GSA Capital Partners LLP Sells 102,026 Shares of Coursera, Inc. (NYSE:COUR)

GSA Capital Partners LLP lessened its holdings in shares of Coursera, Inc. (NYSE:COUR - Free Report) by 49.1% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 105,631 shares of the company's stock after selling 102,026 shares during the quarter. GSA Capital Partners LLP owned approximately 0.07% of Coursera worth $704,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also recently modified their holdings of COUR. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its holdings in Coursera by 1.8% during the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 101,948 shares of the company's stock valued at $867,000 after purchasing an additional 1,785 shares during the period. CWM LLC grew its stake in shares of Coursera by 13.7% during the 1st quarter. CWM LLC now owns 23,794 shares of the company's stock valued at $158,000 after acquiring an additional 2,872 shares during the period. QRG Capital Management Inc. increased its holdings in Coursera by 24.1% in the 1st quarter. QRG Capital Management Inc. now owns 17,698 shares of the company's stock worth $118,000 after acquiring an additional 3,434 shares in the last quarter. State of Wyoming raised its stake in Coursera by 959.1% during the 4th quarter. State of Wyoming now owns 3,887 shares of the company's stock worth $33,000 after acquiring an additional 3,520 shares during the period. Finally, Wealth Enhancement Advisory Services LLC lifted its holdings in Coursera by 34.8% during the first quarter. Wealth Enhancement Advisory Services LLC now owns 13,649 shares of the company's stock valued at $91,000 after purchasing an additional 3,521 shares in the last quarter. Institutional investors own 89.55% of the company's stock.

Insider Buying and Selling at Coursera

In other news, Director Sabrina Simmons sold 9,335 shares of the business's stock in a transaction that occurred on Thursday, May 22nd. The stock was sold at an average price of $8.48, for a total transaction of $79,160.80. Following the transaction, the director owned 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 transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CAO Michele M. Meyers sold 12,500 shares of the stock in a transaction on Friday, July 25th. The shares were sold at an average price of $11.60, for a total value of $145,000.00. Following the sale, the chief accounting officer owned 253,351 shares in the company, valued at $2,938,871.60. The trade was a 4.70% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 37,270 shares of company stock worth $356,087 over the last three months. 16.80% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

COUR has been the subject of a number of analyst reports. Scotiabank increased their price objective on shares of Coursera from $9.00 to $11.00 and gave the stock a "sector perform" rating in a research note on Friday, July 25th. Loop Capital increased their price target on Coursera from $12.00 to $15.00 and gave the stock a "buy" rating in a research note on Friday, July 25th. Morgan Stanley boosted their price objective on Coursera from $11.00 to $12.00 and gave the company an "equal weight" rating in a research report on Friday, July 25th. JPMorgan Chase & Co. upped their price objective on Coursera from $8.00 to $9.00 and gave the stock a "neutral" rating in a research note on Wednesday, July 16th. Finally, Needham & Company LLC reissued a "buy" rating and set a $11.00 target price on shares of Coursera in a research note on Monday, July 21st. One investment analyst has rated the stock with a sell rating, five have given a hold rating and eight have given a buy rating to the company's stock. Based on data from MarketBeat, Coursera currently has a consensus rating of "Moderate Buy" and an average price target of $11.25.

Coursera Price Performance

NYSE COUR opened at $12.17 on Friday. Coursera, Inc. has a 1-year low of $5.76 and a 1-year high of $13.56. The business has a 50 day simple moving average of $9.08 and a two-hundred day simple moving average of $8.27. The stock has a market capitalization of $1.96 billion, a PE ratio of -36.88 and a beta of 1.40.

Coursera (NYSE:COUR - Get Free Report) last posted its earnings results on Thursday, July 24th. The company reported $0.12 earnings per share for the quarter, beating analysts' consensus estimates of $0.09 by $0.03. Coursera had a negative net margin of 7.05% and a negative return on equity of 5.22%. The firm had revenue of $187.10 million during the quarter, compared to analyst estimates of $180.52 million. During the same period last year, the firm posted $0.09 earnings per share. Coursera's revenue for the quarter was up 9.9% compared to the same quarter last year. On average, analysts anticipate that Coursera, Inc. will post -0.28 EPS for the current fiscal 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.

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