Pale fire capital buys $11.3m in Coursera (COUR) stock

Pale Fire Capital, a prominent investor, recently bolstered its stake in Coursera, a leading online learning platform, by purchasing approximately $11.3 million worth of the company's shares. This significant move came on September 25 and September 29, 2026, with the firm acquiring 2,332,742 shares at a price ranging from $4.6062 to $5.0639 per share.

The timing of this investment is particularly noteworthy, as Coursera's shares are currently trading at $4.67, just above their 52-week low of $4.53. InvestingPro analysis suggests that the stock is undervalued, with a Fair Value of $6.92, and has been placed on the platform's Most Undervalued list. The company's shares have experienced a substantial decline of 60% over the past year.

Pale Fire Capital holds a total of 28,806,415 shares of Coursera, as reported in a recent Form 4 filing. The company's performance has been robust, with a significant rise in its second-quarter revenue to $299 million, surpassing the forecasted $293.72 million. This growth was largely driven by the integration of Udemy, following Coursera's acquisition of the company.

Analysts at Goldman Sachs have upgraded Coursera's stock rating from "Sell" to "Neutral," attributing this change to the improved operating estimates post-acquisition. The company's gross margin has also widened, signaling enhanced financial health.