Coursera (NYSE:COUR) CAO Sells $39,585.00 in Stock

Key Points

• Michele Meyers, the chief accounting officer of Coursera, sold 3,500 shares of the company on September 18th for approximately $39,585, reducing her ownership by 1.45%.
• The stock price of Coursera is currently around $11.91, with a market capitalization of $1.92 billion and a twelve-month trading range between $5.76 and $13.56.
• Recent analyst reports have been mostly positive, with upgrades to price targets from Royal Bank Of Canada, Telsey Advisory Group, and others, indicating a consensus rating of "Hold" from analysts.

Coursera, Inc. (NYSE:COUR - Get Free Report) CAO Michele M. Meyers sold 3,500 shares of the firm's stock in a transaction on Thursday, September 18th. The shares were sold at an average price of $11.31, for a total value of $39,585.00. Following the transaction, the chief accounting officer owned 237,795 shares in the company, valued at approximately $2,689,461.45. This trade represents a 1.45% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink.

Coursera Stock Down 0.7%

COUR stock traded down $0.09 during trading on Tuesday, reaching $11.82. The stock had a trading volume of 1,226,000 shares, compared to its average volume of 2,270,634. Coursera, Inc. has a one year low of $5.76 and a one year high of $13.56. The company's 50 day moving average is $11.19 and its two-hundred day moving average is $9.10. The company has a market capitalization of $1.91 billion, a price-to-earnings ratio of -35.85 and a beta of 1.40.

Coursera (NYSE:COUR - Get Free Report) last issued its quarterly earnings data on Thursday, July 24th. The company reported $0.12 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.09 by $0.03. Coursera had a negative net margin of 7.05% and a negative return on equity of 5.16%. The business had revenue of $187.10 million during the quarter, compared to the consensus estimate of $180.52 million. During the same period in the prior year, the firm posted $0.09 EPS. The firm's quarterly revenue was up 9.9% compared to the same quarter last year. Coursera has set its FY 2025 guidance at EPS. Q3 2025 guidance at EPS. As a group, research analysts predict that Coursera, Inc. will post -0.28 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several equities research analysts recently weighed in on the company. Needham & Company LLC reissued a "buy" rating and issued a $11.00 price objective on shares of Coursera in a report on Monday, July 21st. Zacks Research lowered Coursera from a "strong-buy" rating to a "hold" rating in a report on Monday, August 18th. Loop Capital lifted their price objective on Coursera from $12.00 to $15.00 and gave the stock a "buy" rating in a report on Friday, July 25th. JPMorgan Chase & Co. lifted their price objective on Coursera from $8.00 to $9.00 and gave the stock a "neutral" rating in a report on Wednesday, July 16th. Finally, UBS Group lifted their target price on Coursera from $8.50 to $10.00 and gave the company a "neutral" rating in a report on Friday, July 25th. Seven analysts have rated the stock with a Buy rating, six have assigned a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the stock has an average rating of "Hold" and a consensus price target of $11.40.

Institutional Investors Weigh In On Coursera

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Squarepoint Ops LLC purchased a new stake in Coursera in the second quarter worth $4,617,000. State of Wyoming grew its stake in Coursera by 80.0% in the second quarter. State of Wyoming now owns 13,008 shares of the company's stock worth $114,000 after purchasing an additional 5,781 shares during the period. Tower Research Capital LLC TRC grew its stake in Coursera by 315.7% in the second quarter. Tower Research Capital LLC TRC now owns 20,105 shares of the company's stock worth $176,000 after purchasing an additional 15,269 shares during the period. Captrust Financial Advisors purchased a new stake in Coursera in the second quarter worth $111,000. Finally, Man Group plc grew its stake in Coursera by 63.8% in the second quarter. Man Group plc now owns 491,973 shares of the company's stock worth $4,310,000 after purchasing an additional 191,582 shares during the period. 89.55% of the stock is owned by hedge funds and other institutional investors.

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.