Versor Investments LP Sells 27,900 Shares of Coursera, Inc. $COUR

Key Points

• Versor Investments LP reduced its holdings in Coursera, Inc. by 62.3%, owning 16,848 shares after selling 27,900 shares in the first quarter.
• Several hedge funds, including American Century Companies Inc. and Aigen Investment Management LP, increased their stakes in Coursera, with the latter growing its holdings by 205.6%.
• Coursera reported earnings of $0.12 EPS for the last quarter, exceeding analysts' estimates, with a revenue increase of 9.9% compared to the previous year.

Versor Investments LP cut its position in Coursera, Inc. (NYSE:COUR - Free Report) by 62.3% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 16,848 shares of the company's stock after selling 27,900 shares during the quarter. Versor Investments LP's holdings in Coursera were worth $112,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in COUR. LPL Financial LLC bought a new position in shares of Coursera in the fourth quarter valued at $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 valued at $549,000 after buying an additional 21,315 shares in the last quarter. Cerity Partners LLC lifted its holdings in Coursera by 149.7% during the 4th quarter. Cerity Partners LLC now owns 25,539 shares of the company's stock valued at $215,000 after purchasing an additional 15,312 shares during the last quarter. Legal & General Group Plc lifted its holdings in Coursera by 8.7% during the 4th quarter. Legal & General Group Plc now owns 181,230 shares of the company's stock valued at $1,540,000 after purchasing an additional 14,488 shares during the last quarter. Finally, Renaissance Technologies LLC acquired a new stake in Coursera during the 4th quarter valued at $390,000. 89.55% of the stock is owned by institutional investors.

Coursera Stock Up 1.0%

Shares of COUR traded up $0.12 during midday trading on Wednesday, reaching $11.24. 1,096,078 shares of the stock were exchanged, compared to its average volume of 2,247,930. Coursera, Inc. has a twelve month low of $5.76 and a twelve month high of $13.56. The company has a market cap of $1.81 billion, a P/E ratio of -34.07 and a beta of 1.40. The stock's 50 day simple moving average is $10.12 and its 200 day simple moving average is $8.66.

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

Insiders Place Their Bets

In related news, CFO Kenneth R. Hahn sold 75,000 shares of the firm's stock in a transaction on 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 owned 1,075,853 shares in the company, 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 Securities & Exchange Commission, which is accessible through this link. Also, CAO Michele M. Meyers sold 12,500 shares of the firm's stock in a transaction on 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 owned 253,351 shares in the company, valued at $2,938,871.60. The trade was a 4.70% decrease in their position. The disclosure for this sale can be found here. Insiders sold 115,000 shares of company stock worth $1,363,100 in the last 90 days. 16.80% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

Several brokerages have issued reports on COUR. KeyCorp reaffirmed an "overweight" rating and set a $12.00 price target (up previously from $11.00) on shares of Coursera in a 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. Needham & Company LLC reaffirmed a "buy" rating and set a $11.00 price target on shares of Coursera in a report on Monday, July 21st. Bank of America raised Coursera from an "underperform" rating to a "neutral" rating and raised their price target for the company from $7.00 to $12.00 in a report on Friday, July 25th. Finally, Cantor Fitzgerald raised their price target on Coursera from $10.00 to $13.00 and gave the company an "overweight" rating in a report on Friday, July 25th. Seven equities research analysts have rated the stock with a Buy rating, six have issued a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Hold" and an average price target 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.