Stock Traders Buy High Volume of Coursera Call Options (NYSE:COUR)

Coursera, Inc. (NYSE:COUR) saw unusually large options trading on Friday. Traders acquired 4,157 call options on the company. This is an increase of 322% compared to the average daily volume of 985 call options.

Insiders Place Their Bets

In other Coursera news, SVP Alan B. Cardenas sold 5,613 shares of the company’s 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 transaction, 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 position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 16.80% of the stock is owned by insiders.

Institutional Trading of Coursera

Large investors have recently modified their holdings of the business. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its stake in Coursera by 1.8% in the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 101,948 shares of the company’s stock valued at $867,000 after buying an additional 1,785 shares in the last quarter. Waterfront Wealth Inc. lifted its position in shares of Coursera by 1.7% in the fourth quarter. Waterfront Wealth Inc. now owns 156,411 shares of the company’s stock valued at $1,329,000 after acquiring an additional 2,543 shares in the last quarter. New York State Common Retirement Fund lifted its position in shares of Coursera by 6.4% in the fourth quarter. New York State Common Retirement Fund now owns 42,368 shares of the company’s stock valued at $360,000 after acquiring an additional 2,552 shares in the last quarter. Swiss National Bank boosted its stake in shares of Coursera by 1.2% during the fourth quarter. Swiss National Bank now owns 262,300 shares of the company’s stock valued at $2,230,000 after acquiring an additional 3,100 shares during the last quarter. Finally, QRG Capital Management Inc. raised its stake in Coursera by 24.1% in the 1st quarter. QRG Capital Management Inc. now owns 17,698 shares of the company’s stock valued at $118,000 after purchasing an additional 3,434 shares during the last quarter. 89.55% of the stock is currently owned by institutional investors and hedge funds.

Coursera Trading Up 13.6 %

NYSE:COUR opened at $8.75 on Friday. The company has a market capitalization of $1.41 billion, a P/E ratio of -16.83 and a beta of 1.42. The firm has a 50-day moving average price of $7.22 and a two-hundred day moving average price of $7.74. Coursera has a twelve month low of $5.76 and a twelve month high of $12.20.

Wall Street Analyst Weigh In

Several research analysts recently issued reports on COUR shares. Morgan Stanley raised their price objective on shares of Coursera from $9.00 to $10.00 and gave the company an “overweight” rating in a research report on Friday. Telsey Advisory Group reissued an “outperform” rating and issued a $12.00 price target on shares of Coursera in a report on Tuesday, April 22nd. UBS Group upped their price objective on Coursera from $7.50 to $8.50 and gave the stock a “neutral” rating in a report on Friday, January 31st. Needham & Company LLC reiterated a “buy” rating and issued a $11.00 price objective on shares of Coursera in a research report on Friday. Finally, JPMorgan Chase & Co. decreased their target price on shares of Coursera from $8.00 to $7.00 and set a “neutral” rating on the stock in a research report on Tuesday, April 8th. Two research analysts have rated the stock with a sell rating, four have issued a hold rating and seven have given a buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and an average price target of $9.52.

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.