Coursera, Inc. (NYSE:COUR) COO Shravan Goli Sells 13,334 Shares

Posted by Defense World Staff on Aug 2nd, 2023

Coursera, Inc. (NYSE:COUR – Get Free Report) COO Shravan Goli sold 13,334 shares of the business’s stock in a transaction that occurred on Monday, July 31st. The shares were sold at an average price of $15.62, for a total transaction of $208,277.08. Following the transaction, the chief operating officer now owns 953,285 shares of the company’s stock, valued at approximately $14,890,311.70. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website.

Shravan Goli also recently made the following trade(s):

On Friday, July 28th, Shravan Goli sold 29,827 shares of Coursera stock. The shares were sold at an average price of $14.45, for a total transaction of $431,000.15.
On Tuesday, July 18th, Shravan Goli sold 1,600 shares of Coursera stock. The shares were sold at an average price of $14.00, for a total transaction of $22,400.00.
On Thursday, July 13th, Shravan Goli sold 28,000 shares of Coursera stock. The stock was sold at an average price of $13.67, for a total transaction of $382,760.00.
On Thursday, June 15th, Shravan Goli sold 2,358 shares of Coursera stock. The stock was sold at an average price of $13.00, for a total transaction of $30,654.00.
On Tuesday, June 13th, Shravan Goli sold 28,000 shares of Coursera stock. The stock was sold at an average price of $13.27, for a total transaction of $371,560.00.
On Friday, June 2nd, Shravan Goli sold 44,716 shares of Coursera stock. The stock was sold at an average price of $13.05, for a total transaction of $583,543.80.
On Wednesday, May 17th, Shravan Goli sold 46,482 shares of Coursera stock. The stock was sold at an average price of $11.55, for a total transaction of $536,867.10.
On Monday, May 15th, Shravan Goli sold 28,000 shares of Coursera stock. The stock was sold at an average price of $12.01, for a total transaction of $336,280.00.
On Thursday, May 11th, Shravan Goli sold 1,805 shares of Coursera stock. The stock was sold at an average price of $11.25, for a total transaction of $20,306.25.

Coursera Stock Performance

COUR stock opened at $15.77 on Wednesday. The company’s 50-day simple moving average is $13.21 and its 200 day simple moving average is $12.61. Coursera, Inc. has a 52 week low of $9.81 and a 52 week high of $16.73. The company has a market capitalization of $2.38 billion, a PE ratio of -15.31 and a beta of 1.75.

Coursera (NYSE:COUR – Get Free Report) last released its quarterly earnings results on Thursday, July 27th. The company reported ($0.20) EPS for the quarter, beating the consensus estimate of ($0.26) by $0.06. Coursera had a negative net margin of 26.19% and a negative return on equity of 20.69%. The business had revenue of $153.70 million for the quarter, compared to the consensus estimate of $145.71 million. On average, analysts forecast that Coursera, Inc. will post -0.85 EPS for the current year.

Institutional Investors Weigh In On Coursera

A number of large investors have recently bought and sold shares of COUR. Point72 Hong Kong Ltd acquired a new stake in Coursera during the second quarter worth about $31,000. FMR LLC grew its stake in Coursera by 187.5% during the second quarter. FMR LLC now owns 2,366 shares of the company’s stock worth $34,000 after buying an additional 1,543 shares in the last quarter. Nisa Investment Advisors LLC grew its stake in Coursera by 277.8% during the first quarter. Nisa Investment Advisors LLC now owns 3,740 shares of the company’s stock worth $43,000 after buying an additional 2,750 shares in the last quarter. Point72 Middle East FZE acquired a new stake in Coursera during the fourth quarter worth about $46,000. Finally, Daiwa Securities Group Inc. boosted its stake in shares of Coursera by 108.2% in the 2nd quarter. Daiwa Securities Group Inc. now owns 4,810 shares of the company’s stock valued at $63,000 after purchasing an additional 2,500 shares in the last quarter. 61.00% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

COUR has been the topic of several analyst reports. Telsey Advisory Group reaffirmed an “outperform” rating and set a $20.00 price target on shares of Coursera in a research report on Friday, July 28th. Needham & Company LLC reaffirmed a “buy” rating and set a $19.00 price target on shares of Coursera in a research report on Friday, July 28th. KeyCorp upped their price target on shares of Coursera from $17.00 to $18.00 and gave the stock an “overweight” rating in a research report on Friday, July 28th. Truist Financial increased their price objective on shares of Coursera from $12.00 to $15.00 and gave the company a “hold” rating in a research report on Friday, July 28th. Finally, Cantor Fitzgerald raised shares of Coursera from a “neutral” rating to an “overweight” rating and increased their price objective for the company from $13.00 to $17.00 in a research report on Friday, July 28th. One investment analyst has rated the stock with a hold rating and seven have issued a buy rating to the stock. According to data from MarketBeat, Coursera currently has a consensus rating of “Moderate Buy” and an average price target of $18.78.

About Coursera

(Get Free Report)

Coursera, Inc operates an online educational content platform that connects learners, educators, organizations, and institutions. It offers online courses that include data science, business, computer science, physical science and engineering, language learning, information technology, health, social sciences, math and logic, project management, and arts and humanities; campus student plans; degree courses; and certification education.