Coursera (NYSE:COUR) Major Shareholder Buys 3,130,149 Shares of Company Stock

Coursera, Inc. (NYSE:COUR) major shareholder Pale Fire Capital Se bought 3,130,149 shares of the business’s stock in a transaction on Thursday, November 5th. The stock was bought at an average cost of $3.72 per share, with a total value of $11,644,154.28. Following the completion of the purchase, the insider directly owned 37,161,666 shares in the company, valued at approximately $138,241,397.52. The trade was a 9.20% increase 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. Large shareholders that own 10% or more of a company’s stock are required to disclose their sales and purchases with the SEC.

Pale Fire Capital Se also recently made the following trade(s):

• On Wednesday, November 4th, Pale Fire Capital Se purchased 2,698,400 shares of Coursera stock. The shares were purchased at an average cost of $3.85 per share, for a total transaction of $10,388,840.00.
• On Tuesday, November 3rd, Pale Fire Capital Se acquired 2,526,702 shares of Coursera stock. The stock was purchased at an average cost of $3.72 per share, with a total value of $9,399,331.44.
• On Tuesday, September 29th, Pale Fire Capital Se acquired 1,000,000 shares of Coursera stock. The shares were purchased at an average price of $4.61 per share, with a total value of $4,610,000.00.
• On Friday, September 25th, Pale Fire Capital Se bought 1,332,742 shares of Coursera stock. The shares were purchased at an average cost of $5.06 per share, for a total transaction of $6,743,674.52.

Coursera Trading Down 3.3%

COUR stock traded down $0.13 during trading on Thursday, reaching $3.77. 10,761,355 shares of the stock were exchanged, compared to its average volume of 6,249,690. The firm has a market capitalization of $997.32 million, a price-to-earnings ratio of -5.24, a P/E/G ratio of 1.11 and a beta of 1.26. The business has a 50 day moving average price of $5.14 and a 200-day moving average price of $5.65. Coursera, Inc. has a 1 year low of $3.45 and a 1 year high of $8.89.

Coursera (NYSE:COUR) last posted its quarterly earnings results on Thursday, October 29th. The company reported $0.21 earnings per share for the quarter, beating the consensus estimate of $0.18 by $0.03. The business had revenue of $376.70 million during the quarter, compared to analysts’ expectations of $368.52 million. Coursera had a negative net margin of 14.35% and a positive return on equity of 3.47%. The business’s revenue for the quarter was up 94.0% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.10 EPS. On average, research analysts anticipate that Coursera, Inc. will post 0.17 EPS for the current year.

Analysts Set New Price Targets

COUR has been the subject of a number of research analyst reports. The Goldman Sachs Group lowered their price target on Coursera from $6.50 to $5.00 and set a “neutral” rating for the company in a report on Friday, October 30th. BMO Capital Markets reduced their price objective on shares of Coursera from $8.00 to $6.00 and set an “outperform” rating on the stock in a report on Monday, October 5th. Zacks Research raised shares of Coursera from a “hold” rating to a “strong-buy” rating in a research report on Monday. KeyCorp lowered shares of Coursera from an “overweight” rating to a “sector weight” rating in a research note on Friday, October 30th. Finally, Needham & Company LLC dropped their price target on shares of Coursera from $10.00 to $6.00 and set a “buy” rating for the company in a research report on Friday, October 30th. One investment analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating, six have issued a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $6.36.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently modified their holdings of COUR. BlackRock Inc. acquired a new position in Coursera during the 2nd quarter worth $116,245,000. Caledonia Private Investments Pty Ltd acquired a new stake in Coursera in the 2nd quarter valued at about $114,918,000. Pale Fire Capital SE acquired a new stake in Coursera in the 1st quarter valued at about $61,178,000. Readystate Asset Management LP boosted its stake in shares of Coursera by 259.2% in the 2nd quarter. Readystate Asset Management LP now owns 4,027,181 shares of the company’s stock valued at $22,713,000 after buying an additional 2,906,101 shares during the period. Finally, Deutsche Bank AG purchased a new position in shares of Coursera in the 2nd quarter valued at about $9,848,000. 89.55% of the stock is currently owned by hedge funds and other institutional investors.

About Coursera

Coursera, Inc is an online learning platform that provides access to courses, professional certificates, guided projects, and degree programs. The company works with universities, colleges, and industry partners to offer content in areas such as business, technology, data science, computer science, and personal development.

Coursera serves individual learners, businesses, governments, and academic institutions in countries around the world. Its enterprise and government offerings support employee training, workforce development, and large-scale education initiatives, while its consumer platform allows learners to enroll in individual courses or broader credential and degree programs.

Coursera was founded in 2012 by computer-science professors Andrew Ng and Daphne Koller.