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 company’s stock in a transaction on Wednesday, February 19th. The stock was sold at an average price of $8.26, for a total value of $46,363.38. Following the sale, 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 ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.

Coursera Price Performance

Shares of COUR stock opened at $8.24 on Friday. The business has a fifty day moving average of $8.44 and a 200 day moving average of $7.99. Coursera, Inc. has a 1 year low of $6.29 and a 1 year high of $16.74. The firm has a market capitalization of $1.30 billion, a price-to-earnings ratio of -15.84 and a beta of 1.42.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the company. State of Wyoming boosted its position in Coursera by 959.1% in the fourth quarter. State of Wyoming now owns 3,887 shares of the company’s stock valued at $33,000 after buying an additional 3,520 shares during the last quarter. SBI Securities Co. Ltd. purchased a new position in Coursera during the 4th quarter worth approximately $35,000. FMR LLC lifted its stake in Coursera by 67.6% during the 3rd 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 period. CWM LLC boosted its holdings in shares of Coursera by 82.3% in the 3rd quarter. CWM LLC now owns 7,128 shares of the company’s stock valued at $57,000 after acquiring an additional 3,217 shares during the last quarter. Finally, KBC Group NV increased its stake in shares of Coursera by 90.7% in the fourth quarter. KBC Group NV now owns 9,203 shares of the company’s stock worth $78,000 after acquiring an additional 4,376 shares during the period. 89.55% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of brokerages have commented on COUR. Needham & Company LLC reiterated a “buy” rating and issued a $11.00 target price on shares of Coursera in a report on Monday, January 27th. Royal Bank of Canada reiterated an “outperform” rating and set a $10.00 price objective on shares of Coursera in a research note on Friday, January 31st. The Goldman Sachs Group lowered their target price 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. Morgan Stanley cut their price target 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. Finally, BMO Capital Markets decreased their price objective on Coursera from $10.00 to $9.00 and set an “outperform” rating for the company in a report on Friday, October 25th. One investment analyst has rated the stock with a sell rating, four have given a hold rating and eight have issued a buy rating to the company’s stock. According to data from MarketBeat, Coursera presently has a consensus rating of “Moderate Buy” and an average target price of $10.13.

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.