Insight Holdings Group, Llc Sells 455,000 Shares of Coursera (NYSE:COUR) Stock

Coursera, Inc. (NYSE:COUR) major shareholder Insight Holdings Group, Llc sold 455,000 shares of the business’s stock in a transaction that occurred on Tuesday, May 19th. The shares were sold at an average price of $5.41, for a total value of $2,461,550.00. Following the completion of the sale, the insider directly owned 441,439 shares in the company, valued at approximately $2,388,184.99. The trade was a 50.76% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Large shareholders that own more than 10% of a company’s stock are required to disclose their transactions with the SEC.

Insight Holdings Group, Llc also recently made the following trade(s):

• On Wednesday, May 20th, Insight Holdings Group, Llc sold 1,466,372 shares of Coursera stock. The stock was sold at an average price of $5.24, for a total value of $7,683,789.28.
• On Monday, May 18th, Insight Holdings Group, Llc sold 78,628 shares of Coursera stock. The stock was sold at an average price of $5.69, for a total value of $447,393.32.

Coursera Trading Down 4.7%

Shares of NYSE COUR opened at $5.53 on Wednesday. The stock has a market capitalization of $935.55 million, a PE ratio of -14.54 and a beta of 1.25. Coursera, Inc. has a twelve month low of $5.00 and a twelve month high of $13.56. The stock has a fifty day simple moving average of $5.77 and a 200-day simple moving average of $6.54.

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

Coursera announced that its Board of Directors has initiated a stock buyback program on Monday, May 18th that allows the company to buyback $500.00 million in outstanding shares. This buyback authorization allows the company to buy up to 55.9% of its shares through open market purchases. Shares buyback programs are typically a sign that the company’s board believes its shares are undervalued.

Analyst Ratings Changes

A number of brokerages recently weighed in on COUR. JPMorgan Chase & Co. dropped their price objective on shares of Coursera from $10.00 to $8.00 and set an “overweight” rating for the company in a report on Friday, April 24th. Weiss Ratings lowered shares of Coursera from a “sell (d-)” rating to a “sell (e+)” rating in a report on Thursday, May 21st. Needham & Company LLC restated a “buy” rating and issued a $10.00 price target on shares of Coursera in a research note on Friday, April 24th. BMO Capital Markets cut their price objective on Coursera from $8.00 to $7.00 and set an “outperform” rating on the stock in a research report on Monday, April 27th. Finally, Wall Street Zen cut Coursera from a “buy” rating to a “hold” rating in a research note on Saturday, April 25th. Eight analysts have rated the stock with a Buy rating, five have given a Hold rating and two have issued a Sell rating to the company. According to data from MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $9.50.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the company. Royal Bank of Canada grew its holdings in Coursera by 38.8% during the 1st quarter. Royal Bank of Canada now owns 55,891 shares of the company’s stock worth $372,000 after acquiring an additional 15,610 shares in the last quarter. AQR Capital Management LLC raised its holdings in shares of Coursera by 36.8% in the 1st quarter. AQR Capital Management LLC now owns 581,879 shares of the company’s stock valued at $3,875,000 after purchasing an additional 156,566 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its holdings in shares of Coursera by 2.8% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 104,795 shares of the company’s stock valued at $698,000 after purchasing an additional 2,847 shares in the last quarter. Dynamic Technology Lab Private Ltd purchased a new stake in shares of Coursera during the 1st quarter worth $273,000. Finally, American Century Companies Inc. grew its stake in shares of Coursera by 29.0% during the second quarter. American Century Companies Inc. now owns 277,568 shares of the company’s stock worth $2,431,000 after purchasing an additional 62,371 shares in the last quarter. Hedge funds and other institutional investors own 89.55% of the company’s stock.

Coursera Company Profile

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.