Coursera, Inc. (NYSE:COUR) SVP Sells $41,676.66 in Stock

Coursera, Inc. (NYSE:COUR) SVP Alan B. Cardenas sold 6,102 shares of the business’s stock in a transaction that occurred on Monday, November 18th. The stock was sold at an average price of $6.83, for a total value of $41,676.66. Following the sale, the senior vice president now owns 194,082 shares of the company’s stock, valued at approximately $1,325,580.06. The trade was a 3.05 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Coursera Trading Up 0.3 %

NYSE:COUR opened at $6.98 on Friday. The firm has a market cap of $1.11 billion, a P/E ratio of -13.69 and a beta of 1.44. The stock’s 50 day simple moving average is $7.48 and its 200-day simple moving average is $7.68. Coursera, Inc. has a 12-month low of $6.29 and a 12-month high of $21.26.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of the business. The Manufacturers Life Insurance Company grew its holdings in Coursera by 1.8% during the second quarter. The Manufacturers Life Insurance Company now owns 70,457 shares of the company’s stock worth $504,000 after acquiring an additional 1,276 shares during the period. nVerses Capital LLC grew its holdings in Coursera by 26.1% during the second quarter. nVerses Capital LLC now owns 8,700 shares of the company’s stock worth $62,000 after acquiring an additional 1,800 shares during the period. Covestor Ltd grew its holdings in Coursera by 72.9% during the first quarter. Covestor Ltd now owns 4,378 shares of the company’s stock worth $61,000 after acquiring an additional 1,846 shares during the period. Pitcairn Co. grew its holdings in Coursera by 16.9% during the third quarter. Pitcairn Co. now owns 13,655 shares of the company’s stock worth $108,000 after acquiring an additional 1,971 shares during the period. Finally, ProShare Advisors LLC grew its holdings in Coursera by 10.3% during the first quarter. ProShare Advisors LLC now owns 23,787 shares of the company’s stock worth $333,000 after acquiring an additional 2,224 shares during the period. Institutional investors and hedge funds own 89.55% of the company’s stock.

Analyst Upgrades and Downgrades

COUR has been the subject of a number of research reports. BMO Capital Markets reduced their price objective on Coursera from $10.00 to $9.00 and set an “outperform” rating for the company in a research note on Friday, October 25th. Needham & Company LLC reduced their price objective on Coursera from $15.00 to $11.00 and set a “buy” rating for the company in a research note on Friday, October 25th. Telsey Advisory Group reiterated an “outperform” rating and issued a $18.00 price objective on shares of Coursera in a research note on Monday, October 21st. Morgan Stanley reduced their price objective on Coursera from $15.00 to $10.00 and set an “overweight” rating for the company in a research note on Friday, October 25th. Finally, Bank of America initiated coverage on Coursera in a research note on Thursday, September 19th. They issued a “buy” rating and a $11.00 price objective for the company. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating and nine have given a buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $10.93.

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.