PDT Partners LLC Purchases 25,015 Shares of Coursera, Inc. $COUR

Key Points

• PDT Partners LLC increased its holdings in Coursera, Inc. by 28.8% in the first quarter, now owning 112,002 shares valued at approximately $746,000.
• Several institutional investors have significantly boosted their positions in Coursera, with Quarry LP increasing holdings by 1,848.6% in the same quarter.
• Insider trading activity includes sales of 115,000 shares valued at $1.36 million in the past 90 days, representing a decrease in ownership for key executives.

PDT Partners LLC grew its position in Coursera, Inc. (NYSE:COUR - Free Report) by 28.8% in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 112,002 shares of the company's stock after buying an additional 25,015 shares during the period. PDT Partners LLC owned approximately 0.07% of Coursera worth $746,000 at the end of the most recent quarter.

A number of other hedge funds have also recently added to or reduced their stakes in the stock. Quarry LP grew its position in Coursera by 1,848.6% during the first quarter. Quarry LP now owns 4,131 shares of the company's stock valued at $28,000 after buying an additional 3,919 shares during the period. State of Wyoming boosted its holdings in Coursera by 959.1% in 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. Pale Fire Capital SE purchased a new position in Coursera during the 1st quarter valued at about $67,000. Xponance Inc. purchased a new stake in shares of Coursera during the 1st quarter valued at about $69,000. Finally, Pallas Capital Advisors LLC acquired a new position in Coursera during the 1st quarter valued at approximately $71,000. Institutional investors and hedge funds own 89.55% of the company's stock.

Insider Buying and Selling at Coursera

In other Coursera news, CAO Michele M. Meyers sold 2,500 shares of the stock in a transaction dated Friday, August 15th. The shares were sold at an average price of $11.94, for a total value of $29,850.00. Following the completion of the transaction, the chief accounting officer directly owned 241,295 shares of the company's stock, valued at approximately $2,881,062.30. This trade represents a 1.03% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, SVP Alan B. Cardenas sold 24,631 shares of Coursera stock in a transaction that occurred on Wednesday, September 3rd. The stock was sold at an average price of $11.14, for a total value of $274,389.34. Following the completion of the transaction, the senior vice president owned 258,526 shares of the company's stock, valued at approximately $2,879,979.64. The trade was a 8.70% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 139,631 shares of company stock worth $1,637,489 over the last ninety days. Company insiders own 16.80% of the company's stock.

Coursera Stock Performance

Shares of NYSE:COUR traded up $0.36 on Monday, hitting $11.62. The stock had a trading volume of 1,889,944 shares, compared to its average volume of 2,245,554. The company has a market capitalization of $1.87 billion, a price-to-earnings ratio of -35.20 and a beta of 1.40. Coursera, Inc. has a twelve month low of $5.76 and a twelve month high of $13.56. The firm's 50 day moving average price is $10.58 and its 200-day moving average price is $8.84.

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

Analyst Upgrades and Downgrades

Several analysts have issued reports on the company. Wall Street Zen upgraded Coursera from a "hold" rating to a "buy" rating in a research note on Saturday, July 26th. Cantor Fitzgerald lifted their price objective on Coursera from $10.00 to $13.00 and gave the company an "overweight" rating in a research report on Friday, July 25th. Telsey Advisory Group reaffirmed an "outperform" rating and issued a $14.00 target price on shares of Coursera in a report on Friday, August 15th. Scotiabank increased their price objective on shares of Coursera from $9.00 to $11.00 and gave the company a "sector perform" rating in a research note on Friday, July 25th. Finally, UBS Group lifted their price objective on shares of Coursera from $8.50 to $10.00 and gave the company a "neutral" rating in a report on Friday, July 25th. Seven equities research analysts have rated the stock with a Buy rating, six have given a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, the company presently has an average rating of "Hold" and a consensus target price of $11.40.

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.