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 stock in a transaction on Friday, November 15th. The stock was sold at an average price of $7.16, for a total value of $11,183.92. Following the completion of the sale, the director now directly owns 73,142 shares in the company, valued at $523,696.72. This represents a 2.09 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.

Coursera Trading Down 0.4 %

COUR stock traded down $0.03 during trading hours on Tuesday, hitting $6.84. 1,425,848 shares of the stock traded hands, compared to its average volume of 2,232,525. The stock has a 50-day simple moving average of $7.53 and a 200 day simple moving average of $7.71. 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 $1.08 billion, a P/E ratio of -13.41 and a beta of 1.44.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of the company. Geode Capital Management LLC boosted its stake in Coursera by 7.3% during the third quarter. Geode Capital Management LLC now owns 2,922,953 shares of the company’s stock valued at $23,214,000 after buying an additional 199,050 shares in the last quarter. Barclays PLC boosted its stake in Coursera by 24.4% during the third quarter. Barclays PLC now owns 962,122 shares of the company’s stock valued at $7,640,000 after buying an additional 188,911 shares in the last quarter. XTX Topco Ltd boosted its stake in Coursera by 19.0% during the third quarter. XTX Topco Ltd now owns 99,474 shares of the company’s stock valued at $790,000 after buying an additional 15,891 shares in the last quarter. Zacks Investment Management boosted its stake in Coursera by 9.6% during the third quarter. Zacks Investment Management now owns 83,448 shares of the company’s stock valued at $663,000 after buying an additional 7,334 shares in the last quarter. Finally, State Street Corp boosted its stake in Coursera by 2.2% during the third quarter. State Street Corp now owns 2,947,168 shares of the company’s stock valued at $23,401,000 after buying an additional 63,549 shares in the last quarter. Institutional investors own 89.55% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have weighed in on the company. Needham & Company LLC dropped their target price on Coursera from $15.00 to $11.00 and set a “buy” rating on the stock in a research report on Friday, October 25th. Cantor Fitzgerald dropped their target price on Coursera from $22.00 to $10.00 and set an “overweight” rating on the stock in a research report on Friday, October 25th. KeyCorp dropped their target price on Coursera from $12.00 to $11.00 and set an “overweight” rating on the stock in a research report on Friday, October 25th. The Goldman Sachs Group dropped their target price on Coursera from $9.00 to $7.25 and set a “sell” rating on the stock in a research report on Friday, October 25th. Finally, 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 on the stock. One investment analyst has rated the stock with a sell rating, one has given a hold rating and nine have assigned a buy rating to the company’s stock. According to MarketBeat, Coursera currently has a consensus rating of “Moderate Buy” and a consensus price target of $10.93.

About Coursera

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.