Caisse Des Depots ET Consignations Sells 67,902 Shares of 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 lessened its position in shares of Coursera, Inc. (NYSE:COUR - Free Report) by 40.7% in the first quarter, according to the company in its most recent Form 13F filing with the SEC. The fund 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 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Vanguard Group Inc. raised its stake in Coursera by 1.3% in the 1st 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. Deutsche Bank AG grew its stake in shares of Coursera by 7.7% in the first quarter. Deutsche Bank AG now owns 1,986,750 shares of the company's stock worth $13,232,000 after acquiring an additional 141,745 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its stake in shares of Coursera by 0.9% during the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 1,662,492 shares of the company's stock worth $14,131,000 after purchasing an additional 14,873 shares in the last quarter. Ameriprise Financial Inc. raised its holdings 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 buying an additional 1,020,969 shares during the last quarter. Finally, Northern Trust Corp raised its holdings in Coursera by 12.7% during the fourth quarter. Northern Trust Corp now owns 1,280,107 shares of the company's stock worth $10,881,000 after purchasing an additional 144,577 shares in the last quarter. 89.55% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several research firms have commented on COUR. UBS Group lifted their target price on shares of Coursera from $8.50 to $10.00 and gave the stock a "neutral" rating in a research note on Friday, July 25th. Telsey Advisory Group reiterated an "outperform" rating and issued a $12.00 target price on shares of Coursera in a report on Monday, July 21st. 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. Loop Capital boosted their target price on shares of Coursera from $12.00 to $15.00 and gave the stock a "buy" rating in a research report on Friday, July 25th. Finally, Wall Street Zen upgraded shares of Coursera from a "hold" rating to a "buy" rating in a research note on Saturday, July 26th. One investment analyst has rated the stock with a sell rating, five have given a hold rating and eight have assigned a buy rating to the company. Based on data from MarketBeat, Coursera currently has a consensus rating of "Moderate Buy" and a consensus target price of $11.25.

Coursera Stock Performance

Shares of Coursera stock traded up $0.11 during midday trading on Tuesday, reaching $11.76. 1,457,113 shares of the company's stock traded hands, compared to its average volume of 2,235,481. The company has a market cap of $1.90 billion, a PE ratio of -35.62 and a beta of 1.40. The stock has a 50 day moving average of $9.49 and a 200-day moving average of $8.42. 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 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. The business had revenue of $187.10 million during the quarter, compared to the consensus estimate of $180.52 million. Coursera had a negative return on equity of 5.16% and a negative net margin of 7.05%. The firm's quarterly revenue was up 9.9% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.09 earnings per share. On average, equities analysts anticipate that Coursera, Inc. will post -0.28 earnings per share for the current fiscal year.

Insider Transactions at Coursera

In other news, Director Amanda Clark sold 9,334 shares of the firm's stock in a transaction dated Thursday, May 22nd. The shares were sold at an average price of $8.48, for a total transaction of $79,152.32. Following the sale, the director owned 85,573 shares of the company's stock, valued at $725,659.04. This trade represents a 9.83% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, SVP Alan B. Cardenas sold 6,101 shares of the firm's stock in a transaction dated Tuesday, May 20th. The shares were sold at an average price of $8.65, for a total transaction of $52,773.65. Following the sale, the senior vice president directly 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. Insiders have sold a total of 37,270 shares of company stock worth $356,087 in the last ninety days. 16.80% of the stock is owned by company insiders.

Coursera 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.