Insider Selling: Coursera, Inc. (NYSE:COUR) CFO Sells 75,000 Shares of Stock

Key Points

• CFO Kenneth R. Hahn sold 75,000 shares of Coursera stock at an average price of $11.87, a transaction totaling $890,250, reducing his stake by 6.52% to approximately 1,075,853 shares.
• Coursera's stock price remained flat at $11.91, with a one-year price range between $5.76 and $13.56, and it experienced a revenue increase of 9.9% year-over-year.
• Equity analysts have set new price targets for Coursera, with estimates ranging from $9.00 to $14.00, reflecting a consensus rating of "Moderate Buy" for the stock.

Coursera, Inc. (NYSE:COUR - Get Free Report) CFO Kenneth R. Hahn sold 75,000 shares of the company's stock in a transaction on Thursday, August 14th. The stock was sold at an average price of $11.87, for a total transaction of $890,250.00. Following the completion of the sale, the chief financial officer owned 1,075,853 shares of the company's stock, valued at approximately $12,770,375.11. The trade was a 6.52% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

Coursera Stock Performance

COUR stock remained flat at $11.91 during trading on Monday. 2,122,660 shares of the company traded hands, compared to its average volume of 5,257,859. Coursera, Inc. has a one year low of $5.76 and a one year high of $13.56. The stock has a 50-day simple moving average of $9.72 and a 200 day simple moving average of $8.49.

Coursera (NYSE:COUR - Get Free Report) last announced its earnings results on Thursday, July 24th. The company reported $0.12 earnings per share (EPS) for the quarter, topping the consensus estimate 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 business had revenue of $187.10 million for the quarter, compared to analysts' expectations of $180.52 million. During the same period last year, the firm posted $0.09 earnings per share. The business's revenue for the quarter was up 9.9% on a year-over-year basis. As a group, research analysts predict that Coursera, Inc. will post -0.28 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several equities analysts recently weighed in on COUR shares. JPMorgan Chase & Co. increased their price target on shares of Coursera from $8.00 to $9.00 and gave the company a "neutral" rating in a research report on Wednesday, July 16th. Needham & Company LLC reiterated a "buy" rating and set a $11.00 target price on shares of Coursera in a research report on Monday, July 21st. Scotiabank increased their target price on shares of Coursera from $9.00 to $11.00 and gave the stock a "sector perform" rating in a research report on Friday, July 25th. Morgan Stanley increased their target price on Coursera from $11.00 to $12.00 and gave the stock an "equal weight" rating in a research report on Friday, July 25th. Finally, Telsey Advisory Group restated an "outperform" rating and set a $14.00 target price on shares of Coursera in a research report on Friday. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and eight have assigned a buy rating to the stock. According to data from MarketBeat.com, Coursera has a consensus rating of "Moderate Buy" and a consensus target price of $11.40.

Institutional Investors Weigh In On Coursera

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. The Manufacturers Life Insurance Company raised its stake in Coursera by 1.5% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 70,852 shares of the company's stock worth $621,000 after acquiring an additional 1,027 shares during the period. Teacher Retirement System of Texas increased its position in Coursera by 5.6% in the second quarter. Teacher Retirement System of Texas now owns 20,782 shares of the company's stock worth $182,000 after purchasing an additional 1,110 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its position in Coursera by 1.8% in the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 101,948 shares of the company's stock worth $867,000 after purchasing an additional 1,785 shares during the last quarter. Nisa Investment Advisors LLC boosted its stake in 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 buying an additional 1,852 shares during the period. Finally, CWM LLC boosted its stake in Coursera by 13.7% during the first quarter. CWM LLC now owns 23,794 shares of the company's stock worth $158,000 after buying an additional 2,872 shares during the period. Institutional investors own 89.55% of the company's stock.

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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