Coursera, Inc. (NYSE:COUR – Get Free Report) SVP Alan B. Cardenas sold 2,807 shares of the firm’s stock in a transaction dated Monday, August 28th. The stock was sold at an average price of $17.00, for a total value of $47,719.00. Following the sale, the senior vice president now owns 193,038 shares of the company’s stock, valued at $3,281,646. The sale was disclosed in a document filed with the SEC, which is available at the SEC website.
Coursera Stock Performance
Shares of COUR stock opened at $17.00 on Wednesday. The stock’s 50 day simple moving average is $14.44 and its 200 day simple moving average is $12.79. Coursera, Inc. has a twelve month low of $9.81 and a twelve month high of $17.07. The company has a market capitalization of $2.54 billion, a price-to-earnings ratio of -16.50 and a beta of 1.81.
Coursera (NYSE:COUR – Get Free Report) last issued its quarterly earnings data on Thursday, July 27th. The company reported ($0.20) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.26) by $0.06. Coursera had a negative return on equity of 21.21% and a negative net margin of 26.19%. 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 -0.76 EPS for the current fiscal year.
Wall Street Analysts Forecast Growth
Get Our Latest Stock Report on COUR
Institutional Inflows and Outflows
Several institutional investors have recently added to or reduced their stakes in the business. Alliancebernstein L.P. increased its position in Coursera by 1.8% in the 2nd quarter. Alliancebernstein L.P. now owns 128,996 shares of the company’s stock worth $1,680,000 after buying an additional 2,296 shares during the period. Wells Fargo & Company MN increased its position in Coursera by 131.5% in the 2nd quarter. Wells Fargo & Company MN now owns 57,186 shares of the company’s stock worth $745,000 after buying an additional 32,479 shares during the period. Goldman Sachs Group Inc. increased its position in Coursera by 21.3% in the 2nd quarter. Goldman Sachs Group Inc. now owns 1,346,460 shares of the company’s stock worth $17,531,000 after buying an additional 236,474 shares during the period. Polar Asset Management Partners Inc. increased its position in Coursera by 18.6% in the 2nd quarter. Polar Asset Management Partners Inc. now owns 840,495 shares of the company’s stock worth $10,943,000 after buying an additional 132,000 shares during the period. Finally, Royal Bank of Canada increased its position in Coursera by 12.8% in the 2nd quarter. Royal Bank of Canada now owns 82,603 shares of the company’s stock worth $1,075,000 after buying an additional 9,384 shares during the period. 64.36% of the stock is owned by institutional investors.
About Coursera
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.
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