Recent Insider Activity Could Benefit Coursera Inc (COUR)

In a filing, Coursera Inc revealed its President & CEO Maggioncalda Jeffrey Nacey unloaded Company’s shares for reported $0.8 million on Feb 29 ’24. In the deal valued at $15.94 per share,50,000 shares were sold. As a result of this transaction, Maggioncalda Jeffrey Nacey now holds 2,377,496 shares worth roughly $35.5 million.

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Then, Belsky Leah F. sold 42,756 shares, generating $696,589 in total proceeds. Upon selling the shares at $16.29, the Chief Revenue Officer now owns 837,338 shares.

Before that, Ng Andrew Y. sold 25,000 shares. Coursera Inc shares valued at $405,442 were divested by the Director at a price of $16.22 per share. As a result of the transaction, Ng Andrew Y. now holds 7,083,074 shares, worth roughly $105.75 million.

Goldman downgraded its Coursera Inc [COUR] rating to a Sell from a a Neutral in a research note published on January 19, 2024; the price target was decreased to $14 from $18. A number of analysts have revised their coverage, including BMO Capital Markets’s analysts, who began to cover the stock in mid October with a ‘”an Outperform”‘ rating. Cantor Fitzgerald also remained covering COUR and has increased its forecast on July 28, 2023 with a “an Overweight” recommendation from previously “Neutral” rating. Truist revised its rating on February 27, 2023. It rated COUR as “a Hold” which previously was an “a Buy”.

Price Performance Review of COUR

On Monday, Coursera Inc [NYSE:COUR] saw its stock fall -1.58% to $14.93. Over the last five days, the stock has lost -2.99%. Coursera Inc shares have fallen nearly -22.92% since the year began. Nevertheless, the stocks have risen 27.28% over the past one year. While a 52-week high of $21.26 was reached on 01/29/24, a 52-week low of $9.91 was recorded on 03/06/24. SMA at 50 days reached $17.78, while 200 days put it at $16.97. A total of 0.9 million shares were traded, compared to the trading of 1.32 million shares in the previous session.

Levels Of Support And Resistance For COUR Stock

The 24-hour chart illustrates a support level at 14.77, which if violated will result in even more drops to 14.61. On the upside, there is a resistance level at 15.21. A further resistance level may holdings at 15.50. The Relative Strength Index (RSI) on the 14-day chart is 28.23, which indicates oversold technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.66, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 94.76%. Stochastics %K at 10.38% indicates the stock is a buying.

How much short interest is there in Coursera Inc?

A steep rise in short interest was recorded in Coursera Inc stocks on Feb 29, 2024, growing by 1.63 million shares to a total of 5.54 million shares. Yahoo Finance data shows the prior-month short interest on Jan 31, 2024 was 3.91 million shares. There was a rise of 29.42%, which implies that there is a positive sentiment for the stock. In spite of short shares comprising just 4.71% of the overall stock float, the days-to-cover ratio (short ratio) rose to 2.79.

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