Coursera (NYSE:COUR) Major Shareholder Sells $447,393.32 in Stock

Coursera, Inc. (NYSE:COUR) major shareholder Insight Holdings Group, Llc sold 78,628 shares of Coursera stock in a transaction that occurred on Monday, May 18th. The stock was sold at an average price of $5.69, for a total value of $447,393.32. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Large shareholders that own 10% or more of a company’s shares are required to disclose their transactions with the SEC.

Coursera Price Performance

Shares of NYSE:COUR opened at $5.32 on Friday. The business’s 50 day moving average price is $5.84 and its 200-day moving average price is $6.67. The firm has a market capitalization of $899.99 million, a PE ratio of -13.99 and a beta of 1.30. Coursera, Inc. has a 1 year low of $5.00 and a 1 year 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 (EPS) for the quarter, missing analysts’ consensus estimates of $0.08 by ($0.01). The firm had revenue of $195.70 million during the quarter, compared to analyst estimates of $195.17 million. Coursera had a negative return on equity of 5.41% and a negative net margin of 8.23%.The business’s revenue was up 9.1% on a year-over-year basis. During the same period in the prior year, the firm earned $0.12 earnings per share. As a group, analysts expect that Coursera, Inc. will post -0.09 earnings per share for the current year.

Coursera announced that its Board of Directors has initiated a share buyback program on Monday, May 18th that permits the company to repurchase $500.00 million in outstanding shares. This repurchase authorization permits the company to purchase up to 55.9% of its shares through open market purchases. Shares repurchase programs are usually a sign that the company’s board of directors believes its stock is undervalued.

Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on COUR shares. JPMorgan Chase & Co. lowered their price target on Coursera from $10.00 to $8.00 and set an “overweight” rating on the stock in a research note on Friday, April 24th. The Goldman Sachs Group cut their price target on Coursera from $9.00 to $6.00 and set a “sell” rating for the company in a report on Saturday, February 7th. BMO Capital Markets cut their price target on Coursera from $8.00 to $7.00 and set an “outperform” rating for the company in a report on Monday, April 27th. Royal Bank Of Canada cut their price target on Coursera from $8.00 to $7.00 and set an “outperform” rating for the company in a report on Friday, April 24th. Finally, Wall Street Zen cut Coursera from a “buy” rating to a “hold” rating in a report on Saturday, April 25th. Eight analysts have rated the stock with a Buy rating, five have issued a Hold rating and two have assigned a Sell rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $9.50.

Institutional Investors Weigh In On Coursera

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Pale Fire Capital SE acquired a new stake in Coursera during the first quarter worth $61,178,000. Baillie Gifford & Co. increased its stake in Coursera by 97.0% during the fourth quarter. Baillie Gifford & Co. now owns 14,590,942 shares of the company’s stock worth $107,389,000 after acquiring an additional 7,184,167 shares during the last quarter. Mak Capital One LLC acquired a new stake in Coursera during the fourth quarter worth $27,610,000. Caledonia Private Investments Pty Ltd increased its stake in Coursera by 29.4% during the fourth quarter. Caledonia Private Investments Pty Ltd now owns 12,052,670 shares of the company’s stock worth $88,708,000 after acquiring an additional 2,739,039 shares during the last quarter. Finally, Arrowstreet Capital Limited Partnership increased its stake in Coursera by 341.6% during the third quarter. Arrowstreet Capital Limited Partnership now owns 2,955,723 shares of the company’s stock worth $34,612,000 after acquiring an additional 2,286,395 shares during the last quarter. Institutional investors and hedge funds own 89.55% of the company’s stock.

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.