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 shares were sold at an average price of $7.16, for a total value of $11,183.92. Following the completion of the transaction, the director now owns 73,142 shares of the company’s stock, valued at $523,696.72. This trade represents a 2.09 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website.

Coursera Stock Down 0.4 %

Shares of COUR traded down $0.03 during midday trading on Tuesday, reaching $6.84. 1,425,848 shares of the stock were exchanged, compared to its average volume of 2,232,525. Coursera, Inc. has a 12-month low of $6.29 and a 12-month high of $21.26. The firm has a 50 day simple moving average of $7.53 and a 200-day simple moving average of $7.71. The company has a market cap of $1.08 billion, a price-to-earnings ratio of -13.41 and a beta of 1.44.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in COUR. Swiss National Bank raised its stake in shares of Coursera by 2.0% in the 1st quarter. Swiss National Bank now owns 195,700 shares of the company’s stock valued at $2,744,000 after acquiring an additional 3,900 shares in the last quarter. Sei Investments Co. raised its stake in shares of Coursera by 146.2% in the 1st quarter. Sei Investments Co. now owns 164,087 shares of the company’s stock valued at $2,300,000 after acquiring an additional 97,448 shares in the last quarter. Russell Investments Group Ltd. raised its stake in shares of Coursera by 14.2% in the 1st quarter. Russell Investments Group Ltd. now owns 278,789 shares of the company’s stock valued at $3,909,000 after acquiring an additional 34,652 shares in the last quarter. ProShare Advisors LLC raised its stake in shares of Coursera by 10.3% in the 1st quarter. ProShare Advisors LLC now owns 23,787 shares of the company’s stock valued at $333,000 after acquiring an additional 2,224 shares in the last quarter. Finally, Vanguard Group Inc. raised its stake in shares of Coursera by 2.3% in the 1st quarter. Vanguard Group Inc. now owns 11,405,792 shares of the company’s stock valued at $159,909,000 after acquiring an additional 254,108 shares in the last quarter. 89.55% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

COUR has been the subject of a number of recent analyst reports. Morgan Stanley decreased their price target on Coursera from $15.00 to $10.00 and set an “overweight” rating for the company in a research report on Friday, October 25th. Royal Bank of Canada decreased their price objective on Coursera from $18.00 to $10.00 and set an “outperform” rating for the company in a research report on Friday, October 25th. KeyCorp decreased their price objective on Coursera from $12.00 to $11.00 and set an “overweight” rating for the company in a research report on Friday, October 25th. Bank of America assumed coverage on Coursera in a research report on Thursday, September 19th. They set a “buy” rating and a $11.00 price objective for the company. Finally, The Goldman Sachs Group decreased their price objective on Coursera from $9.00 to $7.25 and set a “sell” rating for the company in a research report on Friday, October 25th. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating and nine have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has an average 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.