Algert Global LLC Sells 165,615 Shares of Coursera, Inc. $COUR

Key Points

• Algert Global LLC has decreased its position in Coursera, Inc. by 20.5%, now holding approximately 640,686 shares valued at $4.27 million.
• Several institutional investors, including Wells Fargo and Cerity Partners, have recently increased their stakes in Coursera, contributing to a total insider ownership of 16.80%.
• The stock has a consensus rating of "Hold", with recent analyst price targets ranging from $9.00 to $12.00.

Algert Global LLC cut its position in shares of Coursera, Inc. (NYSE:COUR - Free Report) by 20.5% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 640,686 shares of the company's stock after selling 165,615 shares during the period. Algert Global LLC owned approximately 0.40% of Coursera worth $4,267,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in COUR. Nuveen LLC bought a new position in Coursera during the first quarter valued at approximately $7,764,000. Two Sigma Investments LP bought a new position in Coursera during the fourth quarter valued at approximately $8,710,000. Ameriprise Financial Inc. boosted its stake in Coursera by 253.1% during the fourth quarter. Ameriprise Financial Inc. now owns 1,424,354 shares of the company's stock valued at $12,107,000 after buying an additional 1,020,969 shares during the last quarter. BNP Paribas Financial Markets bought a new position in Coursera during the fourth quarter valued at approximately $6,612,000. Finally, Pacer Advisors Inc. bought a new position in Coursera during the first quarter valued at approximately $4,132,000. 89.55% of the stock is owned by institutional investors.

Insider Buying and Selling

In related news, CAO Michele M. Meyers sold 12,500 shares of the stock in a transaction that occurred on Friday, July 25th. The stock was sold at an average price of $11.60, for a total value of $145,000.00. Following the transaction, the chief accounting officer owned 253,351 shares of the company's stock, valued at $2,938,871.60. This represents a 4.70% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Kenneth R. Hahn sold 75,000 shares of the stock in a transaction that occurred on Thursday, August 14th. The stock was sold at an average price of $11.87, for a total value of $890,250.00. Following the completion of the transaction, the chief financial officer directly owned 1,075,853 shares in the company, valued at approximately $12,770,375.11. This trade represents a 6.52% decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 115,000 shares of company stock worth $1,363,100. Insiders own 16.80% of the company's stock.

Analysts Set New Price Targets

A number of equities analysts recently commented on COUR shares. Wall Street Zen raised Coursera from a "hold" rating to a "buy" rating in a research note on Saturday, July 26th. Loop Capital upped their price objective on Coursera from $12.00 to $15.00 and gave the company a "buy" rating in a research report on Friday, July 25th. UBS Group upped their price objective on Coursera from $8.50 to $10.00 and gave the company a "neutral" rating in a research report on Friday, July 25th. Royal Bank Of Canada upped their price objective on Coursera from $10.00 to $13.00 and gave the company an "outperform" rating in a research report on Friday, July 25th. Finally, Zacks Research downgraded Coursera from a "strong-buy" rating to a "hold" rating in a research report on Monday, August 18th. Seven equities research analysts have rated the stock with a Buy rating, six have given a Hold rating and one has given a Sell rating to the company's stock. According to data from MarketBeat.com, the stock currently has an average rating of "Hold" and an average target price of $11.40.

Coursera Price Performance

Shares of COUR traded down $0.24 during mid-day trading on Monday, reaching $11.14. 1,620,734 shares of the company's stock traded hands, compared to its average volume of 3,926,914. The stock has a market cap of $1.80 billion, a P/E ratio of -33.76 and a beta of 1.40. The stock's 50-day moving average is $10.06 and its two-hundred day moving average is $8.65. Coursera, Inc. has a 12 month low of $5.76 and a 12 month high of $13.56.

Coursera (NYSE:COUR - Get Free Report) last released its earnings results on Thursday, July 24th. The company reported $0.12 EPS for the quarter, beating analysts' consensus estimates of $0.09 by $0.03. The firm had revenue of $187.10 million for the quarter, compared to analysts' expectations of $180.52 million. Coursera had a negative return on equity of 5.16% and a negative net margin of 7.05%.The company's quarterly revenue was up 9.9% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.09 earnings per share. Coursera has set its FY 2025 guidance at EPS. Q3 2025 guidance at EPS. Research analysts predict that Coursera, Inc. will post -0.28 earnings per share for the current year.

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.