Sand Hill Global Advisors LLC Takes $413,000 Position in Coursera, Inc. $COUR

Key Points

• Sand Hill Global Advisors LLC has acquired a new stake in Coursera, Inc., purchasing 61,988 shares valued at approximately $413,000 in the first quarter of 2023.
• Coursera's CFO, Kenneth R. Hahn, sold 25,000 shares of stock worth about $298,000, decreasing his ownership by 2.32%.
• Brokerages have recently upgraded Coursera's rating to "buy", with target prices ranging up to $14.00, reflecting positive sentiment on its growth potential.

Sand Hill Global Advisors LLC bought a new position in Coursera, Inc. (NYSE:COUR - Free Report) during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 61,988 shares of the company's stock, valued at approximately $413,000.

A number of other institutional investors have also recently modified their holdings of COUR. LPL Financial LLC purchased a new stake in shares of Coursera in the fourth quarter worth $142,000. Wells Fargo & Company MN grew its stake in shares of Coursera by 49.3% in the fourth quarter. Wells Fargo & Company MN now owns 64,545 shares of the company's stock worth $549,000 after acquiring an additional 21,315 shares during the last quarter. Cerity Partners LLC grew its stake in shares of Coursera by 149.7% in the fourth quarter. Cerity Partners LLC now owns 25,539 shares of the company's stock worth $215,000 after acquiring an additional 15,312 shares during the last quarter. Legal & General Group Plc grew its stake in shares of Coursera by 8.7% in the fourth quarter. Legal & General Group Plc now owns 181,230 shares of the company's stock worth $1,540,000 after acquiring an additional 14,488 shares during the last quarter. Finally, Renaissance Technologies LLC purchased a new stake in shares of Coursera in the fourth quarter worth $390,000. 89.55% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several equities research analysts recently commented on COUR shares. Loop Capital increased their price objective on Coursera from $12.00 to $15.00 and gave the company a "buy" rating in a research report on Friday, July 25th. Zacks Research downgraded Coursera from a "strong-buy" rating to a "hold" rating in a report on Monday, August 18th. Cantor Fitzgerald lifted their price objective on Coursera from $10.00 to $13.00 and gave the stock an "overweight" rating in a report on Friday, July 25th. KeyCorp reiterated an "overweight" rating and issued a $12.00 price objective (up from $11.00) on shares of Coursera in a report on Friday, July 25th. Finally, Telsey Advisory Group reiterated an "outperform" rating and issued a $14.00 price objective on shares of Coursera in a report on Friday, August 15th. Seven equities research analysts have rated the stock with a Buy rating, six have given a Hold rating and one has assigned a Sell rating to the company's stock. According to data from MarketBeat, the company has a consensus rating of "Hold" and an average price target of $11.40.

Coursera Stock Up 0.9%

NYSE:COUR traded up $0.0980 on Friday, hitting $11.3780. The stock had a trading volume of 3,007,458 shares, compared to its average volume of 5,112,143. The stock has a market cap of $1.84 billion, a price-to-earnings ratio of -34.48 and a beta of 1.40. The business's 50-day simple moving average is $10.01 and its two-hundred day simple moving average is $8.61. Coursera, Inc. has a 52-week low of $5.76 and a 52-week 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, topping the consensus estimate of $0.09 by $0.03. The business had revenue of $187.10 million for the quarter, compared to analysts' expectations 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, equities research analysts anticipate that Coursera, Inc. will post -0.28 EPS for the current year.

Insider Activity

In other Coursera news, CFO Kenneth R. Hahn sold 75,000 shares of the firm's stock in a transaction dated Thursday, August 14th. The stock was sold at an average price of $11.87, for a total value of $890,250.00. Following the transaction, the chief financial officer directly owned 1,075,853 shares of the company's stock, valued at approximately $12,770,375.11. This trade represents a 6.52% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CAO Michele M. Meyers sold 12,500 shares of the firm's stock in a transaction dated Friday, July 25th. The stock was sold at an average price of $11.60, for a total value of $145,000.00. Following the completion of the transaction, the chief accounting officer directly owned 253,351 shares in the company, valued at $2,938,871.60. The trade was a 4.70% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 115,000 shares of company stock worth $1,363,100 over the last three months. Insiders own 16.80% of the company's stock.

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.