Aspiriant LLC Sells 4,812 Shares of Coursera, Inc. (NYSE:COUR)

Aspiriant LLC reduced its holdings in shares of Coursera, Inc. (NYSE:COUR) by 21.4% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 17,661 shares of the company’s stock after selling 4,812 shares during the quarter. Aspiriant LLC’s holdings in Coursera were worth $248,000 as of its most recent SEC filing.

Other hedge funds have also bought and sold shares of the company. Moody National Bank Trust Division increased its position in Coursera by 11.4% in the first quarter. Moody National Bank Trust Division now owns 27,451 shares of the company’s stock worth $385,000 after buying an additional 2,804 shares during the last quarter. Vanguard Group Inc. increased its position in Coursera by 5.1% in the fourth quarter. Vanguard Group Inc. now owns 11,151,684 shares of the company’s stock worth $216,008,000 after buying an additional 536,890 shares during the last quarter. Goldman Sachs Group Inc. increased its position in Coursera by 38.7% in the fourth quarter. Goldman Sachs Group Inc. now owns 2,475,585 shares of the company’s stock worth $47,952,000 after buying an additional 690,931 shares during the last quarter. Eventide Asset Management LLC increased its position in Coursera by 6.6% in the fourth quarter. Eventide Asset Management LLC now owns 3,937,804 shares of the company’s stock worth $76,275,000 after buying an additional 243,894 shares during the last quarter. Finally, Oracle Alpha Inc. purchased a new stake in Coursera in the fourth quarter worth $347,000. 89.55% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of analysts have issued reports on the company. The Goldman Sachs Group decreased their target price on Coursera from $15.00 to $10.50 and set a “sell” rating for the company in a research report on Wednesday, May 1st. Needham & Company LLC reiterated a “buy” rating and issued a $15.00 price target on shares of Coursera in a research report on Friday, May 17th. KeyCorp reduced their price target on Coursera from $24.00 to $20.00 and set an “overweight” rating for the company in a research report on Wednesday, April 24th. Royal Bank of Canada reduced their price target on Coursera from $25.00 to $18.00 and set an “outperform” rating for the company in a research report on Tuesday, April 30th. Finally, Cantor Fitzgerald reduced their price target on Coursera from $26.00 to $21.00 and set an “overweight” rating for the company in a research report on Tuesday, April 30th. One equities 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 stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $16.85.

Coursera Stock Performance

Coursera stock opened at $6.50 on Thursday. The business has a 50-day simple moving average of $8.55 and a 200 day simple moving average of $14.03. Coursera, Inc. has a 52 week low of $6.35 and a 52 week high of $21.26.

Coursera (NYSE:COUR) last issued its quarterly earnings results on Monday, April 29th. The company reported $0.07 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.01 by $0.06. Coursera had a negative return on equity of 16.03% and a negative net margin of 16.05%. The firm had revenue of $169.10 million during the quarter, compared to analyst estimates of $170.43 million. During the same quarter in the previous year, the company posted ($0.24) earnings per share. The company’s revenue was up 14.6% compared to the same quarter last year. Analysts forecast that Coursera, Inc. will post -0.45 EPS for the current fiscal year.

Insiders Place Their Bets

In other news, SVP Alan B. Cardenas sold 6,283 shares of the business’s stock in a transaction dated Friday, May 17th. The stock was sold at an average price of $8.56, for a total value of $53,782.48. Following the completion of the sale, the senior vice president now owns 220,589 shares of the company’s stock, valued at approximately $1,888,241.84. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. In other Coursera news, CEO Jeffrey Nacey Maggioncalda sold 50,000 shares of the company’s stock in a transaction that occurred on Thursday, April 11th. The stock was sold at an average price of $13.14, for a total transaction of $657,000.00. Following the completion of the transaction, the chief executive officer now owns 2,227,496 shares of the company’s stock, valued at approximately $29,269,297.44. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, SVP Alan B. Cardenas sold 6,283 shares of the company’s stock in a transaction that occurred on Friday, May 17th. The shares were sold at an average price of $8.56, for a total value of $53,782.48. Following the transaction, the senior vice president now directly owns 220,589 shares of the company’s stock, valued at approximately $1,888,241.84. The disclosure for this sale can be found here. Insiders sold a total of 239,072 shares of company stock valued at $2,688,797 over the last 90 days. Insiders own 16.30% of the company’s stock.

Coursera Company 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.