COUR Stock: Insider Activity, Filings & Research

Coursera, Inc. (COUR) — Drillr’s hub for COUR insider activity, SEC filings, earnings signals and AI research. Over the trailing 3 months, COUR insiders filed 0 open-market buys and 12 sales (SEC Form 4).

Sentiment

0/100

Buys (3m)

Sells (3m)

Net (3m)

-$10.6M

Insider trades by month Buys Sells

Sep

Oct

Dec

Feb

May

Jun

Context3-month price -18.4%Institutions accumulating (13F)

Date	Insider	Type	Shares	Price
Jun 1, 2026	Insight Holdings Group, LLC10 percent owner	Sell	18,363	$5.41
Jun 1, 2026	Insight Holdings Group, LLC10 percent owner	Sell	6,719	$5.41
Jun 1, 2026	Insight Holdings Group, LLC10 percent owner	Sell	38,073	$5.24
Jun 1, 2026	Insight Holdings Group, LLC10 percent owner	Sell	127,799	$5.41
Jun 1, 2026	Insight Holdings Group, LLC10 percent owner	Sell	59,179	$5.24
Jun 1, 2026	Insight Holdings Group, LLC10 percent owner	Sell	21,655	$5.24
Jun 1, 2026	Insight Holdings Group, LLC10 percent owner	Sell	290,305	$5.41
Jun 1, 2026	Insight Holdings Group, LLC10 percent owner	Sell	11,814	$5.41
Jun 1, 2026	Insight Holdings Group, LLC10 percent owner	Sell	935,596	$5.24
Jun 1, 2026	Insight Holdings Group, LLC10 percent owner	Sell	411,869	$5.24
May 20, 2026	Insight Holdings Group, LLC10 percent owner	Sell	78,628	$5.69
May 19, 2026	Hart Gregory M.director, officer: President & CEO	Tax	46,069	$5.28
May 19, 2026	Cardenas Alan Bofficer: SVP, General Counsel	Sell	9,139	$5.52
May 19, 2026	Modica Marceloofficer: SVP, Chief People Officer	Tax	935	$5.28
May 19, 2026	Modica Marceloofficer: SVP, Chief People Officer	Tax	11,241	$5.28

Source: COUR SEC Form 4 filings, latest Jun 1, 2026. For informational purposes only — not investment advice.

Overview

Coursera, Inc. (NASDAQ:COUR) is an online education platform founded in 2011 by Stanford University computer science professors Andrew Ng and Daphne Koller. Originally incorporated as Dkandu, Inc., the company changed its name to Coursera in April 2012 and went public in March 2021. Headquartered in Mountain View, California, Coursera has grown from a startup focused on making university courses accessible online to a comprehensive learning platform serving over 160 million registered learners worldwide. The company connects learners with educational content from universities, companies, and other institutions, offering everything from individual courses to full degree programs and professional certificates.

Business

Coursera operates in the online education and professional training industry, which has experienced significant growth as traditional learning models shift toward digital platforms. The company's core mission is democratizing access to high-quality education by partnering with leading universities and industry organizations to deliver courses, certificates, and degree programs through its web-based platform. The company's business is organized into three main segments: Consumer Segment (approximately 58% of revenue): This includes individual learners who pay for courses, specializations, and professional certificates. The segment encompasses both historical consumer products like individual course purchases and subscriptions to Coursera Plus, which provides unlimited access to thousands of courses for a monthly or annual fee. Professional certificates, which are job-focused credential programs developed with companies like Google, IBM, and Meta, represent a significant growth driver within this segment. Enterprise Segment (approximately 35% of revenue): This serves three distinct customer types - Coursera for Business provides corporate training solutions for companies looking to upskill their workforce; Coursera for Government offers workforce development programs for public sector organizations; and Coursera for Campus helps universities integrate online learning into their curricula and offer continuing education programs. Degrees Segment (approximately 7% of revenue): This segment facilitates fully online bachelor's and master's degree programs from accredited universities. Students can earn legitimate degrees entirely through Coursera's platform, with the company handling the technology infrastructure while university partners provide the academic content and credentials. The platform leverages artificial intelligence extensively, offering features like automated translations in over 20 languages, AI-powered learning assistants called Coursera Coach, and content creation tools. The company has also invested heavily in generative AI courses, with over 500 AI-related courses available as organizations worldwide seek to train their workforce on emerging technologies.

