Trexquant Investment LP Sells 710,394 Shares of Coursera, Inc. $COUR

Key Points

• Trexquant Investment LP has reduced its holdings in Coursera, Inc. by 60.2%, owning 470,351 shares worth approximately $3.13 million after selling 710,394 shares.
• Institutional investors own 89.55% of Coursera's stock, with various hedge funds significantly increasing their stakes in the first quarter of this year.
• Analysts have mixed ratings on Coursera, with seven analysts rating it as a Buy and a consensus target price of $11.40 despite some downgrades in perspective.

Trexquant Investment LP trimmed its holdings in Coursera, Inc. (NYSE:COUR - Free Report) by 60.2% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 470,351 shares of the company's stock after selling 710,394 shares during the period. Trexquant Investment LP owned 0.29% of Coursera worth $3,133,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. ProShare Advisors LLC raised its position in shares of Coursera by 49.0% in the fourth 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 in the last quarter. Blueshift Asset Management LLC acquired a new stake in shares of Coursera in the first quarter valued at approximately $1,299,000. Charles Schwab Investment Management Inc. raised its position in shares of Coursera by 3.6% in the first quarter. Charles Schwab Investment Management Inc. now owns 1,041,051 shares of the company's stock valued at $6,933,000 after buying an additional 35,981 shares in the last quarter. Vanguard Group Inc. increased its stake in Coursera by 1.3% in the first quarter. Vanguard Group Inc. now owns 12,306,979 shares of the company's stock valued at $81,964,000 after acquiring an additional 159,820 shares during the last quarter. Finally, Wealth Enhancement Advisory Services LLC raised its position in Coursera by 34.8% during the first quarter. Wealth Enhancement Advisory Services LLC now owns 13,649 shares of the company's stock valued at $91,000 after purchasing an additional 3,521 shares in the last quarter. 89.55% of the stock is currently owned by institutional investors and hedge funds.

Coursera Stock Up 0.1%

Shares of NYSE COUR traded up $0.02 during midday trading on Friday, reaching $11.24. 1,783,428 shares of the company were exchanged, compared to its average volume of 2,268,255. The stock's 50-day moving average price is $10.58 and its 200-day moving average price is $8.83. The stock has a market cap of $1.81 billion, a P/E ratio of -34.04 and a beta of 1.40. Coursera, Inc. has a one year low of $5.76 and a one year high of $13.56.

Coursera (NYSE:COUR - Get Free Report) last issued its quarterly earnings data on Thursday, July 24th. The company reported $0.12 earnings per share for the quarter, topping the consensus estimate of $0.09 by $0.03. Coursera had a negative net margin of 7.05% and a negative return on equity of 5.16%. The company had revenue of $187.10 million for the quarter, compared to analysts' expectations of $180.52 million. During the same quarter in the previous year, the firm posted $0.09 earnings per share. Coursera's revenue for the quarter was up 9.9% on a year-over-year basis. Coursera has set its FY 2025 guidance at EPS. Q3 2025 guidance at EPS. On average, equities research analysts anticipate that Coursera, Inc. will post -0.28 EPS for the current year.

Insider Buying and Selling

In other news, SVP Alan B. Cardenas sold 24,631 shares of the company's stock in a transaction dated Wednesday, September 3rd. The shares were sold at an average price of $11.14, for a total transaction of $274,389.34. Following the transaction, the senior vice president owned 258,526 shares in the company, valued at approximately $2,879,979.64. This represents a 8.70% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CAO Michele M. Meyers sold 2,500 shares of the company's stock in a transaction dated Friday, August 15th. The stock was sold at an average price of $11.94, for a total transaction of $29,850.00. Following the completion of the sale, the chief accounting officer owned 241,295 shares in the company, valued at $2,881,062.30. This represents a 1.03% 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 valued at $1,637,489 over the last 90 days. 16.80% of the stock is owned by insiders.

Analyst Ratings Changes

COUR has been the subject of several research analyst reports. Zacks Research downgraded shares of Coursera from a "strong-buy" rating to a "hold" rating in a research report on Monday, August 18th. Telsey Advisory Group restated an "outperform" rating and set a $14.00 price objective on shares of Coursera in a research report on Friday, August 15th. Cantor Fitzgerald boosted their price objective on shares of Coursera from $10.00 to $13.00 and gave the company an "overweight" rating in a research report on Friday, July 25th. Wall Street Zen upgraded shares of Coursera from a "hold" rating to a "buy" rating in a research report on Saturday, July 26th. Finally, JPMorgan Chase & Co. boosted their price objective on shares of Coursera from $8.00 to $9.00 and gave the company a "neutral" rating in a research report on Wednesday, July 16th. Seven analysts have rated the stock with a Buy rating, six have assigned a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, Coursera presently has an average rating of "Hold" and a consensus price target of $11.40.

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.