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Corton Capital Inc. Cuts Stock Holdings in Coursera, Inc. (NYSE:COUR)

Coursera logo with Business Services background

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.
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Corton Capital Inc. lessened its position in shares of Coursera, Inc. (NYSE:COUR - Free Report) by 68.5% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 10,602 shares of the company's stock after selling 23,079 shares during the period. Corton Capital Inc.'s holdings in Coursera were worth $71,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in COUR. Vanguard Group Inc. raised its holdings in 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 acquiring an additional 440,948 shares during the period. Norges Bank purchased a new position in shares of Coursera in the fourth quarter valued at $17,010,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its stake in shares of Coursera by 0.9% during the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 1,662,492 shares of the company's stock valued at $14,131,000 after purchasing an additional 14,873 shares during the period. Ameriprise Financial Inc. raised its stake in shares of Coursera by 253.1% during the 4th quarter. Ameriprise Financial Inc. now owns 1,424,354 shares of the company's stock valued at $12,107,000 after purchasing an additional 1,020,969 shares during the period. Finally, Northern Trust Corp lifted its holdings in Coursera by 12.7% during the 4th 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. Hedge funds and other institutional investors own 89.55% of the company's stock.

Insiders Place Their Bets

In related news, Director Sabrina Simmons sold 9,335 shares of the business's stock in a transaction that occurred on Thursday, May 22nd. The stock was sold at an average price of $8.48, for a total value of $79,160.80. Following the completion of the sale, the director owned 50,215 shares in the company, valued at $425,823.20. The trade was a 15.68% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, SVP Alan B. Cardenas sold 6,101 shares of the company'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 value of $52,773.65. Following the completion of the sale, the senior vice president directly owned 293,368 shares of the company's stock, valued at approximately $2,537,633.20. This represents a 2.04% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 24,770 shares of company stock valued at $211,087 over the last 90 days. Insiders own 16.80% of the company's stock.

Wall Street Analyst Weigh In

COUR has been the subject of a number of recent analyst reports. Loop Capital lifted their target price on Coursera from $12.00 to $15.00 and gave the company a "buy" rating in a report on Friday. Scotiabank increased their price target on shares of Coursera from $9.00 to $11.00 and gave the stock a "sector perform" rating in a report on Friday. Bank of America raised shares of Coursera from an "underperform" rating to a "neutral" rating and boosted their price objective for the company from $7.00 to $12.00 in a research note on Friday. Royal Bank Of Canada upped their target price on shares of Coursera from $10.00 to $13.00 and gave the stock an "outperform" rating in a report on Friday. Finally, Morgan Stanley increased their target price on shares of Coursera from $11.00 to $12.00 and gave the stock an "equal weight" rating in a research note on Friday. 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's stock. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $11.25.

View Our Latest Stock Analysis on Coursera

Coursera Stock Performance

Coursera stock traded up $0.11 during mid-day trading on Monday, hitting $12.48. 15,995,669 shares of the company traded hands, compared to its average volume of 3,196,505. Coursera, Inc. has a one year low of $5.76 and a one year high of $13.56. The stock has a market cap of $2.01 billion, a price-to-earnings ratio of -37.82 and a beta of 1.36. The stock has a fifty day moving average price of $8.79 and a 200-day moving average price of $8.16.

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 company had revenue of $187.10 million during the quarter, compared to the consensus estimate of $180.52 million. Coursera had a negative net margin of 7.05% and a negative return on equity of 5.22%. The firm's revenue was up 9.9% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.09 EPS. Sell-side analysts predict that Coursera, Inc. will post -0.28 EPS for the current year.

About Coursera

(Free Report)

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.

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Institutional Ownership by Quarter for Coursera (NYSE:COUR)

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