Coursera (NYSE:COUR) Major Shareholder Insight Holdings Group, Llc Sells 78,628 Shares

Coursera, Inc. (NYSE:COUR) major shareholder Insight Holdings Group, Llc sold 78,628 shares of the firm’s stock in a transaction dated Monday, May 18th. The stock was sold at an average price of $5.69, for a total value of $447,393.32. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Large shareholders that own at least 10% of a company’s stock are required to disclose their sales and purchases with the SEC.

Coursera Price Performance

NYSE COUR traded down $0.18 during trading on Wednesday, hitting $5.23. The company’s stock had a trading volume of 8,412,863 shares, compared to its average volume of 7,204,227. The company has a market cap of $884.76 million, a PE ratio of -13.75 and a beta of 1.30. The business’s 50 day simple moving average is $5.87 and its 200-day simple moving average is $6.70. Coursera, Inc. has a fifty-two week low of $5.00 and a fifty-two week high of $13.56.

Coursera (NYSE:COUR) last issued its quarterly earnings results on Thursday, April 23rd. The company reported $0.07 earnings per share for the quarter, missing the consensus estimate of $0.08 by ($0.01). The business had revenue of $195.70 million during the quarter, compared to analyst estimates of $195.17 million. Coursera had a negative return on equity of 5.41% and a negative net margin of 8.23%.Coursera’s revenue was up 9.1% compared to the same quarter last year. During the same period in the prior year, the business posted $0.12 EPS. Analysts expect that Coursera, Inc. will post -0.09 EPS for the current fiscal year.

Coursera announced that its Board of Directors has authorized a stock repurchase program on Monday, May 18th that allows the company to repurchase $500.00 million in shares. This repurchase authorization allows the company to reacquire up to 55.9% of its shares through open market purchases. Shares repurchase programs are usually an indication that the company’s board believes its shares are undervalued.

Institutional Inflows and Outflows

A number of large investors have recently bought and sold shares of the stock. Aster Capital Management DIFC Ltd purchased a new stake in shares of Coursera during the fourth quarter worth approximately $25,000. Quarry LP increased its position in shares of Coursera by 619.9% during the third quarter. Quarry LP now owns 4,024 shares of the company’s stock worth $47,000 after purchasing an additional 3,465 shares in the last quarter. Caitong International Asset Management Co. Ltd increased its position in shares of Coursera by 224.1% during the fourth quarter. Caitong International Asset Management Co. Ltd now owns 4,939 shares of the company’s stock worth $36,000 after purchasing an additional 3,415 shares in the last quarter. Clearstead Trust LLC purchased a new stake in shares of Coursera during the fourth quarter worth approximately $39,000. Finally, Daiwa Securities Group Inc. increased its position in shares of Coursera by 163.7% during the second quarter. Daiwa Securities Group Inc. now owns 7,330 shares of the company’s stock worth $64,000 after purchasing an additional 4,550 shares in the last quarter. 89.55% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several equities research analysts have weighed in on the company. Morgan Stanley set a $7.50 price target on Coursera in a report on Friday, April 24th. Needham & Company LLC reaffirmed a “buy” rating and set a $10.00 target price on shares of Coursera in a report on Friday, April 24th. Royal Bank Of Canada decreased their target price on Coursera from $8.00 to $7.00 and set an “outperform” rating for the company in a report on Friday, April 24th. UBS Group reaffirmed a “neutral” rating and set a $7.00 target price on shares of Coursera in a report on Friday, February 6th. Finally, KeyCorp decreased their target price on Coursera from $12.00 to $10.00 and set an “overweight” rating for the company in a report on Friday, February 6th. Eight investment analysts have rated the stock with a Buy rating, five have given a Hold rating and two have assigned a Sell rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $9.50.

About Coursera

Coursera, Inc (NYSE:COUR) operates a leading online learning platform that delivers courses, specializations, professional certificates and fully accredited degree programs in collaboration with top universities and industry partners. Founded in 2012 by Stanford University professors Andrew Ng and Daphne Koller, Coursera’s mission is to provide universal access to world-class education and bridge skill gaps in a rapidly evolving job market.

The platform features more than 6,000 offerings created by over 275 academic institutions and corporate entities, spanning fields such as data science, business, technology, health care and the arts.