Caledonia Private Investments Pty Ltd Takes Position in Coursera, Inc. $COUR

Caledonia Private Investments Pty Ltd bought a new position in shares of Coursera, Inc. (NYSE:COUR - Free Report) in the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm bought 20,375,448 shares of the company's stock, valued at approximately $114,918,000. Coursera accounts for about 3.9% of Caledonia Private Investments Pty Ltd's investment portfolio, making the stock its 5th largest position. Caledonia Private Investments Pty Ltd owned approximately 7.71% of Coursera at the end of the most recent quarter.

A number of other hedge funds have also added to or reduced their stakes in COUR. Aster Capital Management DIFC Ltd bought a new stake in shares of Coursera in the 4th quarter valued at $25,000. Quarry LP boosted its stake in Coursera by 619.9% during the third quarter. Quarry LP now owns 4,024 shares of the company's stock worth $47,000 after acquiring an additional 3,465 shares in the last quarter. Caitong International Asset Management Co. Ltd boosted its stake in Coursera by 224.1% during the fourth quarter. Caitong International Asset Management Co. Ltd now owns 4,939 shares of the company's stock worth $36,000 after acquiring an additional 3,415 shares in the last quarter. Clearstead Trust LLC acquired a new stake in Coursera in the fourth quarter worth $39,000. Finally, Optiver Holding B.V. acquired a new stake in Coursera in the first quarter worth $31,000. 89.55% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several brokerages have recently commented on COUR. KeyCorp restated an "overweight" rating on shares of Coursera in a research note on Wednesday, June 24th. BMO Capital Markets reiterated an "outperform" rating on shares of Coursera in a report on Thursday, July 30th. Zacks Research raised Coursera from a "hold" rating to a "strong-buy" rating in a research note on Friday, July 24th. Needham & Company LLC restated a "buy" rating and set a $10.00 price objective on shares of Coursera in a report on Wednesday, June 24th. Finally, Royal Bank Of Canada reaffirmed an "outperform" rating and set a $7.00 target price on shares of Coursera in a research report on Wednesday, June 24th. One research analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating, three have assigned a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $8.55.

Coursera Stock Performance

Shares of COUR stock opened at $6.03 on Tuesday. The company has a market capitalization of $1.59 billion, a price-to-earnings ratio of -9.00, a PEG ratio of 0.76 and a beta of 1.24. Coursera, Inc. has a 52-week low of $5.00 and a 52-week high of $12.32. The company has a 50-day simple moving average of $5.68 and a two-hundred day simple moving average of $5.78.

Coursera (NYSE:COUR - Get Free Report) last announced its earnings results on Wednesday, July 29th. The company reported $0.17 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.10 by $0.07. The firm had revenue of $298.60 million during the quarter, compared to analyst estimates of $293.61 million. Coursera had a negative return on equity of 1.72% and a negative net margin of 15.39%.The business's revenue was up 59.6% compared to the same quarter last year. During the same period last year, the firm posted $0.12 EPS. On average, sell-side analysts forecast that Coursera, Inc. will post 0.16 EPS for the current fiscal year.

Coursera announced that its board has authorized a share buyback plan on Monday, May 18th that permits the company to buyback $500.00 million in outstanding shares. This buyback authorization permits the company to reacquire up to 55.9% of its stock through open market purchases. Stock buyback plans are typically a sign that the company's leadership believes its stock is undervalued.

Insider Buying and Selling at Coursera

In other news, SVP Alan B. Cardenas sold 9,139 shares of the firm's stock in a transaction that occurred on Monday, August 17th. The shares were sold at an average price of $5.71, for a total value of $52,183.69. Following the completion of the transaction, the senior vice president directly owned 236,237 shares in the company, valued at approximately $1,348,913.27. This trade represents a 3.72% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 16.30% of the company's stock.

Coursera Company Profile

Coursera, Inc NYSE: COUR operates a leading online learning platform that delivers courses, specializations, professional certificates and fully accredited degree programs in collaboration with top universities and industry partners. Founded in 2012 by Stanford University professors Andrew Ng and Daphne Koller, Coursera's mission is to provide universal access to world-class education and bridge skill gaps in a rapidly evolving job market.

The platform features more than 6,000 offerings created by over 275 academic institutions and corporate entities, spanning fields such as data science, business, technology, health care and the arts.

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