Millennium Management LLC Sells 589,081 Shares of Coursera, Inc. (NYSE:COUR)

Millennium Management LLC lessened its holdings in Coursera, Inc. (NYSE:COUR - Free Report) by 24.9% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,779,476 shares of the company's stock after selling 589,081 shares during the quarter. Millennium Management LLC owned 1.12% of Coursera worth $15,126,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds also recently made changes to their positions in the company. Norges Bank bought a new position in shares of Coursera in the fourth quarter valued at approximately $17,010,000. Ameriprise Financial Inc. boosted its position 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 acquiring an additional 1,020,969 shares during the period. BNP Paribas Financial Markets bought a new position in shares of Coursera in the fourth quarter valued at approximately $6,612,000. Senvest Management LLC boosted its position in shares of Coursera by 89.0% in the fourth quarter. Senvest Management LLC now owns 1,214,798 shares of the company's stock valued at $10,326,000 after acquiring an additional 571,992 shares during the period. Finally, Federated Hermes Inc. boosted its position in shares of Coursera by 61,498.1% in the fourth quarter. Federated Hermes Inc. now owns 478,001 shares of the company's stock valued at $4,063,000 after acquiring an additional 477,225 shares during the period. Institutional investors own 89.55% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities analysts have recently commented on COUR shares. Telsey Advisory Group restated an "outperform" rating and issued a $12.00 price objective on shares of Coursera in a research report on Tuesday, April 22nd. JPMorgan Chase & Co. lowered their target price on shares of Coursera from $8.00 to $7.00 and set a "neutral" rating on the stock in a research note on Tuesday, April 8th. Morgan Stanley raised their target price on shares of Coursera from $9.00 to $10.00 and gave the company an "overweight" rating in a research note on Friday, April 25th. Royal Bank of Canada reaffirmed an "outperform" rating and issued a $10.00 target price on shares of Coursera in a research note on Friday, January 31st. Finally, Needham & Company LLC reaffirmed a "buy" rating and issued a $11.00 target price on shares of Coursera in a research note on Friday, April 25th. Two investment analysts have rated the stock with a sell rating, three have given a hold rating and seven have issued a buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Hold" and an average price target of $9.31.

Insider Buying and Selling

In related news, SVP Alan B. Cardenas sold 6,101 shares of Coursera stock in a transaction on Tuesday, May 20th. The shares were sold at an average price of $8.65, for a total value of $52,773.65. Following the sale, the senior vice president now owns 293,368 shares in the company, valued at $2,537,633.20. The trade was a 2.04% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Sabrina Simmons sold 9,335 shares of Coursera stock in a transaction on Thursday, May 22nd. The shares were sold at an average price of $8.48, for a total transaction of $79,160.80. Following the completion of the sale, the director now owns 50,215 shares in the company, valued at approximately $425,823.20. This trade represents a 15.68% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 24,770 shares of company stock valued at $211,087 over the last three months. 16.80% of the stock is owned by company insiders.

Coursera Trading Up 0.1%

Shares of COUR stock traded up $0.01 during trading hours on Wednesday, hitting $8.58. 205,950 shares of the company's stock were exchanged, compared to its average volume of 2,286,802. The company has a market capitalization of $1.38 billion, a PE ratio of -16.49 and a beta of 1.38. Coursera, Inc. has a 12-month low of $5.76 and a 12-month high of $11.74. The business's 50 day simple moving average is $7.72 and its 200-day simple moving average is $7.94.

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

Coursera Company 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.