Cubist Systematic Strategies LLC raised its position in Coursera, Inc. (NYSE:COUR – Get Rating) by 9.4% in the 3rd quarter, according to its most recent filing with the SEC. The firm owned 163,217 shares of the company's stock after acquiring an additional 14,066 shares during the period. Cubist Systematic Strategies LLC's holdings in Coursera were worth $1,759,000 at the end of the most recent reporting period.
Other hedge funds also recently made changes to their positions in the company. Caledonia Private Investments Pty Ltd lifted its stake in shares of Coursera by 109.9% in the second quarter. Caledonia Private Investments Pty Ltd now owns 5,987,653 shares of the company's stock valued at $84,905,000 after purchasing an additional 3,134,591 shares during the period. Baillie Gifford & Co. lifted its stake in shares of Coursera by 2.8% in the second quarter. Baillie Gifford & Co. now owns 17,908,919 shares of the company's stock valued at $253,949,000 after purchasing an additional 487,539 shares during the period. State Street Corp lifted its stake in shares of Coursera by 33.4% in the second quarter. State Street Corp now owns 1,831,061 shares of the company's stock valued at $25,964,000 after purchasing an additional 458,106 shares during the period. Goldman Sachs Group Inc. lifted its stake in shares of Coursera by 133.7% in the second quarter. Goldman Sachs Group Inc. now owns 800,620 shares of the company's stock valued at $11,353,000 after purchasing an additional 458,008 shares during the period. Finally, Northern Trust Corp lifted its stake in shares of Coursera by 43.3% in the second quarter. Northern Trust Corp now owns 951,069 shares of the company's stock valued at $13,487,000 after purchasing an additional 287,327 shares during the period. Institutional investors and hedge funds own 62.31% of the company's stock.
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Analyst Upgrades and Downgrades
COUR has been the subject of several recent analyst reports. UBS Group raised their price objective on shares of Coursera to $15.00 in a research note on Wednesday, November 16th. Morgan Stanley dropped their target price on shares of Coursera from $18.00 to $17.00 and set an "overweight" rating for the company in a report on Tuesday, October 25th. Finally, Truist Financial dropped their target price on shares of Coursera from $20.00 to $17.00 in a report on Thursday, October 27th. Four investment analysts have rated the stock with a hold rating and five have given a buy rating to the company's stock. According to MarketBeat, Coursera presently has a consensus rating of "Moderate Buy" and a consensus price target of $23.64.
Insider Activity at Coursera
In other Coursera news, Director Andrew Y. Ng sold 40,000 shares of the business's stock in a transaction on Tuesday, November 1st. The shares were sold at an average price of $12.95, for a total transaction of $518,000.00. Following the completion of the sale, the director now owns 7,290,398 shares in the company, valued at $94,410,654.10. The transaction was disclosed in a legal filing with the SEC, which can be accessed through
the SEC website. In related news, Director Andrew Y. Ng sold 40,000 shares of the company's stock in a transaction dated Tuesday, November 1st. The shares were sold at an average price of $12.95, for a total value of $518,000.00. Following the completion of the sale, the director now owns 7,290,398 shares of the company's stock, valued at $94,410,654.10. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through
the SEC website. Also, Director Amanda Clark sold 9,598 shares of the company's stock in a transaction dated Thursday, November 17th. The stock was sold at an average price of $13.79, for a total transaction of $132,356.42. Following the completion of the sale, the director now directly owns 55,752 shares of the company's stock, valued at approximately $768,820.08. The disclosure for this sale can be found
here.
Coursera Stock Performance
Coursera stock traded up $0.07 during trading on Thursday, reaching $13.30. The company had a trading volume of 4,157 shares, compared to its average volume of 563,924. Coursera, Inc. has a 12-month low of $9.81 and a 12-month high of $24.01. The stock's 50 day moving average price is $12.95 and its two-hundred day moving average price is $12.91. The firm has a market capitalization of $1.95 billion, a price-to-earnings ratio of -11.02 and a beta of 1.41.
Coursera (NYSE:COUR – Get Rating) last posted its earnings results on Wednesday, October 26th. The company reported ($0.25) EPS for the quarter, topping analysts' consensus estimates of ($0.26) by $0.01. Coursera had a negative net margin of 34.51% and a negative return on equity of 23.68%. The business had revenue of $136.39 million for the quarter, compared to analysts' expectations of $128.38 million. As a group, research analysts expect that Coursera, Inc. will post -1.13 earnings per share for the current year.
Coursera Company Profile
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Coursera, Inc operates an online educational content platform that connects learners, educators, organizations, and institutions. It offers online courses that include data science, business, computer science, information technology, health, social sciences, logic, project management, and digital marketing services; campus student plans; degree courses; and certification education.
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