Coursera, Inc. (NYSE:COUR) CFO Kenneth R. Hahn Sells 5,000 Shares

Coursera, Inc. (NYSE:COURGet Free Report) CFO Kenneth R. Hahn sold 5,000 shares of the firm’s stock in a transaction that occurred on Tuesday, January 23rd. The shares were sold at an average price of $18.39, for a total transaction of $91,950.00. Following the completion of the sale, the chief financial officer now owns 552,715 shares in the company, valued at $10,164,428.85. The transaction was disclosed in a document filed with the SEC, which is available at this link.

Coursera Stock Performance

Shares of NYSE:COUR traded up $0.55 during mid-day trading on Thursday, hitting $18.96. The company had a trading volume of 1,554,504 shares, compared to its average volume of 1,360,936. The firm has a fifty day moving average price of $19.68 and a 200 day moving average price of $17.88. Coursera, Inc. has a one year low of $9.91 and a one year high of $21.26.

Coursera (NYSE:COURGet Free Report) last released its quarterly earnings data on Thursday, October 26th. The company reported ($0.20) earnings per share for the quarter, beating the consensus estimate of ($0.21) by $0.01. The company had revenue of $165.54 million during the quarter, compared to analyst estimates of $158.32 million. Coursera had a negative net margin of 24.28% and a negative return on equity of 21.18%. As a group, sell-side analysts anticipate that Coursera, Inc. will post -0.78 EPS for the current year.

Analyst Upgrades and Downgrades

A number of research firms have recently weighed in on COUR. BMO Capital Markets assumed coverage on shares of Coursera in a research note on Thursday, October 12th. They issued an “outperform” rating and a $24.00 price target on the stock. Telsey Advisory Group reiterated an “outperform” rating and issued a $20.00 price objective on shares of Coursera in a report on Monday, October 23rd. The Goldman Sachs Group lowered shares of Coursera from a “neutral” rating to a “sell” rating and dropped their price objective for the company from $18.00 to $14.00 in a report on Friday, January 19th. KeyCorp raised their price objective on shares of Coursera from $18.00 to $22.00 and gave the company an “overweight” rating in a report on Friday, October 27th. Finally, Needham & Company LLC raised their price target on shares of Coursera from $19.00 to $21.00 and gave the stock a “buy” rating in a report on Friday, October 27th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and eight have given a buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $20.09.

Read Our Latest Stock Analysis on COUR

Institutional Trading of Coursera

Hedge funds have recently bought and sold shares of the business. American International Group Inc. grew its position in Coursera by 13.8% in the 2nd quarter. American International Group Inc. now owns 62,702 shares of the company’s stock valued at $816,000 after purchasing an additional 7,624 shares during the period. Counterpoint Mutual Funds LLC acquired a new stake in Coursera in the 3rd quarter valued at $115,000. Bank of Montreal Can acquired a new stake in Coursera in the 2nd quarter valued at $272,000. Mirae Asset Global Investments Co. Ltd. boosted its holdings in Coursera by 6.9% during the 3rd quarter. Mirae Asset Global Investments Co. Ltd. now owns 89,277 shares of the company’s stock worth $1,669,000 after acquiring an additional 5,782 shares during the last quarter. Finally, Principal Financial Group Inc. boosted its holdings in Coursera by 22.5% during the 2nd quarter. Principal Financial Group Inc. now owns 15,377 shares of the company’s stock worth $200,000 after acquiring an additional 2,823 shares during the last quarter. Institutional investors and hedge funds own 64.36% of the company’s stock.

Coursera Company Profile

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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, physical science and engineering, language learning, information technology, health, social sciences, math and logic, project management, and arts and humanities; campus student plans; degree courses; and certification education.

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

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