ExodusPoint Capital Management LP Sells 314,534 Shares of Coursera, Inc. (NYSE:COUR)

ExodusPoint Capital Management LP trimmed its stake in shares of Coursera, Inc. (NYSE:COUR - Free Report) by 76.0% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 99,233 shares of the company's stock after selling 314,534 shares during the period. ExodusPoint Capital Management LP owned about 0.06% of Coursera worth $843,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in COUR. SBI Securities Co. Ltd. bought a new position in shares of Coursera during the fourth quarter worth about $35,000. FMR LLC lifted its position in shares of Coursera by 67.6% in the third quarter. FMR LLC now owns 6,574 shares of the company's stock worth $52,000 after purchasing an additional 2,651 shares in the last quarter. KBC Group NV increased its stake in Coursera by 90.7% in the 4th quarter. KBC Group NV now owns 9,203 shares of the company's stock valued at $78,000 after buying an additional 4,376 shares during the last quarter. New York State Teachers Retirement System bought a new position in shares of Coursera in the 4th quarter valued at about $107,000. Finally, Cibc World Markets Corp acquired a new stake in shares of Coursera in the fourth quarter valued at about $109,000. 89.55% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several research analysts recently commented on the company. JPMorgan Chase & Co. reduced their price target 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 reiterated a "buy" rating and issued a $11.00 price target on shares of Coursera in a research note on Monday, January 27th. Bank of America reaffirmed an "underperform" rating and issued a $7.00 target price on shares of Coursera in a report on Thursday, March 27th. Royal Bank of Canada reiterated an "outperform" rating and set a $10.00 target price on shares of Coursera in a research note on Friday, January 31st. Finally, Telsey Advisory Group reaffirmed an "outperform" rating and issued a $15.00 price objective on shares of Coursera in a report on Tuesday, January 28th. Two analysts have rated the stock with a sell rating, four have assigned a hold rating and seven have given a buy rating to the stock. According to data from MarketBeat.com, Coursera has a consensus rating of "Hold" and a consensus price target of $9.75.

Coursera Stock Up 0.6 %

Shares of COUR stock traded up $0.05 on Wednesday, reaching $7.02. The company had a trading volume of 142,972 shares, compared to its average volume of 1,764,330. The business's 50-day moving average is $7.34 and its 200 day moving average is $7.74. Coursera, Inc. has a one year low of $5.76 and a one year high of $12.37. The stock has a market capitalization of $1.13 billion, a PE ratio of -13.49 and a beta of 1.42.

Insider Buying and Selling at Coursera

In other Coursera news, SVP Alan B. Cardenas sold 5,613 shares of the company's stock in a transaction dated Wednesday, February 19th. The stock was sold at an average price of $8.26, for a total value of $46,363.38. Following the completion of the transaction, the senior vice president now owns 180,413 shares of the company's stock, valued at $1,490,211.38. This represents a 3.02 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Company insiders own 16.30% of the company's stock.

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.