Principal Financial Group Inc. Sells 5,702 Shares of Coursera, Inc. (NYSE:COUR)

Principal Financial Group Inc. cut its holdings in shares of Coursera, Inc. (NYSE:COUR) by 30.7% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 12,883 shares of the company’s stock after selling 5,702 shares during the period. 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 have also added to or reduced their stakes in COUR. FMR LLC boosted its stake in shares of Coursera by 67.6% in the 3rd quarter. FMR LLC now owns 6,574 shares of the company’s stock worth $52,000 after buying an additional 2,651 shares during the last quarter. CWM LLC boosted its position in Coursera by 82.3% in the third quarter. CWM LLC now owns 7,128 shares of the company’s stock worth $57,000 after purchasing an additional 3,217 shares during the last quarter. LGT Group Foundation purchased a new position in Coursera in the second quarter worth $73,000. Quarry LP grew its stake in Coursera by 936.6% in the 2nd 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 period. Finally, Versor Investments LP purchased a new stake in shares of Coursera during the 3rd quarter valued at $106,000. Institutional investors and hedge funds own 89.55% of the company’s stock.

Insider Buying and Selling

In other Coursera news, SVP Alan B. Cardenas sold 6,102 shares of the company’s stock in a transaction dated 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 represents a 3.05 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 16.30% of the stock is currently owned by company insiders.

Coursera Price Performance

Shares of NYSE:COUR opened at $8.58 on Wednesday. The firm has a fifty day moving average price of $7.92 and a two-hundred day moving average price of $7.80. The company has a market cap of $1.36 billion, a price-to-earnings ratio of -16.82 and a beta of 1.44. Coursera, Inc. has a one year low of $6.29 and a one year high of $20.73.

Wall Street Analyst Weigh In

Several research firms recently weighed in on COUR. Cantor Fitzgerald restated an “overweight” rating and set a $10.00 price target on shares of Coursera in a research report on Thursday, December 5th. Scotiabank began coverage on shares of Coursera in a research note on Thursday, December 5th. They issued a “sector perform” rating and a $9.00 target price on the stock. KeyCorp decreased their price target on shares of Coursera from $12.00 to $11.00 and set an “overweight” rating for the company in a research note on Friday, October 25th. Telsey Advisory Group reiterated an “outperform” rating and issued a $18.00 price objective on shares of Coursera in a research note on Monday, October 21st. Finally, Royal Bank of Canada decreased their target price on Coursera from $18.00 to $10.00 and set an “outperform” rating for the company in a research report on Friday, October 25th. One analyst has rated the stock with a sell rating, three have assigned a hold rating and nine have given a buy rating to the company’s stock. According to data from MarketBeat.com, Coursera presently has an average rating of “Moderate Buy” and a consensus target price of $10.52.

About Coursera

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.