Connor Clark & Lunn Investment Management Ltd. purchased a new stake in Coursera, Inc. (NYSE:COUR - Free Report) in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 389,196 shares of the company's stock, valued at approximately $3,090,000. Connor Clark & Lunn Investment Management Ltd. owned approximately 0.25% of Coursera as of its most recent SEC filing.
Several other hedge funds and other institutional investors have also made changes to their positions in COUR. Victory Capital Management Inc. raised its position in Coursera by 110.9% during the third quarter. Victory Capital Management Inc. now owns 81,749 shares of the company's stock worth $649,000 after acquiring an additional 42,993 shares during the last quarter. Versor Investments LP acquired a new position in shares of Coursera during the 3rd quarter worth approximately $106,000. Los Angeles Capital Management LLC purchased a new stake in Coursera in the 3rd quarter valued at approximately $149,000. Harbor Capital Advisors Inc. grew its holdings in Coursera by 11.2% during the 3rd quarter. Harbor Capital Advisors Inc. now owns 26,424 shares of the company's stock valued at $210,000 after buying an additional 2,658 shares during the last quarter. Finally, Janney Montgomery Scott LLC acquired a new stake in Coursera during the 3rd quarter valued at $835,000. Institutional investors and hedge funds own 89.55% of the company's stock.
Coursera Stock Up 11.1 %
Shares of COUR stock traded up $0.79 on Monday, reaching $7.90. 12,944,616 shares of the stock were exchanged, compared to its average volume of 2,294,439. Coursera, Inc. has a 1-year low of $6.29 and a 1-year high of $21.26. The stock has a market cap of $1.25 billion, a P/E ratio of -15.49 and a beta of 1.44. The firm has a 50 day moving average of $7.47 and a two-hundred day moving average of $7.63.
Insiders Place Their Bets
In other news, Director Andrew Y. Ng sold 6,221 shares of the company's stock in a transaction dated Wednesday, September 18th. The stock was sold at an average price of $8.03, for a total value of $49,954.63. Following the completion of the sale, the director now owns 7,297,671 shares of the company's stock, valued at $58,600,298.13. This represents a 0.09 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, SVP Alan B. Cardenas sold 6,102 shares of the stock in a transaction dated Monday, November 18th. The shares were sold at an average price of $6.83, for a total value of $41,676.66. Following the completion of the sale, the senior vice president now owns 194,082 shares of the company's stock, valued at approximately $1,325,580.06. This trade represents a 3.05 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 13,885 shares of company stock worth $102,815 over the last three months. 15.90% of the stock is owned by insiders.
Wall Street Analyst Weigh In
COUR has been the topic of several recent research reports. Bank of America began coverage on Coursera in a research report on Thursday, September 19th. They issued a "buy" rating and a $11.00 price objective on the stock. Needham & Company LLC reduced their target price on shares of Coursera from $15.00 to $11.00 and set a "buy" rating on the stock in a report on Friday, October 25th. Royal Bank of Canada decreased their price target on shares of Coursera from $18.00 to $10.00 and set an "outperform" rating on the stock in a research note on Friday, October 25th. Morgan Stanley cut their price objective on shares of Coursera from $15.00 to $10.00 and set an "overweight" rating for the company in a research report on Friday, October 25th. Finally, JPMorgan Chase & Co. started coverage on shares of Coursera in a research report on Monday. They set a "neutral" rating and a $8.00 target price on the stock. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and nine have assigned a buy rating to the company's stock. According to MarketBeat.com, Coursera currently has a consensus rating of "Moderate Buy" and an average price target of $10.66.
Read Our Latest Report on COUR
Coursera Profile
(
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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