Insider Selling: Coursera, Inc. (NYSE:COUR) SVP Sells $46,363.38 in Stock

Coursera, Inc. (NYSE:COUR) SVP Alan B. Cardenas sold 5,613 shares of the stock in a transaction that occurred on Wednesday, February 19th. The stock was sold at an average price of $8.26, for a total transaction of $46,363.38. Following the completion of the transaction, the senior vice president now owns 180,413 shares in the company, valued at $1,490,211.38. This trade represents a 3.02 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link.

Coursera Trading Down 2.4 %

Shares of COUR opened at $8.04 on Friday. The business’s 50 day moving average is $8.43 and its 200 day moving average is $7.98. Coursera, Inc. has a 12-month low of $6.29 and a 12-month high of $16.74. The company has a market capitalization of $1.27 billion, a PE ratio of -15.45 and a beta of 1.42.

Analysts Set New Price Targets

Several research firms have weighed in on COUR. JPMorgan Chase & Co. assumed coverage on shares of Coursera in a research report on Monday, November 25th. They issued a “neutral” rating and a $8.00 price target on the stock. Needham & Company LLC restated a “buy” rating and issued a $11.00 price objective on shares of Coursera in a research note on Monday, January 27th. Telsey Advisory Group reaffirmed an “outperform” rating and issued a $15.00 target price on shares of Coursera in a report on Tuesday, January 28th. BMO Capital Markets cut their price target on Coursera from $10.00 to $9.00 and set an “outperform” rating for the company in a report on Friday, October 25th. Finally, UBS Group raised their price objective on Coursera from $7.50 to $8.50 and gave the stock a “neutral” rating in a research note on Friday, January 31st. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and eight have given a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $10.13.

Institutional Investors Weigh In On Coursera

Institutional investors and hedge funds have recently modified their holdings of the stock. State of Wyoming grew its stake in Coursera by 959.1% during the fourth quarter. State of Wyoming now owns 3,887 shares of the company’s stock valued at $33,000 after acquiring an additional 3,520 shares in the last quarter. SBI Securities Co. Ltd. bought a new position in shares of Coursera during the 4th quarter valued at about $35,000. FMR LLC boosted its holdings in shares of Coursera by 67.6% during the 3rd quarter. FMR LLC now owns 6,574 shares of the company’s stock valued at $52,000 after purchasing an additional 2,651 shares during the last quarter. CWM LLC increased its holdings in shares of Coursera by 82.3% in the third quarter. CWM LLC now owns 7,128 shares of the company’s stock worth $57,000 after purchasing an additional 3,217 shares during the last quarter. Finally, KBC Group NV increased its holdings in shares of Coursera by 90.7% in the fourth quarter. KBC Group NV now owns 9,203 shares of the company’s stock worth $78,000 after purchasing an additional 4,376 shares during the last quarter. Institutional investors own 89.55% of the company’s stock.

Coursera Company Profile

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.