XTX Topco Ltd Invests $436,000 in Coursera, Inc. (NYSE:COUR)

Key Points

• XTX Topco Ltd invested $436,000 in Coursera, Inc., acquiring 65,491 shares in the first quarter, indicating growing interest from institutional investors.
• Coursera's shares recently traded at $12.09, experiencing a 4.8% decline, with the company having a market capitalization of $1.95 billion and a P/E ratio of -36.62.
• Analysts have increased their price targets for Coursera, with the consensus rating at "Moderate Buy" and an average target price of $11.25 following positive earnings results.

XTX Topco Ltd bought a new position in Coursera, Inc. (NYSE:COUR - Free Report) in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The firm bought 65,491 shares of the company's stock, valued at approximately $436,000.

Several other large investors have also added to or reduced their stakes in COUR. State of Wyoming boosted its stake in Coursera by 959.1% in the 4th 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 period. Xponance Inc. bought a new position in shares of Coursera in the first quarter worth approximately $69,000. Pallas Capital Advisors LLC bought a new position in shares of Coursera in the first quarter worth approximately $71,000. Inspire Advisors LLC bought a new position in shares of Coursera in the first quarter worth approximately $75,000. Finally, Wealth Enhancement Advisory Services LLC bought a new position in shares of Coursera in the fourth quarter worth approximately $86,000. Institutional investors own 89.55% of the company's stock.

Analyst Ratings Changes

Several research firms recently weighed in on COUR. Cantor Fitzgerald upped their price objective on shares of Coursera from $10.00 to $13.00 and gave the stock an "overweight" rating in a research report on Friday, July 25th. Needham & Company LLC restated a "buy" rating and issued a $11.00 price objective on shares of Coursera in a research report on Monday, July 21st. UBS Group upped their price objective on shares of Coursera from $8.50 to $10.00 and gave the stock a "neutral" rating in a research report on Friday, July 25th. Royal Bank Of Canada upped their price objective on shares of Coursera from $10.00 to $13.00 and gave the stock an "outperform" rating in a research report on Friday, July 25th. Finally, Bank of America upgraded shares of Coursera from an "underperform" rating to a "neutral" rating and upped their price objective for the stock from $7.00 to $12.00 in a research report on Friday, July 25th. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and eight have issued a buy rating to the company's stock. According to MarketBeat.com, Coursera currently has an average rating of "Moderate Buy" and an average price target of $11.25.

Insider Transactions at Coursera

In related news, Director Amanda Clark sold 9,334 shares of Coursera stock in a transaction that occurred on Thursday, May 22nd. The stock was sold at an average price of $8.48, for a total transaction of $79,152.32. Following the sale, the director directly owned 85,573 shares in the company, valued at $725,659.04. The trade was a 9.83% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CAO Michele M. Meyers sold 12,500 shares of Coursera stock in a transaction that occurred on Friday, July 25th. The shares were sold at an average price of $11.60, for a total value of $145,000.00. Following the sale, the chief accounting officer owned 253,351 shares in the company, valued at $2,938,871.60. This represents a 4.70% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 37,270 shares of company stock valued at $356,087. Company insiders own 16.80% of the company's stock.

Coursera Trading Up 0.5%

Shares of COUR stock traded up $0.06 during trading hours on Tuesday, reaching $11.71. The company's stock had a trading volume of 944,181 shares, compared to its average volume of 2,231,017. The stock has a market capitalization of $1.89 billion, a P/E ratio of -35.59 and a beta of 1.40. Coursera, Inc. has a one year low of $5.76 and a one year high of $13.56. The firm's fifty day simple moving average is $9.49 and its 200 day simple moving average is $8.42.

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 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 quarterly revenue was up 9.9% compared to the same quarter last year. During the same period last year, the company earned $0.09 EPS. As a group, equities research analysts forecast that Coursera, Inc. will post -0.28 earnings per share for the current fiscal year.

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.