Coursera, Inc. (NYSE:COUR) Shares Acquired by Headlands Technologies LLC

Headlands Technologies LLC increased its stake in shares of Coursera, Inc. (NYSE:COUR) by 6,218.6% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 73,549 shares of the company’s stock after purchasing an additional 72,385 shares during the quarter. Headlands Technologies LLC’s holdings in Coursera were worth $527,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also recently added to or reduced their stakes in the company. Norges Bank purchased a new position in Coursera during the fourth quarter worth about $52,804,000. Assenagon Asset Management S.A. acquired a new position in shares of Coursera during the 2nd quarter valued at about $9,525,000. Gilder Gagnon Howe & Co. LLC lifted its holdings in shares of Coursera by 164.6% during the 4th quarter. Gilder Gagnon Howe & Co. LLC now owns 1,766,369 shares of the company’s stock worth $34,215,000 after acquiring an additional 1,098,701 shares during the period. Jacobs Levy Equity Management Inc. boosted its position 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 worth $23,185,000 after acquiring an additional 1,014,316 shares during the last quarter. Finally, M&G Plc purchased a new stake in Coursera in the second quarter valued at approximately $5,048,000. Institutional investors and hedge funds own 89.55% of the company’s stock.

Coursera Stock Up 0.8 %

NYSE COUR opened at $7.78 on Friday. Coursera, Inc. has a fifty-two week low of $6.35 and a fifty-two week high of $21.26. The business has a 50 day moving average price of $7.94 and a two-hundred day moving average price of $9.78. The stock has a market cap of $1.21 billion, a PE ratio of -11.27 and a beta of 1.43.

Coursera (NYSE:COUR) last released its quarterly earnings results on Thursday, July 25th. The company reported $0.09 earnings per share for the quarter, beating analysts’ consensus estimates of $0.01 by $0.08. Coursera had a negative net margin of 14.35% and a negative return on equity of 13.92%. The business had revenue of $170.30 million during the quarter, compared to analyst estimates of $164.67 million. During the same period last year, the business earned ($0.20) EPS. The business’s revenue was up 10.8% on a year-over-year basis. Sell-side analysts anticipate that Coursera, Inc. will post -0.44 EPS for the current fiscal year.

Insider Buying and Selling

In other Coursera news, Director Andrew Y. Ng sold 25,000 shares of the firm’s stock in a transaction that occurred on Wednesday, August 21st. The stock was 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 in the company, valued at approximately $60,512,692.80. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. In other Coursera news, Director Andrew Y. Ng sold 25,000 shares of the 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 transaction, the director now directly owns 7,203,892 shares in the company, valued at approximately $60,512,692.80. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, SVP Alan B. Cardenas sold 6,285 shares of the firm’s stock in a transaction on Monday, August 19th. The stock was 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 disclosure for this sale can be found here. Over the last 90 days, insiders have sold 32,847 shares of company stock worth $274,832. 16.30% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

A number of equities analysts have weighed in on COUR shares. KeyCorp cut their price target on shares of Coursera from $14.00 to $12.00 and set an “overweight” rating on the stock in a research note on Monday, July 22nd. Telsey Advisory Group reaffirmed an “outperform” rating and issued a $18.00 target price on shares of Coursera in a research report on Monday, July 22nd. The Goldman Sachs Group lowered their price target on Coursera from $10.50 to $9.00 and set a “sell” rating for the company in a research report on Friday, July 26th. BMO Capital Markets raised their price objective on Coursera from $10.00 to $11.00 and gave the stock an “outperform” rating in a report on Friday, July 26th. Finally, Royal Bank of Canada reiterated an “outperform” rating and set a $18.00 target price on shares of Coursera in a report on Friday, July 26th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating, seven have given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, Coursera has a consensus rating of “Moderate Buy” and an average target price of $15.10.

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.