Coursera (NYSE:COUR) Major Shareholder Insight Holdings Group, Llc Sells 1,466,372 Shares

by · The Markets Daily

Coursera, Inc. (NYSE:COUR – Get Free Report) major shareholder Insight Holdings Group, Llc sold 1,466,372 shares of the company’s stock in a transaction that occurred on Wednesday, May 20th. The stock was sold at an average price of $5.24, for a total value of $7,683,789.28. Following the completion of the transaction, the insider owned 419,784 shares of the company’s stock, valued at $2,199,668.16. The trade was a 77.74% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Large shareholders that own more than 10% of a company’s shares are required to disclose their transactions with the SEC.

Insight Holdings Group, Llc also recently made the following trade(s):

  • On Tuesday, May 19th, Insight Holdings Group, Llc sold 455,000 shares of Coursera stock. The stock was sold at an average price of $5.41, for a total value of $2,461,550.00.
  • On Monday, May 18th, Insight Holdings Group, Llc sold 78,628 shares of Coursera stock. The stock was sold at an average price of $5.69, for a total value of $447,393.32.

Coursera Stock Up 8.3%

COUR stock traded up $0.45 during midday trading on Monday, hitting $5.84. The company’s stock had a trading volume of 9,711,627 shares, compared to its average volume of 5,557,659. Coursera, Inc. has a 12 month low of $5.00 and a 12 month high of $13.56. The firm has a market capitalization of $988.04 million, a price-to-earnings ratio of -15.35 and a beta of 1.25. The company has a 50 day moving average of $5.77 and a two-hundred day moving average of $6.56.

Coursera (NYSE:COUR – Get Free Report) last posted 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 return on equity of 5.41% and a negative net margin of 8.23%.The business had revenue of $195.70 million during the quarter, compared to the consensus estimate of $195.17 million. During the same quarter in the previous year, the company earned $0.12 earnings per share. The company’s revenue for the quarter was up 9.1% compared to the same quarter last year. On average, analysts anticipate that Coursera, Inc. will post -0.09 earnings per share for the current fiscal year.

Coursera declared that its board has authorized a stock buyback program on Monday, May 18th that allows the company to repurchase $500.00 million in shares. This repurchase authorization allows the company to repurchase up to 55.9% of its stock through open market purchases. Stock repurchase programs are often a sign that the company’s board of directors believes its stock is undervalued.

Institutional Trading of Coursera

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Edgestream Partners L.P. raised its holdings in Coursera by 5.1% during the 1st quarter. Edgestream Partners L.P. now owns 50,568 shares of the company’s stock valued at $294,000 after buying an additional 2,435 shares during the period. Readystate Asset Management LP purchased a new stake in Coursera during the 1st quarter valued at $6,525,000. Quantinno Capital Management LP raised its holdings in Coursera by 731.5% during the 1st quarter. Quantinno Capital Management LP now owns 485,452 shares of the company’s stock valued at $2,825,000 after buying an additional 427,068 shares during the period. OMERS ADMINISTRATION Corp raised its holdings in Coursera by 10.9% during the 1st quarter. OMERS ADMINISTRATION Corp now owns 223,299 shares of the company’s stock valued at $1,300,000 after buying an additional 22,000 shares during the period. Finally, Healthcare of Ontario Pension Plan Trust Fund purchased a new stake in Coursera during the 1st quarter valued at $2,008,000. Hedge funds and other institutional investors own 89.55% of the company’s stock.

Analyst Ratings Changes

Several research analysts have weighed in on the company. Telsey Advisory Group dropped their price target on Coursera from $14.00 to $10.00 and set an “outperform” rating for the company in a research note on Friday, April 24th. Morgan Stanley set a $7.50 price objective on Coursera in a report on Friday, April 24th. UBS Group reaffirmed a “neutral” rating and set a $7.00 price objective on shares of Coursera in a report on Friday, February 6th. The Goldman Sachs Group decreased their price objective on Coursera from $9.00 to $6.00 and set a “sell” rating on the stock in a report on Saturday, February 7th. Finally, Wall Street Zen cut Coursera from a “buy” rating to a “hold” rating in a report on Saturday, April 25th. Eight analysts have rated the stock with a Buy rating, five have given a Hold rating and two have assigned a Sell rating to the company. According to MarketBeat, the stock has an average rating of “Hold” and an average price target of $9.50.

Read Our Latest Research Report on Coursera

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.

See Also