Insider Selling: Coursera, Inc. (NYSE:COUR) Director Sells 50,000 Shares of Stock

Coursera, Inc. (NYSE:COUR) Director Andrew Y. Ng sold 50,000 shares of the business’s stock in a transaction on Tuesday, April 16th. The shares were sold at an average price of $12.09, for a total transaction of $604,500.00. Following the sale, the director now owns 7,058,074 shares in the company, valued at approximately $85,332,114.66. The sale was disclosed in a legal filing with the SEC, which is available at this link.

Coursera Price Performance

Coursera stock opened at $11.90 on Friday. Coursera, Inc. has a one year low of $9.91 and a one year high of $21.26. The business’s fifty day moving average is $14.79 and its 200 day moving average is $17.58. The stock has a market capitalization of $1.87 billion, a PE ratio of -15.45 and a beta of 1.48.

Coursera (NYSE:COUR) last posted its earnings results on Thursday, February 1st. The company reported ($0.12) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.17) by $0.05. Coursera had a negative net margin of 18.33% and a negative return on equity of 18.15%. The business had revenue of $168.88 million for the quarter, compared to analysts’ expectations of $163.64 million. As a group, sell-side analysts expect that Coursera, Inc. will post -0.47 EPS for the current fiscal year.

Institutional Investors Weigh In On Coursera

A number of large investors have recently added to or reduced their stakes in the stock. Point72 Hong Kong Ltd bought a new stake in shares of Coursera during the 2nd quarter valued at about $31,000. FMR LLC boosted its holdings in shares of Coursera by 187.5% in the second quarter. FMR LLC now owns 2,366 shares of the company’s stock worth $34,000 after buying an additional 1,543 shares during the last quarter. DekaBank Deutsche Girozentrale bought a new stake in Coursera during the third quarter valued at approximately $38,000. KBC Group NV bought a new stake in Coursera during the fourth quarter valued at approximately $46,000. Finally, Point72 Middle East FZE purchased a new stake in Coursera during the fourth quarter valued at approximately $46,000. Institutional investors own 89.55% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on the stock. William Blair reissued an “outperform” rating on shares of Coursera in a research report on Friday, February 2nd. Needham & Company LLC boosted their price target on Coursera from $21.00 to $23.00 and gave the stock a “buy” rating in a research report on Friday, February 2nd. Telsey Advisory Group raised their price objective on Coursera from $24.00 to $25.00 and gave the company an “outperform” rating in a research report on Friday, February 2nd. Royal Bank of Canada reiterated an “outperform” rating and set a $25.00 price objective on shares of Coursera in a research note on Friday, February 2nd. Finally, Truist Financial increased their target price on Coursera from $17.00 to $20.00 and gave the stock a “hold” rating in a research note on Friday, February 2nd. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and eight have given a buy rating to the company. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $22.10.

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.