Coursera, Inc. (NYSE:COUR) SVP Alan B. Cardenas Sells 6,102 Shares of Stock

Coursera, Inc. (NYSE:COUR) SVP Alan B. Cardenas sold 6,102 shares of Coursera stock in a transaction that occurred on Monday, November 18th. The shares were sold at an average price of $6.83, for a total transaction of $41,676.66. Following the completion of the sale, the senior vice president now owns 194,082 shares in the company, valued at $1,325,580.06. This trade represents a 3.05 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Coursera Stock Performance

COUR opened at $6.84 on Wednesday. Coursera, Inc. has a fifty-two week low of $6.29 and a fifty-two week high of $21.26. The company has a market capitalization of $1.08 billion, a P/E ratio of -13.41 and a beta of 1.44. The stock has a fifty day moving average of $7.51 and a 200-day moving average of $7.69.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in the business. Natixis bought a new stake in shares of Coursera in the first quarter valued at approximately $35,000. CWM LLC grew its stake in Coursera by 7,568.6% during the second quarter. CWM LLC now owns 3,911 shares of the company’s stock worth $28,000 after buying an additional 3,860 shares in the last quarter. Covestor Ltd increased its holdings in Coursera by 72.9% in the 1st quarter. Covestor Ltd now owns 4,378 shares of the company’s stock valued at $61,000 after buying an additional 1,846 shares during the period. FMR LLC increased its stake in Coursera by 67.6% in the third quarter. FMR LLC now owns 6,574 shares of the company’s stock valued at $52,000 after acquiring an additional 2,651 shares during the last quarter. Finally, nVerses Capital LLC raised its position in Coursera by 26.1% during the second quarter. nVerses Capital LLC now owns 8,700 shares of the company’s stock valued at $62,000 after purchasing an additional 1,800 shares in the last quarter. Institutional investors and hedge funds own 89.55% of the company’s stock.

Analyst Ratings Changes

COUR has been the subject of a number of recent research reports. Needham & Company LLC reduced their price objective on shares of Coursera from $15.00 to $11.00 and set a “buy” rating for the company in a research note on Friday, October 25th. Morgan Stanley lowered their target price on shares of Coursera from $15.00 to $10.00 and set an “overweight” rating on the stock in a report on Friday, October 25th. Royal Bank of Canada dropped their price target on shares of Coursera from $18.00 to $10.00 and set an “outperform” rating on the stock in a research report on Friday, October 25th. KeyCorp cut their target price on shares of Coursera from $12.00 to $11.00 and set an “overweight” rating for the company in a research note on Friday, October 25th. Finally, Telsey Advisory Group reiterated an “outperform” rating and set a $18.00 target price on shares of Coursera in a research note on Monday, October 21st. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating and nine have given a buy rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $10.93.

About Coursera

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.