Coursera, Inc. (NYSE:COUR - Get Free Report) SVP Alan Cardenas sold 9,710 shares of the firm's stock in a transaction dated Tuesday, February 17th. The stock was sold at an average price of $5.92, for a total value of $57,483.20. Following the completion of the transaction, the senior vice president directly owned 217,876 shares in the company, valued at $1,289,825.92. The trade was a 4.27% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website.
Coursera Stock Down 3.1%
Coursera stock opened at $5.94 on Thursday. Coursera, Inc. has a 52-week low of $5.47 and a 52-week high of $13.56. The company has a market cap of $988.08 million, a P/E ratio of -19.15 and a beta of 1.37. The business has a 50-day simple moving average of $6.79 and a two-hundred day simple moving average of $8.98.
Coursera (NYSE:COUR - Get Free Report) last posted its quarterly earnings data on Thursday, February 5th. The company reported $0.06 earnings per share (EPS) for the quarter, hitting analysts' consensus estimates of $0.06. Coursera had a negative net margin of 6.73% and a negative return on equity of 5.19%. The company had revenue of $196.90 million for the quarter, compared to the consensus estimate of $191.83 million. During the same quarter last year, the firm posted $0.08 earnings per share. The firm's revenue was up 9.9% compared to the same quarter last year. Research analysts anticipate that Coursera, Inc. will post -0.28 EPS for the current fiscal year.
Hedge Funds Weigh In On Coursera
A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Aster Capital Management DIFC Ltd bought a new stake in Coursera in the 4th quarter valued at $25,000. Nisa Investment Advisors LLC increased its holdings in shares of Coursera by 102.9% in the second quarter. Nisa Investment Advisors LLC now owns 3,652 shares of the company's stock worth $32,000 after purchasing an additional 1,852 shares during the last quarter. Caitong International Asset Management Co. Ltd lifted its position in shares of Coursera by 224.1% in the fourth quarter. Caitong International Asset Management Co. Ltd now owns 4,939 shares of the company's stock worth $36,000 after buying an additional 3,415 shares in the last quarter. Clearstead Trust LLC bought a new position in Coursera during the fourth quarter valued at approximately $39,000. Finally, Quarry LP grew its holdings in Coursera by 619.9% during the 3rd quarter. Quarry LP now owns 4,024 shares of the company's stock valued at $47,000 after buying an additional 3,465 shares in the last quarter. Institutional investors own 89.55% of the company's stock.
Analyst Upgrades and Downgrades
A number of equities analysts recently commented on the company. JPMorgan Chase & Co. raised Coursera from a "neutral" rating to an "overweight" rating and set a $12.00 target price on the stock in a report on Wednesday, December 17th. Cantor Fitzgerald restated an "overweight" rating on shares of Coursera in a research report on Wednesday, November 26th. The Goldman Sachs Group lowered their price objective on Coursera from $9.00 to $6.00 and set a "sell" rating on the stock in a research report on Saturday, February 7th. Royal Bank Of Canada reduced their target price on shares of Coursera from $11.00 to $8.00 and set an "outperform" rating for the company in a report on Friday, February 6th. Finally, BMO Capital Markets reaffirmed an "outperform" rating and set a $8.00 price target on shares of Coursera in a report on Friday, February 6th. Eight analysts have rated the stock with a Buy rating, five have given a Hold rating and two have given a Sell rating to the company's stock. According to data from MarketBeat.com, the stock presently has an average rating of "Hold" and an average target price of $10.62.
Check Out Our Latest Stock Analysis on COUR
About Coursera
(
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Coursera, Inc (NYSE:COUR) operates a leading online learning platform that delivers courses, specializations, professional certificates and fully accredited degree programs in collaboration with top universities and industry partners. Founded in 2012 by Stanford University professors Andrew Ng and Daphne Koller, Coursera's mission is to provide universal access to world-class education and bridge skill gaps in a rapidly evolving job market.
The platform features more than 6,000 offerings created by over 275 academic institutions and corporate entities, spanning fields such as data science, business, technology, health care and the arts.
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