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 Coursera stock in a transaction on Friday, July 25th. The shares were sold at an average price of $11.60, for a total value of $145,000.00. Following the completion of the transaction, the chief accounting officer owned 253,351 shares in the company, valued at approximately $2,938,871.60. The trade was a 4.70% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website.

Coursera Stock Down 3.7%

Shares of NYSE COUR traded down $0.47 during trading on Friday, reaching $12.17. The company had a trading volume of 4,470,458 shares, compared to its average volume of 4,518,609. The stock has a market cap of $1.96 billion, a P/E ratio of -36.88 and a beta of 1.40. The company's fifty day moving average price is $9.08 and its 200-day moving average price is $8.27. Coursera, Inc. has a 12 month low of $5.76 and a 12 month high of $13.56.

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

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Teacher Retirement System of Texas lifted its stake in shares of Coursera by 5.6% in the 2nd quarter. Teacher Retirement System of Texas now owns 20,782 shares of the company's stock valued at $182,000 after purchasing an additional 1,110 shares during the period. Y Intercept Hong Kong Ltd lifted its stake in shares of Coursera by 967.2% in the 2nd quarter. Y Intercept Hong Kong Ltd now owns 218,179 shares of the company's stock valued at $1,911,000 after purchasing an additional 197,734 shares during the period. Nisa Investment Advisors LLC lifted its stake in shares of Coursera by 102.9% in the 2nd quarter. Nisa Investment Advisors LLC now owns 3,652 shares of the company's stock valued at $32,000 after purchasing an additional 1,852 shares during the period. Total Clarity Wealth Management Inc. acquired a new position in Coursera during the 2nd quarter worth approximately $183,000. Finally, CWM LLC raised its stake in Coursera by 165.5% during the 2nd quarter. CWM LLC now owns 63,179 shares of the company's stock worth $553,000 after buying an additional 39,385 shares during the period. 89.55% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently weighed in on COUR shares. JPMorgan Chase & Co. boosted their price objective on Coursera from $8.00 to $9.00 and gave the stock a "neutral" rating in a research report on Wednesday, July 16th. Scotiabank boosted their price objective on Coursera from $9.00 to $11.00 and gave the stock a "sector perform" rating in a research report on Friday, July 25th. Wall Street Zen upgraded Coursera from a "hold" rating to a "buy" rating in a research report on Saturday, July 26th. Royal Bank Of Canada boosted their price objective on Coursera from $10.00 to $13.00 and gave the stock an "outperform" rating in a research report on Friday, July 25th. Finally, Morgan Stanley boosted their price objective on Coursera from $11.00 to $12.00 and gave the stock an "equal weight" rating in a research report on Friday, July 25th. 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. According to MarketBeat.com, Coursera currently has an average rating of "Moderate Buy" and a consensus target price of $11.25.

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.