Federated Hermes Inc. Sells 102,927 Shares of Coursera, Inc. $COUR

Federated Hermes Inc. cut its position in shares of Coursera, Inc. (NYSE:COUR) by 9.5% during the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 980,795 shares of the company’s stock after selling 102,927 shares during the quarter. Federated Hermes Inc. owned about 0.61% of Coursera worth $11,485,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in COUR. Geode Capital Management LLC lifted its position in Coursera by 2.6% during the second quarter. Geode Capital Management LLC now owns 3,057,118 shares of the company’s stock valued at $26,784,000 after buying an additional 77,044 shares during the period. Qube Research & Technologies Ltd increased its stake in shares of Coursera by 6.6% in the 2nd quarter. Qube Research & Technologies Ltd now owns 1,883,396 shares of the company’s stock worth $16,499,000 after acquiring an additional 115,898 shares in the last quarter. Norges Bank purchased a new position in Coursera during the 2nd quarter valued at about $15,435,000. Acadian Asset Management LLC lifted its position in Coursera by 125.4% during the 2nd quarter. Acadian Asset Management LLC now owns 1,466,353 shares of the company’s stock valued at $12,833,000 after acquiring an additional 815,745 shares during the period. Finally, Lazard Asset Management LLC boosted its stake in Coursera by 260.7% during the second quarter. Lazard Asset Management LLC now owns 1,259,227 shares of the company’s stock worth $11,030,000 after acquiring an additional 910,123 shares in the last quarter. 89.55% of the stock is owned by hedge funds and other institutional investors.

Coursera Price Performance

Shares of NYSE:COUR opened at $6.06 on Friday. Coursera, Inc. has a 1 year low of $5.76 and a 1 year high of $13.56. The company has a market cap of $1.01 billion, a P/E ratio of -20.90 and a beta of 1.37. The stock’s fifty day moving average price is $7.36 and its 200-day moving average price is $9.38.

Insider Activity

In other news, SVP Alan B. Cardenas sold 8,078 shares of Coursera stock in a transaction that occurred on Monday, December 15th. The shares were sold at an average price of $8.17, for a total value of $65,997.26. Following the completion of the sale, the senior vice president directly owned 237,828 shares in the company, valued at $1,943,054.76. The trade was a 3.28% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. 16.80% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

A number of equities analysts have weighed in on the stock. JPMorgan Chase & Co. raised shares of Coursera from a “neutral” rating to an “overweight” rating and set a $12.00 target price for the company in a research note on Wednesday, December 17th. UBS Group reduced their price objective on Coursera from $11.00 to $9.00 and set a “neutral” rating for the company in a research report on Thursday, December 18th. Telsey Advisory Group reissued an “outperform” rating and issued a $14.00 target price on shares of Coursera in a report on Friday. Needham & Company LLC reissued a “buy” rating and issued a $14.00 target price on shares of Coursera in a research note on Wednesday, November 26th. Finally, Royal Bank Of Canada lowered their price target on Coursera from $13.00 to $11.00 and set an “outperform” rating for the company in a research report on Monday, January 5th. Seven equities research analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, Coursera currently has an average rating of “Hold” and a consensus price target of $12.27.

Coursera Profile

Coursera, Inc (NYSE:COUR) operates a leading online learning platform that delivers courses, specializations, professional certificates and fully accredited degree programs in collaboration with top universities and industry partners. Founded in 2012 by Stanford University professors Andrew Ng and Daphne Koller, Coursera’s mission is to provide universal access to world-class education and bridge skill gaps in a rapidly evolving job market.

The platform features more than 6,000 offerings created by over 275 academic institutions and corporate entities, spanning fields such as data science, business, technology, health care and the arts.