Squarepoint Ops LLC Buys 52,621 Shares of Coursera, Inc. (NYSE:COUR)

Squarepoint Ops LLC increased its stake in Coursera, Inc. (NYSE:COUR - Free Report) by 51.5% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 154,730 shares of the company's stock after purchasing an additional 52,621 shares during the quarter. Squarepoint Ops LLC owned approximately 0.10% of Coursera worth $1,315,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Two Sigma Advisers LP raised its position in Coursera by 636.2% during the fourth quarter. Two Sigma Advisers LP now owns 625,000 shares of the company's stock valued at $5,312,000 after purchasing an additional 540,100 shares in the last quarter. Two Sigma Investments LP bought a new position in shares of Coursera during the fourth quarter valued at $8,710,000. State of Wyoming raised its stake in shares of Coursera by 959.1% in the fourth quarter. State of Wyoming now owns 3,887 shares of the company's stock worth $33,000 after purchasing an additional 3,520 shares during the last quarter. ProShare Advisors LLC raised its stake in Coursera by 49.0% during the 4th quarter. ProShare Advisors LLC now owns 38,746 shares of the company's stock valued at $329,000 after buying an additional 12,749 shares during the last quarter. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its position in Coursera by 1.8% in the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 101,948 shares of the company's stock worth $867,000 after purchasing an additional 1,785 shares during the last quarter. Institutional investors own 89.55% of the company's stock.

Analyst Ratings Changes

Several research analysts recently weighed in on the stock. Telsey Advisory Group reaffirmed an "outperform" rating and issued a $12.00 target price on shares of Coursera in a report on Tuesday, April 22nd. Needham & Company LLC reiterated a "buy" rating and issued a $11.00 price target on shares of Coursera in a research report on Friday, April 25th. JPMorgan Chase & Co. reduced their target price on shares of Coursera from $8.00 to $7.00 and set a "neutral" rating on the stock in a research note on Tuesday, April 8th. Bank of America reiterated an "underperform" rating and set a $7.00 target price on shares of Coursera in a research report on Thursday, March 27th. Finally, Morgan Stanley lifted their target price on Coursera from $9.00 to $10.00 and gave the company an "overweight" rating in a research report on Friday, April 25th. Two equities research 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. Based on data from MarketBeat, the stock has an average rating of "Hold" and a consensus price target of $9.31.

Coursera Price Performance

NYSE:COUR traded up $0.28 during mid-day trading on Wednesday, reaching $9.36. The stock had a trading volume of 2,411,529 shares, compared to its average volume of 2,271,009. Coursera, Inc. has a 1-year low of $5.76 and a 1-year high of $11.74. The stock's 50 day simple moving average is $7.95 and its two-hundred day simple moving average is $8.01. The company has a market capitalization of $1.51 billion, a price-to-earnings ratio of -18.00 and a beta of 1.38.

Coursera (NYSE:COUR - Get Free Report) last announced its quarterly earnings data on Thursday, April 24th. The company reported $0.12 EPS for the quarter, beating analysts' consensus estimates of $0.08 by $0.04. The company had revenue of $179.30 million during the quarter, compared to the consensus estimate of $175.60 million. Coursera had a negative return on equity of 9.42% and a negative net margin of 11.45%. The company's quarterly revenue was up 6.0% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.07 EPS. Sell-side analysts anticipate that Coursera, Inc. will post -0.28 EPS for the current fiscal year.

Insider Activity at Coursera

In other news, Director Amanda Clark sold 9,334 shares of the business's stock in a transaction that occurred on Thursday, May 22nd. The shares were sold at an average price of $8.48, for a total value of $79,152.32. Following the transaction, the director now owns 85,573 shares in the company, valued at approximately $725,659.04. The trade was a 9.83% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, SVP Alan B. Cardenas sold 6,101 shares of the stock in a transaction that occurred on Tuesday, May 20th. The stock was sold at an average price of $8.65, for a total value of $52,773.65. Following the completion of the transaction, the senior vice president now owns 293,368 shares in the company, valued at approximately $2,537,633.20. The trade was a 2.04% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 24,770 shares of company stock valued at $211,087 in the last 90 days. 16.80% of the stock is owned by corporate insiders.

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.