Coursera, Inc. (NYSE:COUR) Director Andrew Y. Ng Sells 50,000 Shares of Stock

Coursera, Inc. (NYSE:COUR) Director Andrew Y. Ng sold 50,000 shares of Coursera stock in a transaction on Tuesday, April 16th. The stock was sold at an average price of $12.09, for a total transaction of $604,500.00. Following the transaction, the director now directly owns 7,058,074 shares of the company’s stock, valued at approximately $85,332,114.66. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Coursera Stock Performance

Shares of NYSE COUR opened at $11.90 on Friday. The firm’s 50-day simple moving average is $14.79 and its 200 day simple moving average is $17.58. The stock has a market cap of $1.87 billion, a price-to-earnings ratio of -15.45 and a beta of 1.48. Coursera, Inc. has a fifty-two week low of $9.91 and a fifty-two week high of $21.26.

Coursera (NYSE:COUR) last announced its earnings results on Thursday, February 1st. The company reported ($0.12) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.17) by $0.05. The company had revenue of $168.88 million for the quarter, compared to analysts’ expectations of $163.64 million. Coursera had a negative return on equity of 18.15% and a negative net margin of 18.33%. On average, sell-side analysts predict that Coursera, Inc. will post -0.47 EPS for the current year.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the company. Vanguard Group Inc. boosted its stake in shares of Coursera by 5.7% in the 3rd quarter. Vanguard Group Inc. now owns 10,614,794 shares of the company’s stock worth $198,390,000 after buying an additional 570,177 shares during the last quarter. Nomura Asset Management Co. Ltd. increased its position in shares of Coursera by 41.9% during the 3rd quarter. Nomura Asset Management Co. Ltd. now owns 75,663 shares of the company’s stock valued at $1,414,000 after purchasing an additional 22,353 shares during the last quarter. Acadian Asset Management LLC bought a new stake in shares of Coursera during the 3rd quarter worth $585,000. FMR LLC boosted its holdings in shares of Coursera by 4,271.1% in the 3rd quarter. FMR LLC now owns 138,259 shares of the company’s stock worth $2,584,000 after buying an additional 135,096 shares during the last quarter. Finally, Principal Financial Group Inc. boosted its holdings in shares of Coursera by 1,167.6% in the 3rd quarter. Principal Financial Group Inc. now owns 194,914 shares of the company’s stock worth $3,643,000 after buying an additional 179,537 shares during the last quarter. 89.55% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several research analysts have recently weighed in on the company. Truist Financial lifted their price objective on Coursera from $17.00 to $20.00 and gave the stock a “hold” rating in a research report on Friday, February 2nd. Needham & Company LLC boosted their price target on Coursera from $21.00 to $23.00 and gave the company a “buy” rating in a research note on Friday, February 2nd. William Blair reaffirmed an “outperform” rating on shares of Coursera in a research report on Friday, February 2nd. The Goldman Sachs Group downgraded shares of Coursera from a “neutral” rating to a “sell” rating and dropped their target price for the company from $18.00 to $14.00 in a research report on Friday, January 19th. Finally, Royal Bank of Canada reaffirmed an “outperform” rating and issued a $25.00 price target on shares of Coursera in a research note on Friday, February 2nd. One investment analyst has rated the stock with a sell rating, two have given a hold rating and eight have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $22.10.

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.