Coursera (NYSE:COUR) SVP Sells 9,139 Shares of Stock

Key Points

• Coursera SVP Alan Cardenas sold 9,139 shares at an average price of $5.71, generating $52,183.69 and reducing his position by 3.72% to 236,237 shares.
• Coursera reported quarterly EPS of $0.17 versus the $0.10 consensus estimate, while revenue rose 59.6% year over year to $298.6 million. Shares recently traded near $5.68, close to the company’s 52-week low.
• The company has authorized a $500 million stock buyback, potentially covering up to 55.9% of shares. Analysts maintain a “Moderate Buy” consensus with an average price target of $8.55.

Coursera, Inc. (NYSE:COUR - Get Free Report) SVP Alan Cardenas sold 9,139 shares of the business's stock in a transaction dated Monday, August 17th. The stock was sold at an average price of $5.71, for a total value of $52,183.69. Following the completion of the sale, the senior vice president directly owned 236,237 shares of the company's stock, valued at $1,348,913.27. This represents a 3.72% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link.

Coursera Stock Performance

Shares of COUR traded up $0.14 during trading hours on Tuesday, hitting $5.68. 4,763,148 shares of the company were exchanged, compared to its average volume of 6,964,466. The company has a market cap of $1.50 billion, a PE ratio of -8.48, a PEG ratio of 0.73 and a beta of 1.24. The firm's 50 day moving average is $5.63 and its 200-day moving average is $5.79. Coursera, Inc. has a 52 week low of $5.00 and a 52 week high of $12.32.

Coursera (NYSE:COUR - Get Free Report) last posted its earnings results on Wednesday, July 29th. The company reported $0.17 earnings per share for the quarter, topping the consensus estimate of $0.10 by $0.07. Coursera had a negative return on equity of 1.72% and a negative net margin of 15.39%.The firm had revenue of $298.60 million during the quarter, compared to analyst estimates of $293.61 million. During the same period in the previous year, the company earned $0.12 EPS. The company's revenue for the quarter was up 59.6% on a year-over-year basis. As a group, equities analysts forecast that Coursera, Inc. will post 0.16 earnings per share for the current fiscal year.

Coursera announced that its board has initiated a stock buyback program on Monday, May 18th that permits the company to buyback $500.00 million in shares. This buyback authorization permits the company to repurchase up to 55.9% of its shares through open market purchases. Shares buyback programs are often an indication that the company's management believes its shares are undervalued.

Analysts Set New Price Targets

COUR has been the subject of a number of recent analyst reports. Wall Street Zen upgraded shares of Coursera from a "hold" rating to a "buy" rating in a report on Sunday, August 2nd. Bank of America decreased their target price on Coursera from $8.00 to $7.00 and set a "neutral" rating for the company in a research note on Tuesday, June 30th. Royal Bank Of Canada reaffirmed an "outperform" rating and issued a $7.00 price target on shares of Coursera in a research report on Wednesday, June 24th. Telsey Advisory Group lowered their price objective on shares of Coursera from $14.00 to $10.00 and set an "outperform" rating on the stock in a research note on Friday, April 24th. Finally, KeyCorp reiterated an "overweight" rating on shares of Coursera in a research note on Wednesday, June 24th. One equities research analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating, three have given a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $8.55.

Institutional Trading of Coursera

Institutional investors and hedge funds have recently modified their holdings of the company. BlackRock Inc. bought a new position in Coursera in the second quarter worth $116,245,000. Caledonia Private Investments Pty Ltd bought a new position in shares of Coursera during the 2nd quarter worth about $114,918,000. Pale Fire Capital SE acquired a new stake in shares of Coursera during the 1st quarter valued at about $61,178,000. Mak Capital One LLC bought a new stake in Coursera in the fourth quarter valued at about $27,610,000. Finally, Arrowstreet Capital Limited Partnership raised its position in Coursera by 341.6% in the third quarter. Arrowstreet Capital Limited Partnership now owns 2,955,723 shares of the company's stock worth $34,612,000 after purchasing an additional 2,286,395 shares in the last quarter. 89.55% of the stock is currently owned by institutional investors.

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.

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