Insider Selling: Coursera, Inc. (NYSE:COUR) Director Sells 25,000 Shares of Stock

Coursera, Inc. (NYSE:COUR) Director Andrew Y. Ng sold 25,000 shares of the stock in a transaction dated Wednesday, August 21st. The shares were sold at an average price of $8.40, for a total value of $210,000.00. Following the completion of the sale, the director now directly owns 7,203,892 shares of the company’s stock, valued at approximately $60,512,692.80. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website.

Coursera Stock Up 4.3 %

COUR stock traded up $0.35 during mid-day trading on Friday, reaching $8.36. 1,233,097 shares of the company traded hands, compared to its average volume of 2,320,711. The stock has a market cap of $1.30 billion, a price-to-earnings ratio of -12.12 and a beta of 1.44. Coursera, Inc. has a fifty-two week low of $6.35 and a fifty-two week high of $21.26. The firm’s 50 day moving average price is $7.60 and its 200 day moving average price is $10.74.

Coursera (NYSE:COUR) last posted its quarterly earnings data on Thursday, July 25th. The company reported $0.09 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.01 by $0.08. Coursera had a negative net margin of 14.35% and a negative return on equity of 13.77%. The firm had revenue of $170.30 million for the quarter, compared to the consensus estimate of $164.67 million. During the same period in the previous year, the firm earned ($0.20) EPS. The business’s revenue for the quarter was up 10.8% compared to the same quarter last year. On average, analysts anticipate that Coursera, Inc. will post -0.44 EPS for the current fiscal year.

Hedge Funds Weigh In On Coursera

A number of hedge funds and other institutional investors have recently made changes to their positions in COUR. Norges Bank purchased a new stake in shares of Coursera during the 4th quarter worth approximately $52,804,000. Assenagon Asset Management S.A. bought a new stake in shares of Coursera in the second quarter valued at approximately $9,525,000. Millennium Management LLC boosted its holdings in Coursera by 67.0% in the 2nd quarter. Millennium Management LLC now owns 2,800,912 shares of the company’s stock worth $20,055,000 after buying an additional 1,123,397 shares during the period. Gilder Gagnon Howe & Co. LLC lifted its position in shares of Coursera by 164.6% during the fourth quarter. Gilder Gagnon Howe & Co. LLC now owns 1,766,369 shares of the company’s stock worth $34,215,000 after acquiring an additional 1,098,701 shares in the last quarter. Finally, Jacobs Levy Equity Management Inc. grew its position in shares of Coursera by 158.6% in the first quarter. Jacobs Levy Equity Management Inc. now owns 1,653,704 shares of the company’s stock valued at $23,185,000 after purchasing an additional 1,014,316 shares in the last quarter. 89.55% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

COUR has been the subject of a number of recent analyst reports. Royal Bank of Canada reissued an “outperform” rating and set a $18.00 target price on shares of Coursera in a research report on Friday, July 26th. Telsey Advisory Group reiterated an “outperform” rating and set a $18.00 price objective on shares of Coursera in a research report on Monday, July 22nd. Needham & Company LLC reissued a “buy” rating and set a $15.00 target price on shares of Coursera in a research note on Friday, July 26th. The Goldman Sachs Group cut their price target on shares of Coursera from $10.50 to $9.00 and set a “sell” rating on the stock in a research report on Friday, July 26th. Finally, BMO Capital Markets lifted their price objective on Coursera from $10.00 to $11.00 and gave the stock an “outperform” rating in a research report on Friday, July 26th. One research analyst has rated the stock with a sell rating, two have given a hold rating, seven have issued a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $15.10.

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.