Graham Capital Management L.P. Has $1.14 Million Stake in Coursera, Inc. (NYSE:COUR)

Graham Capital Management L.P. lifted its position in shares of Coursera, Inc. (NYSE:COUR - Free Report) by 68.6% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 133,988 shares of the company's stock after purchasing an additional 54,531 shares during the period. Graham Capital Management L.P. owned 0.08% of Coursera worth $1,139,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors also recently made changes to their positions in the company. Waterfront Wealth Inc. increased its stake in shares of Coursera by 1.7% during the fourth quarter. Waterfront Wealth Inc. now owns 156,411 shares of the company's stock worth $1,329,000 after purchasing an additional 2,543 shares during the period. New York State Common Retirement Fund increased its stake in shares of Coursera by 6.4% during the fourth quarter. New York State Common Retirement Fund now owns 42,368 shares of the company's stock worth $360,000 after purchasing an additional 2,552 shares during the period. Swiss National Bank increased its stake in shares of Coursera by 1.2% during the fourth quarter. Swiss National Bank now owns 262,300 shares of the company's stock worth $2,230,000 after purchasing an additional 3,100 shares during the period. SBI Securities Co. Ltd. bought a new position in shares of Coursera during the fourth quarter worth approximately $35,000. Finally, KBC Group NV increased its stake in shares of Coursera by 90.7% during the fourth quarter. KBC Group NV now owns 9,203 shares of the company's stock worth $78,000 after purchasing an additional 4,376 shares during the period. Institutional investors own 89.55% of the company's stock.

Analysts Set New Price Targets

A number of equities analysts have commented on COUR shares. UBS Group raised their price objective on Coursera from $7.50 to $8.50 and gave the stock a "neutral" rating in a research note on Friday, January 31st. JPMorgan Chase & Co. lowered their price objective on Coursera from $8.00 to $7.00 and set a "neutral" rating on the stock in a research note on Tuesday, April 8th. Needham & Company LLC restated a "buy" rating and set a $11.00 price objective on shares of Coursera in a research note on Friday, April 25th. Bank of America restated an "underperform" rating and set a $7.00 price objective on shares of Coursera in a research note on Thursday, March 27th. Finally, 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. Two analysts have rated the stock with a sell rating, three have assigned a hold rating and seven have issued a buy rating to the stock. According to MarketBeat, Coursera currently has an average rating of "Hold" and an average target price of $9.31.

Coursera Stock Performance

Shares of COUR stock traded up $0.07 during mid-day trading on Friday, hitting $9.01. The company's stock had a trading volume of 2,052,392 shares, compared to its average volume of 2,304,676. The company's fifty day simple moving average is $7.51 and its 200-day simple moving average is $7.87. Coursera, Inc. has a 52 week low of $5.76 and a 52 week high of $11.74. The company has a market cap of $1.45 billion, a PE ratio of -17.32 and a beta of 1.38.

Coursera (NYSE:COUR - Get Free Report) last posted its quarterly earnings data on Thursday, April 24th. The company reported $0.12 earnings per share for the quarter, topping the consensus estimate of $0.08 by $0.04. Coursera had a negative return on equity of 9.42% and a negative net margin of 11.45%. The firm had revenue of $179.30 million during the quarter, compared to analyst estimates of $175.60 million. During the same period last year, the company posted $0.07 EPS. The business's quarterly revenue was up 6.0% on a year-over-year basis. On average, equities analysts anticipate that Coursera, Inc. will post -0.28 earnings per share for the current year.

Insider Activity at Coursera

In related news, SVP Alan B. Cardenas sold 5,613 shares of the business's stock in a transaction dated Wednesday, February 19th. The stock was sold at an average price of $8.26, for a total value of $46,363.38. Following the completion of the sale, the senior vice president now directly owns 180,413 shares of the company's stock, valued at $1,490,211.38. The trade was a 3.02% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. 16.80% of the stock is currently owned by corporate insiders.

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.