Coursera, Inc. (NYSE:COUR) Stake Trimmed by Marshall Wace LLP

Marshall Wace LLP cut its position in shares of Coursera, Inc. (NYSE:COUR) by 91.5% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 213,476 shares of the company’s stock after selling 2,288,618 shares during the quarter. Marshall Wace LLP owned 0.14% of Coursera worth $1,528,000 at the end of the most recent quarter.

Other hedge funds also recently bought and sold shares of the company. Assenagon Asset Management S.A. acquired a new stake in shares of Coursera during the second quarter valued at approximately $9,525,000. Gilder Gagnon Howe & Co. LLC raised its stake in Coursera by 164.6% during the 4th quarter. Gilder Gagnon Howe & Co. LLC now owns 1,766,369 shares of the company’s stock valued at $34,215,000 after purchasing an additional 1,098,701 shares during the period. Jacobs Levy Equity Management Inc. lifted its holdings in shares of Coursera by 158.6% in the first quarter. Jacobs Levy Equity Management Inc. now owns 1,653,704 shares of the company’s stock valued at $23,185,000 after purchasing an additional 1,014,316 shares in the last quarter. M&G Plc acquired a new stake in shares of Coursera in the second quarter worth $5,048,000. Finally, Goldman Sachs Group Inc. grew its holdings in shares of Coursera by 38.7% during the fourth quarter. Goldman Sachs Group Inc. now owns 2,475,585 shares of the company’s stock valued at $47,952,000 after buying an additional 690,931 shares in the last quarter. 89.55% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Coursera

In related news, SVP Alan B. Cardenas sold 6,285 shares of the company’s stock in a transaction on Monday, August 19th. The shares were sold at an average price of $8.27, for a total transaction of $51,976.95. Following the completion of the sale, the senior vice president now directly owns 207,434 shares of the company’s stock, valued at approximately $1,715,479.18. This represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other Coursera news, Director Andrew Y. Ng sold 6,221 shares of the firm’s stock in a transaction that occurred on Wednesday, September 18th. The stock was sold at an average price of $8.03, for a total value of $49,954.63. Following the sale, the director now owns 7,297,671 shares of the company’s stock, valued at $58,600,298.13. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, SVP Alan B. Cardenas sold 6,285 shares of the company’s stock in a transaction that occurred on Monday, August 19th. The stock was sold at an average price of $8.27, for a total value of $51,976.95. Following the transaction, the senior vice president now owns 207,434 shares of the company’s stock, valued at approximately $1,715,479.18. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 39,068 shares of company stock worth $324,787 over the last 90 days. Insiders own 16.30% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts recently issued reports on COUR shares. Bank of America began coverage on Coursera in a research note on Thursday, September 19th. They issued a “buy” rating and a $11.00 price objective for the company. Needham & Company LLC reissued a “buy” rating and issued a $15.00 price target on shares of Coursera in a research report on Friday, July 26th. Telsey Advisory Group reaffirmed an “outperform” rating and set a $18.00 price objective on shares of Coursera in a research report on Monday, July 22nd. The Goldman Sachs Group dropped their price objective on shares of Coursera from $10.50 to $9.00 and set a “sell” rating on the stock in a research note on Friday, July 26th. Finally, Cantor Fitzgerald raised shares of Coursera to a “strong-buy” rating in a research note on Tuesday, August 13th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating, eight have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $14.73.

Coursera Trading Up 1.3 %

COUR stock opened at $7.72 on Friday. The firm has a market cap of $1.21 billion, a PE ratio of -11.19 and a beta of 1.42. Coursera, Inc. has a 1 year low of $6.35 and a 1 year high of $21.26. The company has a fifty day simple moving average of $8.07 and a 200 day simple moving average of $8.97.

Coursera (NYSE:COUR) last released its quarterly earnings results on Thursday, July 25th. The company reported $0.09 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.01 by $0.08. Coursera had a negative return on equity of 13.92% and a negative net margin of 14.35%. The company had revenue of $170.30 million during the quarter, compared to the consensus estimate of $164.67 million. During the same quarter in the prior year, the company posted ($0.20) EPS. The firm’s revenue was up 10.8% on a year-over-year basis. As a group, analysts forecast that Coursera, Inc. will post -0.44 EPS for the current fiscal year.

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.