Insider Selling: Coursera, Inc. (NYSE:COUR) SVP Sells 5,613 Shares of Stock

Coursera, Inc. (NYSE:COUR) SVP Alan B. Cardenas sold 5,613 shares of Coursera stock in a transaction dated Wednesday, February 19th. The shares were sold at an average price of $8.26, for a total value of $46,363.38. Following the transaction, the senior vice president now directly owns 180,413 shares of the company’s stock, valued at $1,490,211.38. The trade was a 3.02 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.

Coursera Stock Performance

Shares of COUR stock opened at $8.26 on Thursday. The company has a market capitalization of $1.31 billion, a P/E ratio of -15.88 and a beta of 1.42. Coursera, Inc. has a fifty-two week low of $6.29 and a fifty-two week high of $16.84. The stock has a 50 day moving average price of $8.44 and a two-hundred day moving average price of $7.98.

Institutional Investors Weigh In On Coursera

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Algert Global LLC grew its position in shares of Coursera by 17.7% in the 3rd quarter. Algert Global LLC now owns 475,496 shares of the company’s stock worth $3,775,000 after buying an additional 71,382 shares during the last quarter. Assenagon Asset Management S.A. boosted its holdings in Coursera by 6.3% in the third quarter. Assenagon Asset Management S.A. now owns 1,413,641 shares of the company’s stock valued at $11,224,000 after acquiring an additional 83,369 shares in the last quarter. Geode Capital Management LLC increased its position in Coursera by 7.3% during the 3rd quarter. Geode Capital Management LLC now owns 2,922,953 shares of the company’s stock valued at $23,214,000 after purchasing an additional 199,050 shares during the period. Connor Clark & Lunn Investment Management Ltd. purchased a new stake in shares of Coursera in the 3rd quarter worth about $3,090,000. Finally, Franklin Resources Inc. bought a new stake in shares of Coursera during the 3rd quarter valued at about $1,651,000. 89.55% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several brokerages recently commented on COUR. Needham & Company LLC reaffirmed a “buy” rating and set a $11.00 price objective on shares of Coursera in a research note on Monday, January 27th. Scotiabank started coverage on Coursera in a research report on Thursday, December 5th. They issued a “sector perform” rating and a $9.00 price objective on the stock. The Goldman Sachs Group reduced their target price on Coursera from $9.00 to $7.25 and set a “sell” rating for the company in a research report on Friday, October 25th. Telsey Advisory Group reiterated an “outperform” rating and set a $15.00 price target on shares of Coursera in a research report on Tuesday, January 28th. Finally, Royal Bank of Canada reissued an “outperform” rating and set a $10.00 price objective on shares of Coursera in a report 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 issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price 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.