GSA Capital Partners LLP Sells 22,373 Shares of Coursera, Inc. (NYSE:COUR)

GSA Capital Partners LLP trimmed its stake in Coursera, Inc. (NYSE:COUR) by 46.9% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 25,288 shares of the company’s stock after selling 22,373 shares during the period. GSA Capital Partners LLP’s holdings in Coursera were worth $201,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in the stock. Vanguard Group Inc. grew its holdings in shares of Coursera by 2.3% during the 1st quarter. Vanguard Group Inc. now owns 11,405,792 shares of the company’s stock worth $159,909,000 after purchasing an additional 254,108 shares in the last quarter. Millennium Management LLC increased its holdings in Coursera by 67.0% in the 2nd quarter. Millennium Management LLC now owns 2,800,912 shares of the company’s stock valued at $20,055,000 after buying an additional 1,123,397 shares during the period. Dimensional Fund Advisors LP raised its stake in shares of Coursera by 0.6% in the 2nd quarter. Dimensional Fund Advisors LP now owns 2,655,040 shares of the company’s stock valued at $19,007,000 after buying an additional 15,694 shares in the last quarter. Jacobs Levy Equity Management Inc. lifted its holdings in shares of Coursera by 158.6% during the 1st quarter. Jacobs Levy Equity Management Inc. now owns 1,653,704 shares of the company’s stock worth $23,185,000 after acquiring an additional 1,014,316 shares during the period. Finally, Assenagon Asset Management S.A. boosted its position in shares of Coursera by 6.3% during the 3rd quarter. Assenagon Asset Management S.A. now owns 1,413,641 shares of the company’s stock valued at $11,224,000 after acquiring an additional 83,369 shares in the last quarter. Institutional investors own 89.55% of the company’s stock.

Wall Street Analyst Weigh In

COUR has been the topic of several research analyst reports. Royal Bank of Canada decreased their price objective on shares of Coursera from $18.00 to $10.00 and set an “outperform” rating on the stock in a research note on Friday, October 25th. Needham & Company LLC cut their price objective on Coursera from $15.00 to $11.00 and set a “buy” rating for the company in a research report on Friday, October 25th. Cantor Fitzgerald reduced their price objective on Coursera from $22.00 to $10.00 and set an “overweight” rating on the stock in a research note on Friday, October 25th. KeyCorp cut their price target on Coursera from $12.00 to $11.00 and set an “overweight” rating for the company in a report on Friday, October 25th. Finally, The Goldman Sachs Group decreased their price objective on shares of Coursera from $9.00 to $7.25 and set a “sell” rating on the stock in a report on Friday, October 25th. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating and nine have assigned a buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $10.93.

Coursera Price Performance

COUR stock opened at $7.11 on Monday. The stock has a market capitalization of $1.13 billion, a P/E ratio of -13.94 and a beta of 1.44. Coursera, Inc. has a fifty-two week low of $6.29 and a fifty-two week high of $21.26. The business has a 50-day moving average of $7.47 and a 200-day moving average of $7.64.

Insider Transactions at Coursera

In related news, Director Andrew Y. Ng sold 6,221 shares of the stock in a transaction that occurred on Wednesday, September 18th. The stock was sold at an average price of $8.03, for a total transaction of $49,954.63. Following the completion of the transaction, the director now directly owns 7,297,671 shares of the company’s stock, valued at approximately $58,600,298.13. This represents a 0.09 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, SVP Alan B. Cardenas sold 6,102 shares of the business’s stock in a transaction that occurred on Monday, November 18th. The stock was sold at an average price of $6.83, for a total value of $41,676.66. Following the transaction, the senior vice president now directly owns 194,082 shares in the company, valued at $1,325,580.06. This trade represents a 3.05 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 13,885 shares of company stock valued at $102,815 in the last ninety days. 16.30% of the stock is currently owned by corporate insiders.

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.