Marshall Wace LLP cut its position in shares of Coursera, Inc. (NYSE:COUR – Free Report) 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
View Our Latest Report on COUR
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 – Get Free Report) 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.
Featured Stories
- Five stocks we like better than Coursera
- 3 Ways To Invest In Coffee, Other Than Drinking It
- 3 Small-Cap Stocks on the Way to Bigger and Better Days
- Stock Ratings and Recommendations: Understanding Analyst Ratings
- MarketBeat Week in Review – 9/30 – 10/4
- Biggest Stock Losers – Today’s Biggest Percentage Decliners
- Top Streaming Companies: Who’s Winning the Battle?
Want to see what other hedge funds are holding COUR? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Coursera, Inc. (NYSE:COUR – Free Report).
Receive News & Ratings for Coursera Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Coursera and related companies with MarketBeat.com's FREE daily email newsletter.