Duality Advisers LP Buys 21,539 Shares of Coursera, Inc. (NYSE:COUR)

Duality Advisers LP lifted its stake in Coursera, Inc. (NYSE:COUR) by 47.0% during the 4th quarter, Holdings Channel reports. The firm owned 67,318 shares of the company’s stock after acquiring an additional 21,539 shares during the period. Duality Advisers LP’s holdings in Coursera were worth $1,304,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also made changes to their positions in COUR. Vanguard Group Inc. lifted its holdings in Coursera by 5.7% during the third quarter. Vanguard Group Inc. now owns 10,614,794 shares of the company’s stock worth $198,390,000 after acquiring an additional 570,177 shares in the last quarter. Nomura Asset Management Co. Ltd. lifted its holdings in Coursera by 41.9% during the third quarter. Nomura Asset Management Co. Ltd. now owns 75,663 shares of the company’s stock worth $1,414,000 after acquiring an additional 22,353 shares in the last quarter. Acadian Asset Management LLC bought a new position in Coursera during the third quarter worth about $585,000. FMR LLC lifted its holdings in Coursera by 4,271.1% during the third quarter. FMR LLC now owns 138,259 shares of the company’s stock worth $2,584,000 after acquiring an additional 135,096 shares in the last quarter. Finally, Principal Financial Group Inc. lifted its holdings in Coursera by 1,167.6% during the third quarter. Principal Financial Group Inc. now owns 194,914 shares of the company’s stock worth $3,643,000 after acquiring an additional 179,537 shares in the last quarter. 89.55% of the stock is currently owned by institutional investors.

Insider Activity at Coursera

In related news, CAO Michele M. Meyers sold 2,880 shares of Coursera stock in a transaction dated Thursday, April 18th. The stock was sold at an average price of $12.00, for a total value of $34,560.00. Following the sale, the chief accounting officer now owns 240,159 shares of the company’s stock, valued at $2,881,908. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. In related news, COO Shravan Goli sold 35,450 shares of Coursera stock in a transaction dated Tuesday, February 20th. The stock was sold at an average price of $16.48, for a total transaction of $584,216.00. Following the completion of the transaction, the chief operating officer now owns 737,641 shares in the company, valued at $12,156,323.68. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CAO Michele M. Meyers sold 2,880 shares of Coursera stock in a transaction dated Thursday, April 18th. The stock was sold at an average price of $12.00, for a total value of $34,560.00. Following the transaction, the chief accounting officer now owns 240,159 shares of the company’s stock, valued at approximately $2,881,908. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 653,932 shares of company stock valued at $10,054,814. 15.90% of the stock is owned by insiders.

Coursera Stock Down 0.9 %

NYSE:COUR opened at $12.12 on Wednesday. The stock’s 50-day simple moving average is $14.47 and its 200 day simple moving average is $17.45. Coursera, Inc. has a 52-week low of $9.91 and a 52-week high of $21.26.

Coursera (NYSE:COUR) last released its earnings results on Thursday, February 1st. The company reported ($0.12) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.17) by $0.05. The business had revenue of $168.88 million for the quarter, compared to the consensus estimate of $163.64 million. Coursera had a negative return on equity of 18.15% and a negative net margin of 18.33%. On average, analysts expect that Coursera, Inc. will post -0.47 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

COUR has been the topic of several recent analyst reports. Morgan Stanley reduced their target price on Coursera from $25.00 to $21.00 and set an “overweight” rating on the stock in a report on Friday, April 19th. The Goldman Sachs Group lowered Coursera from a “neutral” rating to a “sell” rating and reduced their target price for the stock from $18.00 to $14.00 in a report on Friday, January 19th. Truist Financial lifted their price target on Coursera from $17.00 to $20.00 and gave the company a “hold” rating in a research note on Friday, February 2nd. William Blair reissued an “outperform” rating on shares of Coursera in a research note on Friday, February 2nd. Finally, Needham & Company LLC lifted their price target on Coursera from $21.00 to $23.00 and gave the company a “buy” rating in a research note on Friday, February 2nd. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and eight have assigned a buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $22.10.

Coursera 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.