Man Group plc lowered its position in Coursera, Inc. (NYSE:COUR - Free Report) by 46.6% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 46,912 shares of the company's stock after selling 40,974 shares during the period. Man Group plc's holdings in Coursera were worth $399,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other institutional investors have also added to or reduced their stakes in the company. SBI Securities Co. Ltd. bought a new stake in shares of Coursera during the fourth quarter valued at approximately $35,000. KBC Group NV raised its stake in shares of Coursera by 90.7% during the fourth 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 in the last quarter. Bank of Nova Scotia bought a new stake in shares of Coursera during the fourth quarter valued at approximately $96,000. Ethic Inc. bought a new stake in shares of Coursera during the fourth quarter valued at approximately $102,000. Finally, New York State Teachers Retirement System bought a new stake in shares of Coursera during the fourth quarter valued at approximately $107,000. Institutional investors own 89.55% of the company's stock.
Insider Buying and Selling
In related news, SVP Alan B. Cardenas sold 6,101 shares of the company's stock in a transaction that occurred on Tuesday, May 20th. The shares were sold at an average price of $8.65, for a total transaction of $52,773.65. Following the transaction, the senior vice president now owns 293,368 shares of the company's stock, valued at approximately $2,537,633.20. This represents a 2.04% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Sabrina Simmons sold 9,335 shares of Coursera 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 completion of the sale, the director now directly owns 50,215 shares of the company's stock, valued at $425,823.20. The trade was a 15.68% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 24,770 shares of company stock valued at $211,087. 16.80% of the stock is owned by insiders.
Analyst Ratings Changes
A number of brokerages recently commented on COUR. UBS Group boosted their price objective on shares of Coursera from $7.50 to $8.50 and gave the stock a "neutral" rating in a research note on Friday, January 31st. Needham & Company LLC reissued a "buy" rating and issued a $11.00 price objective on shares of Coursera in a research note on Friday, April 25th. JPMorgan Chase & Co. reduced their price objective 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. Royal Bank of Canada reissued an "outperform" rating and issued a $10.00 price objective on shares of Coursera in a research note on Friday, January 31st. Finally, Telsey Advisory Group reaffirmed an "outperform" rating and issued a $12.00 price target on shares of Coursera in a report on Tuesday, April 22nd. Two analysts have rated the stock with a sell rating, three have given a hold rating and seven have issued a buy rating to the stock. According to data from MarketBeat, the stock has an average rating of "Hold" and an average target price of $9.31.
Check Out Our Latest Analysis on COUR
Coursera Price Performance
Shares of COUR stock traded down $0.14 during trading hours on Friday, reaching $8.85. 1,533,669 shares of the company's stock were exchanged, compared to its average volume of 2,277,473. The company has a market cap of $1.43 billion, a P/E ratio of -17.02 and a beta of 1.38. The company's 50 day moving average is $7.82 and its two-hundred day moving average is $7.97. Coursera, Inc. has a 1 year low of $5.76 and a 1 year high of $11.74.
Coursera (NYSE:COUR - Get Free Report) last issued its quarterly earnings data on Thursday, April 24th. The company reported $0.12 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.08 by $0.04. The firm had revenue of $179.30 million during the quarter, compared to analysts' expectations of $175.60 million. Coursera had a negative return on equity of 9.42% and a negative net margin of 11.45%. Coursera's revenue was up 6.0% on a year-over-year basis. During the same period in the previous year, the firm posted $0.07 earnings per share. As a group, analysts predict that Coursera, Inc. will post -0.28 EPS for the current fiscal year.
Coursera Company Profile
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Free Report)
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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