Coursera, Inc. (NYSE:COUR) Shares Sold by Numerai GP LLC

Numerai GP LLC reduced its stake in shares of Coursera, Inc. (NYSE:COUR - Free Report) by 28.2% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 97,296 shares of the company's stock after selling 38,301 shares during the period. Numerai GP LLC owned 0.06% of Coursera worth $827,000 as of its most recent SEC filing.

A number of other large investors have also made changes to their positions in the stock. Franklin Resources Inc. acquired a new position in Coursera during the third quarter worth $1,651,000. Jump Financial LLC raised its holdings in shares of Coursera by 582.9% during the 4th quarter. Jump Financial LLC now owns 213,753 shares of the company's stock worth $1,817,000 after acquiring an additional 182,453 shares during the period. Penn Capital Management Company LLC acquired a new position in shares of Coursera during the 4th quarter valued at about $635,000. Sei Investments Co. grew its holdings in shares of Coursera by 340.9% in the fourth quarter. Sei Investments Co. now owns 273,147 shares of the company's stock valued at $2,322,000 after purchasing an additional 211,191 shares during the period. Finally, SBI Securities Co. Ltd. acquired a new stake in Coursera during the fourth quarter worth about $35,000. 89.55% of the stock is currently owned by hedge funds and other institutional investors.

Coursera Stock Down 1.4%

NYSE:COUR traded down $0.13 on Tuesday, reaching $8.64. 483,478 shares of the company's stock were exchanged, compared to its average volume of 1,874,623. The business has a fifty day moving average of $7.54 and a 200-day moving average of $7.89. Coursera, Inc. has a 52-week low of $5.76 and a 52-week high of $11.74. The firm has a market capitalization of $1.39 billion, a price-to-earnings ratio of -16.59 and a beta of 1.38.

Coursera (NYSE:COUR - Get Free Report) last released its earnings results on Thursday, April 24th. The company reported $0.12 EPS for the quarter, topping the consensus estimate of $0.08 by $0.04. The firm had revenue of $179.30 million during the quarter, compared to analysts' expectations of $175.60 million. Coursera had a negative return on equity of 9.42% and a negative net margin of 11.45%. Coursera's revenue for the quarter was up 6.0% on a year-over-year basis. During the same period in the previous year, the firm posted $0.07 EPS. As a group, equities analysts anticipate that Coursera, Inc. will post -0.28 earnings per share for the current year.

Insider Activity

In other news, SVP Alan B. Cardenas sold 5,613 shares of the firm's stock in a transaction dated Wednesday, February 19th. The stock was sold at an average price of $8.26, for a total transaction of $46,363.38. Following the sale, the senior vice president now owns 180,413 shares of the company's stock, valued at approximately $1,490,211.38. This trade represents a 3.02% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 16.80% of the company's stock.

Analyst Ratings Changes

Several equities analysts have weighed in on the stock. UBS Group boosted their target price on shares of Coursera from $7.50 to $8.50 and gave the company a "neutral" rating in a report on Friday, January 31st. Telsey Advisory Group reiterated an "outperform" rating and issued a $12.00 price objective on shares of Coursera in a report on Tuesday, April 22nd. JPMorgan Chase & Co. lowered their price objective on Coursera from $8.00 to $7.00 and set a "neutral" rating for the company in a research report on Tuesday, April 8th. Needham & Company LLC restated a "buy" rating and issued a $11.00 target price on shares of Coursera in a research report on Friday, April 25th. Finally, Royal Bank of Canada reaffirmed an "outperform" rating and issued a $10.00 price target on shares of Coursera in a research note on Friday, January 31st. Two analysts have rated the stock with a sell rating, three have issued a hold rating and seven have assigned a buy rating to the company's stock. According to data from MarketBeat.com, Coursera presently has an average rating of "Hold" and an average price target of $9.31.

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.