Coursera (NYSE:COUR) Stock: Insider Pale Fire Capital Se Acquires 2,526,702 Shares

Coursera, Inc. (NYSE:COUR) major shareholder Pale Fire Capital Se purchased 2,526,702 shares of the company’s stock in a transaction on Tuesday, November 3rd. The shares were bought at an average cost of $3.72 per share, with a total value of $9,399,331.44. Following the transaction, the insider directly owned 31,333,117 shares of the company’s stock, valued at $116,559,195.24. This represents a 8.77% increase in their position. The acquisition was disclosed in a filing with the SEC, which is available through the SEC website. Major shareholders that own 10% or more of a company’s stock are required to disclose their transactions with the SEC.

Pale Fire Capital Se also recently made the following trade(s):

• On Thursday, November 5th, Pale Fire Capital Se purchased 3,130,149 shares of Coursera stock. The stock was bought at an average cost of $3.72 per share, with a total value of $11,644,154.28.
• On Wednesday, November 4th, Pale Fire Capital Se acquired 2,698,400 shares of Coursera stock. The stock was bought at an average price of $3.85 per share, for a total transaction of $10,388,840.00.
• On Tuesday, September 29th, Pale Fire Capital Se acquired 1,000,000 shares of Coursera stock. The shares were bought at an average cost of $4.61 per share, for a total transaction of $4,610,000.00.
• On Friday, September 25th, Pale Fire Capital Se acquired 1,332,742 shares of Coursera stock. The shares were bought at an average price of $5.06 per share, with a total value of $6,743,674.52.

Coursera Stock Performance

Coursera stock traded down $0.13 during midday trading on Thursday, reaching $3.77. 10,761,355 shares of the company were exchanged, compared to its average volume of 6,249,690. The firm’s 50-day simple moving average is $5.14 and its 200-day simple moving average is $5.65. Coursera, Inc. has a 1 year low of $3.45 and a 1 year high of $8.89. The company has a market capitalization of $997.32 million, a price-to-earnings ratio of -5.24, a P/E/G ratio of 1.11 and a beta of 1.26.

Coursera (NYSE:COUR) last released its earnings results on Thursday, October 29th. The company reported $0.21 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.18 by $0.03. Coursera had a negative net margin of 14.35% and a positive return on equity of 3.47%. The company had revenue of $376.70 million for the quarter, compared to analyst estimates of $368.52 million. During the same period in the prior year, the firm earned $0.10 EPS. The firm’s quarterly revenue was up 94.0% on a year-over-year basis. On average, analysts forecast that Coursera, Inc. will post 0.17 EPS for the current fiscal year.

Hedge Funds Weigh In On Coursera

A number of large investors have recently bought and sold shares of COUR. Fulcrum Asset Management LLP grew its stake in shares of Coursera by 10,771.5% during the 3rd quarter. Fulcrum Asset Management LLP now owns 51,096 shares of the company’s stock valued at $239,000 after buying an additional 50,626 shares during the period. University of Texas Texas AM Investment Management Co. purchased a new position in shares of Coursera in the 3rd quarter worth $30,000. Ethic Inc. purchased a new position in shares of Coursera in the 3rd quarter worth $98,000. StoneX Group Inc. purchased a new position in shares of Coursera in the 3rd quarter worth $120,000. Finally, LightSquare Wealth Management LLC acquired a new position in Coursera in the third quarter valued at $91,000. Hedge funds and other institutional investors own 89.55% of the company’s stock.

Analysts Set New Price Targets

COUR has been the topic of a number of analyst reports. Needham & Company LLC decreased their target price on shares of Coursera from $10.00 to $6.00 and set a “buy” rating on the stock in a research report on Friday, October 30th. JPMorgan Chase & Co. downgraded Coursera from an “overweight” rating to a “neutral” rating and cut their price target for the company from $8.00 to $5.00 in a report on Friday, October 30th. The Goldman Sachs Group reduced their price target on Coursera from $6.50 to $5.00 and set a “neutral” rating on the stock in a research note on Friday, October 30th. Telsey Advisory Group decreased their price objective on Coursera from $10.00 to $7.00 and set an “outperform” rating on the stock in a report on Friday, October 30th. Finally, Scotiabank lowered their price objective on Coursera from $7.00 to $4.50 and set a “sector perform” rating for the company in a research report on Friday, October 30th. One research analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating, six have given a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $6.36.

Coursera Company Profile

Coursera, Inc is an online learning platform that provides access to courses, professional certificates, guided projects, and degree programs. The company works with universities, colleges, and industry partners to offer content in areas such as business, technology, data science, computer science, and personal development.

Coursera serves individual learners, businesses, governments, and academic institutions in countries around the world. Its enterprise and government offerings support employee training, workforce development, and large-scale education initiatives, while its consumer platform allows learners to enroll in individual courses or broader credential and degree programs.

Coursera was founded in 2012 by computer-science professors Andrew Ng and Daphne Koller.