Coursera, Inc. (NYSE:COUR) Shares Sold by Principal Financial Group Inc.

Principal Financial Group Inc. decreased its stake in shares of Coursera, Inc. (NYSE:COUR) by 30.7% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 12,883 shares of the company’s stock after selling 5,702 shares during the quarter. Principal Financial Group Inc.’s holdings in Coursera were worth $102,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in COUR. CWM LLC lifted its holdings in shares of Coursera by 7,568.6% in the 2nd quarter. CWM LLC now owns 3,911 shares of the company’s stock valued at $28,000 after buying an additional 3,860 shares during the period. nVerses Capital LLC lifted its holdings in Coursera by 26.1% in the 2nd quarter. nVerses Capital LLC now owns 8,700 shares of the company’s stock valued at $62,000 after purchasing an additional 1,800 shares in the last quarter. LGT Group Foundation purchased a new stake in Coursera during the 2nd quarter valued at about $73,000. Quarry LP increased its holdings in shares of Coursera by 936.6% in the second quarter. Quarry LP now owns 10,356 shares of the company’s stock valued at $74,000 after purchasing an additional 9,357 shares during the last quarter. Finally, Quest Partners LLC raised its holdings in shares of Coursera by 80.9% during the 2nd quarter. Quest Partners LLC now owns 22,433 shares of the company’s stock worth $161,000 after acquiring an additional 10,034 shares during the period. Hedge funds and other institutional investors own 89.55% of the company’s stock.

Insiders Place Their Bets

In related news, Director Andrew Y. Ng sold 6,221 shares of the business’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 transaction of $49,954.63. Following the transaction, the director now directly owns 7,297,671 shares of the company’s stock, valued at approximately $58,600,298.13. The trade was a 0.09 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, SVP Alan B. Cardenas sold 6,102 shares of the business’s stock in a transaction on Monday, November 18th. The stock was sold at an average price of $6.83, for a total transaction of $41,676.66. Following the transaction, the senior vice president now directly owns 194,082 shares in the company, valued at approximately $1,325,580.06. The trade was a 3.05 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 13,885 shares of company stock valued at $102,815. Company insiders own 15.90% of the company’s stock.

Coursera Price Performance

Shares of COUR opened at $7.76 on Wednesday. Coursera, Inc. has a 1-year low of $6.29 and a 1-year high of $21.26. The firm has a 50 day simple moving average of $7.47 and a 200-day simple moving average of $7.63. The stock has a market cap of $1.23 billion, a price-to-earnings ratio of -15.24 and a beta of 1.44.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently weighed in on the company. The Goldman Sachs Group lowered their price target on Coursera from $9.00 to $7.25 and set a “sell” rating for the company in a report on Friday, October 25th. Telsey Advisory Group reissued an “outperform” rating and set a $18.00 price objective on shares of Coursera in a research report on Monday, October 21st. Bank of America began coverage on Coursera in a report on Thursday, September 19th. They issued a “buy” rating and a $11.00 target price on the stock. JPMorgan Chase & Co. started coverage on shares of Coursera in a research report on Monday. They issued a “neutral” rating and a $8.00 price target for the company. Finally, KeyCorp reduced their price objective on Coursera from $12.00 to $11.00 and set an “overweight” rating for the company in a research note on Friday, October 25th. One investment analyst has rated the stock with a sell rating, two have given a hold rating and nine have issued a buy rating to the company’s stock. According to data from MarketBeat, Coursera has an average rating of “Moderate Buy” and a consensus price target of $10.66.

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.