Coursera, Inc. (NYSE:COUR – Get Free Report) CAO Michele M. Meyers sold 2,880 shares of Coursera stock in a transaction that occurred on Thursday, April 18th. The stock was sold at an average price of $12.00, for a total transaction of $34,560.00. Following the completion of the transaction, the chief accounting officer now owns 240,159 shares in the company, valued at approximately $2,881,908. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.
Coursera Stock Performance
COUR stock opened at $12.24 on Tuesday. The firm has a 50 day simple moving average of $14.56 and a 200 day simple moving average of $17.49. Coursera, Inc. has a 52 week low of $9.91 and a 52 week high of $21.26. The stock has a market cap of $1.93 billion, a P/E ratio of -15.90 and a beta of 1.48.
Coursera (NYSE:COUR – Get Free Report) last issued its earnings results on Thursday, February 1st. The company reported ($0.12) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.17) by $0.05. Coursera had a negative net margin of 18.33% and a negative return on equity of 18.15%. The company had revenue of $168.88 million during the quarter, compared to analyst estimates of $163.64 million. Sell-side analysts predict that Coursera, Inc. will post -0.47 EPS for the current year.
Analysts Set New Price Targets
Read Our Latest Stock Report on COUR
Institutional Trading of Coursera
Institutional investors have recently bought and sold shares of the company. Vanguard Group Inc. raised its stake in shares of Coursera by 5.7% during the 3rd quarter. Vanguard Group Inc. now owns 10,614,794 shares of the company’s stock worth $198,390,000 after purchasing an additional 570,177 shares in the last quarter. Nomura Asset Management Co. Ltd. increased its holdings in Coursera by 41.9% in the third quarter. Nomura Asset Management Co. Ltd. now owns 75,663 shares of the company’s stock worth $1,414,000 after buying an additional 22,353 shares during the last quarter. Acadian Asset Management LLC bought a new position in Coursera during the third quarter valued at approximately $585,000. FMR LLC raised its position in Coursera by 4,271.1% during the third quarter. FMR LLC now owns 138,259 shares of the company’s stock valued at $2,584,000 after acquiring an additional 135,096 shares in the last quarter. Finally, Principal Financial Group Inc. lifted its stake in Coursera by 1,167.6% in the third quarter. Principal Financial Group Inc. now owns 194,914 shares of the company’s stock valued at $3,643,000 after acquiring an additional 179,537 shares during the last quarter. Institutional investors and hedge funds 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.
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