Insider Selling: Coursera, Inc. (NYSE:COUR) SVP Sells 5,613 Shares of Stock

Coursera, Inc. (NYSE:COUR) SVP Alan B. Cardenas sold 5,613 shares of the stock in a transaction on Wednesday, February 19th. The shares were sold at an average price of $8.26, for a total transaction of $46,363.38. Following the transaction, the senior vice president now owns 180,413 shares of the company’s stock, valued at $1,490,211.38. This trade represents a 3.02 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link.

Coursera Trading Down 2.4 %

NYSE:COUR opened at $8.04 on Friday. The company has a market cap of $1.27 billion, a price-to-earnings ratio of -15.45 and a beta of 1.42. Coursera, Inc. has a twelve month low of $6.29 and a twelve month high of $16.74. The stock has a fifty day simple moving average of $8.43 and a 200-day simple moving average of $7.98.

Analyst Ratings Changes

COUR has been the subject of a number of analyst reports. UBS Group increased their price target on shares of Coursera from $7.50 to $8.50 and gave the company a “neutral” rating in a report on Friday, January 31st. Royal Bank of Canada reaffirmed an “outperform” rating and issued a $10.00 price objective on shares of Coursera in a research note on Friday, January 31st. BMO Capital Markets dropped their target price on Coursera from $10.00 to $9.00 and set an “outperform” rating for the company in a report on Friday, October 25th. Scotiabank started coverage on Coursera in a report on Thursday, December 5th. They set a “sector perform” rating and a $9.00 price target on the stock. Finally, The Goldman Sachs Group dropped their price objective on shares of Coursera from $9.00 to $7.25 and set a “sell” rating for the company in a research note on Friday, October 25th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and eight have given a buy rating to the company’s stock. According to data from MarketBeat.com, Coursera has a consensus rating of “Moderate Buy” and an average price target of $10.13.

Institutional Investors Weigh In On Coursera

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. State of Wyoming grew its stake in Coursera by 959.1% in the 4th quarter. State of Wyoming now owns 3,887 shares of the company’s stock worth $33,000 after acquiring an additional 3,520 shares in the last quarter. SBI Securities Co. Ltd. purchased a new stake in shares of Coursera in the fourth quarter valued at approximately $35,000. FMR LLC grew its stake in Coursera by 67.6% in the third quarter. FMR LLC now owns 6,574 shares of the company’s stock worth $52,000 after purchasing an additional 2,651 shares in the last quarter. CWM LLC increased its holdings in Coursera by 82.3% during the 3rd quarter. CWM LLC now owns 7,128 shares of the company’s stock worth $57,000 after purchasing an additional 3,217 shares during the period. Finally, KBC Group NV increased its holdings in Coursera by 90.7% during the 4th quarter. KBC Group NV now owns 9,203 shares of the company’s stock worth $78,000 after purchasing an additional 4,376 shares during the period. Institutional investors own 89.55% of the company’s stock.

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.