Voloridge Investment Management LLC Has $16.76 Million Stake in Coursera, Inc. (NYSE:COUR)

Voloridge Investment Management LLC reduced its position in Coursera, Inc. (NYSE:COUR - Free Report) by 6.3% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 1,971,709 shares of the company's stock after selling 132,406 shares during the period. Voloridge Investment Management LLC owned about 1.24% of Coursera worth $16,760,000 at the end of the most recent quarter.

Several other hedge funds also recently bought and sold shares of the company. State of Wyoming increased its holdings in shares of Coursera by 959.1% during the 4th quarter. State of Wyoming now owns 3,887 shares of the company's stock valued at $33,000 after acquiring an additional 3,520 shares during the last quarter. SBI Securities Co. Ltd. acquired a new position in shares of Coursera during the 4th quarter valued at about $35,000. KBC Group NV increased its holdings in shares of Coursera by 90.7% during the 4th quarter. KBC Group NV now owns 9,203 shares of the company's stock valued at $78,000 after acquiring an additional 4,376 shares during the last quarter. Bank of Nova Scotia acquired a new position in shares of Coursera during the 4th quarter valued at about $96,000. Finally, Ethic Inc. acquired a new position in shares of Coursera during the 4th quarter valued at about $102,000. 89.55% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

COUR has been the topic of a number of analyst reports. UBS Group increased their price objective on Coursera from $7.50 to $8.50 and gave the company a "neutral" rating in a report on Friday, January 31st. Telsey Advisory Group reaffirmed an "outperform" rating and issued a $12.00 target price on shares of Coursera in a report on Tuesday, April 22nd. JPMorgan Chase & Co. lowered their target price on Coursera from $8.00 to $7.00 and set a "neutral" rating on the stock in a report on Tuesday, April 8th. Bank of America reaffirmed an "underperform" rating and issued a $7.00 target price on shares of Coursera in a report on Thursday, March 27th. Finally, Needham & Company LLC reaffirmed a "buy" rating and issued a $11.00 target price on shares of Coursera in a report on Friday, April 25th. Two research analysts have rated the stock with a sell rating, three have issued a hold rating and seven have given a buy rating to the company's stock. According to MarketBeat.com, the company currently has an average rating of "Hold" and a consensus price target of $9.31.

Insider Buying and Selling at Coursera

In other news, SVP Alan B. Cardenas sold 6,101 shares of the business's stock in a transaction 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 completion of 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 through this link. Also, Director Sabrina Simmons sold 9,335 shares of the business's stock in a transaction 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 sale, the director now owns 50,215 shares of the company's stock, valued at approximately $425,823.20. The trade was a 15.68% 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. 16.80% of the stock is currently owned by insiders.

Coursera Price Performance

Shares of Coursera stock traded up $0.20 during midday trading on Wednesday, hitting $8.77. 399,485 shares of the company were exchanged, compared to its average volume of 2,287,674. The firm has a market cap of $1.41 billion, a P/E ratio of -16.86 and a beta of 1.38. Coursera, Inc. has a 52 week low of $5.76 and a 52 week high of $11.74. The firm has a 50 day simple moving average of $7.72 and a 200-day simple moving average of $7.94.

Coursera (NYSE:COUR - Get Free Report) last posted its 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 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 the consensus estimate of $175.60 million. During the same quarter last year, the company earned $0.07 EPS. Coursera's revenue was up 6.0% on a year-over-year basis. Equities research analysts expect 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.