Insider Buying: Coursera (NYSE:COUR) Major Shareholder Buys 2,698,400 Shares of Stock

Coursera, Inc. (NYSE:COUR) major shareholder Pale Fire Capital Se acquired 2,698,400 shares of the firm’s stock in a transaction that occurred on Wednesday, November 4th. The stock was purchased at an average price of $3.85 per share, with a total value of $10,388,840.00. Following the completion of the acquisition, the insider owned 34,031,517 shares in the company, valued at $131,021,340.45. The trade was a 8.61% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is available through this hyperlink. Major shareholders that own at least 10% of a company’s stock are required to disclose their transactions with the SEC.

Pale Fire Capital Se also recently made the following trade(s):

• On Thursday, November 5th, Pale Fire Capital Se bought 3,130,149 shares of Coursera stock. The shares were acquired at an average price of $3.72 per share, for a total transaction of $11,644,154.28.
• On Tuesday, November 3rd, Pale Fire Capital Se bought 2,526,702 shares of Coursera stock. The stock was acquired at an average cost of $3.72 per share, with a total value of $9,399,331.44.
• On Tuesday, September 29th, Pale Fire Capital Se bought 1,000,000 shares of Coursera stock. The stock was acquired at an average cost of $4.61 per share, with a total value of $4,610,000.00.
• On Friday, September 25th, Pale Fire Capital Se purchased 1,332,742 shares of Coursera stock. The stock was acquired at an average price of $5.06 per share, with a total value of $6,743,674.52.

Coursera Stock Performance

Shares of NYSE:COUR traded down $0.13 during midday trading on Thursday, reaching $3.77. 10,761,355 shares of the company’s stock traded hands, compared to its average volume of 6,249,690. Coursera, Inc. has a one year low of $3.45 and a one year high of $8.89. The company has a market cap of $997.32 million, a price-to-earnings ratio of -5.24, a P/E/G ratio of 1.11 and a beta of 1.26. The stock has a 50 day moving average of $5.14 and a 200 day moving average of $5.65.

Coursera (NYSE:COUR) last released its quarterly earnings data on Thursday, October 29th. The company reported $0.21 EPS for the quarter, topping the consensus estimate of $0.18 by $0.03. Coursera had a positive return on equity of 3.47% and a negative net margin of 14.35%. The company had revenue of $376.70 million during the quarter, compared to the consensus estimate of $368.52 million. During the same period last year, the company earned $0.10 EPS. Coursera’s revenue for the quarter was up 94.0% on a year-over-year basis. Sell-side analysts predict that Coursera, Inc. will post 0.17 EPS for the current fiscal year.

Institutional Investors Weigh In On Coursera

Hedge funds and other institutional investors have recently made changes to their positions in the business. BlackRock Inc. purchased a new position in shares of Coursera in the second quarter worth approximately $116,245,000. Pale Fire Capital SE increased its holdings in Coursera by 94.4% during the second quarter. Pale Fire Capital SE now owns 20,432,950 shares of the company’s stock valued at $115,242,000 after buying an additional 9,921,347 shares during the last quarter. Caledonia Private Investments Pty Ltd purchased a new stake in Coursera during the second quarter valued at approximately $114,918,000. Readystate Asset Management LP increased its holdings in Coursera by 259.2% during the second quarter. Readystate Asset Management LP now owns 4,027,181 shares of the company’s stock valued at $22,713,000 after buying an additional 2,906,101 shares during the last quarter. Finally, Deutsche Bank AG bought a new position in Coursera in the second quarter worth approximately $9,848,000. Hedge funds and other institutional investors own 89.55% of the company’s stock.

Analysts Set New Price Targets

COUR has been the subject of a number of research analyst reports. Needham & Company LLC reduced their price target on shares of Coursera from $10.00 to $6.00 and set a “buy” rating for the company in a research note on Friday, October 30th. The Goldman Sachs Group dropped their target price on shares of Coursera from $6.50 to $5.00 and set a “neutral” rating on the stock in a report on Friday, October 30th. JPMorgan Chase & Co. downgraded shares of Coursera from an “overweight” rating to a “neutral” rating and cut their target price for the stock from $8.00 to $5.00 in a research report on Friday, October 30th. KeyCorp lowered shares of Coursera from an “overweight” rating to a “sector weight” rating in a research note on Friday, October 30th. Finally, Weiss Ratings raised Coursera from a “sell (e+)” rating to a “sell (d-)” rating in a report on Monday. One equities research analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating, six have issued a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $6.36.

Coursera Company Profile

Coursera, Inc is an online learning platform that provides access to courses, professional certificates, guided projects, and degree programs. The company works with universities, colleges, and industry partners to offer content in areas such as business, technology, data science, computer science, and personal development.

Coursera serves individual learners, businesses, governments, and academic institutions in countries around the world. Its enterprise and government offerings support employee training, workforce development, and large-scale education initiatives, while its consumer platform allows learners to enroll in individual courses or broader credential and degree programs.

Coursera was founded in 2012 by computer-science professors Andrew Ng and Daphne Koller.