Alan B. Cardenas Sells 6,283 Shares of Coursera, Inc. (NYSE:COUR) Stock

Coursera, Inc. (NYSE:COURGet Free Report) SVP Alan B. Cardenas sold 6,283 shares of the business’s stock in a transaction dated Friday, May 17th. The stock was sold at an average price of $8.56, for a total value of $53,782.48. Following the transaction, the senior vice president now directly owns 220,589 shares of the company’s stock, valued at $1,888,241.84. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link.

Coursera Price Performance

NYSE COUR opened at $8.49 on Friday. Coursera, Inc. has a 52-week low of $8.45 and a 52-week high of $21.26. The business’s 50-day moving average price is $12.22 and its 200 day moving average price is $16.42.

Coursera (NYSE:COURGet Free Report) last posted its quarterly earnings data on Monday, April 29th. The company reported $0.07 earnings per share for the quarter, topping analysts’ consensus estimates of $0.01 by $0.06. The company had revenue of $169.10 million during the quarter, compared to analysts’ expectations of $170.43 million. Coursera had a negative return on equity of 16.03% and a negative net margin of 16.05%. The firm’s revenue for the quarter was up 14.6% on a year-over-year basis. During the same period last year, the firm earned ($0.24) EPS. On average, equities analysts forecast that Coursera, Inc. will post -0.45 EPS for the current year.

Analyst Upgrades and Downgrades

COUR has been the subject of several analyst reports. Needham & Company LLC reiterated a “buy” rating and set a $15.00 price target on shares of Coursera in a report on Friday. Morgan Stanley dropped their target price on shares of Coursera from $21.00 to $15.00 and set an “overweight” rating on the stock in a research report on Tuesday, April 30th. Telsey Advisory Group reissued an “outperform” rating and issued a $25.00 price target on shares of Coursera in a research report on Thursday, April 25th. Royal Bank of Canada dropped their price objective on Coursera from $25.00 to $18.00 and set an “outperform” rating on the stock in a report on Tuesday, April 30th. Finally, BMO Capital Markets reduced their target price on Coursera from $20.00 to $13.00 and set an “outperform” rating for the company in a report on Wednesday, May 1st. One analyst has rated the stock with a sell rating, two have given a hold rating and eight have issued a buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $16.85.

Check Out Our Latest Research Report on COUR

Hedge Funds Weigh In On Coursera

A number of hedge funds and other institutional investors have recently bought and sold shares of COUR. Natixis acquired a new position in Coursera during the 1st quarter worth approximately $35,000. DekaBank Deutsche Girozentrale purchased a new position in Coursera in the third quarter worth $38,000. Covestor Ltd lifted its holdings in Coursera by 72.9% in the first quarter. Covestor Ltd now owns 4,378 shares of the company’s stock valued at $61,000 after acquiring an additional 1,846 shares during the period. Daiwa Securities Group Inc. grew its stake in shares of Coursera by 13.2% during the 4th quarter. Daiwa Securities Group Inc. now owns 4,990 shares of the company’s stock worth $97,000 after purchasing an additional 580 shares during the period. Finally, MQS Management LLC acquired a new stake in shares of Coursera in the first quarter valued at about $162,000. 89.55% of the stock is currently owned by hedge funds and other institutional investors.

About Coursera

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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.

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Insider Buying and Selling by Quarter for Coursera (NYSE:COUR)

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