Caisse Des Depots ET Consignations Makes New Investment in Coursera, Inc. (NYSE:COUR)

Caisse Des Depots ET Consignations purchased a new position in shares of Coursera, Inc. (NYSE:COUR - Free Report) during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor purchased 167,035 shares of the company's stock, valued at approximately $1,420,000. Caisse Des Depots ET Consignations owned about 0.11% of Coursera as of its most recent SEC filing.

Other hedge funds and other institutional investors have also modified their holdings of the company. SBI Securities Co. Ltd. bought a new stake in Coursera during the fourth quarter worth approximately $35,000. FMR LLC boosted its holdings in shares of Coursera by 67.6% during the 3rd quarter. FMR LLC now owns 6,574 shares of the company's stock worth $52,000 after buying an additional 2,651 shares during the period. KBC Group NV grew its stake in Coursera by 90.7% in the 4th quarter. KBC Group NV now owns 9,203 shares of the company's stock valued at $78,000 after buying an additional 4,376 shares during the last quarter. New York State Teachers Retirement System bought a new position in Coursera in the 4th quarter worth $107,000. Finally, Pitcairn Co. lifted its position in Coursera by 16.9% during the 3rd quarter. Pitcairn Co. now owns 13,655 shares of the company's stock worth $108,000 after acquiring an additional 1,971 shares during the last quarter. Institutional investors own 89.55% of the company's stock.

Analysts Set New Price Targets

COUR has been the topic of several research analyst reports. Scotiabank began coverage on Coursera in a research report on Thursday, December 5th. They issued a "sector perform" rating and a $9.00 price target on the stock. Royal Bank of Canada reaffirmed an "outperform" rating and issued a $10.00 price target on shares of Coursera in a research report on Friday, January 31st. Telsey Advisory Group reissued an "outperform" rating and issued a $15.00 price objective on shares of Coursera in a research report on Tuesday, January 28th. Cantor Fitzgerald restated an "overweight" rating and issued a $10.00 price objective on shares of Coursera in a research note on Thursday, December 5th. Finally, Needham & Company LLC reiterated a "buy" rating and set a $11.00 target price on shares of Coursera in a research note on Monday, January 27th. Two analysts have rated the stock with a sell rating, four have given a hold rating and seven have issued a buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of "Hold" and an average price target of $9.83.

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Coursera Stock Up 1.9 %

COUR traded up $0.13 during midday trading on Tuesday, reaching $6.79. 323,841 shares of the company's stock were exchanged, compared to its average volume of 1,708,059. The business has a 50-day simple moving average of $7.83 and a two-hundred day simple moving average of $7.87. The firm has a market capitalization of $1.09 billion, a price-to-earnings ratio of -13.03 and a beta of 1.40. Coursera, Inc. has a one year low of $6.29 and a one year high of $14.04.

Insider Transactions at Coursera

In other Coursera news, SVP Alan B. Cardenas sold 5,613 shares of the business's stock in a transaction dated Wednesday, February 19th. The shares were sold at an average price of $8.26, for a total value of $46,363.38. Following the transaction, the senior vice president now directly owns 180,413 shares in the company, valued at $1,490,211.38. The trade was a 3.02 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 16.30% of the stock is currently owned by insiders.

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.