Insider Selling: Coursera, Inc. (NYSE:COUR) Director Sells $62,477.96 in Stock

Coursera, Inc. (NYSE:COUR) Director Amanda Clark sold 8,093 shares of the firm’s stock in a transaction on Friday, May 24th. The shares were sold at an average price of $7.72, for a total value of $62,477.96. Following the transaction, the director now directly owns 76,266 shares in the company, valued at $588,773.52. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.

Amanda Clark also recently made the following trade(s):

• On Wednesday, May 15th, Amanda Clark sold 1,562 shares of Coursera stock. The shares were sold at an average price of $8.92, for a total value of $13,933.04.

Coursera Stock Down 2.0 %

NYSE:COUR opened at $7.69 on Monday. Coursera, Inc. has a 1-year low of $7.66 and a 1-year high of $21.26. The firm has a market capitalization of $1.20 billion, a price-to-earnings ratio of -11.14 and a beta of 1.57. The stock has a fifty day simple moving average of $11.56 and a 200 day simple moving average of $16.05.

Coursera (NYSE:COUR) last released its quarterly earnings results on Monday, April 29th. The company reported $0.07 earnings per share for the quarter, beating analysts’ consensus estimates of $0.01 by $0.06. Coursera had a negative return on equity of 16.03% and a negative net margin of 16.05%. The business had revenue of $169.10 million during the quarter, compared to analyst estimates of $170.43 million. During the same quarter last year, the company posted ($0.24) EPS. Coursera’s revenue for the quarter was up 14.6% on a year-over-year basis. Equities analysts predict that Coursera, Inc. will post -0.45 earnings per share for the current year.

Institutional Investors Weigh In On Coursera

Institutional investors have recently bought and sold shares of the business. Natixis acquired a new stake in Coursera during the 1st quarter worth about $35,000. DekaBank Deutsche Girozentrale acquired a new stake in Coursera during the 3rd quarter worth about $38,000. Covestor Ltd boosted its position in Coursera by 72.9% during the 1st quarter. Covestor Ltd now owns 4,378 shares of the company’s stock worth $61,000 after acquiring an additional 1,846 shares during the period. Daiwa Securities Group Inc. boosted its position in Coursera by 13.2% during the 4th quarter. Daiwa Securities Group Inc. now owns 4,990 shares of the company’s stock worth $97,000 after acquiring an additional 580 shares during the period. Finally, MQS Management LLC acquired a new stake in Coursera during the 1st quarter worth about $162,000. 89.55% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of research analysts have recently commented on the company. KeyCorp lowered their price target on Coursera from $24.00 to $20.00 and set an “overweight” rating on the stock in a report on Wednesday, April 24th. The Goldman Sachs Group decreased their target price on Coursera from $15.00 to $10.50 and set a “sell” rating for the company in a research note on Wednesday, May 1st. Truist Financial decreased their target price on Coursera from $20.00 to $12.00 and set a “hold” rating for the company in a research note on Tuesday, April 30th. Royal Bank of Canada decreased their target price on Coursera from $25.00 to $18.00 and set an “outperform” rating for the company in a research note on Tuesday, April 30th. Finally, Telsey Advisory Group reaffirmed an “outperform” rating and set a $25.00 target price on shares of Coursera in a research note on Thursday, April 25th. One analyst has rated the stock with a sell rating, two have issued a hold rating and eight have assigned a buy rating to the company. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $16.85.

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.