Coursera, Inc. (NYSE:COUR – Get Free Report) was the recipient of a large growth in short interest in the month of September. As of September 30th, there was short interest totalling 9,370,000 shares, a growth of 13.3% from the September 15th total of 8,270,000 shares. Currently, 7.2% of the shares of the company are short sold. Based on an average daily trading volume, of 2,320,000 shares, the days-to-cover ratio is presently 4.0 days.
Insider Activity
In other news, Director Andrew Y. Ng sold 6,221 shares of the stock in a transaction on Wednesday, September 18th. The stock was sold at an average price of $8.03, for a total transaction of $49,954.63. Following the transaction, the director now directly owns 7,297,671 shares of the company’s stock, valued at $58,600,298.13. This represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. In related news, SVP Alan B. Cardenas sold 6,285 shares of the firm’s stock in a transaction on Monday, August 19th. The stock was sold at an average price of $8.27, for a total value of $51,976.95. Following the transaction, the senior vice president now directly owns 207,434 shares of the company’s stock, valued at approximately $1,715,479.18. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Andrew Y. Ng sold 6,221 shares of the firm’s stock in a transaction on Wednesday, September 18th. The stock was sold at an average price of $8.03, for a total value of $49,954.63. Following the completion of the transaction, the director now directly owns 7,297,671 shares in the company, valued at approximately $58,600,298.13. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 39,068 shares of company stock valued at $324,787 in the last ninety days. 16.30% of the stock is currently owned by company insiders.
Institutional Inflows and Outflows
Institutional investors have recently made changes to their positions in the company. Goldman Sachs Group Inc. grew its position in Coursera by 38.7% in the fourth quarter. Goldman Sachs Group Inc. now owns 2,475,585 shares of the company’s stock worth $47,952,000 after acquiring an additional 690,931 shares in the last quarter. Vanguard Group Inc. grew its position in Coursera by 5.1% in the fourth quarter. Vanguard Group Inc. now owns 11,151,684 shares of the company’s stock worth $216,008,000 after acquiring an additional 536,890 shares in the last quarter. Moody National Bank Trust Division grew its position in Coursera by 11.4% in the first quarter. Moody National Bank Trust Division now owns 27,451 shares of the company’s stock worth $385,000 after acquiring an additional 2,804 shares in the last quarter. Hussman Strategic Advisors Inc. purchased a new position in Coursera in the first quarter worth about $2,355,000. Finally, Mutual of America Capital Management LLC grew its position in Coursera by 84.5% in the first quarter. Mutual of America Capital Management LLC now owns 227,616 shares of the company’s stock worth $3,191,000 after acquiring an additional 104,236 shares in the last quarter. Hedge funds and other institutional investors own 89.55% of the company’s stock.
Analysts Set New Price Targets
Get Our Latest Stock Report on COUR
Coursera Stock Down 2.1 %
Shares of Coursera stock opened at $7.44 on Thursday. The firm has a market cap of $1.16 billion, a price-to-earnings ratio of -10.78 and a beta of 1.42. The business has a 50-day moving average price of $7.87 and a 200-day moving average price of $8.56. Coursera has a twelve month low of $6.35 and a twelve month high of $21.26.
Coursera (NYSE:COUR – Get Free Report) last issued its quarterly earnings data on Thursday, July 25th. The company reported $0.09 earnings per share for the quarter, beating analysts’ consensus estimates of $0.01 by $0.08. The firm had revenue of $170.30 million during the quarter, compared to analyst estimates of $164.67 million. Coursera had a negative return on equity of 13.92% and a negative net margin of 14.35%. The business’s quarterly revenue was up 10.8% compared to the same quarter last year. During the same quarter last year, the business posted ($0.20) earnings per share. On average, equities analysts expect that Coursera will post -0.44 EPS for the current fiscal year.
Coursera Company Profile
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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