Coursera, Inc. (NYSE:COUR) Shares Sold by Strs Ohio

Strs Ohio trimmed its holdings in Coursera, Inc. (NYSE:COUR) by 3.1% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 49,500 shares of the company’s stock after selling 1,600 shares during the period. Strs Ohio’s holdings in Coursera were worth $958,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also recently added to or reduced their stakes in the business. Mutual of America Capital Management LLC acquired a new stake in Coursera in the 4th quarter valued at about $2,390,000. Aspiriant LLC lifted its holdings in shares of Coursera by 90.8% during the 4th quarter. Aspiriant LLC now owns 22,473 shares of the company’s stock worth $435,000 after acquiring an additional 10,693 shares during the period. Quent Capital LLC purchased a new position in shares of Coursera during the 4th quarter worth about $387,000. Artemis Investment Management LLP lifted its holdings in shares of Coursera by 13.7% during the 4th quarter. Artemis Investment Management LLP now owns 31,209 shares of the company’s stock worth $605,000 after acquiring an additional 3,766 shares during the period. Finally, Moody National Bank Trust Division purchased a new position in shares of Coursera during the 4th quarter worth about $477,000. 89.55% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Coursera

In other news, Director Amanda Clark sold 1,562 shares of the firm’s stock in a transaction that occurred on Thursday, February 15th. The shares were sold at an average price of $16.85, for a total transaction of $26,319.70. Following the completion of the sale, the director now owns 67,252 shares of the company’s stock, valued at $1,133,196.20. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. In other news, CEO Jeffrey Nacey Maggioncalda sold 50,000 shares of the firm’s stock in a transaction that occurred on Monday, January 29th. The shares were sold at an average price of $20.06, for a total transaction of $1,003,000.00. Following the completion of the sale, the chief executive officer now owns 2,551,930 shares of the company’s stock, valued at $51,191,715.80. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Amanda Clark sold 1,562 shares of the firm’s stock in a transaction that occurred on Thursday, February 15th. The stock was sold at an average price of $16.85, for a total transaction of $26,319.70. Following the sale, the director now directly owns 67,252 shares of the company’s stock, valued at approximately $1,133,196.20. The disclosure for this sale can be found here. Insiders sold 653,932 shares of company stock valued at $10,054,814 over the last 90 days. 15.90% of the stock is owned by corporate insiders.

Analyst Ratings Changes

Several research analysts have recently weighed in on the stock. William Blair reiterated an “outperform” rating on shares of Coursera in a report on Friday, February 2nd. Telsey Advisory Group increased their target price on shares of Coursera from $24.00 to $25.00 and gave the stock an “outperform” rating in a research report on Friday, February 2nd. Cantor Fitzgerald reissued an “overweight” rating and set a $26.00 target price on shares of Coursera in a research report on Wednesday, April 17th. Truist Financial increased their target price on shares of Coursera from $17.00 to $20.00 and gave the stock a “hold” rating in a research report on Friday, February 2nd. Finally, Royal Bank of Canada reissued an “outperform” rating and set a $25.00 target price on shares of Coursera in a research report on Friday, February 2nd. One research analyst has rated the stock with a sell rating, two have given a hold rating and eight have assigned a buy rating to the company. According to MarketBeat, Coursera presently has a consensus rating of “Moderate Buy” and a consensus price target of $22.10.

Coursera Stock Down 0.9 %

Shares of NYSE:COUR opened at $12.12 on Wednesday. Coursera, Inc. has a 52-week low of $9.91 and a 52-week high of $21.26. The company has a 50 day moving average of $14.47 and a two-hundred day moving average of $17.45. The company has a market capitalization of $1.91 billion, a price-to-earnings ratio of -15.73 and a beta of 1.48.

Coursera (NYSE:COUR) last issued its quarterly earnings data on Thursday, February 1st. The company reported ($0.12) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.17) by $0.05. Coursera had a negative net margin of 18.33% and a negative return on equity of 18.15%. The company had revenue of $168.88 million during the quarter, compared to the consensus estimate of $163.64 million. On average, equities analysts anticipate that Coursera, Inc. will post -0.47 earnings per share for the current year.

About Coursera

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.