Bridgewater Associates LP Sells 107,818 Shares of Coursera, Inc. (NYSE:COUR)

Bridgewater Associates LP lessened its stake in Coursera, Inc. (NYSE:COUR) by 52.5% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 97,460 shares of the company’s stock after selling 107,818 shares during the period. Bridgewater Associates LP owned about 0.06% of Coursera worth $774,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in the stock. CWM LLC boosted its stake in shares of Coursera by 7,568.6% in 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. FMR LLC boosted its position in Coursera by 67.6% during the third quarter. FMR LLC now owns 6,574 shares of the company’s stock valued at $52,000 after acquiring an additional 2,651 shares during the last quarter. nVerses Capital LLC grew its holdings 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 period. LGT Group Foundation acquired a new stake in Coursera during the 2nd quarter worth about $73,000. Finally, Quarry LP raised its position in shares of Coursera by 936.6% in the 2nd quarter. Quarry LP now owns 10,356 shares of the company’s stock worth $74,000 after acquiring an additional 9,357 shares in the last quarter. Institutional investors own 89.55% of the company’s stock.

Coursera Stock Up 4.1 %

COUR stock opened at $8.28 on Tuesday. The firm has a market capitalization of $1.31 billion, a PE ratio of -15.94 and a beta of 1.44. Coursera, Inc. has a twelve month low of $6.29 and a twelve month high of $21.26. The stock’s 50 day moving average is $7.47 and its 200-day moving average is $7.61.

Analyst Ratings Changes

Several equities research analysts recently commented on COUR shares. Royal Bank of Canada cut their target price on Coursera from $18.00 to $10.00 and set an “outperform” rating on the stock in a research report on Friday, October 25th. BMO Capital Markets cut their price target on Coursera from $10.00 to $9.00 and set an “outperform” rating on the stock in a report on Friday, October 25th. Bank of America began coverage on shares of Coursera in a research note on Thursday, September 19th. They issued a “buy” rating and a $11.00 price objective for the company. Needham & Company LLC cut their target price on shares of Coursera from $15.00 to $11.00 and set a “buy” rating on the stock in a research note on Friday, October 25th. Finally, The Goldman Sachs Group reduced their price target on shares of Coursera from $9.00 to $7.25 and set a “sell” rating for the company in a report on Friday, October 25th. One analyst has rated the stock with a sell rating, two have given a hold rating and nine have assigned a buy rating to the company. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $10.66.

Insider Activity at Coursera

In related news, SVP Alan B. Cardenas sold 6,102 shares of the stock in a transaction that occurred on Monday, November 18th. The stock was sold at an average price of $6.83, for a total transaction of $41,676.66. Following the completion of the sale, the senior vice president now directly owns 194,082 shares of the company’s stock, valued at approximately $1,325,580.06. This trade represents a 3.05 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Andrew Y. Ng sold 6,221 shares of the business’s stock in a transaction 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 completion of the transaction, the director now directly owns 7,297,671 shares in the company, valued at approximately $58,600,298.13. This represents a 0.09 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders sold 13,885 shares of company stock valued at $102,815. 16.30% of the stock is owned by insiders.

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.