Caisse Des Depots ET Consignations Has $660,000 Stock Position in Coursera, Inc. (NYSE:COUR)

Key Points

• Caisse Des Depots ET Consignations has reduced its stake in Coursera, Inc. by 40.7%, selling 67,902 shares and leaving it with 99,133 shares valued at approximately $660,000.
• Insider selling activity has occurred, with Director Sabrina Simmons selling **9,335 shares** and CAO Michele M. Meyers disposing of **12,500 shares**, indicating potential shifts in management sentiment towards stock holdings.
• Analysts have issued new price targets for Coursera, with recommendations ranging from a low of $9.00 to a high of $15.00, reflecting a generally positive outlook despite recent fluctuations in stock price.

Caisse Des Depots ET Consignations trimmed its holdings in Coursera, Inc. (NYSE:COUR - Free Report) by 40.7% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 99,133 shares of the company's stock after selling 67,902 shares during the quarter. Caisse Des Depots ET Consignations owned 0.06% of Coursera worth $660,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds also recently modified their holdings of COUR. Two Sigma Investments LP bought a new stake in shares of Coursera in the fourth quarter valued at approximately $8,710,000. Ameriprise Financial Inc. boosted its position in shares of Coursera by 253.1% in the fourth quarter. Ameriprise Financial Inc. now owns 1,424,354 shares of the company's stock valued at $12,107,000 after acquiring an additional 1,020,969 shares during the period. BNP Paribas Financial Markets bought a new stake in shares of Coursera in the fourth quarter valued at approximately $6,612,000. Pacer Advisors Inc. bought a new stake in shares of Coursera in the first quarter valued at approximately $4,132,000. Finally, Federated Hermes Inc. raised its stake in shares of Coursera by 125.3% in the first quarter. Federated Hermes Inc. now owns 1,076,727 shares of the company's stock valued at $7,171,000 after purchasing an additional 598,726 shares in the last quarter. 89.55% of the stock is owned by institutional investors.

Coursera Stock Up 0.5%

Coursera stock traded up $0.06 during mid-day trading on Friday, hitting $12.15. 2,482,212 shares of the company were exchanged, compared to its average volume of 4,972,583. The business has a fifty day moving average of $9.44 and a 200 day moving average of $8.40. 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 PE ratio of -36.82 and a beta of 1.40.

Coursera (NYSE:COUR - Get Free Report) last announced its earnings results on Thursday, July 24th. The company reported $0.12 earnings per share for the quarter, beating 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 analyst estimates of $180.52 million. During the same period last year, the company posted $0.09 earnings per share. The firm's quarterly revenue was up 9.9% compared to the same quarter last year. Research analysts expect that Coursera, Inc. will post -0.28 earnings per share for the current year.

Wall Street Analyst Weigh In

COUR has been the subject of a number of recent research reports. Cantor Fitzgerald upped their target price on Coursera from $10.00 to $13.00 and gave the company an "overweight" rating in a research note on Friday, July 25th. Scotiabank upped their target price on Coursera from $9.00 to $11.00 and gave the company a "sector perform" rating in a research note on Friday, July 25th. 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. Morgan Stanley upped their target price on Coursera from $11.00 to $12.00 and gave the company an "equal weight" rating in a research note on Friday, July 25th. Finally, Royal Bank Of Canada upped their target price on Coursera from $10.00 to $13.00 and gave the company an "outperform" rating in a research note on Friday, July 25th. One analyst has rated the stock with a sell rating, five have given a hold rating and eight have issued a buy rating to the company. Based on data from MarketBeat.com, Coursera has a consensus rating of "Moderate Buy" and a consensus target price of $11.25.

Insiders Place Their Bets

In other news, Director Amanda Clark sold 9,334 shares of the firm's stock in a transaction 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 completion of the sale, the director directly owned 85,573 shares in the company, valued at approximately $725,659.04. This trade represents a 9.83% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Also, CAO Michele M. Meyers sold 12,500 shares of the firm's stock in a transaction on Friday, July 25th. The shares were sold at an average price of $11.60, for a total value of $145,000.00. Following the completion of the sale, the chief accounting officer owned 253,351 shares of the company's stock, valued at approximately $2,938,871.60. This trade represents a 4.70% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 37,270 shares of company stock valued at $356,087. 16.80% of the stock is owned by corporate insiders.

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.