105,121 Shares in Coursera, Inc. (NYSE:COUR) Bought by Janney Montgomery Scott LLC

Janney Montgomery Scott LLC acquired a new position in shares of Coursera, Inc. (NYSE:COUR) during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm acquired 105,121 shares of the company’s stock, valued at approximately $835,000. Janney Montgomery Scott LLC owned 0.07% of Coursera at the end of the most recent quarter.

Several other hedge funds have also added to or reduced their stakes in COUR. Assenagon Asset Management S.A. increased its holdings in Coursera by 6.3% during the 3rd quarter. Assenagon Asset Management S.A. now owns 1,413,641 shares of the company’s stock worth $11,224,000 after purchasing an additional 83,369 shares in the last quarter. M&G Plc bought a new position in Coursera during the 2nd quarter worth about $5,048,000. Acadian Asset Management LLC increased its holdings in Coursera by 231.5% during the 1st quarter. Acadian Asset Management LLC now owns 465,869 shares of the company’s stock worth $6,528,000 after purchasing an additional 325,327 shares in the last quarter. Swiss National Bank increased its holdings in Coursera by 2.0% during the 1st quarter. Swiss National Bank now owns 195,700 shares of the company’s stock worth $2,744,000 after purchasing an additional 3,900 shares in the last quarter. Finally, Quadrature Capital Ltd bought a new position in Coursera during the 1st quarter worth about $635,000. Institutional investors and hedge funds own 89.55% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts have recently weighed in on COUR shares. Telsey Advisory Group restated an “outperform” rating and issued a $18.00 price objective on shares of Coursera in a report on Monday, October 21st. KeyCorp decreased their price objective on Coursera from $12.00 to $11.00 and set an “overweight” rating for the company in a report on Friday, October 25th. Morgan Stanley decreased their price objective on Coursera from $15.00 to $10.00 and set an “overweight” rating for the company in a report on Friday, October 25th. BMO Capital Markets decreased their price objective on Coursera from $10.00 to $9.00 and set an “outperform” rating for the company in a report on Friday, October 25th. Finally, Needham & Company LLC cut their target price on shares of Coursera from $15.00 to $11.00 and set a “buy” rating for the company in a research note on Friday, October 25th. One research analyst has rated the stock with a sell rating, one has issued a hold rating and nine have issued a buy rating to the company’s stock. According to data from MarketBeat, Coursera presently has an average rating of “Moderate Buy” and an average price target of $10.93.

Insider Activity

In related news, Director Andrew Y. Ng sold 6,221 shares of Coursera 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 transaction, the director now directly owns 7,297,671 shares of the company’s stock, valued at $58,600,298.13. This trade represents a 0.09 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. 16.30% of the stock is owned by company insiders.

Coursera Trading Down 2.1 %

NYSE COUR opened at $6.93 on Monday. Coursera, Inc. has a 1-year low of $6.29 and a 1-year high of $21.26. The company has a 50 day moving average of $7.54 and a 200-day moving average of $7.73. The company has a market cap of $1.10 billion, a price-to-earnings ratio of -13.59 and a beta of 1.44.

Coursera Company 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.