Insider Selling: Coursera (NYSE:COUR) CAO Sells 2,500 Shares of Stock

Key Points

• Michele Meyers, the Chief Accounting Officer of Coursera, sold 2,500 shares of the company's stock at an average price of $11.94, equating to a total sale of approximately $29,850.
• Coursera's stock price experienced a transaction drop of 1.03%, resulting in a current trading value around $11.4950, with a market capitalization of $1.86 billion.
• Analysts have varied ratings for Coursera's shares, with Bank of America upgrading the stock to a "neutral" rating and setting a new price target of $12.00, while overall, seven analysts recommend a "Buy" rating.

Coursera, Inc. (NYSE:COUR - Get Free Report) CAO Michele M. Meyers sold 2,500 shares of Coursera stock in a transaction dated Friday, August 15th. The stock was sold at an average price of $11.94, for a total transaction of $29,850.00. Following the transaction, the chief accounting officer owned 241,295 shares of the company's stock, valued at approximately $2,881,062.30. The trade was a 1.03% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link.

Coursera Trading Up 0.9%

Shares of COUR stock traded up $0.0980 during trading hours on Friday, hitting $11.3780. The company's stock had a trading volume of 3,007,458 shares, compared to its average volume of 5,112,143. The business has a fifty day moving average of $10.01 and a 200-day moving average of $8.62. Coursera, Inc. has a twelve month low of $5.76 and a twelve month high of $13.56. The stock has a market cap of $1.84 billion, a price-to-earnings ratio of -34.48 and a beta of 1.40.

Coursera (NYSE:COUR - Get Free Report) last issued its quarterly earnings data on Thursday, July 24th. The company reported $0.12 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.09 by $0.03. The firm had revenue of $187.10 million during the quarter, compared to the consensus estimate of $180.52 million. Coursera had a negative return on equity of 5.16% and a negative net margin of 7.05%.The company's quarterly revenue was up 9.9% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.09 EPS. Coursera has set its FY 2025 guidance at EPS. Q3 2025 guidance at EPS. On average, equities analysts expect that Coursera, Inc. will post -0.28 EPS for the current fiscal year.

Analysts Set New Price Targets

Several brokerages have recently issued reports on COUR. Needham & Company LLC restated a "buy" rating and issued a $11.00 price objective on shares of Coursera in a research report on Monday, July 21st. Scotiabank boosted their target price on shares of Coursera from $9.00 to $11.00 and gave the company a "sector perform" rating in a research note on Friday, July 25th. Bank of America upgraded shares of Coursera from an "underperform" rating to a "neutral" rating and upped their target price for the company from $7.00 to $12.00 in a report on Friday, July 25th. Zacks Research downgraded shares of Coursera from a "strong-buy" rating to a "hold" rating in a report on Monday, August 18th. Finally, Loop Capital boosted their price objective on shares of Coursera from $12.00 to $15.00 and gave the company a "buy" rating in a research report on Friday, July 25th. Seven research analysts have rated the stock with a Buy rating, six have assigned a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, the company presently has a consensus rating of "Hold" and an average price target of $11.40.

Institutional Trading of Coursera

Hedge funds have recently added to or reduced their stakes in the business. Nisa Investment Advisors LLC grew its holdings in 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 buying an additional 1,852 shares during the period. State of Wyoming boosted its position in shares of Coursera by 959.1% in the fourth quarter. State of Wyoming now owns 3,887 shares of the company's stock worth $33,000 after acquiring an additional 3,520 shares during the last quarter. Quarry LP boosted its position in shares of Coursera by 1,848.6% in the first quarter. Quarry LP now owns 4,131 shares of the company's stock worth $28,000 after acquiring an additional 3,919 shares during the last quarter. Daiwa Securities Group Inc. grew its stake in shares of Coursera by 163.7% during the 2nd quarter. Daiwa Securities Group Inc. now owns 7,330 shares of the company's stock valued at $64,000 after buying an additional 4,550 shares during the period. Finally, Pale Fire Capital SE acquired a new stake in Coursera during the first quarter worth about $67,000. 89.55% of the stock is owned by institutional investors and hedge funds.

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.