Insider Selling: Coursera (NYSE:COUR) Major Shareholder Sells $2,461,550.00 in Stock

Coursera, Inc. (NYSE:COUR) major shareholder Insight Holdings Group, Llc sold 455,000 shares of the business’s stock in a transaction on Tuesday, May 19th. The stock was sold at an average price of $5.41, for a total transaction of $2,461,550.00. Following the completion of the sale, the insider directly owned 441,439 shares in the company, valued at approximately $2,388,184.99. This represents a 50.76% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Major shareholders that own more than 10% of a company’s shares are required to disclose their transactions with the SEC.

Insight Holdings Group, Llc also recently made the following trade(s):

• On Wednesday, May 20th, Insight Holdings Group, Llc sold 1,466,372 shares of Coursera stock. The stock was sold at an average price of $5.24, for a total transaction of $7,683,789.28.
• On Monday, May 18th, Insight Holdings Group, Llc sold 78,628 shares of Coursera stock. The stock was sold at an average price of $5.69, for a total transaction of $447,393.32.

Coursera Stock Down 4.1%

Shares of COUR stock opened at $5.31 on Thursday. The company’s fifty day simple moving average is $5.75 and its 200-day simple moving average is $6.50. The firm has a market cap of $899.82 million, a PE ratio of -13.98 and a beta of 1.25. Coursera, Inc. has a 12 month low of $5.00 and a 12 month high of $13.56.

Coursera (NYSE:COUR) last announced its quarterly earnings data on Thursday, April 23rd. The company reported $0.07 EPS for the quarter, missing analysts’ consensus estimates of $0.08 by ($0.01). The business had revenue of $195.70 million during the quarter, compared to the consensus estimate 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 revenue for the quarter was up 9.1% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.12 EPS. On average, equities analysts predict that Coursera, Inc. will post -0.09 earnings per share for the current fiscal year.

Coursera announced that its board has initiated a stock buyback program on Monday, May 18th that permits the company to buyback $500.00 million in outstanding shares. This buyback authorization permits the company to repurchase up to 55.9% of its shares through open market purchases. Shares buyback programs are usually a sign that the company’s management believes its stock is undervalued.

Hedge Funds Weigh In On Coursera

Several institutional investors and hedge funds have recently modified their holdings of COUR. Aster Capital Management DIFC Ltd acquired a new position in shares of Coursera in the fourth quarter valued at $25,000. Optiver Holding B.V. acquired a new position in shares of Coursera in the first quarter valued at $31,000. Caitong International Asset Management Co. Ltd increased its holdings in shares of Coursera by 224.1% in the fourth quarter. Caitong International Asset Management Co. Ltd now owns 4,939 shares of the company’s stock valued at $36,000 after purchasing an additional 3,415 shares during the last quarter. Clearstead Trust LLC acquired a new position in shares of Coursera in the fourth quarter valued at $39,000. Finally, Quarry LP increased its holdings in shares of Coursera by 619.9% in the third quarter. Quarry LP now owns 4,024 shares of the company’s stock valued at $47,000 after purchasing an additional 3,465 shares during the last quarter. 89.55% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

COUR has been the topic of several analyst reports. UBS Group reaffirmed a “neutral” rating and set a $7.00 price target on shares of Coursera in a research report on Friday, February 6th. Wall Street Zen lowered shares of Coursera from a “buy” rating to a “hold” rating in a research report on Saturday, April 25th. JPMorgan Chase & Co. dropped their price target on shares of Coursera from $10.00 to $8.00 and set an “overweight” rating on the stock in a research report on Friday, April 24th. Royal Bank Of Canada dropped their price target on shares of Coursera from $8.00 to $7.00 and set an “outperform” rating on the stock in a research report on Friday, April 24th. Finally, Weiss Ratings lowered shares of Coursera from a “sell (d-)” rating to a “sell (e+)” rating in a research report on Thursday, May 21st. Eight analysts have rated the stock with a Buy rating, five have given a Hold rating and two have assigned a Sell rating to the company. Based on data from MarketBeat, the stock currently 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.