Coursera, Inc. (NYSE:COUR) CAO Michele M. Meyers Sells 12,500 Shares

Key Points

• Michele M. Meyers, CAO of Coursera, sold 12,500 shares of the company's stock for $145,000, decreasing her position by 4.70%.
• Coursera's stock is currently down 3.8%, trading at $12.04, while the company has a reported market cap of $1.94 billion.
• Analysts have upgraded Coursera's stock ratings, with Bank of America moving from "underperform" to "neutral" and increasing the price target to $12.00.

Coursera, Inc. (NYSE:COUR - Get Free Report) CAO Michele M. Meyers sold 12,500 shares of the firm's stock in a transaction that occurred on Friday, July 25th. The shares were sold at an average price of $11.60, for a total transaction of $145,000.00. Following the completion of the transaction, the chief accounting officer directly owned 253,351 shares of the company's stock, valued at $2,938,871.60. This represents a 4.70% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Coursera Stock Performance

Shares of Coursera stock traded down $0.47 during trading hours on Friday, reaching $12.18. The company's stock had a trading volume of 2,096,164 shares, compared to its average volume of 2,181,935. The company's 50 day simple moving average is $9.01 and its 200 day simple moving average is $8.25. Coursera, Inc. has a one year low of $5.76 and a one year high of $13.56. The stock has a market cap of $1.97 billion, a P/E ratio of -36.89 and a beta of 1.36.

Coursera (NYSE:COUR - Get Free Report) last released its quarterly earnings data on Thursday, July 24th. The company reported $0.12 earnings per share for the quarter, topping analysts' consensus estimates of $0.09 by $0.03. Coursera had a negative net margin of 7.05% and a negative return on equity of 5.22%. The business had revenue of $187.10 million for the quarter, compared to analysts' expectations of $180.52 million. During the same quarter last year, the company earned $0.09 EPS. The company's revenue for the quarter was up 9.9% compared to the same quarter last year. On average, sell-side analysts predict that Coursera, Inc. will post -0.28 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Coursera

Several large investors have recently bought and sold shares of the stock. Nisa Investment Advisors LLC boosted its holdings in shares of Coursera by 102.9% in the second quarter. Nisa Investment Advisors LLC now owns 3,652 shares of the company's stock worth $32,000 after buying an additional 1,852 shares during the period. Total Clarity Wealth Management Inc. bought a new position in shares of Coursera in the second quarter valued at approximately $183,000. CWM LLC raised its position in shares of Coursera by 165.5% in the second quarter. CWM LLC now owns 63,179 shares of the company's stock valued at $553,000 after purchasing an additional 39,385 shares during the period. KLP Kapitalforvaltning AS raised its position in shares of Coursera by 22.9% in the second quarter. KLP Kapitalforvaltning AS now owns 30,100 shares of the company's stock valued at $264,000 after purchasing an additional 5,600 shares during the period. Finally, 111 Capital increased its position in Coursera by 152.8% during the second quarter. 111 Capital now owns 29,643 shares of the company's stock worth $260,000 after acquiring an additional 17,915 shares during the period. Institutional investors and hedge funds own 89.55% of the company's stock.

Analyst Ratings Changes

Several equities research analysts recently commented on COUR shares. Loop Capital lifted their price target on shares of Coursera from $12.00 to $15.00 and gave the stock a "buy" rating in a research note on Friday, July 25th. Cantor Fitzgerald boosted their price target on shares of Coursera from $10.00 to $13.00 and gave the stock an "overweight" rating in a research note on Friday, July 25th. Bank of America raised shares of Coursera from an "underperform" rating to a "neutral" rating and boosted their price objective for the stock from $7.00 to $12.00 in a report on Friday, July 25th. Wall Street Zen raised shares of Coursera from a "hold" rating to a "buy" rating in a report on Saturday, July 26th. Finally, Needham & Company LLC reaffirmed a "buy" rating and issued a $11.00 price target on shares of Coursera in a report on Monday, July 21st. One research analyst has rated the stock with a sell rating, five have issued a hold rating and eight have given a buy rating to the company. Based on data from MarketBeat.com, Coursera presently has an average rating of "Moderate Buy" and an average target price of $11.25.

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.