Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Coursera Inc shares valued at $298,840 were sold by Ng Andrew Y. on Apr 17 ’24. At $11.95 per share, Ng Andrew Y. sold 25,000 shares. The insider’s holdings dropped to 7,033,074 shares worth approximately $83.69 million following the completion of this transaction.
Also, Ng Andrew Y. sold 50,000 shares, netting a total of over 604,490 in proceeds. Following the sale of shares at $12.09 each, the insider now holds 7,058,074 shares.
Before that, Maggioncalda Jeffrey Nacey had sold 50,000 shares from its account. In a trade valued at $656,760, the President & CEO traded Coursera Inc shares for $13.14 each. Upon closing the transaction, the insider’s holdings decreased to 50,000 shares, worth approximately $26.51 million.
As published in a research note from Goldman on January 19, 2024, Coursera Inc [COUR] has been rated down from a Neutral to a Sell and the price target has been revised to $14 from $18. Analysts at BMO Capital Markets started covering the stock with ‘”an Outperform”‘ outlook in a report released in mid October. As of July 28, 2023, Cantor Fitzgerald has increased its “Neutral” rating to a “an Overweight” for COUR. Earlier on February 27, 2023, Truist downgraded its rating. Their new recommendation was “a Hold” for COUR stock which previously was a “a Buy”.
Analyzing COUR Stock Performance
During the last five days, there has been a drop of approximately -9.23%. Over the course of the year, Coursera Inc shares have dropped approximately -38.56%. Shares of the company reached a 52-week high of $20.73 on 01/29/24 and a 52-week low of $11.76 on 04/18/24. A 50-day SMA is recorded $14.87, while a 200-day SMA reached $17.07. Nevertheless, trading volume fell to 2.26 million shares from 2.54 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 11.72, which, if violated, would cause prices to drop to 11.55. In the upper region, resistance lies at 12.11. The next price resistance is at 12.33. RSI (Relative Strength Index) is 18.15 on the 14-day chart, showing oversold technical sentiment. Moving Average Convergence Divergence (MACD) is at -1.19, which suggests the price will decrease in the coming days. Percent R is at 94.12%, indicating bearish price movement. Stochastics %K at buying indicates that the stock is to be held.
