Andrew Y. Ng Sells 50,000 Shares of Coursera, Inc. (NYSE:COUR) Stock

Coursera, Inc. (NYSE:COUR) Director Andrew Y. Ng sold 50,000 shares of the firm’s stock in a transaction dated Tuesday, April 16th. The stock was sold at an average price of $12.09, for a total value of $604,500.00. Following the sale, the director now directly owns 7,058,074 shares in the company, valued at $85,332,114.66. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.

Coursera Trading Up 0.4 %

Shares of COUR stock opened at $11.95 on Friday. The company has a market capitalization of $1.88 billion, a P/E ratio of -15.52 and a beta of 1.48. The business’s 50 day moving average is $14.67 and its two-hundred day moving average is $17.54. Coursera, Inc. has a 12-month low of $9.91 and a 12-month high of $21.26.

Coursera (NYSE:COUR) last released its earnings results on Thursday, February 1st. The company reported ($0.12) earnings per share for the quarter, beating the consensus estimate of ($0.17) by $0.05. The business had revenue of $168.88 million for the quarter, compared to the consensus estimate of $163.64 million. Coursera had a negative return on equity of 18.15% and a negative net margin of 18.33%. On average, research analysts predict that Coursera, Inc. will post -0.47 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several analysts recently commented on the company. KeyCorp raised their target price on Coursera from $22.00 to $24.00 and gave the stock an “overweight” rating in a report on Friday, February 2nd. Morgan Stanley dropped their target price on Coursera from $25.00 to $21.00 and set an “overweight” rating on the stock in a report on Friday. The Goldman Sachs Group lowered Coursera from a “neutral” rating to a “sell” rating and dropped their target price for the stock from $18.00 to $14.00 in a report on Friday, January 19th. Needham & Company LLC raised their target price on Coursera from $21.00 to $23.00 and gave the stock a “buy” rating in a report on Friday, February 2nd. Finally, Cantor Fitzgerald reiterated an “overweight” rating and set a $26.00 price target on shares of Coursera in a research report on Wednesday. One research analyst has rated the stock with a sell rating, two have given a hold rating and eight have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $22.10.

Hedge Funds Weigh In On Coursera

Several hedge funds and other institutional investors have recently made changes to their positions in COUR. Bank of New York Mellon Corp lifted its position in shares of Coursera by 0.9% in the first quarter. Bank of New York Mellon Corp now owns 312,725 shares of the company’s stock valued at $7,205,000 after acquiring an additional 2,907 shares in the last quarter. Bank of Montreal Can purchased a new position in Coursera during the first quarter worth approximately $2,214,000. MetLife Investment Management LLC increased its stake in Coursera by 55.4% during the first quarter. MetLife Investment Management LLC now owns 40,863 shares of the company’s stock worth $941,000 after acquiring an additional 14,570 shares during the last quarter. Vontobel Holding Ltd. increased its stake in Coursera by 2.6% during the first quarter. Vontobel Holding Ltd. now owns 71,452 shares of the company’s stock worth $1,623,000 after acquiring an additional 1,798 shares during the last quarter. Finally, Allianz Asset Management GmbH increased its stake in Coursera by 45.7% during the first quarter. Allianz Asset Management GmbH now owns 13,892 shares of the company’s stock worth $320,000 after acquiring an additional 4,357 shares during the last quarter. Hedge funds and other institutional investors own 89.55% of the company’s stock.

Coursera Company Profile

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.