Coursera, Inc. (NYSE:COUR) SVP Alan B. Cardenas Sells 5,613 Shares

Coursera, Inc. (NYSE:COUR) SVP Alan B. Cardenas sold 5,613 shares of the company’s stock in a transaction that occurred on Wednesday, February 19th. The stock was sold at an average price of $8.26, for a total transaction of $46,363.38. Following the completion of the sale, the senior vice president now directly owns 180,413 shares of the company’s stock, valued at approximately $1,490,211.38. This represents a 3.02 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website.

Coursera Trading Down 2.1 %

COUR stock traded down $0.18 on Wednesday, hitting $8.26. 1,223,973 shares of the company’s stock traded hands, compared to its average volume of 1,854,774. Coursera, Inc. has a 1-year low of $6.29 and a 1-year high of $16.84. The stock has a fifty day moving average of $8.44 and a 200-day moving average of $7.98. The stock has a market cap of $1.31 billion, a price-to-earnings ratio of -15.88 and a beta of 1.42.

Institutional Investors Weigh In On Coursera

A number of large investors have recently made changes to their positions in the company. Vanguard Group Inc. raised its holdings in shares of Coursera by 3.8% during the fourth quarter. Vanguard Group Inc. now owns 12,147,159 shares of the company’s stock valued at $103,251,000 after acquiring an additional 440,948 shares during the period. State Street Corp raised its holdings in shares of Coursera by 2.2% during the third quarter. State Street Corp now owns 2,947,168 shares of the company’s stock valued at $23,401,000 after acquiring an additional 63,549 shares during the period. Geode Capital Management LLC raised its holdings in shares of Coursera by 7.3% during the third quarter. Geode Capital Management LLC now owns 2,922,953 shares of the company’s stock valued at $23,214,000 after acquiring an additional 199,050 shares during the period. Invenomic Capital Management LP raised its holdings in shares of Coursera by 6.9% during the third quarter. Invenomic Capital Management LP now owns 2,690,363 shares of the company’s stock valued at $21,361,000 after acquiring an additional 172,585 shares during the period. Finally, Norges Bank acquired a new stake in shares of Coursera during the fourth quarter valued at approximately $17,010,000. Institutional investors and hedge funds own 89.55% of the company’s stock.

Analysts Set New Price Targets

A number of analysts have recently weighed in on the stock. Telsey Advisory Group reaffirmed an “outperform” rating and issued a $15.00 price target on shares of Coursera in a research note on Tuesday, January 28th. JPMorgan Chase & Co. assumed coverage on shares of Coursera in a research note on Monday, November 25th. They issued a “neutral” rating and a $8.00 price target for the company. Royal Bank of Canada reaffirmed an “outperform” rating and issued a $10.00 price target on shares of Coursera in a research note on Friday, January 31st. Morgan Stanley reduced their price target on shares of Coursera from $15.00 to $10.00 and set an “overweight” rating for the company in a research note on Friday, October 25th. Finally, Scotiabank assumed coverage on shares of Coursera in a research note on Thursday, December 5th. They issued a “sector perform” rating and a $9.00 price target for the company. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and eight have given a buy rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $10.13.

About Coursera

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.