Fox Run Management L.L.C. lessened its holdings in shares of Coursera, Inc. (NYSE:COUR – Free Report) by 49.7% in the first quarter, according to its most recent filing with the SEC. The firm owned 37,946 shares of the company’s stock after selling 37,459 shares during the period. Fox Run Management L.L.C.’s holdings in Coursera were worth $253,000 as of its most recent filing with the SEC.
A number of other large investors also recently made changes to their positions in COUR. Nuveen LLC bought a new position in shares of Coursera in the 1st quarter worth $7,764,000. Aigen Investment Management LP boosted its holdings in Coursera by 205.6% during the first quarter. Aigen Investment Management LP now owns 44,700 shares of the company’s stock worth $298,000 after buying an additional 30,072 shares during the last quarter. Invesco Ltd. grew its position in shares of Coursera by 27.1% during the 1st quarter. Invesco Ltd. now owns 152,407 shares of the company’s stock worth $1,015,000 after buying an additional 32,456 shares during the period. Connor Clark & Lunn Investment Management Ltd. increased its stake in shares of Coursera by 1.1% in the 1st quarter. Connor Clark & Lunn Investment Management Ltd. now owns 682,585 shares of the company’s stock valued at $4,546,000 after acquiring an additional 7,377 shares during the last quarter. Finally, Deutsche Bank AG raised its position in shares of Coursera by 7.7% in the 1st quarter. Deutsche Bank AG now owns 1,986,750 shares of the company’s stock valued at $13,232,000 after acquiring an additional 141,745 shares during the period. Institutional investors and hedge funds own 89.55% of the company’s stock.
Coursera Trading Down 1.2%
COUR stock opened at $11.3450 on Thursday. The stock has a 50-day moving average price of $9.89 and a two-hundred day moving average price of $8.56. Coursera, Inc. has a 1 year low of $5.76 and a 1 year high of $13.56. The stock has a market cap of $1.83 billion, a PE ratio of -34.38 and a beta of 1.40.
Insider Activity at Coursera
In other news, CAO Michele M. Meyers sold 2,500 shares of Coursera stock in a transaction that occurred on Friday, August 15th. The shares were sold at an average price of $11.94, for a total value of $29,850.00. Following the sale, the chief accounting officer directly owned 241,295 shares in the company, valued at $2,881,062.30. This trade represents a 1.03% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Kenneth R. Hahn sold 25,000 shares of the stock in a transaction on Friday, August 15th. The stock was sold at an average price of $11.92, for a total transaction of $298,000.00. Following the transaction, the chief financial officer owned 1,050,853 shares of the company’s stock, valued at $12,526,167.76. The trade was a 2.32% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 115,000 shares of company stock worth $1,363,100 in the last 90 days. Company insiders own 16.80% of the company’s stock.
Wall Street Analyst Weigh In
A number of equities analysts have recently weighed in on the stock. KeyCorp reissued an “overweight” rating and set a $12.00 price target (up from $11.00) on shares of Coursera in a research report on Friday, July 25th. Scotiabank lifted their target price on Coursera from $9.00 to $11.00 and gave the stock a “sector perform” rating in a report on Friday, July 25th. Bank of America upgraded Coursera from an “underperform” rating to a “neutral” rating and increased their price target for the stock from $7.00 to $12.00 in a report on Friday, July 25th. Royal Bank Of Canada raised their price target on Coursera from $10.00 to $13.00 and gave the stock an “outperform” rating in a research report on Friday, July 25th. Finally, Zacks Research lowered Coursera from a “strong-buy” rating to a “hold” rating in a research report on Monday. Seven research analysts have rated the stock with a Buy rating, six have given a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, Coursera currently has an average rating of “Hold” and an average target price of $11.40.
Check Out Our Latest Analysis on Coursera
Coursera Profile
Coursera, Inc operates an online educational content platform in the United States, Europe, Africa, the Asia Pacific, the Middle East, and internationally. It operates in three segments: Consumer, Enterprise, and Degrees. The company offers guided projects, courses, and specializations, as well as online degrees; and certificates for entry-level professional, non-entry level professional, university, and MasterTrack.
Recommended Stories
- Five stocks we like better than Coursera
- What Are Treasury Bonds?
- Lowe’s Builds Value for Investors: Still a Good Buy in 2025
- How to Evaluate a Stock Before Buying
- Jackson Hole 2025: Fed’s Signal Could Shift Stocks Fast
- How to Capture the Benefits of Dividend Increases
- Rocket Lab Stock: Breakout Brewing or Time for Patience?
Want to see what other hedge funds are holding COUR? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Coursera, Inc. (NYSE:COUR – Free Report).
Receive News & Ratings for Coursera Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Coursera and related companies with MarketBeat.com's FREE daily email newsletter.