Intech Investment Management LLC Takes Position in Coursera, Inc. (NYSE:COUR)

Intech Investment Management LLC bought a new stake in Coursera, Inc. (NYSE:COUR) in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 42,239 shares of the company’s stock, valued at approximately $335,000.

A number of other institutional investors also recently modified their holdings of the business. Connor Clark & Lunn Investment Management Ltd. acquired a new position in Coursera in the third quarter valued at about $3,090,000. Victory Capital Management Inc. raised its stake in Coursera by 110.9% in the third quarter. Victory Capital Management Inc. now owns 81,749 shares of the company’s stock valued at $649,000 after purchasing an additional 42,993 shares in the last quarter. Versor Investments LP acquired a new position in Coursera in the third quarter valued at about $106,000. Los Angeles Capital Management LLC acquired a new position in Coursera in the third quarter valued at about $149,000. Finally, Harbor Capital Advisors Inc. raised its stake in Coursera by 11.2% in the third quarter. Harbor Capital Advisors Inc. now owns 26,424 shares of the company’s stock valued at $210,000 after purchasing an additional 2,658 shares in the last quarter. Institutional investors own 89.55% of the company’s stock.

Insider Transactions at Coursera

In related news, SVP Alan B. Cardenas sold 6,102 shares of the company’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 sale, the senior vice president now directly owns 194,082 shares in the company, valued at $1,325,580.06. This represents a 3.05 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Director Andrew Y. Ng sold 6,221 shares of the company’s stock in a transaction that occurred on Wednesday, September 18th. The shares were sold at an average price of $8.03, for a total value of $49,954.63. Following the completion of the sale, the director now owns 7,297,671 shares in the company, valued at $58,600,298.13. The trade was a 0.09 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 13,885 shares of company stock worth $102,815. Insiders own 15.90% of the company’s stock.

Analysts Set New Price Targets

COUR has been the subject of a number of analyst reports. Morgan Stanley dropped their price target on Coursera from $15.00 to $10.00 and set an “overweight” rating for the company in a research note on Friday, October 25th. Cantor Fitzgerald dropped their price target on Coursera from $22.00 to $10.00 and set an “overweight” rating for the company in a research note on Friday, October 25th. Bank of America initiated coverage on Coursera in a research note on Thursday, September 19th. They set a “buy” rating and a $11.00 target price for the company. BMO Capital Markets lowered their target price on Coursera from $10.00 to $9.00 and set an “outperform” rating for the company in a research note on Friday, October 25th. Finally, JPMorgan Chase & Co. initiated coverage on Coursera in a research note on Monday, November 25th. They set a “neutral” rating and a $8.00 target price for the company. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and nine have issued a buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $10.66.

Coursera Stock Performance

NYSE:COUR opened at $8.30 on Wednesday. The stock’s 50-day moving average is $7.47 and its 200-day moving average is $7.60. Coursera, Inc. has a 1-year low of $6.29 and a 1-year high of $21.26.

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.