Two Sigma Advisers LP Acquires 540,100 Shares of Coursera, Inc. (NYSE:COUR)

Two Sigma Advisers LP grew its position in shares of Coursera, Inc. (NYSE:COUR - Free Report) by 636.2% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 625,000 shares of the company's stock after buying an additional 540,100 shares during the quarter. Two Sigma Advisers LP owned 0.39% of Coursera worth $5,312,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also recently modified their holdings of the company. Vanguard Group Inc. lifted its holdings in shares of 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 buying an additional 440,948 shares during the period. Norges Bank bought a new position in shares of Coursera during the 4th quarter valued at $17,010,000. Ameriprise Financial Inc. lifted its holdings 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 buying an additional 1,020,969 shares during the period. Northern Trust Corp lifted its holdings in shares of Coursera by 12.7% during the 4th quarter. Northern Trust Corp now owns 1,280,107 shares of the company's stock valued at $10,881,000 after buying an additional 144,577 shares during the period. Finally, Senvest Management LLC lifted its holdings in shares of Coursera by 89.0% during the 4th quarter. Senvest Management LLC now owns 1,214,798 shares of the company's stock valued at $10,326,000 after buying an additional 571,992 shares during the period. 89.55% of the stock is owned by institutional investors.

Insiders Place Their Bets

In other Coursera news, Director Amanda Clark sold 9,334 shares of the 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 completion of the transaction, the director now owns 85,573 shares of the company's stock, valued at $725,659.04. This represents a 9.83% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, SVP Alan B. Cardenas sold 6,101 shares of the 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 transaction, the senior vice president now directly owns 293,368 shares of the company's stock, valued at $2,537,633.20. This trade represents a 2.04% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 24,770 shares of company stock worth $211,087. Corporate insiders own 16.80% of the company's stock.

Analyst Ratings Changes

Several research firms have recently weighed in on COUR. Needham & Company LLC reissued a "buy" rating and set a $11.00 price target on shares of Coursera in a report on Friday, April 25th. Morgan Stanley upped their price objective on Coursera from $9.00 to $10.00 and gave the stock an "overweight" rating in a research note on Friday, April 25th. Telsey Advisory Group restated an "outperform" rating and issued a $12.00 price objective on shares of Coursera in a research note on Tuesday, April 22nd. JPMorgan Chase & Co. reduced their price objective on Coursera from $8.00 to $7.00 and set a "neutral" rating for the company in a research note on Tuesday, April 8th. Finally, Bank of America restated an "underperform" rating and issued a $7.00 price objective on shares of Coursera in a research note on Thursday, March 27th. Two analysts have rated the stock with a sell rating, three have issued a hold rating and seven have issued a buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Hold" and a consensus price target of $9.31.

Coursera Stock Down 0.5%

COUR stock traded down $0.05 during trading on Friday, reaching $8.95. The company's stock had a trading volume of 228,657 shares, compared to its average volume of 2,275,925. Coursera, Inc. has a 1 year low of $5.76 and a 1 year high of $11.74. The company has a market capitalization of $1.44 billion, a P/E ratio of -17.20 and a beta of 1.38. The company's fifty day moving average is $7.79 and its 200-day moving average is $7.96.

Coursera (NYSE:COUR - Get Free Report) last issued its quarterly earnings results on Thursday, April 24th. The company reported $0.12 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.08 by $0.04. Coursera had a negative return on equity of 9.42% and a negative net margin of 11.45%. The business had revenue of $179.30 million during the quarter, compared to analyst estimates of $175.60 million. During the same quarter in the prior year, the business posted $0.07 EPS. Coursera's revenue for the quarter was up 6.0% compared to the same quarter last year. Analysts anticipate that Coursera, Inc. will post -0.28 earnings per share for the current year.

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.