Insider Selling: Coursera, Inc. (NYSE:COUR) CFO Sells 25,000 Shares of Stock

Key Points

• The CFO of Coursera, Kenneth R. Hahn, sold 25,000 shares at an average price of $11.92, totaling approximately $298,000, which decreased his ownership by 2.32%.
• Coursera recently reported earnings of $0.12 per share, exceeding analysts' expectations and showing a 9.9% increase in revenue year-over-year to $187.10 million.
• According to recent analyst reports, Coursera's stock was upgraded with price targets reaching as high as $15.00, indicating a favorable outlook from multiple investment firms.

Coursera, Inc. (NYSE:COUR - Get Free Report) CFO Kenneth R. Hahn sold 25,000 shares of the stock in a transaction that occurred on Friday, August 15th. The stock was sold at an average price of $11.92, for a total value of $298,000.00. Following the completion of the transaction, the chief financial officer owned 1,050,853 shares of the company's stock, valued at $12,526,167.76. The trade was a 2.32% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website.

Coursera Stock Performance

NYSE:COUR remained flat at $11.91 during midday trading on Monday. The company had a trading volume of 2,122,660 shares, compared to its average volume of 5,257,859. The business's 50-day simple moving average is $9.72 and its two-hundred day simple moving average is $8.49. Coursera, Inc. has a 52-week low of $5.76 and a 52-week high of $13.56.

Coursera (NYSE:COUR - Get Free Report) last released its earnings results on Thursday, July 24th. The company reported $0.12 earnings per share (EPS) for the quarter, beating 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 analyst estimates of $180.52 million. During the same period last year, the business posted $0.09 earnings per share. Coursera's revenue was up 9.9% compared to the same quarter last year. Equities analysts forecast that Coursera, Inc. will post -0.28 EPS for the current year.

Institutional Trading of Coursera

A number of hedge funds and other institutional investors have recently bought and sold shares of COUR. Quarry LP increased its position in shares of Coursera by 1,848.6% during the first quarter. Quarry LP now owns 4,131 shares of the company's stock worth $28,000 after purchasing an additional 3,919 shares in the last quarter. Nisa Investment Advisors LLC increased its position in shares of Coursera by 102.9% during the second quarter. Nisa Investment Advisors LLC now owns 3,652 shares of the company's stock worth $32,000 after purchasing an additional 1,852 shares in the last quarter. State of Wyoming increased its position in shares of Coursera by 959.1% during the fourth quarter. State of Wyoming now owns 3,887 shares of the company's stock worth $33,000 after purchasing an additional 3,520 shares in the last quarter. Daiwa Securities Group Inc. increased its position in shares of Coursera by 163.7% during the second quarter. Daiwa Securities Group Inc. now owns 7,330 shares of the company's stock worth $64,000 after purchasing an additional 4,550 shares in the last quarter. Finally, Pale Fire Capital SE acquired a new stake in shares of Coursera during the first quarter worth about $67,000. 89.55% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several research analysts recently weighed in on COUR shares. Bank of America upgraded 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 report on Friday, July 25th. Wall Street Zen upgraded Coursera from a "hold" rating to a "buy" rating in a research report on Saturday, July 26th. Loop Capital raised their price target on Coursera from $12.00 to $15.00 and gave the stock a "buy" rating in a research report on Friday, July 25th. Cantor Fitzgerald raised their price target on Coursera from $10.00 to $13.00 and gave the stock an "overweight" rating in a research report on Friday, July 25th. Finally, Scotiabank raised their price target on Coursera from $9.00 to $11.00 and gave the stock a "sector perform" rating in a research report on Friday, July 25th. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and eight have assigned a buy rating to the company's stock. According to MarketBeat, Coursera has an average rating of "Moderate Buy" and an average price target of $11.40.

Coursera Company Profile

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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