Coursera, Inc. (NYSE:COUR) SVP Sells $46,363.38 in Stock

Coursera, Inc. (NYSE:COUR - Get Free Report) SVP Alan B. Cardenas sold 5,613 shares of the business's stock in a transaction dated Wednesday, February 19th. The stock was sold at an average price of $8.26, for a total transaction of $46,363.38. Following the completion of the transaction, the senior vice president now directly owns 180,413 shares of the company's stock, valued at approximately $1,490,211.38. This represents a 3.02 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink.

Coursera Price Performance

COUR stock traded down $0.20 during trading hours on Friday, reaching $8.04. 1,017,039 shares of the stock were exchanged, compared to its average volume of 1,795,424. The firm's 50-day moving average is $8.44 and its 200-day moving average is $7.99. Coursera, Inc. has a 12 month low of $6.29 and a 12 month high of $16.74. The company has a market cap of $1.27 billion, a price-to-earnings ratio of -15.45 and a beta of 1.42.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the company. State of Wyoming grew its stake in shares of Coursera by 959.1% during the 4th quarter. State of Wyoming now owns 3,887 shares of the company's stock worth $33,000 after acquiring an additional 3,520 shares in the last quarter. SBI Securities Co. Ltd. bought a new position in Coursera in the fourth quarter valued at $35,000. FMR LLC grew its position in Coursera by 67.6% in the third quarter. FMR LLC now owns 6,574 shares of the company's stock valued at $52,000 after purchasing an additional 2,651 shares in the last quarter. CWM LLC increased its stake in Coursera by 82.3% in the 3rd quarter. CWM LLC now owns 7,128 shares of the company's stock valued at $57,000 after buying an additional 3,217 shares during the last quarter. Finally, KBC Group NV lifted its position in Coursera by 90.7% during the 4th quarter. KBC Group NV now owns 9,203 shares of the company's stock worth $78,000 after buying an additional 4,376 shares in the last quarter. 89.55% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

COUR has been the subject of several research reports. Cantor Fitzgerald reissued an "overweight" rating and issued a $10.00 target price on shares of Coursera in a research note on Thursday, December 5th. BMO Capital Markets lowered their price objective on Coursera from $10.00 to $9.00 and set an "outperform" rating for the company in a research report on Friday, October 25th. Needham & Company LLC restated a "buy" rating and set a $11.00 target price on shares of Coursera in a research report on Monday, January 27th. Scotiabank started coverage on shares of Coursera in a research note on Thursday, December 5th. They issued a "sector perform" rating and a $9.00 target price on the stock. Finally, KeyCorp dropped their price target on shares of Coursera from $12.00 to $11.00 and set an "overweight" rating for the company in a research note on Friday, October 25th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and eight have given a buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average target price of $10.13.

About Coursera

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.