Coursera, Inc. (NYSE:COUR) Shares Sold by Voloridge Investment Management LLC

Voloridge Investment Management LLC lowered its position in shares of Coursera, Inc. (NYSE:COUR - Free Report) by 6.3% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 1,971,709 shares of the company's stock after selling 132,406 shares during the period. Voloridge Investment Management LLC owned approximately 1.24% of Coursera worth $16,760,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in COUR. Norges Bank acquired a new position in shares of Coursera during the fourth quarter worth $17,010,000. Two Sigma Investments LP acquired a new position in shares of Coursera during the fourth quarter worth $8,710,000. Ameriprise Financial Inc. lifted its position in shares of Coursera by 253.1% during the fourth quarter. Ameriprise Financial Inc. now owns 1,424,354 shares of the company's stock worth $12,107,000 after purchasing an additional 1,020,969 shares in the last quarter. BNP Paribas Financial Markets acquired a new position in shares of Coursera during the fourth quarter worth $6,612,000. Finally, Senvest Management LLC increased its stake 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 worth $10,326,000 after buying an additional 571,992 shares during the last quarter. 89.55% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

COUR has been the subject of a number of research analyst reports. JPMorgan Chase & Co. dropped their price target on shares of Coursera from $8.00 to $7.00 and set a "neutral" rating for the company in a research note on Tuesday, April 8th. Morgan Stanley lifted their price target on shares of 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 target on shares of Coursera in a research note on Tuesday, April 22nd. Bank of America restated an "underperform" rating and issued a $7.00 price target on shares of Coursera in a research note on Thursday, March 27th. Finally, Needham & Company LLC restated a "buy" rating and issued a $11.00 price target on shares of Coursera in a research note on Friday, April 25th. Two equities research analysts have rated the stock with a sell rating, three have assigned a hold rating and seven have assigned a buy rating to the stock. Based on data from MarketBeat, Coursera currently has a consensus rating of "Hold" and an average price target of $9.31.

Insider Transactions at Coursera

In other news, SVP Alan B. Cardenas sold 6,101 shares of the company's 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 completion of the transaction, the senior vice president now owns 293,368 shares in the company, valued at approximately $2,537,633.20. This represents a 2.04% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 16.80% of the company's stock.

Coursera Stock Performance

Coursera stock opened at $8.55 on Friday. The company has a 50-day simple moving average of $7.64 and a 200-day simple moving average of $7.91. The firm has a market capitalization of $1.38 billion, a P/E ratio of -16.44 and a beta of 1.38. Coursera, Inc. has a one year low of $5.76 and a one year high of $11.74.

Coursera (NYSE:COUR - Get Free Report) last released 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. The business had revenue of $179.30 million during the quarter, compared to analyst estimates of $175.60 million. Coursera had a negative net margin of 11.45% and a negative return on equity of 9.42%. The company's quarterly revenue was up 6.0% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.07 earnings per share. As a group, sell-side analysts forecast that Coursera, Inc. will post -0.28 earnings per share for the current year.

About Coursera

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.