Coursera (NYSE:COUR) CAO Michele Meyers Sells 2,500 Shares

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 Meyers sold 2,500 shares of the business's stock in a transaction dated Friday, August 15th. The shares were sold at an average price of $11.94, for a total value of $29,850.00. Following the completion of the sale, the chief accounting officer owned 241,295 shares in the company, valued at approximately $2,881,062.30. This trade represents a 1.03% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.

Coursera Stock Performance

Coursera stock traded down $0.4250 during midday trading on Tuesday, reaching $11.4950. The stock had a trading volume of 2,281,440 shares, compared to its average volume of 2,254,156. The stock has a market capitalization of $1.86 billion, a P/E ratio of -34.83 and a beta of 1.40. The firm's fifty day simple moving average is $9.78 and its 200-day simple moving average is $8.52. Coursera, Inc. has a 1-year low of $5.76 and a 1-year high of $13.56.

Coursera (NYSE:COUR - Get Free Report) last released its quarterly earnings results 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 return on equity of 5.16% and a negative net margin of 7.05%.The firm had revenue of $187.10 million during the quarter, compared to the consensus estimate of $180.52 million. During the same quarter in the prior year, the firm posted $0.09 EPS. The business's revenue was up 9.9% on a year-over-year basis. Coursera has set its FY 2025 guidance at EPS. Q3 2025 guidance at EPS. On average, sell-side analysts anticipate that Coursera, Inc. will post -0.28 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in COUR. LPL Financial LLC bought a new position in Coursera during the fourth quarter worth $142,000. Wells Fargo & Company MN raised its position in shares of Coursera by 49.3% in the fourth quarter. Wells Fargo & Company MN now owns 64,545 shares of the company's stock valued at $549,000 after purchasing an additional 21,315 shares during the period. Cerity Partners LLC lifted its stake in shares of Coursera by 149.7% during the 4th quarter. Cerity Partners LLC now owns 25,539 shares of the company's stock worth $215,000 after buying an additional 15,312 shares during the last quarter. Legal & General Group Plc grew its stake in Coursera by 8.7% in the 4th quarter. Legal & General Group Plc now owns 181,230 shares of the company's stock valued at $1,540,000 after buying an additional 14,488 shares during the last quarter. Finally, Renaissance Technologies LLC acquired a new stake in Coursera during the fourth quarter worth approximately $390,000. 89.55% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently commented on the stock. Bank of America upgraded shares of Coursera from an "underperform" rating to a "neutral" rating and increased their price objective for the stock from $7.00 to $12.00 in a research note on Friday, July 25th. Telsey Advisory Group reiterated an "outperform" rating and set a $14.00 target price on shares of Coursera in a report on Friday. Cantor Fitzgerald raised their price target on Coursera from $10.00 to $13.00 and gave the company an "overweight" rating in a research note on Friday, July 25th. UBS Group boosted their price target on Coursera from $8.50 to $10.00 and gave the stock a "neutral" rating in a research report on Friday, July 25th. Finally, Loop Capital raised their target price on shares of Coursera from $12.00 to $15.00 and gave the company a "buy" rating in a research note on Friday, July 25th. Seven investment analysts have rated the stock with a Buy rating, five have given a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, Coursera has an average rating of "Hold" and an average price target of $11.40.

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.

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