Algert Global LLC Has $4.27 Million Stock Position in 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 reduced its holdings in shares of Coursera, Inc. (NYSE:COUR - Free Report) by 20.5% in the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 640,686 shares of the company's stock after selling 165,615 shares during the quarter. Algert Global LLC owned 0.40% of Coursera worth $4,267,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also modified their holdings of COUR. LPL Financial LLC bought a new stake in shares of Coursera during the 4th quarter worth $142,000. Wells Fargo & Company MN lifted its position in shares of Coursera by 49.3% during the 4th quarter. Wells Fargo & Company MN now owns 64,545 shares of the company's stock worth $549,000 after buying an additional 21,315 shares during the last quarter. Cerity Partners LLC lifted its position in shares of Coursera by 149.7% during the 4th quarter. Cerity Partners LLC now owns 25,539 shares of the company's stock worth $215,000 after buying an additional 15,312 shares during the last quarter. Legal & General Group Plc lifted its position in shares of Coursera by 8.7% during the 4th quarter. Legal & General Group Plc now owns 181,230 shares of the company's stock worth $1,540,000 after buying an additional 14,488 shares during the last quarter. Finally, Renaissance Technologies LLC bought a new stake in shares of Coursera during the 4th quarter worth $390,000. 89.55% of the stock is currently owned by institutional investors.

Insider Transactions at Coursera

In other news, CAO Michele M. Meyers sold 12,500 shares of the firm's stock in a transaction dated Friday, July 25th. The stock was sold at an average price of $11.60, for a total transaction of $145,000.00. Following the completion of the transaction, the chief accounting officer directly owned 253,351 shares in the company, valued at $2,938,871.60. This trade represents a 4.70% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Kenneth R. Hahn sold 75,000 shares of the firm's stock in a transaction dated Thursday, August 14th. The stock was sold at an average price of $11.87, for a total value of $890,250.00. Following the transaction, the chief financial officer owned 1,075,853 shares of the company's stock, valued at $12,770,375.11. This trade represents a 6.52% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 115,000 shares of company stock valued at $1,363,100 over the last 90 days. 16.80% of the stock is owned by corporate insiders.

Coursera Stock Performance

Shares of COUR traded up $0.0980 during mid-day trading on Friday, reaching $11.3780. 3,007,458 shares of the company were exchanged, compared to its average volume of 5,112,143. Coursera, Inc. has a 52 week low of $5.76 and a 52 week high of $13.56. The stock has a market capitalization of $1.84 billion, a PE ratio of -34.48 and a beta of 1.40. The business has a 50 day simple moving average of $10.01 and a two-hundred day simple moving average of $8.61.

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

Wall Street Analysts Forecast Growth

COUR has been the subject of several recent analyst reports. Zacks Research downgraded Coursera from a "strong-buy" rating to a "hold" rating in a research report on Monday, August 18th. UBS Group increased their target price on Coursera from $8.50 to $10.00 and gave the company a "neutral" rating in a research report on Friday, July 25th. Scotiabank increased their target price on Coursera from $9.00 to $11.00 and gave the company a "sector perform" rating in a research report on Friday, July 25th. Telsey Advisory Group reiterated an "outperform" rating and issued a $14.00 target price on shares of Coursera in a research report on Friday, August 15th. Finally, Needham & Company LLC reiterated a "buy" rating and issued a $11.00 target price on shares of Coursera in a research report on Monday, July 21st. Seven investment analysts have rated the stock with a Buy rating, six have given a Hold rating and one has assigned a Sell rating to the company's stock. According to MarketBeat.com, the stock has an average rating of "Hold" and a consensus price target of $11.40.

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.