Coursera, Inc. (NYSE:COUR) COO Sells $20,306.25 in Stock

Coursera, Inc. (NYSE:COUR – Get Rating) COO Shravan Goli sold 1,805 shares of the firm’s stock in a transaction dated Thursday, May 11th. The stock was sold at an average price of $11.25, for a total transaction of $20,306.25. Following the completion of the transaction, the chief operating officer now directly owns 1,045,479 shares in the company, valued at $11,761,638.75. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.

Shravan Goli also recently made the following trade(s):

• On Friday, April 28th, Shravan Goli sold 40,000 shares of Coursera stock. The stock was sold at an average price of $12.21, for a total transaction of $488,400.00.
• On Thursday, April 13th, Shravan Goli sold 28,000 shares of Coursera stock. The stock was sold at an average price of $11.27, for a total transaction of $315,560.00.
• On Thursday, March 16th, Shravan Goli sold 110,999 shares of Coursera stock. The stock was sold at an average price of $11.74, for a total transaction of $1,303,128.26.

Coursera Stock Up 4.1 %

Shares of COUR opened at $12.07 on Tuesday. Coursera, Inc. has a fifty-two week low of $9.81 and a fifty-two week high of $17.66. The firm’s 50 day moving average price is $11.19 and its 200 day moving average price is $12.54. The company has a market cap of $1.81 billion, a P/E ratio of -10.41 and a beta of 1.79.

Institutional Investors Weigh In On Coursera

Large investors have recently added to or reduced their stakes in the business. Values First Advisors Inc. increased its stake in Coursera by 21.6% during the 3rd quarter. Values First Advisors Inc. now owns 31,300 shares of the company’s stock worth $337,000 after buying an additional 5,550 shares during the period. Versor Investments LP increased its position in shares of Coursera by 94.1% in the 4th quarter. Versor Investments LP now owns 52,400 shares of the company’s stock valued at $620,000 after purchasing an additional 25,400 shares during the last quarter. Fox Run Management L.L.C. purchased a new stake in shares of Coursera in the 3rd quarter valued at approximately $236,000. Cubist Systematic Strategies LLC increased its position in shares of Coursera by 9.4% in the 3rd quarter. Cubist Systematic Strategies LLC now owns 163,217 shares of the company’s stock valued at $1,759,000 after purchasing an additional 14,066 shares during the last quarter. Finally, Yarbrough Capital LLC purchased a new stake in shares of Coursera in the 4th quarter valued at approximately $115,000. 62.31% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of equities analysts have commented on the stock. Truist Financial downgraded shares of Coursera from a “buy” rating to a “hold” rating and reduced their target price for the stock from $17.50 to $12.00 in a research note on Monday, February 27th. Citigroup reduced their target price on shares of Coursera from $40.00 to $30.00 and set a “buy” rating on the stock in a research note on Wednesday, February 15th. Cantor Fitzgerald reduced their target price on shares of Coursera from $14.00 to $13.00 in a research note on Friday, April 28th. Telsey Advisory Group reaffirmed an “outperform” rating and set a $20.00 target price on shares of Coursera in a research note on Friday, March 10th. Finally, Morgan Stanley reduced their target price on shares of Coursera from $18.00 to $17.00 and set an “overweight” rating on the stock in a research note on Friday, March 31st. Six research analysts have rated the stock with a hold rating and six have issued a buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $17.08.

Coursera Company Profile

(Get Rating)

Coursera, Inc operates an online educational content platform that connects learners, educators, organizations, and institutions. It offers online courses that include data science, business, computer science, information technology, health, social sciences, logic, project management, and digital marketing services; campus student plans; degree courses; and certification education.