Coursera, Inc. (NYSE:COUR) Director Andrew Y. Ng Sells 40,000 Shares

Coursera, Inc. (NYSE:COURGet Rating) Director Andrew Y. Ng sold 40,000 shares of the company’s stock in a transaction on Tuesday, June 21st. The stock was sold at an average price of $16.43, for a total transaction of $657,200.00. Following the completion of the transaction, the director now directly owns 7,420,398 shares of the company’s stock, valued at $121,917,139.14. The sale was disclosed in a filing with the SEC, which is available at the SEC website.

Coursera stock traded up $0.46 during trading hours on Thursday, hitting $16.04. The company had a trading volume of 1,411,486 shares, compared to its average volume of 1,053,308. The firm has a market cap of $2.31 billion, a PE ratio of -13.52 and a beta of 1.58. Coursera, Inc. has a one year low of $13.36 and a one year high of $44.86. The firm has a 50-day moving average of $17.38 and a 200 day moving average of $20.20.

Coursera (NYSE:COURGet Rating) last announced its earnings results on Wednesday, April 27th. The company reported ($0.27) EPS for the quarter, topping the consensus estimate of ($0.28) by $0.01. Coursera had a negative net margin of 36.84% and a negative return on equity of 22.08%. The company had revenue of $120.43 million for the quarter, compared to analysts’ expectations of $116.64 million. During the same period last year, the firm earned ($0.45) earnings per share. Equities analysts expect that Coursera, Inc. will post -1.08 earnings per share for the current year.

A number of equities analysts recently weighed in on the stock. Truist Financial reduced their target price on shares of Coursera from $45.00 to $35.00 in a research note on Thursday, April 28th. The Goldman Sachs Group reduced their price objective on shares of Coursera from $28.00 to $23.00 and set a “buy” rating for the company in a research note on Thursday, June 9th. Cantor Fitzgerald initiated coverage on shares of Coursera in a research note on Tuesday, March 29th. They set an “overweight” rating and a $30.00 price objective for the company. Finally, Royal Bank of Canada reduced their price objective on shares of Coursera from $50.00 to $40.00 in a research note on Thursday, April 28th. Eight investment analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, Coursera has an average rating of “Buy” and a consensus price target of $35.75.

Institutional investors and hedge funds have recently made changes to their positions in the company. Russell Investments Group Ltd. bought a new position in shares of Coursera during the first quarter worth approximately $47,000. Nisa Investment Advisors LLC bought a new position in shares of Coursera during the fourth quarter worth approximately $49,000. Prospera Financial Services Inc bought a new position in shares of Coursera during the first quarter worth approximately $53,000. FNY Investment Advisers LLC bought a new position in shares of Coursera during the first quarter worth approximately $115,000. Finally, Ensign Peak Advisors Inc bought a new position in Coursera in the first quarter valued at approximately $126,000. 78.93% of the stock is currently owned by institutional investors.

Coursera Company Profile (Get Rating)

Coursera, Inc operates an online educational content platform that connects learners, educators, organizations, and institutions. It offers online courses that include data science, business, computer science, information technology, health, social sciences, logic, project management, and digital marketing services; campus student plans; degree courses; and certification education.

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