Fox Run Management L.L.C. Sells 37,459 Shares of Coursera, Inc. $COUR

Key Points

• Fox Run Management L.L.C. reduced its holdings in Coursera, Inc. by 49.7%, selling 37,459 shares and now holds 37,946 shares valued at approximately $253,000.
• Institutional investors own 89.55% of Coursera's stock, with significant increases from firms like Vanguard Group Inc. and Ameriprise Financial Inc. during the first quarter.
• Several analysts have upgraded their ratings on Coursera, with Bank of America raising the price target from $7.00 to $12.00, reflecting increased market optimism.

Fox Run Management L.L.C. decreased its holdings in shares of Coursera, Inc. (NYSE:COUR - Free Report) by 49.7% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 37,946 shares of the company's stock after selling 37,459 shares during the period. Fox Run Management L.L.C.'s holdings in Coursera were worth $253,000 as of its most recent SEC filing.

A number of other hedge funds have also recently made changes to their positions in the business. State of Wyoming lifted its position in shares of Coursera by 959.1% during the fourth quarter. State of Wyoming now owns 3,887 shares of the company's stock valued at $33,000 after purchasing an additional 3,520 shares in the last quarter. Xponance Inc. bought a new position in Coursera during the first quarter worth about $69,000. Pallas Capital Advisors LLC bought a new position in Coursera during the first quarter worth about $71,000. Inspire Advisors LLC bought a new position in Coursera during the first quarter worth about $75,000. Finally, Wealth Enhancement Advisory Services LLC bought a new position in shares of Coursera in the fourth quarter valued at approximately $86,000. 89.55% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of equities analysts have recently commented on COUR shares. Scotiabank raised their price objective on shares of Coursera from $9.00 to $11.00 and gave the company a "sector perform" rating in a research report on Friday, July 25th. Morgan Stanley boosted their price objective on shares of Coursera from $11.00 to $12.00 and gave the stock an "equal weight" rating in a report on Friday, July 25th. JPMorgan Chase & Co. boosted their price objective on shares of Coursera from $8.00 to $9.00 and gave the stock a "neutral" rating in a report on Wednesday, July 16th. Bank of America raised shares of Coursera from an "underperform" rating to a "neutral" rating and raised their price target for the stock from $7.00 to $12.00 in a report on Friday, July 25th. Finally, Needham & Company LLC restated a "buy" rating and issued a $11.00 price objective on shares of Coursera in a report on Monday, July 21st. Seven investment analysts have rated the stock with a Buy rating, six have assigned a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of "Hold" and an average target price of $11.40.

Insider Activity at Coursera

In related news, CFO Kenneth R. Hahn sold 25,000 shares of the business's stock in a transaction that occurred on Friday, August 15th. The shares were sold at an average price of $11.92, for a total transaction of $298,000.00. Following the completion of the sale, the chief financial officer directly owned 1,050,853 shares in the company, valued at approximately $12,526,167.76. The trade was a 2.32% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CAO Michele M. Meyers sold 2,500 shares of the company's stock in a transaction that occurred on Friday, August 15th. The stock was sold at an average price of $11.94, for a total transaction of $29,850.00. Following the completion of the transaction, the chief accounting officer owned 241,295 shares of the company's stock, valued at approximately $2,881,062.30. The trade was a 1.03% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 115,000 shares of company stock valued at $1,363,100 over the last 90 days. 16.80% of the stock is currently owned by company insiders.

Coursera Stock Performance

Shares of COUR stock traded down $0.03 during trading hours on Tuesday, reaching $11.11. The company had a trading volume of 2,114,873 shares, compared to its average volume of 3,207,822. The business has a fifty day moving average price of $10.12 and a 200-day moving average price of $8.66. The firm has a market cap of $1.79 billion, a PE ratio of -33.67 and a beta of 1.40. Coursera, Inc. has a one year low of $5.76 and a one year high of $13.56.

Coursera (NYSE:COUR - Get Free Report) last announced its earnings results on Thursday, July 24th. The company reported $0.12 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.09 by $0.03. The company had revenue of $187.10 million during the quarter, compared to analyst estimates of $180.52 million. Coursera had a negative net margin of 7.05% and a negative return on equity of 5.16%. The firm's quarterly revenue was up 9.9% compared to the same quarter last year. During the same period in the previous year, the business posted $0.09 earnings per share. Coursera has set its FY 2025 guidance at EPS. Q3 2025 guidance at EPS. Equities research analysts forecast that Coursera, Inc. will post -0.28 EPS 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.