Man Group plc Has $399,000 Stake in Coursera, Inc. (NYSE:COUR)

Man Group plc reduced its stake in Coursera, Inc. (NYSE:COUR - Free Report) by 46.6% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 46,912 shares of the company's stock after selling 40,974 shares during the quarter. Man Group plc's holdings in Coursera were worth $399,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. Norges Bank bought a new stake in shares of Coursera in the fourth quarter worth $17,010,000. Ameriprise Financial Inc. lifted 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 worth $12,107,000 after purchasing an additional 1,020,969 shares in the last quarter. BNP Paribas Financial Markets bought a new stake in shares of Coursera in the fourth quarter worth $6,612,000. Senvest Management LLC lifted 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 worth $10,326,000 after purchasing an additional 571,992 shares in the last quarter. Finally, Federated Hermes Inc. lifted 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 worth $4,063,000 after purchasing an additional 477,225 shares in the last quarter. 89.55% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of brokerages recently weighed in on COUR. Bank of America restated an "underperform" rating and set a $7.00 target price on shares of Coursera in a report on Thursday, March 27th. Needham & Company LLC restated a "buy" rating and set a $11.00 target price on shares of Coursera in a report on Friday, April 25th. Morgan Stanley boosted their target price on shares of Coursera from $9.00 to $10.00 and gave the stock an "overweight" rating in a report on Friday, April 25th. Royal Bank of Canada restated an "outperform" rating and set a $10.00 target price on shares of Coursera in a report on Friday, January 31st. Finally, Telsey Advisory Group restated an "outperform" rating and set a $12.00 target price on shares of Coursera in a report on Tuesday, April 22nd. Two 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. Based on data from MarketBeat, the company presently has an average rating of "Hold" and a consensus price target of $9.31.

Coursera Stock Down 1.6%

Shares of Coursera stock traded down $0.14 during trading on Friday, reaching $8.85. The company's stock had a trading volume of 1,533,669 shares, compared to its average volume of 2,278,487. The business's 50-day moving average price is $7.82 and its 200-day moving average price is $7.97. The firm has a market cap of $1.43 billion, a PE ratio of -17.02 and a beta of 1.38. Coursera, Inc. has a 52 week low of $5.76 and a 52 week high of $11.74.

Coursera (NYSE:COUR - Get Free Report) last announced its earnings results on Thursday, April 24th. The company reported $0.12 earnings per share (EPS) for the quarter, beating analysts' consensus estimates 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 company had revenue of $179.30 million during the quarter, compared to analysts' expectations of $175.60 million. During the same quarter in the previous year, the business posted $0.07 earnings per share. Coursera's quarterly revenue was up 6.0% on a year-over-year basis. Equities analysts predict that Coursera, Inc. will post -0.28 earnings per share for the current year.

Insider Buying and Selling

In other news, Director Sabrina Simmons sold 9,335 shares of the stock in a transaction dated Thursday, May 22nd. The shares were sold at an average price of $8.48, for a total value of $79,160.80. Following the completion of the transaction, the director now owns 50,215 shares of the company's stock, valued at approximately $425,823.20. This represents a 15.68% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Amanda Clark sold 9,334 shares of the stock in a transaction dated Thursday, May 22nd. The stock was sold at an average price of $8.48, for a total transaction of $79,152.32. Following the completion of the transaction, the director now directly owns 85,573 shares of the company's stock, valued at $725,659.04. This trade represents a 9.83% decrease in their position. The disclosure for this sale can be found here. Insiders sold 24,770 shares of company stock valued at $211,087 over the last quarter. 16.80% of the stock is owned by company insiders.

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.