Coursera, Inc. (NYSE:COUR) CAO Sells $34,560.00 in Stock

Coursera, Inc. (NYSE:COUR) CAO Michele M. Meyers sold 2,880 shares of the business’s stock in a transaction that occurred on Thursday, April 18th. The stock was sold at an average price of $12.00, for a total value of $34,560.00. Following the transaction, the chief accounting officer now owns 240,159 shares of the company’s stock, valued at $2,881,908. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website.

Coursera Stock Performance

NYSE COUR opened at $11.91 on Thursday. The stock has a market capitalization of $1.87 billion, a P/E ratio of -15.47 and a beta of 1.48. Coursera, Inc. has a 1 year low of $9.91 and a 1 year high of $21.26. The business’s fifty day moving average is $14.36 and its two-hundred day moving average is $17.41.

Coursera (NYSE:COUR) last posted its quarterly 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. The company had revenue of $168.88 million for the quarter, compared to analysts’ expectations of $163.64 million. Coursera had a negative return on equity of 18.15% and a negative net margin of 18.33%. On average, research analysts forecast that Coursera, Inc. will post -0.47 earnings per share for the current year.

Institutional Trading of Coursera

Large investors have recently added to or reduced their stakes in the company. Baillie Gifford & Co. grew its holdings in shares of Coursera by 43.1% during the 3rd quarter. Baillie Gifford & Co. now owns 25,827,187 shares of the company’s stock valued at $482,710,000 after acquiring an additional 7,773,508 shares in the last quarter. Vanguard Group Inc. raised its position in shares of Coursera by 5.1% during the fourth quarter. Vanguard Group Inc. now owns 11,151,684 shares of the company’s stock valued at $216,008,000 after buying an additional 536,890 shares during the last quarter. Eventide Asset Management LLC raised its position in Coursera by 6.6% in the fourth quarter. Eventide Asset Management LLC now owns 3,937,804 shares of the company’s stock worth $76,275,000 after purchasing an additional 243,894 shares in the last quarter. Norges Bank acquired a new position in Coursera in the fourth quarter worth about $52,804,000. Finally, Goldman Sachs Group Inc. raised its position in Coursera by 38.7% in the fourth quarter. Goldman Sachs Group Inc. now owns 2,475,585 shares of the company’s stock worth $47,952,000 after purchasing an additional 690,931 shares in the last quarter. 89.55% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several equities analysts have recently issued reports on COUR shares. Needham & Company LLC boosted their price objective on Coursera from $21.00 to $23.00 and gave the stock a “buy” rating in a research report on Friday, February 2nd. William Blair reissued an “outperform” rating on shares of Coursera in a report on Friday, February 2nd. The Goldman Sachs Group cut Coursera from a “neutral” rating to a “sell” rating and dropped their target price for the stock from $18.00 to $14.00 in a report on Friday, January 19th. Telsey Advisory Group boosted their target price on Coursera from $24.00 to $25.00 and gave the stock an “outperform” rating in a report on Friday, February 2nd. Finally, Cantor Fitzgerald reissued an “overweight” rating and set a $26.00 target price on shares of Coursera in a report on Wednesday, April 17th. One 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 stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $21.70.

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.