Coursera (NYSE:COUR) Stock: Insider Gregory Hart Sells 10,308 Shares

Key Points

• CEO Gregory Hart sold 10,308 Coursera shares at an average price of $5.11, generating approximately $52,674. He continues to own 1.54 million shares, with the sale reducing his position by 0.67%.
• Coursera shares closed at $5.03, near the lower end of their 12-month range of $4.53 to $11.14. The company recently exceeded quarterly earnings and revenue estimates, though it reported a negative net margin.
• Analysts maintain a generally positive outlook, with a consensus “Moderate Buy” rating and an average price target of $8.55; institutional investors own approximately 89.55% of the stock.

Coursera, Inc. (NYSE:COUR - Get Free Report) CEO Gregory Hart sold 10,308 shares of the firm's stock in a transaction dated Thursday, October 1st. The stock was sold at an average price of $5.11, for a total value of $52,673.88. Following the completion of the transaction, the chief executive officer directly owned 1,539,003 shares in the company, valued at $7,864,305.33. This trade represents a 0.67% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.

Coursera Price Performance

Shares of COUR stock traded down $0.06 during trading hours on Friday, reaching $5.03. 6,468,441 shares of the company traded hands, compared to its average volume of 6,006,330. Coursera, Inc. has a 12-month low of $4.53 and a 12-month high of $11.14. The company has a market cap of $1.33 billion, a P/E ratio of -7.50, a P/E/G ratio of 0.62 and a beta of 1.24. The firm has a 50-day moving average price of $5.60 and a 200 day moving average price of $5.66.

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

Wall Street Analyst Weigh In

COUR has been the topic of several research analyst reports. Needham & Company LLC restated a "buy" rating and issued a $10.00 price objective on shares of Coursera in a research report on Wednesday, June 24th. BMO Capital Markets reiterated an "outperform" rating on shares of Coursera in a research report on Thursday, July 30th. The Goldman Sachs Group raised Coursera from a "sell" rating to a "neutral" rating and lifted their target price for the company from $5.50 to $6.50 in a research note on Monday, August 3rd. Wall Street Zen raised Coursera from a "hold" rating to a "buy" rating in a report on Saturday, September 19th. Finally, Zacks Research downgraded Coursera from a "strong-buy" rating to a "hold" rating in a research note on Monday, August 24th. Seven equities research analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, Coursera currently has an average rating of "Moderate Buy" and an average target price of $8.55.

Institutional Investors Weigh In On Coursera

Hedge funds have recently made changes to their positions in the company. BlackRock Inc. bought a new stake in Coursera in the 2nd quarter worth approximately $116,245,000. Pale Fire Capital SE grew its holdings 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 in the last quarter. Caledonia Private Investments Pty Ltd bought a new stake in Coursera in the second quarter worth $114,918,000. Readystate Asset Management LP increased its position in Coursera by 259.2% in the second quarter. Readystate Asset Management LP now owns 4,027,181 shares of the company's stock worth $22,713,000 after purchasing an additional 2,906,101 shares during the last quarter. Finally, Deutsche Bank AG purchased a new stake in Coursera during the second quarter valued at $9,848,000. 89.55% of the stock is currently owned by hedge funds and other institutional investors.

About Coursera

Coursera, Inc is an online learning platform that provides access to courses, professional certificates, guided projects, and degree programs. Its offerings cover subjects including business, technology, data science, health, and the arts, and are delivered through a combination of on-demand and structured learning formats.

The company serves individual learners, businesses, universities, and government organizations. Coursera partners with universities and other educational institutions, as well as technology companies and industry organizations, to develop and distribute educational content.

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