Coursera (NYSE:COUR) Major Shareholder Insight Holdings Group, Llc Sells 455,000 Shares of Stock

Coursera, Inc. (NYSE:COUR) major shareholder Insight Holdings Group, Llc sold 455,000 shares of the firm’s stock in a transaction dated Tuesday, May 19th. The stock was sold at an average price of $5.41, for a total transaction of $2,461,550.00. Following the sale, the insider directly owned 441,439 shares in the company, valued at $2,388,184.99. This represents a 50.76% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Large shareholders that own 10% or more of a company’s stock are required to disclose their transactions with the SEC.

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

• On Wednesday, May 20th, Insight Holdings Group, Llc sold 1,466,372 shares of Coursera stock. The stock was sold at an average price of $5.24, for a total transaction of $7,683,789.28.
• 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 transaction of $447,393.32.

Coursera Price Performance

Coursera stock opened at $5.84 on Tuesday. Coursera, Inc. has a 12-month low of $5.00 and a 12-month high of $13.56. The stock has a market capitalization of $988.04 million, a P/E ratio of -15.35 and a beta of 1.25. The firm’s 50-day moving average is $5.77 and its two-hundred day moving average is $6.54.

Coursera (NYSE:COUR) last released its quarterly earnings results on Thursday, April 23rd. The company reported $0.07 earnings per share (EPS) 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 firm had revenue of $195.70 million for the quarter, compared to analyst estimates of $195.17 million. During the same period in the prior year, the business earned $0.12 earnings per share. Coursera’s revenue for the quarter was up 9.1% on a year-over-year basis. As a group, analysts forecast that Coursera, Inc. will post -0.09 EPS for the current year.

Coursera announced that its board has initiated a stock buyback program on Monday, May 18th that permits the company to buyback $500.00 million in outstanding shares. This buyback authorization permits the company to purchase up to 55.9% of its shares through open market purchases. Shares buyback programs are often a sign that the company’s board of directors believes its shares are undervalued.

Analysts Set New Price Targets

Several equities research analysts have issued reports on COUR shares. JPMorgan Chase & Co. decreased their price target on shares of Coursera from $10.00 to $8.00 and set an “overweight” rating on the stock in a research note on Friday, April 24th. BMO Capital Markets decreased their target price on shares of Coursera from $8.00 to $7.00 and set an “outperform” rating on the stock in a research report on Monday, April 27th. The Goldman Sachs Group decreased their target price on shares of Coursera from $9.00 to $6.00 and set a “sell” rating on the stock in a research report on Saturday, February 7th. KeyCorp decreased their target price on shares of Coursera from $12.00 to $10.00 and set an “overweight” rating on the stock in a research report on Friday, February 6th. Finally, Telsey Advisory Group decreased their target price on shares of Coursera from $14.00 to $10.00 and set an “outperform” rating on the stock in a research report on Friday, April 24th. Eight analysts have rated the stock with a Buy rating, five have given a Hold rating and two have given a Sell rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $9.50.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. The Manufacturers Life Insurance Company lifted its position in Coursera by 1.5% during the second quarter. The Manufacturers Life Insurance Company now owns 70,852 shares of the company’s stock valued at $621,000 after buying an additional 1,027 shares in the last quarter. Edgestream Partners L.P. lifted its position in Coursera by 5.1% during the first 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 in the last quarter. ProShare Advisors LLC lifted its position in Coursera by 10.3% during the fourth quarter. ProShare Advisors LLC now owns 26,096 shares of the company’s stock valued at $192,000 after buying an additional 2,439 shares in the last quarter. Diversified Trust Co. lifted its position in Coursera by 19.0% during the fourth quarter. Diversified Trust Co. now owns 17,691 shares of the company’s stock valued at $130,000 after buying an additional 2,824 shares in the last quarter. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its position in Coursera by 2.8% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 104,795 shares of the company’s stock valued at $698,000 after buying an additional 2,847 shares in the last quarter. 89.55% of the stock is owned by institutional investors and hedge funds.

About Coursera

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.