Coursera, Inc. (NYSE:COUR - Get Free Report) Director Amanda Clark sold 1,562 shares of the stock in a transaction that occurred on Friday, November 15th. The shares were sold at an average price of $7.16, for a total value of $11,183.92. Following the sale, the director now owns 73,142 shares of the company's stock, valued at approximately $523,696.72. The trade was a 2.09 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.
Coursera Stock Performance
Shares of NYSE COUR opened at $6.84 on Wednesday. The firm has a market capitalization of $1.08 billion, a PE ratio of -13.41 and a beta of 1.44. The stock's 50-day simple moving average is $7.51 and its 200-day simple moving average is $7.69. Coursera, Inc. has a fifty-two week low of $6.29 and a fifty-two week high of $21.26.
Institutional Investors Weigh In On Coursera
A number of large investors have recently bought and sold shares of COUR. CWM LLC boosted its position in shares of Coursera by 7,568.6% in the second quarter. CWM LLC now owns 3,911 shares of the company's stock worth $28,000 after acquiring an additional 3,860 shares during the last quarter. Natixis purchased a new position in Coursera in the 1st quarter worth approximately $35,000. FMR LLC increased its stake in Coursera by 67.6% during the 3rd quarter. FMR LLC now owns 6,574 shares of the company's stock worth $52,000 after buying an additional 2,651 shares during the period. Covestor Ltd lifted its stake in shares of Coursera by 72.9% in the first quarter. Covestor Ltd now owns 4,378 shares of the company's stock worth $61,000 after acquiring an additional 1,846 shares in the last quarter. Finally, nVerses Capital LLC increased its stake in shares of Coursera by 26.1% in the second quarter. nVerses Capital LLC now owns 8,700 shares of the company's stock worth $62,000 after buying an additional 1,800 shares during the last quarter. Institutional investors and hedge funds own 89.55% of the company's stock.
Analysts Set New Price Targets
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COUR has been the subject of a number of recent research reports. Royal Bank of Canada reduced their price target on Coursera from $18.00 to $10.00 and set an "outperform" rating for the company in a research report on Friday, October 25th. Morgan Stanley decreased their price target on shares of Coursera from $15.00 to $10.00 and set an "overweight" rating for the company in a research report on Friday, October 25th. Bank of America began coverage on Coursera in a research report on Thursday, September 19th. They issued a "buy" rating and a $11.00 target price for the company. BMO Capital Markets cut their price objective on shares of Coursera from $10.00 to $9.00 and set an "outperform" rating on the stock in a report on Friday, October 25th. Finally, Needham & Company LLC lowered their price target on shares of Coursera from $15.00 to $11.00 and set a "buy" rating on the stock in a report on Friday, October 25th. One equities research analyst has rated the stock with a sell rating, one has given a hold rating and nine have issued a buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus price target of $10.93.
View Our Latest Research Report on COUR
Coursera Company Profile
(
Get Free Report)
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.
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