Coursera, Inc. (NYSE:COUR) Shares Sold by Baillie Gifford & Co.

Baillie Gifford & Co. trimmed its stake in Coursera, Inc. (NYSE:COUR - Free Report) by 5.5% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 21,079,968 shares of the company's stock after selling 1,218,360 shares during the period. Baillie Gifford & Co. owned approximately 13.43% of Coursera worth $167,375,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently modified their holdings of the stock. CWM LLC increased its position in shares of Coursera by 7,568.6% during the second quarter. CWM LLC now owns 3,911 shares of the company's stock worth $28,000 after acquiring an additional 3,860 shares during the period. Natixis bought a new stake in shares of Coursera in the first quarter valued at about $35,000. Covestor Ltd lifted its stake in Coursera by 72.9% in the first quarter. Covestor Ltd now owns 4,378 shares of the company's stock worth $61,000 after acquiring an additional 1,846 shares during the period. nVerses Capital LLC grew its holdings in Coursera by 26.1% during the 2nd quarter. nVerses Capital LLC now owns 8,700 shares of the company's stock worth $62,000 after acquiring an additional 1,800 shares in the last quarter. Finally, LGT Group Foundation bought a new stake in shares of Coursera in the 2nd quarter valued at about $73,000. Hedge funds and other institutional investors own 89.55% of the company's stock.

Insiders Place Their Bets

In related news, Director Andrew Y. Ng sold 6,221 shares of the stock in a transaction that occurred on 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 transaction, the director now directly owns 7,297,671 shares in the company, valued at approximately $58,600,298.13. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. In other Coursera news, Director Andrew Y. Ng sold 6,221 shares of the 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 sale, the director now owns 7,297,671 shares of the company's stock, valued at $58,600,298.13. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Andrew Y. Ng sold 25,000 shares of Coursera stock in a transaction on Wednesday, August 21st. The stock was sold at an average price of $8.40, for a total transaction of $210,000.00. Following the sale, the director now directly owns 7,203,892 shares of the company's stock, valued at approximately $60,512,692.80. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 39,068 shares of company stock valued at $324,787 over the last ninety days. Company insiders own 16.30% of the company's stock.

Coursera Trading Down 1.2 %

NYSE:COUR traded down $0.09 during trading hours on Tuesday, hitting $7.37. The company had a trading volume of 1,062,152 shares, compared to its average volume of 2,231,582. Coursera, Inc. has a 1 year low of $6.29 and a 1 year high of $21.26. The company has a 50-day moving average of $7.58 and a 200 day moving average of $7.84. The company has a market cap of $1.17 billion, a P/E ratio of -14.61 and a beta of 1.44.

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on COUR. Cantor Fitzgerald cut their price target on Coursera from $22.00 to $10.00 and set an "overweight" rating on the stock in a report on Friday, October 25th. Bank of America started coverage on shares of Coursera in a research note on Thursday, September 19th. They issued a "buy" rating and a $11.00 target price for the company. Morgan Stanley lowered their price objective on Coursera from $15.00 to $10.00 and set an "overweight" rating for the company in a research report on Friday, October 25th. BMO Capital Markets reduced their target price on Coursera from $10.00 to $9.00 and set an "outperform" rating on the stock in a research report on Friday, October 25th. Finally, Royal Bank of Canada lowered their price target on Coursera from $18.00 to $10.00 and set an "outperform" 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 assigned a buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average price target of $10.93.

About Coursera

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.