AlphaQuest LLC raised its stake in Coursera, Inc. (NYSE:COUR - Free Report) by 164.5% during the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 42,039 shares of the company's stock after purchasing an additional 26,147 shares during the period. AlphaQuest LLC's holdings in Coursera were worth $280,000 as of its most recent SEC filing.
Other institutional investors have also modified their holdings of the company. ProShare Advisors LLC raised its stake in shares of Coursera by 49.0% during the fourth quarter. ProShare Advisors LLC now owns 38,746 shares of the company's stock worth $329,000 after purchasing an additional 12,749 shares during the last quarter. Blueshift Asset Management LLC purchased a new stake in shares of Coursera during the 1st quarter worth approximately $1,299,000. Charles Schwab Investment Management Inc. increased its position in shares of Coursera by 3.6% in the first quarter. Charles Schwab Investment Management Inc. now owns 1,041,051 shares of the company's stock valued at $6,933,000 after buying an additional 35,981 shares in the last quarter. Vanguard Group Inc. raised its position in Coursera by 1.3% during the first quarter. Vanguard Group Inc. now owns 12,306,979 shares of the company's stock worth $81,964,000 after acquiring an additional 159,820 shares during the last quarter. Finally, Wealth Enhancement Advisory Services LLC grew its holdings in Coursera by 34.8% during the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 13,649 shares of the company's stock valued at $91,000 after buying an additional 3,521 shares during the last quarter. Hedge funds and other institutional investors own 89.55% of the company's stock.
Insider Buying and Selling
In other news, CAO Michele M. Meyers sold 12,500 shares of the firm's stock in a transaction on 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 sale, the chief accounting officer directly owned 253,351 shares of the company's stock, valued at $2,938,871.60. This trade represents a 4.70% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, CFO Kenneth R. Hahn sold 75,000 shares of the company's stock in a transaction that occurred on Thursday, August 14th. The shares were sold at an average price of $11.87, for a total transaction of $890,250.00. Following the completion of the sale, the chief financial officer owned 1,075,853 shares of the company's stock, 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. Insiders have sold 115,000 shares of company stock worth $1,363,100 in the last quarter. Company insiders own 16.80% of the company's stock.
Coursera Price Performance
Shares of NYSE:COUR traded up $0.03 during midday trading on Wednesday, reaching $11.08. The company had a trading volume of 275,149 shares, compared to its average volume of 2,249,140. The stock has a market capitalization of $1.79 billion, a P/E ratio of -33.59 and a beta of 1.40. The stock's fifty day moving average price is $10.42 and its 200-day moving average price is $8.78. Coursera, Inc. has a one year low of $5.76 and a one year high of $13.56.
Coursera (NYSE:COUR - Get Free Report) last announced its quarterly earnings data on Thursday, July 24th. The company reported $0.12 earnings per share for the quarter, topping the consensus estimate of $0.09 by $0.03. Coursera had a negative net margin of 7.05% and a negative return on equity of 5.16%. The company had revenue of $187.10 million during the quarter, compared to analyst estimates of $180.52 million. During the same period last year, the business earned $0.09 EPS. The firm's revenue for the quarter 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. As a group, sell-side analysts forecast that Coursera, Inc. will post -0.28 earnings per share for the current year.
Wall Street Analyst Weigh In
Several research firms recently commented on COUR. UBS Group upped their target price on Coursera from $8.50 to $10.00 and gave the company a "neutral" rating in a research note on Friday, July 25th. Royal Bank Of Canada upped their price objective on shares of Coursera from $10.00 to $13.00 and gave the company an "outperform" rating in a research note on Friday, July 25th. Needham & Company LLC reissued a "buy" rating and issued a $11.00 target price on shares of Coursera in a research report on Monday, July 21st. Bank of America upgraded shares of Coursera from an "underperform" rating to a "neutral" rating and boosted their target price for the company from $7.00 to $12.00 in a report on Friday, July 25th. Finally, Morgan Stanley lifted their price target on shares of Coursera from $11.00 to $12.00 and gave the company an "equal weight" rating in a report on Friday, July 25th. Seven investment analysts have rated the stock with a Buy rating, six have given a Hold rating and one has issued a Sell rating to the company's stock. Based on data from MarketBeat, Coursera has a consensus rating of "Hold" and an average target price of $11.40.
Read Our Latest Research Report on COUR
About Coursera
(
Free Report)
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.
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