Sycomore Asset Management Cuts Stock Holdings in Coursera, Inc. (NYSE:COUR)

Sycomore Asset Management decreased its holdings in shares of Coursera, Inc. (NYSE:COUR - Free Report) by 37.0% during the fourth quarter, according to its most recent filing with the SEC. The firm owned 245,830 shares of the company's stock after selling 144,353 shares during the period. Sycomore Asset Management owned 0.16% of Coursera worth $4,858,000 at the end of the most recent reporting period.

A number of other institutional investors have also added to or reduced their stakes in COUR. Baillie Gifford & Co. grew its position in shares of Coursera by 43.1% in the 3rd quarter. Baillie Gifford & Co. now owns 25,827,187 shares of the company's stock worth $482,710,000 after buying an additional 7,773,508 shares during the last quarter. Vanguard Group Inc. grew its position in shares of Coursera by 5.7% in the 3rd quarter. Vanguard Group Inc. now owns 10,614,794 shares of the company's stock worth $198,390,000 after buying an additional 570,177 shares during the last quarter. Eventide Asset Management LLC grew its position in shares of Coursera by 8.6% in the 3rd quarter. Eventide Asset Management LLC now owns 3,693,910 shares of the company's stock worth $69,039,000 after buying an additional 291,815 shares during the last quarter. Northern Trust Corp grew its position in shares of Coursera by 2.4% in the 3rd quarter. Northern Trust Corp now owns 1,145,357 shares of the company's stock worth $21,407,000 after buying an additional 27,175 shares during the last quarter. Finally, Emory University purchased a new position in shares of Coursera in the 4th quarter worth approximately $17,893,000. Hedge funds and other institutional investors own 89.55% of the company's stock.

Insider Activity at Coursera

In other Coursera news, CEO Jeffrey Nacey Maggioncalda sold 25,000 shares of the company's stock in a transaction on Friday, February 2nd. The shares were sold at an average price of $20.14, for a total transaction of $503,500.00. Following the completion of the transaction, the chief executive officer now directly owns 2,551,930 shares in the company, valued at $51,395,870.20. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. In other news, SVP Alan B. Cardenas sold 5,864 shares of the company's stock in a transaction on Tuesday, February 20th. The shares were sold at an average price of $16.54, for a total transaction of $96,990.56. Following the completion of the sale, the senior vice president now owns 167,798 shares of the company's stock, valued at $2,775,378.92. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, CEO Jeffrey Nacey Maggioncalda sold 25,000 shares of the company's stock in a transaction on Friday, February 2nd. The stock was sold at an average price of $20.14, for a total transaction of $503,500.00. Following the sale, the chief executive officer now directly owns 2,551,930 shares of the company's stock, valued at approximately $51,395,870.20. The disclosure for this sale can be found here. Insiders sold a total of 653,932 shares of company stock worth $10,054,814 in the last three months. Company insiders own 15.90% of the company's stock.

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on COUR. Morgan Stanley cut their price objective on shares of Coursera from $25.00 to $21.00 and set an "overweight" rating on the stock in a research report on Friday, April 19th. KeyCorp dropped their target price on shares of Coursera from $24.00 to $20.00 and set an "overweight" rating on the stock in a research report on Wednesday. Cantor Fitzgerald reissued an "overweight" rating and set a $26.00 target price on shares of Coursera in a research report on Wednesday, April 17th. The Goldman Sachs Group downgraded shares of Coursera from a "neutral" rating to a "sell" rating and dropped their target price for the stock from $18.00 to $14.00 in a research report on Friday, January 19th. Finally, William Blair reissued an "outperform" rating on shares of Coursera in a research report on Friday, February 2nd. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and eight have given a buy rating to the company's stock. According to MarketBeat.com, Coursera presently has a consensus rating of "Moderate Buy" and a consensus price target of $21.70.

Coursera Stock Performance

Shares of COUR traded down $0.21 during trading hours on Wednesday, hitting $11.91. The stock had a trading volume of 2,040,739 shares, compared to its average volume of 1,662,462. The firm has a 50-day moving average price of $14.36 and a 200 day moving average price of $17.41. Coursera, Inc. has a fifty-two week low of $9.91 and a fifty-two week high of $21.26. The firm has a market capitalization of $1.87 billion, a price-to-earnings ratio of -15.47 and a beta of 1.48.

Coursera (NYSE:COUR - Get Free Report) last posted its earnings results on Thursday, February 1st. The company reported ($0.12) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.17) by $0.05. Coursera had a negative net margin of 18.33% and a negative return on equity of 18.15%. The firm had revenue of $168.88 million during the quarter, compared to analysts' expectations of $163.64 million. As a group, analysts predict that Coursera, Inc. will post -0.47 EPS 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.

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