Baillie Gifford & Co. Cuts Stock Holdings in Coursera, Inc. (NYSE:COUR)

Key Points

• Baillie Gifford & Co. reduced its stake in Coursera, Inc. by 10.3%, now owning approximately 7.97 million shares valued at $53 million.
• Insider sales included significant transactions by Directors Amanda Clark and Sabrina Simmons, each selling around 9,335 shares at approximately $8.48 per share.
• Coursera's stock has risen by 36.9% recently, with analysts giving it a consensus price target of $11.25 and various upgrades in ratings and price targets from firms like Cantor Fitzgerald and Bank of America.

Baillie Gifford & Co. cut its holdings in shares of Coursera, Inc. (NYSE:COUR - Free Report) by 10.3% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 7,965,247 shares of the company's stock after selling 911,288 shares during the period. Baillie Gifford & Co. owned about 4.94% of Coursera worth $53,049,000 at the end of the most recent quarter.

Other large investors also recently modified their holdings of the company. ProShare Advisors LLC lifted its holdings in shares of Coursera by 49.0% in the fourth quarter. ProShare Advisors LLC now owns 38,746 shares of the company's stock valued at $329,000 after purchasing an additional 12,749 shares in the last quarter. Jump Financial LLC increased its position in Coursera by 582.9% in the fourth quarter. Jump Financial LLC now owns 213,753 shares of the company's stock worth $1,817,000 after buying an additional 182,453 shares during the last quarter. Penn Capital Management Company LLC purchased a new position in shares of Coursera in the fourth quarter valued at $635,000. Franklin Resources Inc. grew its position in shares of Coursera by 19.6% in the fourth quarter. Franklin Resources Inc. now owns 260,866 shares of the company's stock valued at $2,217,000 after purchasing an additional 42,765 shares in the last quarter. Finally, Sei Investments Co. boosted its stake in Coursera by 340.9% during the fourth quarter. Sei Investments Co. now owns 273,147 shares of the company's stock valued at $2,322,000 after buying an additional 211,191 shares during the period. 89.55% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In other Coursera 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 transaction of $145,000.00. Following the transaction, the chief accounting officer directly owned 253,351 shares in the company, valued at approximately $2,938,871.60. This represents a 4.70% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Amanda Clark sold 9,334 shares of the company's stock in a transaction that occurred on Thursday, May 22nd. The stock was sold at an average price of $8.48, for a total value of $79,152.32. Following the transaction, the director directly owned 85,573 shares in the company, valued at $725,659.04. The trade was a 9.83% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 37,270 shares of company stock worth $356,087. 16.80% of the stock is owned by corporate insiders.

Coursera Stock Performance

Shares of NYSE COUR traded up $0.08 during mid-day trading on Wednesday, reaching $12.09. The company had a trading volume of 1,015,702 shares, compared to its average volume of 2,133,955. The stock has a fifty day moving average of $8.86 and a two-hundred day moving average of $8.19. The company has a market capitalization of $1.95 billion, a price-to-earnings ratio of -36.59 and a beta of 1.36. 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 posted its quarterly earnings results on Thursday, July 24th. The company reported $0.12 earnings per share for the quarter, topping analysts' consensus estimates of $0.09 by $0.03. The firm had revenue of $187.10 million for the quarter, compared to the consensus estimate of $180.52 million. Coursera had a negative net margin of 7.05% and a negative return on equity of 5.22%. The business's revenue was up 9.9% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.09 earnings per share. Sell-side analysts forecast that Coursera, Inc. will post -0.28 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

COUR has been the topic of several analyst reports. Scotiabank lifted their price objective on Coursera from $9.00 to $11.00 and gave the stock a "sector perform" rating in a report on Friday, July 25th. KeyCorp reissued an "overweight" rating and issued a $12.00 price target (up from $11.00) on shares of Coursera 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. JPMorgan Chase & Co. boosted their target price on shares of Coursera from $8.00 to $9.00 and gave the company a "neutral" rating in a research note on Wednesday, July 16th. Finally, Royal Bank Of Canada upped their price objective on Coursera from $10.00 to $13.00 and gave the stock an "outperform" rating in a research note on Friday, July 25th. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and eight have given a buy rating to the company's stock. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average target price of $11.25.

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.