Amanda Clark Sells 1,562 Shares of Coursera, Inc. (NYSE:COUR) Stock

Coursera, Inc. (NYSE:COUR) Director Amanda Clark sold 1,562 shares of the firm’s stock in a transaction dated Friday, November 15th. The shares were sold at an average price of $7.16, for a total value of $11,183.92. Following the completion of the transaction, the director now owns 73,142 shares of the company’s stock, valued at $523,696.72. The trade was a 2.09 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website.

Coursera Price Performance

Shares of COUR opened at $6.97 on Thursday. Coursera, Inc. has a one year low of $6.29 and a one year high of $21.26. The company has a market cap of $1.10 billion, a P/E ratio of -13.66 and a beta of 1.44. The firm has a 50 day simple moving average of $7.50 and a two-hundred day simple moving average of $7.69.

Wall Street Analyst Weigh In

COUR has been the subject of several analyst reports. Royal Bank of Canada decreased their price objective on Coursera from $18.00 to $10.00 and set an “outperform” rating for the company in a report on Friday, October 25th. BMO Capital Markets reduced their price target on Coursera from $10.00 to $9.00 and set an “outperform” rating for the company in a report on Friday, October 25th. Telsey Advisory Group reiterated an “outperform” rating and set a $18.00 price target on shares of Coursera in a report on Monday, October 21st. KeyCorp reduced their price target on Coursera from $12.00 to $11.00 and set an “overweight” rating for the company in a report on Friday, October 25th. Finally, Bank of America started coverage on Coursera in a report on Thursday, September 19th. They set a “buy” rating and a $11.00 price target for the company. One investment analyst has rated the stock with a sell rating, one has issued a hold rating and nine have assigned a buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $10.93.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the company. Swiss National Bank grew its stake in shares of Coursera by 2.0% during the first quarter. Swiss National Bank now owns 195,700 shares of the company’s stock worth $2,744,000 after buying an additional 3,900 shares during the last quarter. Sei Investments Co. grew its stake in shares of Coursera by 146.2% during the first quarter. Sei Investments Co. now owns 164,087 shares of the company’s stock worth $2,300,000 after buying an additional 97,448 shares during the last quarter. Russell Investments Group Ltd. grew its stake in shares of Coursera by 14.2% during the first quarter. Russell Investments Group Ltd. now owns 278,789 shares of the company’s stock worth $3,909,000 after buying an additional 34,652 shares during the last quarter. ProShare Advisors LLC grew its stake in shares of Coursera by 10.3% during the first quarter. ProShare Advisors LLC now owns 23,787 shares of the company’s stock worth $333,000 after buying an additional 2,224 shares during the last quarter. Finally, Vanguard Group Inc. grew its stake in shares of Coursera by 2.3% during the first quarter. Vanguard Group Inc. now owns 11,405,792 shares of the company’s stock worth $159,909,000 after buying an additional 254,108 shares during the last quarter. 89.55% of the stock is currently owned by institutional investors and hedge funds.

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.