Director Clark Amanda sold 9,598 shares of Coursera Inc. [COUR]


Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Coursera Inc. shares valued at $132,404 were sold by Clark Amanda on Nov 17. At $13.79 per share, Clark Amanda sold 9,598 shares. The insider’s holdings dropped to 55,752 shares worth approximately $0.62 million following the completion of this transaction.

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Also, Ng Andrew Y. sold 40,000 shares, netting a total of over 518,104 in proceeds. Following the sale of shares at $12.95 each, the insider now holds 7,290,398 shares.

Before that, Furniturewala Mustafa S. had sold 2,156 shares from its account. In a trade valued at $25,224, the SVP, Engineering traded Coursera Inc. shares for $11.70 each. Upon closing the transaction, the insider’s holdings decreased to 2,156 shares, worth approximately $4.1 million.

As published in a research note from Truist on February 27, 2023, Coursera Inc. [COUR] has been rated down from a Buy to a Hold and the price target has been revised to $12 from $17.50. This represents a 7.92% premium over Thursday’s closing price. Analysts at Cantor Fitzgerald downgraded the stock from ‘”an Overweight”‘ to ‘”a Neutral”‘ outlook in a report released in early February. As of July 29, 2022, UBS has decreased its “Buy” rating to a “Neutral” for COUR. Earlier on July 28, 2022, Stifel downgraded its rating. Their new recommendation was “a Hold” for COUR stock which previously was a “a Buy”.

Analyzing COUR Stock Performance

On Thursday, Coursera Inc. [NYSE: COUR] rose 0.18% to $11.05. The stock’s lowest price that day was $10.75, but it reached a high of $11.26 in the same session. During the last five days, there has been a drop of approximately -13.13%. Over the course of the year, Coursera Inc. shares have dropped approximately -6.59%. Shares of the company reached a 52-week high of $16.73 on 02/02/23 and a 52-week low of $10.75 on 03/02/23. A 50-day SMA is recorded $13.43, while a 200-day SMA reached $13.57. Nevertheless, trading volume fell to 1.01 million shares from 1.21 million shares the previous day.

Support And Resistance Levels for Coursera Inc. (COUR)

According to the 24-hour chart, there is a support level at 10.78, which, if violated, would cause prices to drop to 10.51. In the upper region, resistance lies at 11.29. The next price resistance is at 11.53. RSI (Relative Strength Index) is 30.04 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -1.77, which suggests the price will decrease in the coming days. Percent R is at 94.14%, indicating bearish price movement. Stochastics %K at buying indicates that the stock is to be held.

Is Coursera Inc. subject to short interest?

Stocks of Coursera Inc. saw a sharp steep in short interest on Jan 30, 2023 dropping by -0.26 million shares to 3.31 million. Data from Yahoo Finance shows that the short interest on Dec 29, 2022 was 3.57 million shares. A decline of -7.85% in short interest reflects a negative sentiment towards the stock. Despite the fact that short shares comprise just 5.85 of the overall float, the days-to-cover ratio (short ratio) decline to 5.85.

Which companies own the most shares of Coursera Inc. (COUR)?

According to Baillie Gifford & Co. filings, the company currently owns 18,106,696 shares, which is about 12.35% of the total COUR shares outstanding. The investor’s shares have appreciated by 176,806 from its previous 13-F filing of 17929890.0 shares. With the completion of the buy transaction, Norges Bank Investment Management’s stake is now worth $185,519,363. The Vanguard Group, Inc. reduced a -3.80% interest valued at $137.85 million while Caledonia sold a -172,086 stake. A total of 172,782 shares of Coursera Inc. were sold by BlackRock Fund Advisors during the quarter, and 714,463 were bought by Eventide Asset Management LLC. In its current portfolio, SSgA Funds Management, Inc. holds 1,944,886 shares valued at $31.02 million.


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