Capital Fund Management S.A. Sells 208,480 Shares of Coursera, Inc. (NYSE:COUR)

Capital Fund Management S.A. decreased its position in shares of Coursera, Inc. (NYSE:COUR - Free Report) by 33.3% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 417,693 shares of the company's stock after selling 208,480 shares during the quarter. Capital Fund Management S.A. owned approximately 0.26% of Coursera worth $3,550,000 at the end of the most recent reporting period.

Other hedge funds have also recently made changes to their positions in the company. SBI Securities Co. Ltd. acquired a new stake in shares of Coursera in the fourth quarter valued at about $35,000. FMR LLC lifted its position in shares of Coursera by 67.6% in the 3rd quarter. FMR LLC now owns 6,574 shares of the company's stock worth $52,000 after purchasing an additional 2,651 shares during the period. KBC Group NV boosted its stake in shares of 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 purchasing an additional 4,376 shares during the last quarter. Bank of Nova Scotia acquired a new stake in shares of Coursera during the fourth quarter worth $96,000. Finally, New York State Teachers Retirement System bought a new position in Coursera during the fourth quarter worth $107,000. 89.55% of the stock is owned by institutional investors and hedge funds.

Insider Activity at Coursera

In other Coursera news, SVP Alan B. Cardenas sold 5,613 shares of Coursera stock in a transaction that occurred on Wednesday, February 19th. The shares were sold at an average price of $8.26, for a total transaction of $46,363.38. Following the completion of the sale, 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 sale was disclosed in a document filed with the SEC, which is available through this hyperlink. 16.30% of the stock is owned by corporate insiders.

Coursera Trading Up 4.1 %

Shares of COUR stock traded up $0.29 during trading hours on Friday, reaching $7.31. The stock had a trading volume of 1,518,573 shares, compared to its average volume of 2,339,564. The stock's fifty day simple moving average is $7.29 and its 200 day simple moving average is $7.73. The firm has a market capitalization of $1.18 billion, a PE ratio of -14.05 and a beta of 1.42. Coursera, Inc. has a 12 month low of $5.76 and a 12 month high of $12.37.

Analyst Upgrades and Downgrades

Several research analysts have recently weighed in on the company. JPMorgan Chase & Co. lowered their price objective on Coursera from $8.00 to $7.00 and set a "neutral" rating for the company in a research report on Tuesday, April 8th. Needham & Company LLC reissued a "buy" rating and set a $11.00 target price on shares of Coursera in a research report on Monday, January 27th. Bank of America restated an "underperform" rating and set a $7.00 price objective on shares of Coursera in a research note on Thursday, March 27th. Telsey Advisory Group restated an "outperform" rating and issued a $15.00 target price on shares of Coursera in a research note on Tuesday, January 28th. Finally, Royal Bank of Canada restated an "outperform" rating and set a $10.00 price objective on shares of Coursera in a report on Friday, January 31st. Two research analysts have rated the stock with a sell rating, four have assigned a hold rating and seven have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Hold" and an average price target of $9.67.

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.