Coursera, Inc. $COUR Shares Purchased by Quantinno Capital Management LP

Quantinno Capital Management LP boosted its position in Coursera, Inc. (NYSE:COUR) by 731.5% in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 485,452 shares of the company’s stock after purchasing an additional 427,068 shares during the quarter. Quantinno Capital Management LP owned about 0.29% of Coursera worth $2,825,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in COUR. Baillie Gifford & Co. raised its position in shares of Coursera by 97.0% in the fourth quarter. Baillie Gifford & Co. now owns 14,590,942 shares of the company’s stock valued at $107,389,000 after buying an additional 7,184,167 shares during the last quarter. Invenomic Capital Management LP boosted its position in Coursera by 207.3% during the fourth quarter. Invenomic Capital Management LP now owns 906,224 shares of the company’s stock worth $6,670,000 after acquiring an additional 611,325 shares during the last quarter. Universal Beteiligungs und Servicegesellschaft mbH grew its stake in Coursera by 58.2% during the 4th quarter. Universal Beteiligungs und Servicegesellschaft mbH now owns 1,084,567 shares of the company’s stock valued at $7,982,000 after acquiring an additional 398,920 shares in the last quarter. Waterfront Wealth Inc. grew its stake in Coursera by 98.0% during the 1st quarter. Waterfront Wealth Inc. now owns 364,339 shares of the company’s stock valued at $2,120,000 after acquiring an additional 180,374 shares in the last quarter. Finally, Principal Financial Group Inc. raised its holdings in Coursera by 273.9% in the 1st quarter. Principal Financial Group Inc. now owns 331,500 shares of the company’s stock valued at $1,929,000 after acquiring an additional 242,850 shares during the last quarter. Hedge funds and other institutional investors own 89.55% of the company’s stock.

Insiders Place Their Bets

In related news, SVP Alan B. Cardenas sold 9,139 shares of the firm’s stock in a transaction dated Monday, May 18th. The stock was sold at an average price of $5.52, for a total transaction of $50,447.28. Following the completion of the sale, the senior vice president directly owned 255,934 shares of the company’s stock, valued at approximately $1,412,755.68. This trade represents a 3.45% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, major shareholder Insight Holdings Group, Llc sold 1,466,372 shares of the business’s stock in a transaction dated Wednesday, May 20th. The shares were sold at an average price of $5.24, for a total transaction of $7,683,789.28. Following the completion of the sale, the insider owned 419,784 shares in the company, valued at approximately $2,199,668.16. This trade represents a 77.74% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold 2,009,139 shares of company stock worth $10,643,180 in the last 90 days. Company insiders own 16.30% of the company’s stock.

Analysts Set New Price Targets

Several research analysts have recently weighed in on COUR shares. Morgan Stanley set a $7.50 target price on Coursera in a report on Friday, April 24th. Wall Street Zen raised Coursera from a “hold” rating to a “buy” rating in a research note on Sunday, August 2nd. JPMorgan Chase & Co. dropped their target price on Coursera from $10.00 to $8.00 and set an “overweight” rating for the company in a report on Friday, April 24th. Royal Bank Of Canada reaffirmed an “outperform” rating and issued a $7.00 target price on shares of Coursera in a research note on Wednesday, June 24th. Finally, Zacks Research upgraded Coursera from a “hold” rating to a “strong-buy” rating in a report on Friday, July 24th. One equities research analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating, three have given a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $8.55.

Coursera Price Performance

Shares of NYSE COUR opened at $5.79 on Monday. The company has a market capitalization of $979.57 million, a P/E ratio of -8.63, a P/E/G ratio of 1.95 and a beta of 1.24. The company has a 50 day simple moving average of $5.60 and a 200-day simple moving average of $5.82. Coursera, Inc. has a 1 year low of $5.00 and a 1 year high of $12.35.

Coursera (NYSE:COUR) last released its quarterly earnings data on Wednesday, July 29th. The company reported $0.17 EPS for the quarter, beating analysts’ consensus estimates of $0.10 by $0.07. The firm had revenue of $298.60 million for the quarter, compared to analysts’ expectations of $293.61 million. Coursera had a negative return on equity of 1.72% and a negative net margin of 15.39%.The firm’s quarterly revenue was up 59.6% on a year-over-year basis. During the same period in the prior year, the firm posted $0.12 earnings per share. As a group, research analysts expect that Coursera, Inc. will post 0.06 EPS for the current year.

Coursera declared that its Board of Directors has authorized a stock buyback program on Monday, May 18th that authorizes the company to buyback $500.00 million in shares. This buyback authorization authorizes the company to reacquire up to 55.9% of its shares through open market purchases. Shares buyback programs are usually an indication that the company’s board of directors believes its stock is undervalued.

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.