Coursera (NYSE:COUR) SVP Alan Cardenas Sells 9,139 Shares

Coursera, Inc. (NYSE:COUR) SVP Alan Cardenas sold 9,139 shares of the business’s stock in a transaction dated Monday, May 18th. The shares were sold at an average price of $5.52, for a total transaction of $50,447.28. Following the transaction, the senior vice president directly owned 255,934 shares of the company’s stock, valued at $1,412,755.68. The trade was a 3.45% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.

Coursera Stock Down 5.9%

Coursera stock opened at $5.39 on Wednesday. The firm has a 50-day moving average price of $5.89 and a two-hundred day moving average price of $6.73. The firm has a market capitalization of $913.20 million, a price-to-earnings ratio of -14.19 and a beta of 1.30. Coursera, Inc. has a 52-week low of $5.00 and a 52-week high of $13.56.

Coursera (NYSE:COUR) last posted its 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 for the quarter, compared to analyst estimates of $195.17 million. Coursera had a negative net margin of 8.23% and a negative return on equity of 5.41%. The company’s revenue for the quarter was up 9.1% on a year-over-year basis. During the same period in the previous year, the firm earned $0.12 earnings per share. Research analysts expect that Coursera, Inc. will post -0.09 earnings per share for the current year.

Coursera declared that its board has initiated a share repurchase plan on Monday, May 18th that permits the company to buyback $500.00 million in shares. This buyback authorization permits the company to purchase up to 55.9% of its shares through open market purchases. Shares buyback plans are generally a sign that the company’s leadership believes its stock is undervalued.

Institutional Trading of Coursera

A number of institutional investors have recently made changes to their positions in COUR. Royal Bank of Canada lifted its stake in shares of Coursera by 38.8% in the 1st quarter. Royal Bank of Canada now owns 55,891 shares of the company’s stock worth $372,000 after acquiring an additional 15,610 shares during the period. AQR Capital Management LLC lifted its stake in shares of Coursera by 36.8% in the 1st quarter. AQR Capital Management LLC now owns 581,879 shares of the company’s stock worth $3,875,000 after acquiring an additional 156,566 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its stake in shares of Coursera by 2.8% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 104,795 shares of the company’s stock worth $698,000 after acquiring an additional 2,847 shares during the period. Dynamic Technology Lab Private Ltd acquired a new stake in shares of Coursera in the 1st quarter worth approximately $273,000. Finally, American Century Companies Inc. lifted its stake in shares of Coursera by 29.0% in the 2nd quarter. American Century Companies Inc. now owns 277,568 shares of the company’s stock worth $2,431,000 after acquiring an additional 62,371 shares during the period. 89.55% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of research analysts have issued reports on the stock. Morgan Stanley set a $7.50 target price on shares of Coursera in a research note on Friday, April 24th. The Goldman Sachs Group reduced their target price on shares of Coursera from $9.00 to $6.00 and set a “sell” rating for the company in a research note on Saturday, February 7th. BMO Capital Markets reduced their target price on shares of Coursera from $8.00 to $7.00 and set an “outperform” rating for the company in a research note on Monday, April 27th. KeyCorp reduced their target price on shares of Coursera from $12.00 to $10.00 and set an “overweight” rating for the company in a research note on Friday, February 6th. Finally, Telsey Advisory Group reduced their price target on shares of Coursera from $14.00 to $10.00 and set an “outperform” rating for the company in a research note on Friday, April 24th. Eight investment analysts have rated the stock with a Buy rating, five have issued a Hold rating and two have given a Sell rating to the stock. According to MarketBeat, the stock presently has an average rating of “Hold” and an average 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.