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

by · The Cerbat Gem

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

Coursera Price Performance

Shares of COUR stock opened at $5.23 on Thursday. The company has a market capitalization of $884.76 million, a price-to-earnings ratio of -13.75 and a beta of 1.30. Coursera, Inc. has a one year low of $5.00 and a one year high of $13.56. The company’s fifty day moving average price is $5.87 and its 200-day moving average price is $6.70.

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

Coursera announced that its Board of Directors has initiated a share repurchase plan on Monday, May 18th that authorizes the company to repurchase $500.00 million in outstanding shares. This repurchase authorization authorizes the company to purchase up to 55.9% of its stock through open market purchases. Stock repurchase plans are generally an indication that the company’s board believes its stock is undervalued.

Institutional Trading of Coursera

Large investors have recently made changes to their positions in the business. Aster Capital Management DIFC Ltd bought a new stake in shares of Coursera in the 4th quarter worth about $25,000. Caitong International Asset Management Co. Ltd increased its holdings in shares of Coursera by 224.1% in the 4th 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 last quarter. Clearstead Trust LLC bought a new stake in shares of Coursera in the 4th quarter worth about $39,000. Quarry LP increased its holdings in shares of Coursera by 619.9% in the 3rd quarter. Quarry LP now owns 4,024 shares of the company’s stock worth $47,000 after buying an additional 3,465 shares during the last quarter. Finally, Falcon Wealth Planning bought a new stake in shares of Coursera in the 1st quarter worth about $60,000. 89.55% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of analysts have issued reports on the stock. Weiss Ratings upgraded shares of Coursera from a “sell (e+)” rating to a “sell (d-)” rating in a report on Wednesday, May 6th. Needham & Company LLC reiterated a “buy” rating and issued a $10.00 price target on shares of Coursera in a report on Friday, April 24th. UBS Group reiterated a “neutral” rating and issued a $7.00 price target on shares of Coursera in a report on Friday, February 6th. BMO Capital Markets reduced their price target on shares of Coursera from $8.00 to $7.00 and set an “outperform” rating on the stock in a report on Monday, April 27th. Finally, Wall Street Zen downgraded shares of Coursera from a “buy” rating to a “hold” rating in a report on Saturday, April 25th. Eight equities research analysts have rated the stock with a Buy rating, five have assigned a Hold rating and two have given a Sell rating to the company. According to MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $9.50.

Read Our Latest Analysis on COUR

Coursera Company Profile

(Get Free Report)

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.

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