Coursera (NYSE:COUR) Major Shareholder Insight Holdings Group, Llc Sells 1,466,372 Shares

Coursera, Inc. (NYSE:COUR) major shareholder Insight Holdings Group, Llc sold 1,466,372 shares of the firm’s stock in a transaction dated Wednesday, May 20th. The stock was sold at an average price of $5.24, for a total transaction of $7,683,789.28. Following the completion of the transaction, the insider directly owned 419,784 shares in the company, valued at approximately $2,199,668.16. This represents a 77.74% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Major shareholders that own at least 10% of a company’s shares are required to disclose their transactions with the SEC.

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

• On Tuesday, May 19th, Insight Holdings Group, Llc sold 455,000 shares of Coursera stock. The stock was sold at an average price of $5.41, for a total transaction of $2,461,550.00.
• 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 Trading Up 8.3%

NYSE:COUR opened at $5.84 on Tuesday. The company’s 50-day moving average price is $5.77 and its 200-day moving average price is $6.54. The company has a market cap of $988.04 million, a P/E ratio of -15.35 and a beta of 1.25. Coursera, Inc. has a twelve month low of $5.00 and a twelve month high of $13.56.

Coursera (NYSE:COUR) last released its quarterly earnings data 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 quarter in the previous year, the business posted $0.12 earnings per share. Coursera’s revenue for the quarter was up 9.1% on a year-over-year basis. On average, analysts expect that Coursera, Inc. will post -0.09 earnings per share for the current year.

Coursera announced that its Board of Directors has authorized a share repurchase plan on Monday, May 18th that authorizes the company to buyback $500.00 million in shares. This buyback authorization authorizes the company to repurchase up to 55.9% of its stock through open market purchases. Stock buyback plans are typically an indication that the company’s board of directors believes its shares are undervalued.

Wall Street Analyst Weigh In

A number of equities research analysts have weighed in on COUR shares. Weiss Ratings cut shares of Coursera from a “sell (d-)” rating to a “sell (e+)” rating in a research report on Thursday, May 21st. UBS Group reiterated a “neutral” rating and set a $7.00 price target on shares of Coursera in a research report on Friday, February 6th. BMO Capital Markets dropped their price target on shares of Coursera from $8.00 to $7.00 and set an “outperform” rating for the company in a research report on Monday, April 27th. Needham & Company LLC reiterated a “buy” rating and set a $10.00 price target on shares of Coursera in a research report on Friday, April 24th. Finally, JPMorgan Chase & Co. dropped their price target on shares of Coursera from $10.00 to $8.00 and set an “overweight” rating for the company in a research report on Friday, April 24th. Eight analysts have rated the stock with a Buy rating, five have assigned a Hold rating and two have given a Sell rating to the stock. According to data from MarketBeat, the company has an average rating of “Hold” and an average price target of $9.50.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the business. Royal Bank of Canada lifted its stake in Coursera by 38.8% in the first quarter. Royal Bank of Canada now owns 55,891 shares of the company’s stock worth $372,000 after acquiring an additional 15,610 shares during the last quarter. AQR Capital Management LLC lifted its position in shares of Coursera by 36.8% during the 1st quarter. AQR Capital Management LLC now owns 581,879 shares of the company’s stock worth $3,875,000 after buying an additional 156,566 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its position in shares of Coursera by 2.8% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 104,795 shares of the company’s stock worth $698,000 after buying an additional 2,847 shares during the last quarter. Dynamic Technology Lab Private Ltd purchased a new stake in shares of Coursera during the 1st quarter worth approximately $273,000. Finally, American Century Companies Inc. lifted its position in shares of Coursera by 29.0% during the 2nd quarter. American Century Companies Inc. now owns 277,568 shares of the company’s stock worth $2,431,000 after buying an additional 62,371 shares during the last quarter. Institutional investors and hedge funds own 89.55% of the company’s stock.

Coursera Company Profile

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.