Coursera (NYSE:COUR) SVP Alan Cardenas Sells 9,139 Shares

Coursera, Inc. (NYSE:COUR) SVP Alan Cardenas sold 9,139 shares of the stock in a transaction dated Monday, May 18th. The stock was sold at an average price of $5.52, for a total transaction of $50,447.28. Following the completion of the transaction, the senior vice president directly owned 255,934 shares of the company’s stock, valued at $1,412,755.68. This trade represents a 3.45% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.

Coursera Stock Down 5.9%

NYSE:COUR traded down $0.34 during trading hours on Tuesday, reaching $5.39. The company had a trading volume of 6,760,588 shares, compared to its average volume of 5,346,081. The stock has a 50-day moving average of $5.90 and a two-hundred day moving average of $6.75. Coursera, Inc. has a one year low of $5.00 and a one year high of $13.56. The firm has a market capitalization of $913.20 million, a PE ratio of -14.19 and a beta of 1.30.

Coursera (NYSE:COUR) last posted its quarterly earnings data on Thursday, April 23rd. The company reported $0.07 earnings per share for the quarter, missing the consensus estimate of $0.08 by ($0.01). The firm had revenue of $195.70 million for the quarter, compared to analyst estimates of $195.17 million. Coursera had a negative return on equity of 5.41% and a negative net margin of 8.23%.The business’s quarterly revenue was up 9.1% on a year-over-year basis. During the same period in the previous year, the business posted $0.12 EPS. As a group, sell-side analysts expect that Coursera, Inc. will post -0.09 earnings per share for the current year.

Coursera declared that its board has authorized a share buyback plan on Monday, May 18th that authorizes the company to repurchase $500.00 million in outstanding shares. This repurchase authorization authorizes the company to reacquire up to 55.9% of its shares through open market purchases. Shares repurchase plans are often an indication that the company’s leadership believes its stock is undervalued.

Institutional Trading of Coursera

A number of large investors have recently made changes to their positions in COUR. Aster Capital Management DIFC Ltd bought a new position in Coursera during the 4th quarter worth about $25,000. Caitong International Asset Management Co. Ltd boosted its position in shares of Coursera by 224.1% during 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 during the period. Clearstead Trust LLC bought a new position in shares of Coursera during the fourth quarter worth about $39,000. Quarry LP grew its holdings in shares of Coursera by 619.9% during the third quarter. Quarry LP now owns 4,024 shares of the company’s stock worth $47,000 after buying an additional 3,465 shares in the last quarter. Finally, Falcon Wealth Planning bought a new position in shares of Coursera during the first quarter worth about $60,000. Institutional investors own 89.55% of the company’s stock.

Analysts Set New Price Targets

A number of research firms have recently weighed in on COUR. The Goldman Sachs Group cut their price target on Coursera from $9.00 to $6.00 and set a “sell” rating on the stock in a research note on Saturday, February 7th. Telsey Advisory Group lowered their price objective on shares of Coursera from $14.00 to $10.00 and set an “outperform” rating for the company in a research report on Friday, April 24th. JPMorgan Chase & Co. lowered their price objective on shares of Coursera from $10.00 to $8.00 and set an “overweight” rating for the company in a research report on Friday, April 24th. UBS Group restated a “neutral” rating and issued a $7.00 price objective on shares of Coursera in a research report on Friday, February 6th. Finally, KeyCorp lowered their price objective on shares of Coursera from $12.00 to $10.00 and set an “overweight” rating for the company in a research report on Friday, February 6th. Eight analysts have rated the stock with a Buy rating, five have issued a Hold rating and two have assigned a Sell rating to the company’s stock. According to MarketBeat.com, Coursera presently has a consensus rating of “Hold” and an average price target of $9.50.

About Coursera

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.