera from $10.00 to $8.00 and set an “overweight” rating for the company in a report on Friday, April 24th. Eight investment 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. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $9.50.

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.