Acadian Asset Management LLC Has $6.73 Million Stock Position in Coursera, Inc. (NYSE:COUR)

Acadian Asset Management LLC lifted its stake in Coursera, Inc. (NYSE:COUR) by 101.9% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 940,592 shares of the company’s stock after buying an additional 474,723 shares during the period. Acadian Asset Management LLC owned about 0.60% of Coursera worth $6,731,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also modified their holdings of the company. CWM LLC lifted its holdings in Coursera by 7,568.6% during the 2nd quarter. CWM LLC now owns 3,911 shares of the company’s stock valued at $28,000 after purchasing an additional 3,860 shares during the last quarter. Natixis bought a new position in shares of Coursera in the first quarter valued at approximately $35,000. Covestor Ltd boosted its holdings in shares of Coursera by 72.9% in the 1st quarter. Covestor Ltd now owns 4,378 shares of the company’s stock worth $61,000 after acquiring an additional 1,846 shares in the last quarter. nVerses Capital LLC grew its position in Coursera by 26.1% during the 2nd quarter. nVerses Capital LLC now owns 8,700 shares of the company’s stock worth $62,000 after acquiring an additional 1,800 shares during the last quarter. Finally, MQS Management LLC acquired a new stake in Coursera during the 1st quarter valued at $162,000. Institutional investors own 89.55% of the company’s stock.

Insiders Place Their Bets

In other news, SVP Alan B. Cardenas sold 6,285 shares of the company’s stock in a transaction dated Monday, August 19th. The stock was sold at an average price of $8.27, for a total value 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. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. In other news, SVP Alan B. Cardenas sold 6,285 shares of Coursera 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 transaction, the senior vice president now directly owns 207,434 shares of the company’s stock, valued at $1,715,479.18. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, Director Andrew Y. Ng sold 25,000 shares of the company’s stock in a transaction on Wednesday, August 21st. The shares were sold at an average price of $8.40, for a total transaction of $210,000.00. Following the completion of the sale, the director now owns 7,203,892 shares of the company’s stock, valued at approximately $60,512,692.80. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 32,847 shares of company stock worth $274,832. Insiders own 16.30% of the company’s stock.

Coursera Stock Performance

Shares of COUR stock opened at $7.72 on Thursday. The firm’s 50 day moving average price is $7.92 and its two-hundred day moving average price is $9.80. Coursera, Inc. has a 52-week low of $6.35 and a 52-week high of $21.26. The stock has a market cap of $1.21 billion, a PE ratio of -11.19 and a beta of 1.43.

Coursera (NYSE:COUR) last posted 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 business had revenue of $170.30 million for the quarter, compared to analyst estimates of $164.67 million. During the same period last year, the company earned ($0.20) EPS. The firm’s revenue was up 10.8% on a year-over-year basis. As a group, sell-side analysts predict that Coursera, Inc. will post -0.44 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of research firms have commented on COUR. Telsey Advisory Group reissued an “outperform” rating and issued a $18.00 price objective on shares of Coursera in a research note on Monday, July 22nd. The Goldman Sachs Group decreased their price objective on shares of Coursera from $10.50 to $9.00 and set a “sell” rating on the stock in a report on Friday, July 26th. Royal Bank of Canada restated an “outperform” rating and issued a $18.00 price objective on shares of Coursera in a research report on Friday, July 26th. KeyCorp reduced their target price on shares of Coursera from $14.00 to $12.00 and set an “overweight” rating on the stock in a research report on Monday, July 22nd. Finally, Needham & Company LLC reissued a “buy” rating and issued a $15.00 price target on shares of Coursera in a report on Friday, July 26th. One investment analyst has rated the stock with a sell rating, two have given a hold rating, seven have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, Coursera currently has an average rating of “Moderate Buy” and an average target price of $15.10.

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.