Coursera (NYSE:COUR) Major Shareholder Buys 2,526,702 Shares of Stock

Key Points

• Major shareholder Pale Fire Capital SE bought 2.53 million Coursera shares at an average $3.72 each, spending about $9.4 million. The purchase increased its stake by 8.77% to approximately 31.3 million shares.
• Coursera shares fell 3.3% to $3.77, near the stock’s $3.45 one-year low. The average analyst rating is “Hold,” with a consensus price target of $6.36.
• Coursera beat quarterly earnings and revenue estimates, reporting EPS of $0.21 and revenue of $376.7 million; revenue rose 94% year over year.

Coursera, Inc. (NYSE:COUR - Get Free Report) major shareholder Pale Fire Capital Se purchased 2,526,702 shares of the firm's stock in a transaction that occurred on Tuesday, November 3rd. The stock was acquired at an average price of $3.72 per share, for a total transaction of $9,399,331.44. Following the completion of the purchase, the insider owned 31,333,117 shares of the company's stock, valued at approximately $116,559,195.24. This represents a 8.77% increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Large shareholders that own at least 10% of a company's shares are required to disclose their sales and purchases with the SEC.

Pale Fire Capital Se also recently made the following trade(s):

• On Thursday, November 5th, Pale Fire Capital Se acquired 3,130,149 shares of Coursera stock. The shares were acquired at an average cost of $3.72 per share, for a total transaction of $11,644,154.28.
• On Wednesday, November 4th, Pale Fire Capital Se acquired 2,698,400 shares of Coursera stock. The stock was acquired at an average price of $3.85 per share, with a total value of $10,388,840.00.
• On Tuesday, September 29th, Pale Fire Capital Se bought 1,000,000 shares of Coursera stock. The stock was acquired at an average cost of $4.61 per share, with a total value of $4,610,000.00.
• On Friday, September 25th, Pale Fire Capital Se bought 1,332,742 shares of Coursera stock. The shares were bought at an average price of $5.06 per share, for a total transaction of $6,743,674.52.

Coursera Trading Down 3.3%

Shares of NYSE:COUR traded down $0.13 on Thursday, reaching $3.77. 10,761,355 shares of the company were exchanged, compared to its average volume of 6,249,690. Coursera, Inc. has a 1-year low of $3.45 and a 1-year high of $8.89. The firm has a market cap of $997.32 million, a price-to-earnings ratio of -5.24, a price-to-earnings-growth ratio of 1.11 and a beta of 1.26. The company has a 50-day moving average of $5.14 and a 200-day moving average of $5.65.

Coursera (NYSE:COUR - Get Free Report) last announced its quarterly earnings data on Thursday, October 29th. The company reported $0.21 EPS for the quarter, beating the consensus estimate of $0.18 by $0.03. Coursera had a negative net margin of 14.35% and a positive return on equity of 3.47%. The firm had revenue of $376.70 million during the quarter, compared to analysts' expectations of $368.52 million. During the same quarter last year, the business earned $0.10 earnings per share. The business's revenue for the quarter was up 94.0% compared to the same quarter last year. As a group, analysts forecast that Coursera, Inc. will post 0.17 earnings per share for the current year.

Hedge Funds Weigh In On Coursera

Several hedge funds have recently added to or reduced their stakes in COUR. BlackRock Inc. acquired a new position in Coursera during the second quarter worth about $116,245,000. Pale Fire Capital SE grew its position in shares of Coursera by 94.4% in the second quarter. Pale Fire Capital SE now owns 20,432,950 shares of the company's stock valued at $115,242,000 after purchasing an additional 9,921,347 shares during the last quarter. Caledonia Private Investments Pty Ltd acquired a new stake in shares of Coursera in the second quarter valued at approximately $114,918,000. Readystate Asset Management LP grew its position in shares of Coursera by 259.2% in the second quarter. Readystate Asset Management LP now owns 4,027,181 shares of the company's stock valued at $22,713,000 after purchasing an additional 2,906,101 shares during the last quarter. Finally, Deutsche Bank AG purchased a new position in shares of Coursera during the 2nd quarter worth approximately $9,848,000. 89.55% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of research firms have recently issued reports on COUR. Zacks Research upgraded shares of Coursera from a "hold" rating to a "strong-buy" rating in a research report on Monday. BMO Capital Markets lowered their price target on Coursera from $8.00 to $6.00 and set an "outperform" rating on the stock in a report on Monday, October 5th. Scotiabank dropped their price objective on Coursera from $7.00 to $4.50 and set a "sector perform" rating for the company in a research note on Friday, October 30th. Needham & Company LLC reduced their price objective on Coursera from $10.00 to $6.00 and set a "buy" rating for the company in a report on Friday, October 30th. Finally, JPMorgan Chase & Co. downgraded Coursera from an "overweight" rating to a "neutral" rating and decreased their target price for the stock from $8.00 to $5.00 in a research report on Friday, October 30th. One analyst has rated the stock with a Strong Buy rating, five have given a Buy rating, six have given a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of "Hold" and a consensus price target of $6.36.

Coursera Company Profile

Coursera, Inc is an online learning platform that provides access to courses, professional certificates, guided projects, and degree programs. The company works with universities, colleges, and industry partners to offer content in areas such as business, technology, data science, computer science, and personal development.

Coursera serves individual learners, businesses, governments, and academic institutions in countries around the world. Its enterprise and government offerings support employee training, workforce development, and large-scale education initiatives, while its consumer platform allows learners to enroll in individual courses or broader credential and degree programs.

Coursera was founded in 2012 by computer-science professors Andrew Ng and Daphne Koller.

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