Corton Capital Inc. Sells 23,079 Shares of Coursera, Inc. (NYSE:COUR)

Key Points

• Corton Capital Inc. reduced its stake in Coursera, Inc. by 68.5%, holding 10,602 shares valued at $71,000 as of its latest SEC filing.
• A number of institutional investors, including Norges Bank and Ameriprise Financial Inc., made significant investments in Coursera, indicating growing interest in the company within the investment community.
• Coursera reported a quarterly earnings per share (EPS) of $0.12, surpassing analyst expectations of $0.09, with revenue rising by 9.9% year-over-year.

Corton Capital Inc. lowered its stake in Coursera, Inc. (NYSE:COUR - Free Report) by 68.5% during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 10,602 shares of the company's stock after selling 23,079 shares during the quarter. Corton Capital Inc.'s holdings in Coursera were worth $71,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also modified their holdings of the company. State of Wyoming increased its stake in shares of Coursera by 959.1% during the 4th quarter. State of Wyoming now owns 3,887 shares of the company's stock worth $33,000 after purchasing an additional 3,520 shares during the last quarter. Xponance Inc. acquired a new position in shares of Coursera during the 1st quarter worth approximately $69,000. Pallas Capital Advisors LLC acquired a new position in shares of Coursera during the 1st quarter worth approximately $71,000. Inspire Advisors LLC acquired a new position in shares of Coursera in the first quarter valued at $75,000. Finally, Wealth Enhancement Advisory Services LLC acquired a new position in shares of Coursera in the fourth quarter valued at $86,000. Institutional investors and hedge funds own 89.55% of the company's stock.

Analyst Ratings Changes

A number of research analysts recently commented on COUR shares. KeyCorp reiterated an "overweight" rating and issued a $12.00 price target (up previously from $11.00) on shares of Coursera in a research note on Friday, July 25th. Loop Capital upped their price objective on Coursera from $12.00 to $15.00 and gave the company a "buy" rating in a report on Friday, July 25th. JPMorgan Chase & Co. upped their price target 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. Needham & Company LLC restated a "buy" rating and set a $11.00 target price on shares of Coursera in a research report on Monday, July 21st. Finally, Cantor Fitzgerald increased their target price on shares of Coursera from $10.00 to $13.00 and gave the stock an "overweight" rating in a research report on Friday, July 25th. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and eight have issued a buy rating to the company's stock. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average price target of $11.25.

Coursera Trading Up 6.6%

NYSE COUR traded up $0.80 on Thursday, hitting $12.76. 3,205,017 shares of the company's stock were exchanged, compared to its average volume of 2,166,252. The stock has a market cap of $2.06 billion, a price-to-earnings ratio of -38.68 and a beta of 1.36. Coursera, Inc. has a 52 week low of $5.76 and a 52 week high of $13.56. The stock has a 50-day moving average of $8.92 and a 200-day moving average of $8.22.

Coursera (NYSE:COUR - Get Free Report) last posted its earnings results on Thursday, July 24th. The company reported $0.12 EPS for the quarter, beating the consensus estimate of $0.09 by $0.03. The firm 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 5.22% and a negative net margin of 7.05%. The business's quarterly revenue was up 9.9% on a year-over-year basis. During the same period last year, the company earned $0.09 earnings per share. As a group, analysts predict that Coursera, Inc. will post -0.28 earnings per share for the current year.

Insider Buying and Selling at Coursera

In related 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 transaction of $79,152.32. Following the completion of the transaction, the director directly 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 document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, SVP Alan B. Cardenas sold 6,101 shares of the firm's stock in a transaction that occurred on Tuesday, May 20th. The stock was sold at an average price of $8.65, for a total transaction of $52,773.65. Following the transaction, the senior vice president owned 293,368 shares of the company's stock, 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 sold a total of 37,270 shares of company stock worth $356,087 over the last ninety days. Insiders own 16.80% of the company's stock.

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.