Capula Management Ltd cut its position in Coursera, Inc. (NYSE:COUR - Free Report) by 66.0% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 39,044 shares of the company's stock after selling 75,672 shares during the quarter. Capula Management Ltd's holdings in Coursera were worth $332,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other large investors have also recently bought and sold shares of the company. Charles Schwab Investment Management Inc. raised its holdings in shares of Coursera by 17.8% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 1,036,300 shares of the company's stock valued at $8,228,000 after acquiring an additional 156,512 shares in the last quarter. FMR LLC lifted its position in Coursera by 67.6% during the third quarter. FMR LLC now owns 6,574 shares of the company's stock valued at $52,000 after purchasing an additional 2,651 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank lifted its position in Coursera by 79.6% during the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 45,341 shares of the company's stock valued at $360,000 after purchasing an additional 20,098 shares during the last quarter. State Street Corp grew its stake in Coursera by 2.2% in the 3rd quarter. State Street Corp now owns 2,947,168 shares of the company's stock worth $23,401,000 after buying an additional 63,549 shares in the last quarter. Finally, Zacks Investment Management increased its holdings in shares of Coursera by 9.6% in the 3rd quarter. Zacks Investment Management now owns 83,448 shares of the company's stock worth $663,000 after buying an additional 7,334 shares during the last quarter. 89.55% of the stock is owned by institutional investors.
Insider Buying and Selling
In related news, SVP Alan B. Cardenas sold 5,613 shares of Coursera stock in a transaction on Wednesday, February 19th. The shares were sold at an average price of $8.26, for a total value of $46,363.38. Following the sale, the senior vice president now 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 legal filing with the SEC, which is available at this link. 16.30% of the stock is owned by insiders.
Coursera Price Performance
Coursera stock traded up $0.19 during trading hours on Friday, reaching $6.80. The stock had a trading volume of 1,305,772 shares, compared to its average volume of 2,350,078. The company has a fifty day simple moving average of $7.37 and a 200-day simple moving average of $7.76. Coursera, Inc. has a 52 week low of $5.76 and a 52 week high of $13.11. The stock has a market cap of $1.10 billion, a PE ratio of -13.07 and a beta of 1.42.
Analyst Ratings Changes
A number of analysts have recently issued reports on the stock. Telsey Advisory Group reaffirmed an "outperform" rating and set a $15.00 price objective on shares of Coursera in a report on Tuesday, January 28th. JPMorgan Chase & Co. cut their price objective on Coursera from $8.00 to $7.00 and set a "neutral" rating for the company in a report on Tuesday, April 8th. Bank of America reiterated an "underperform" rating and set a $7.00 price objective on shares of Coursera in a research report on Thursday, March 27th. Royal Bank of Canada restated an "outperform" rating and issued a $10.00 target price on shares of Coursera in a research report on Friday, January 31st. Finally, Needham & Company LLC reiterated a "buy" rating and set a $11.00 price target on shares of Coursera in a research report on Monday, January 27th. Two analysts have rated the stock with a sell rating, four have given a hold rating and seven have given a buy rating to the company. According to data from MarketBeat, Coursera presently has a consensus rating of "Hold" and an average target price of $9.75.
View Our Latest Analysis on Coursera
About Coursera
(
Free Report)
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.
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