Janney Montgomery Scott LLC Purchases Shares of 105,121 Coursera, Inc. (NYSE:COUR)

Janney Montgomery Scott LLC acquired a new stake in Coursera, Inc. (NYSE:COUR - Free Report) during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm acquired 105,121 shares of the company's stock, valued at approximately $835,000. Janney Montgomery Scott LLC owned approximately 0.07% of Coursera at the end of the most recent quarter.

Other hedge funds have also recently made changes to their positions in the company. Assenagon Asset Management S.A. bought a new stake in shares of Coursera during the 2nd quarter worth $9,525,000. Millennium Management LLC increased its holdings in Coursera by 67.0% during the 2nd quarter. Millennium Management LLC now owns 2,800,912 shares of the company's stock worth $20,055,000 after acquiring an additional 1,123,397 shares during the period. Jacobs Levy Equity Management Inc. raised its position in shares of Coursera by 158.6% in the first quarter. Jacobs Levy Equity Management Inc. now owns 1,653,704 shares of the company's stock worth $23,185,000 after buying an additional 1,014,316 shares in the last quarter. M&G Plc purchased a new stake in shares of Coursera in the 2nd quarter valued at about $5,048,000. Finally, Acadian Asset Management LLC lifted its position in Coursera by 101.9% during the second quarter. Acadian Asset Management LLC now owns 940,592 shares of the company's stock valued at $6,731,000 after purchasing an additional 474,723 shares during the last quarter. 89.55% of the stock is currently owned by institutional investors and hedge funds.

Coursera Stock Down 0.9 %

NYSE:COUR traded down $0.06 on Monday, hitting $6.87. The stock had a trading volume of 1,683,256 shares, compared to its average volume of 2,236,114. Coursera, Inc. has a 52-week low of $6.29 and a 52-week high of $21.26. The stock has a market cap of $1.09 billion, a price-to-earnings ratio of -13.59 and a beta of 1.44. The business's 50-day simple moving average is $7.54 and its two-hundred day simple moving average is $7.73.

Insider Buying and Selling

In related news, Director Andrew Y. Ng sold 6,221 shares of Coursera stock in a transaction on Wednesday, September 18th. The stock was sold at an average price of $8.03, for a total transaction of $49,954.63. Following the transaction, the director now directly owns 7,297,671 shares in the company, valued at approximately $58,600,298.13. The trade was a 0.09 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 16.30% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

COUR has been the subject of a number of research reports. BMO Capital Markets cut their price objective on Coursera from $10.00 to $9.00 and set an "outperform" rating for the company in a report on Friday, October 25th. KeyCorp lowered their price target on Coursera from $12.00 to $11.00 and set an "overweight" rating for the company in a research report on Friday, October 25th. Telsey Advisory Group reaffirmed an "outperform" rating and set a $18.00 target price on shares of Coursera in a research note on Monday, October 21st. Bank of America began coverage on Coursera in a research note on Thursday, September 19th. They issued a "buy" rating and a $11.00 price target on the stock. Finally, Cantor Fitzgerald lowered their target price on shares of Coursera from $22.00 to $10.00 and set an "overweight" rating for the company in a report on Friday, October 25th. One research analyst has rated the stock with a sell rating, one has given a hold rating and nine have issued a buy rating to the stock. According to MarketBeat, Coursera has an average rating of "Moderate Buy" and an average target price of $10.93.

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.