Alan B. Cardenas Sells 5,613 Shares of Coursera, Inc. (NYSE:COUR) Stock

Coursera, Inc. (NYSE:COUR) SVP Alan B. Cardenas sold 5,613 shares of Coursera stock in a transaction on Wednesday, February 19th. The shares were sold at an average price of $8.26, for a total transaction of $46,363.38. Following the completion of the sale, the senior vice president now owns 180,413 shares in the company, valued at approximately $1,490,211.38. This represents a 3.02 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website.

Coursera Stock Performance

Coursera stock opened at $8.24 on Friday. Coursera, Inc. has a fifty-two week low of $6.29 and a fifty-two week high of $16.74. The company has a market capitalization of $1.30 billion, a PE ratio of -15.84 and a beta of 1.42. The company has a 50 day moving average price of $8.44 and a 200-day moving average price of $7.99.

Institutional Investors Weigh In On Coursera

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

Wall Street Analyst Weigh In

A number of research firms have issued reports on COUR. JPMorgan Chase & Co. initiated coverage on Coursera in a research note on Monday, November 25th. They issued a “neutral” rating and a $8.00 price objective on the stock. The Goldman Sachs Group reduced their target price on shares of Coursera from $9.00 to $7.25 and set a “sell” rating on the stock in a research note on Friday, October 25th. KeyCorp dropped their price target on shares of Coursera from $12.00 to $11.00 and set an “overweight” rating for the company in a research note on Friday, October 25th. Scotiabank assumed coverage on shares of Coursera in a research report on Thursday, December 5th. They issued a “sector perform” rating and a $9.00 price objective on the stock. Finally, BMO Capital Markets dropped their target price on Coursera from $10.00 to $9.00 and set an “outperform” rating for the company in a research report on Friday, October 25th. One analyst has rated the stock with a sell rating, four have issued a hold rating and eight have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $10.13.

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.