Insight Holdings Group, Llc Sells 78,628 Shares of Coursera (NYSE:COUR) Stock

Coursera, Inc. (NYSE:COURGet Free Report) major shareholder Insight Holdings Group, Llc sold 78,628 shares of the stock in a transaction that occurred on Monday, May 18th. The shares were sold at an average price of $5.69, for a total value of $447,393.32. The transaction was disclosed in a filing with the SEC, which is available at this link. Major shareholders that own more than 10% of a company’s stock are required to disclose their sales and purchases with the SEC.

Coursera Price Performance

Shares of NYSE COUR traded down $0.18 during midday trading on Wednesday, reaching $5.23. 8,412,863 shares of the stock traded hands, compared to its average volume of 7,204,227. The stock has a market capitalization of $884.76 million, a PE 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 50 day moving average is $5.87 and its 200 day moving average is $6.70.

Coursera (NYSE:COURGet Free Report) last released its quarterly earnings results 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). Coursera had a negative net margin of 8.23% and a negative return on equity of 5.41%. The company had revenue of $195.70 million for the quarter, compared to analysts’ expectations of $195.17 million. During the same quarter in the previous year, the company posted $0.12 EPS. The business’s quarterly revenue was up 9.1% on a year-over-year basis. As a group, equities analysts forecast that Coursera, Inc. will post -0.09 EPS for the current year.

Coursera announced that its board has authorized a stock buyback plan on Monday, May 18th that authorizes the company to buyback $500.00 million in outstanding shares. This buyback authorization authorizes the company to reacquire up to 55.9% of its stock through open market purchases. Stock buyback plans are generally a sign that the company’s board believes its stock is undervalued.

Hedge Funds Weigh In On Coursera

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Vanguard Group Inc. grew its stake in Coursera by 15.8% in the fourth quarter. Vanguard Group Inc. now owns 16,116,748 shares of the company’s stock valued at $118,619,000 after purchasing an additional 2,195,148 shares during the last quarter. Baillie Gifford & Co. grew its stake in Coursera by 97.0% in the fourth quarter. Baillie Gifford & Co. now owns 14,590,942 shares of the company’s stock valued at $107,389,000 after purchasing an additional 7,184,167 shares during the last quarter. Caledonia Private Investments Pty Ltd grew its stake in Coursera by 29.4% in the fourth quarter. Caledonia Private Investments Pty Ltd now owns 12,052,670 shares of the company’s stock valued at $88,708,000 after purchasing an additional 2,739,039 shares during the last quarter. Pale Fire Capital SE purchased a new position in Coursera in the first quarter valued at about $61,178,000. Finally, Mak Capital One LLC purchased a new position in Coursera in the fourth quarter valued at about $27,610,000. Hedge funds and other institutional investors own 89.55% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts have weighed in on COUR shares. BMO Capital Markets reduced their target price on Coursera from $8.00 to $7.00 and set an “outperform” rating on the stock in a research note on Monday, April 27th. Needham & Company LLC restated a “buy” rating and set a $10.00 price target on shares of Coursera in a research note on Friday, April 24th. Royal Bank Of Canada cut their price target on Coursera from $8.00 to $7.00 and set an “outperform” rating on the stock in a research note on Friday, April 24th. KeyCorp cut their price target on Coursera from $12.00 to $10.00 and set an “overweight” rating on the stock in a research note on Friday, February 6th. Finally, Telsey Advisory Group cut their price target on Coursera from $14.00 to $10.00 and set an “outperform” rating on the stock in a research note on Friday, April 24th. Eight research analysts have rated the stock with a Buy rating, five have assigned a Hold rating and two have assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $9.50.

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Coursera Company Profile

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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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Insider Buying and Selling by Quarter for Coursera (NYSE:COUR)

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