Coursera, Inc. (NYSE:COUR) Director Andrew Y. Ng Sells 6,221 Shares of Stock

Coursera, Inc. (NYSE:COUR) Director Andrew Y. Ng sold 6,221 shares of Coursera stock in a transaction that occurred on Wednesday, September 18th. The shares were sold at an average price of $8.03, for a total value of $49,954.63. Following the completion of the sale, the director now directly owns 7,297,671 shares in the company, valued at approximately $58,600,298.13. The sale was disclosed in a legal filing with the SEC, which is available at this link.

Coursera Trading Down 3.3 %

COUR stock opened at $8.12 on Friday. Coursera, Inc. has a 12-month low of $6.35 and a 12-month high of $21.26. The company has a market cap of $1.27 billion, a PE ratio of -11.77 and a beta of 1.42. The stock has a 50-day moving average price of $8.04 and a two-hundred day moving average price of $9.45.

Coursera (NYSE:COUR) last announced its quarterly earnings results on Thursday, July 25th. The company reported $0.09 earnings per share for the quarter, topping analysts’ consensus estimates of $0.01 by $0.08. Coursera had a negative net margin of 14.35% and a negative return on equity of 13.92%. The firm had revenue of $170.30 million during the quarter, compared to analysts’ expectations of $164.67 million. During the same period in the prior year, the company earned ($0.20) EPS. The firm’s revenue was up 10.8% on a year-over-year basis. Equities analysts forecast that Coursera, Inc. will post -0.44 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of equities analysts have recently issued reports on the stock. Cantor Fitzgerald upgraded shares of Coursera to a “strong-buy” rating in a report on Tuesday, August 13th. Needham & Company LLC restated a “buy” rating and set a $15.00 price objective on shares of Coursera in a research report on Friday, July 26th. Royal Bank of Canada reaffirmed an “outperform” rating and set a $18.00 price objective on shares of Coursera in a research note on Friday, July 26th. Telsey Advisory Group reaffirmed an “outperform” rating and set a $18.00 price target on shares of Coursera in a research note on Monday, July 22nd. Finally, BMO Capital Markets upped their price objective on shares of Coursera from $10.00 to $11.00 and gave the company an “outperform” rating in a research note on Friday, July 26th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating, eight have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $14.73.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in COUR. The Manufacturers Life Insurance Company increased its holdings in Coursera by 1.8% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 70,457 shares of the company’s stock worth $504,000 after purchasing an additional 1,276 shares during the last quarter. nVerses Capital LLC increased its stake in shares of Coursera by 26.1% in the second quarter. nVerses Capital LLC now owns 8,700 shares of the company’s stock worth $62,000 after buying an additional 1,800 shares during the last quarter. Covestor Ltd raised its holdings in Coursera by 72.9% in the first quarter. Covestor Ltd now owns 4,378 shares of the company’s stock valued at $61,000 after acquiring an additional 1,846 shares in the last quarter. ProShare Advisors LLC boosted its stake in Coursera by 10.3% during the 1st quarter. ProShare Advisors LLC now owns 23,787 shares of the company’s stock valued at $333,000 after acquiring an additional 2,224 shares during the last quarter. Finally, Natixis acquired a new position in Coursera during the 1st quarter worth $35,000. 89.55% of the stock is owned by institutional investors and hedge funds.

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.