Coursera (NYSE:COUR) Major Shareholder Pale Fire Capital Se Acquires 2,698,400 Shares of Company Stock

Coursera, Inc. (NYSE:COUR) major shareholder Pale Fire Capital Se bought 2,698,400 shares of the stock in a transaction that occurred on Wednesday, November 4th. The shares were bought at an average price of $3.85 per share, for a total transaction of $10,388,840.00. Following the completion of the transaction, the insider directly owned 34,031,517 shares of the company’s stock, valued at $131,021,340.45. This represents a 8.61% increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available at this hyperlink. Large shareholders that own more than 10% of a company’s stock are required to disclose their transactions with the SEC.

Pale Fire Capital Se also recently made the following trade(s):

• On Thursday, November 5th, Pale Fire Capital Se acquired 3,130,149 shares of Coursera stock. The shares were bought at an average cost of $3.72 per share, for a total transaction of $11,644,154.28.
• On Tuesday, November 3rd, Pale Fire Capital Se acquired 2,526,702 shares of Coursera stock. The shares were bought at an average price of $3.72 per share, with a total value of $9,399,331.44.
• On Tuesday, September 29th, Pale Fire Capital Se bought 1,000,000 shares of Coursera stock. The stock was purchased at an average cost of $4.61 per share, with a total value of $4,610,000.00.
• On Friday, September 25th, Pale Fire Capital Se bought 1,332,742 shares of Coursera stock. The shares were purchased at an average price of $5.06 per share, for a total transaction of $6,743,674.52.

Coursera Stock Down 3.3%

NYSE:COUR traded down $0.13 during trading hours on Thursday, hitting $3.77. 10,761,355 shares of the stock traded hands, compared to its average volume of 6,249,690. Coursera, Inc. has a 1 year low of $3.45 and a 1 year high of $8.89. The company has a market cap of $997.32 million, a price-to-earnings ratio of -5.24, a price-to-earnings-growth ratio of 1.11 and a beta of 1.26. The stock has a 50 day moving average price of $5.14 and a 200 day moving average price of $5.65.

Coursera (NYSE:COUR) last announced its quarterly earnings data on Thursday, October 29th. The company reported $0.21 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.18 by $0.03. The firm had revenue of $376.70 million during the quarter, compared to analysts’ expectations of $368.52 million. Coursera had a negative net margin of 14.35% and a positive return on equity of 3.47%. The company’s revenue for the quarter was up 94.0% compared to the same quarter last year. During the same period in the prior year, the company posted $0.10 earnings per share. Equities analysts forecast that Coursera, Inc. will post 0.17 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Coursera

Hedge funds and other institutional investors have recently modified their holdings of the stock. BlackRock Inc. bought a new stake in Coursera in the 2nd quarter valued at $116,245,000. Caledonia Private Investments Pty Ltd purchased a new stake in Coursera in the 2nd quarter worth $114,918,000. Pale Fire Capital SE purchased a new stake in Coursera in the 1st quarter worth $61,178,000. Readystate Asset Management LP boosted its holdings in shares of Coursera by 259.2% during the 2nd quarter. Readystate Asset Management LP now owns 4,027,181 shares of the company’s stock valued at $22,713,000 after purchasing an additional 2,906,101 shares during the last quarter. Finally, Deutsche Bank AG bought a new position in shares of Coursera during the 2nd quarter valued at about $9,848,000. Institutional investors own 89.55% of the company’s stock.

Wall Street Analyst Weigh In

COUR has been the topic of a number of recent analyst reports. Needham & Company LLC decreased their price target on Coursera from $10.00 to $6.00 and set a “buy” rating on the stock in a report on Friday, October 30th. Royal Bank Of Canada dropped their price objective on Coursera from $7.00 to $5.00 and set an “outperform” rating for the company in a research note on Friday, October 30th. Telsey Advisory Group cut their target price on Coursera from $10.00 to $7.00 and set an “outperform” rating for the company in a research report on Friday, October 30th. Weiss Ratings upgraded Coursera from a “sell (e+)” rating to a “sell (d-)” rating in a research report on Monday. Finally, BMO Capital Markets decreased their target price on Coursera from $8.00 to $6.00 and set an “outperform” rating on the stock in a research note on Monday, October 5th. One research analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating, six have given a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $6.36.

About Coursera

Coursera, Inc is an online learning platform that provides access to courses, professional certificates, guided projects, and degree programs. The company works with universities, colleges, and industry partners to offer content in areas such as business, technology, data science, computer science, and personal development.

Coursera serves individual learners, businesses, governments, and academic institutions in countries around the world. Its enterprise and government offerings support employee training, workforce development, and large-scale education initiatives, while its consumer platform allows learners to enroll in individual courses or broader credential and degree programs.

Coursera was founded in 2012 by computer-science professors Andrew Ng and Daphne Koller.