195,025 Shares in Coursera, Inc. (NYSE:COUR) Acquired by Blueshift Asset Management LLC

Key Points

• Blueshift Asset Management LLC acquired 195,025 shares of Coursera, Inc., valued at approximately $1.3 million, representing about 0.12% ownership of the company.
• Coursera's stock received favorable ratings from several analysts, with Telsey Advisory Group giving it an "outperform" rating and a target price of $12.00 while Cantor Fitzgerald raised their target to $13.00.
• Institutional investors own a significant 89.55% of Coursera's stock, reflecting strong confidence from larger financial entities in the company's future performance.

Blueshift Asset Management LLC acquired a new stake in Coursera, Inc. (NYSE:COUR - Free Report) during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 195,025 shares of the company's stock, valued at approximately $1,299,000. Blueshift Asset Management LLC owned about 0.12% of Coursera at the end of the most recent reporting period.

Several other large investors have also made changes to their positions in COUR. American Century Companies Inc. increased its holdings in shares of Coursera by 206.0% during the 4th quarter. American Century Companies Inc. now owns 120,480 shares of the company's stock valued at $1,024,000 after purchasing an additional 81,110 shares in the last quarter. Sei Investments Co. increased its holdings in shares of Coursera by 340.9% during the 4th quarter. Sei Investments Co. now owns 273,147 shares of the company's stock valued at $2,322,000 after purchasing an additional 211,191 shares in the last quarter. KLP Kapitalforvaltning AS purchased a new position in shares of Coursera during the 4th quarter valued at approximately $208,000. LPL Financial LLC purchased a new position in shares of Coursera during the 4th quarter valued at approximately $142,000. Finally, Vanguard Group Inc. increased its holdings in shares of Coursera by 3.8% during the 4th quarter. Vanguard Group Inc. now owns 12,147,159 shares of the company's stock valued at $103,251,000 after purchasing an additional 440,948 shares in the last quarter. 89.55% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on the stock. Loop Capital lifted their target price on shares of Coursera from $12.00 to $15.00 and gave the company a "buy" rating in a report on Friday, July 25th. Cantor Fitzgerald increased their target price on Coursera from $10.00 to $13.00 and gave the company an "overweight" rating in a research report on Friday, July 25th. KeyCorp reiterated an "overweight" rating and set a $12.00 target price (up previously from $11.00) on shares of Coursera in a research report on Friday, July 25th. Wall Street Zen upgraded Coursera from a "hold" rating to a "buy" rating in a research report on Saturday, July 26th. Finally, Bank of America upgraded Coursera from an "underperform" rating to a "neutral" rating and increased their target price for the company from $7.00 to $12.00 in a research report on Friday, July 25th. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and eight have assigned a buy rating to the company's stock. According to data from MarketBeat.com, Coursera has an average rating of "Moderate Buy" and a consensus price target of $11.25.

Insider Buying and Selling

In related news, CAO Michele M. Meyers sold 12,500 shares of Coursera 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 owned 253,351 shares in the company, valued at approximately $2,938,871.60. This trade represents a 4.70% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, SVP Alan B. Cardenas sold 6,101 shares of Coursera stock in a transaction that occurred on Tuesday, May 20th. The stock was sold at an average price of $8.65, for a total value of $52,773.65. Following the transaction, the senior vice president owned 293,368 shares in the company, valued at approximately $2,537,633.20. The trade was a 2.04% decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 37,270 shares of company stock worth $356,087. 16.80% of the stock is owned by corporate insiders.

Coursera Stock Down 1.9%

Shares of Coursera stock traded down $0.24 during trading hours on Tuesday, reaching $12.14. 3,012,490 shares of the company's stock were exchanged, compared to its average volume of 2,208,195. Coursera, Inc. has a 1 year low of $5.76 and a 1 year high of $13.56. The company has a market capitalization of $1.96 billion, a P/E ratio of -36.77 and a beta of 1.40. The business has a fifty day moving average of $9.16 and a two-hundred day moving average of $8.29.

Coursera (NYSE:COUR - Get Free Report) last announced its quarterly earnings data on Thursday, July 24th. The company reported $0.12 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 firm had revenue of $187.10 million for the quarter, compared to the consensus estimate of $180.52 million. During the same quarter last year, the business posted $0.09 earnings per share. The firm's revenue was up 9.9% compared to the same quarter last year. As a group, research analysts predict that Coursera, Inc. will post -0.28 EPS for the current year.

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.