Revenue model

Coursera generates revenue through multiple business models across its three segments. In the Consumer segment, the company earns money through subscription fees for Coursera Plus (unlimited access to courses), individual course purchases, and professional certificate programs that typically cost between $39-79 per month. Professional certificates have become particularly lucrative as they command premium pricing due to their job-focused nature and industry recognition. The Enterprise segment operates on a software-as-a-service model, charging annual subscription fees based on the number of employees or learners an organization wants to train. Corporate customers pay for seat-based licenses that provide access to curated course catalogs, analytics dashboards, and administrative tools. Government contracts often involve larger, multi-year deals for workforce development initiatives. The Degrees segment generates revenue through tuition sharing arrangements with university partners. When students enroll in degree programs delivered through Coursera's platform, the company receives a percentage of the tuition fees, typically ranging from 15-35% depending on the partnership agreement. Several factors influence Coursera's profit margins. Positive margin drivers include the scalable nature of digital content delivery, where additional learners can access courses with minimal incremental costs; the growing mix of higher-margin professional certificates and enterprise subscriptions; and AI-powered automation that reduces content production and translation costs. Negative margin pressures come from increased competition in the online learning space, the need for continuous content updates and new course development, marketing costs to acquire new learners, and revenue sharing arrangements with content partners. Macroeconomic factors also play a role - economic downturns can reduce corporate training budgets but may increase individual demand for reskilling, while tight labor markets can decrease demand for degree programs as people prefer to work rather than study.

Competitive moat

Coursera's competitive moat is moderately strong but not insurmountable, built primarily on network effects and content partnerships rather than proprietary technology. The company's primary competitive advantage lies in its extensive network of prestigious university and industry partners, including Stanford, Yale, Google, IBM, and Meta. These partnerships create a virtuous cycle - high-quality content attracts learners, which in turn attracts more content partners seeking to reach Coursera's large audience. The platform benefits from data network effects, where millions of learners generate usage data that helps improve course recommendations, completion rates, and overall learning outcomes. This data advantage becomes more valuable as the user base grows, making it harder for competitors to replicate the personalized learning experience. However, Coursera's moat faces several challenges. The online education market has low barriers to entry, with competitors like Udemy, LinkedIn Learning, Pluralsight, and edX offering similar services. Large technology companies like Google and Amazon have also launched their own training platforms, potentially bypassing Coursera entirely. The company's content partnerships, while valuable, are not exclusive - the same universities and companies often distribute content through multiple platforms. The rise of artificial intelligence presents both opportunity and threat. While Coursera has invested heavily in AI-powered features, the technology could eventually democratize content creation, reducing the value of traditional content partnerships. Additionally, as AI becomes more sophisticated, learners might prefer direct interaction with AI tutors rather than pre-recorded courses. Coursera's scale advantage of 160+ million registered learners provides some protection, but the company must continuously invest in product innovation and content quality to maintain its position. The moat is strongest in the enterprise segment, where switching costs are higher due to integration complexity and the need for comprehensive analytics and administration tools.

Risks & safety

Coursera maintains a strong financial position with substantial cash reserves and minimal debt, providing significant margin of safety for investors. • Cash and Liquidity: $748 million in cash and short-term investments as of Q1 2025, representing over 4 years of current operating expenses • Debt Level: Minimal debt with debt-to-equity ratio of just 0.5%, indicating very low financial leverage • Solvency Risk: Extremely low given strong balance sheet; current ratio of 2.55x indicates ability to meet short-term obligations • Cash Flow: Positive free cash flow of $33 million in Q1 2025, though the company has historically been cash flow negative or marginally positive • Valuation Metrics: Trading at 1.75x book value and negative EV/EBITDA due to current losses, suggesting potential value if the company achieves profitability • Operating Performance: Company is EBITDA negative but approaching breakeven, with management targeting margin improvements • Other Considerations: Strong competitive position in growing market, but faces execution risk in achieving sustainable profitability while maintaining growth

Recent development

Over the past few years, Coursera has undergone significant strategic evolution, pivoting from a primarily university-focused platform to a comprehensive workforce development solution. The company has dramatically expanded its professional certificate offerings, growing from a handful of programs to nearly 50 certificates across multiple industries, with major partnerships with technology companies like Google, IBM, Meta, and Amazon. The most significant recent development has been Coursera's aggressive investment in artificial intelligence capabilities. The company has launched AI-powered tools including Coursera Coach (a personalized learning assistant), Course Builder (an AI-assisted content creation tool), and automated translation services supporting over 20 languages. These AI initiatives have enabled rapid content scaling - the platform now offers over 500 generative AI courses and has expanded its total catalog to nearly 10,000 courses. In early 2025, Coursera underwent a leadership transition with founder and long-time CEO Jeff Maggioncalda stepping down and Greg Hart taking over as CEO. This change coincided with a strategic restructuring that simplified the business model by merging the consumer and degrees segments, allowing for more focused execution. The company has also shifted its content strategy toward more Coursera-produced content rather than relying solely on partner-created materials. This vertical integration effort aims to improve content quality, reduce revenue sharing costs, and enable faster response to market demands. Additionally, Coursera has expanded its international presence through partnerships with governments and institutions in markets like India and Kazakhstan, while also investing in localized content and geo-specific pricing strategies. Recent quarters have seen the company implementing cost reduction measures, including a 10% workforce reduction in 2024, while simultaneously investing in high-growth areas like AI-powered learning tools and enterprise solutions.

COUR company profile · for informational purposes only — not investment advice.

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