Dynamic Technology Lab Private Ltd Sells 241,431 Shares of Coursera, Inc. (NYSE:COUR)

Dynamic Technology Lab Private Ltd lowered its stake in shares of Coursera, Inc. (NYSE:COUR - Free Report) by 82.6% in the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 50,747 shares of the company's stock after selling 241,431 shares during the quarter. Dynamic Technology Lab Private Ltd's holdings in Coursera were worth $403,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in COUR. Vanguard Group Inc. lifted its position in shares of Coursera by 2.3% during the 1st quarter. Vanguard Group Inc. now owns 11,405,792 shares of the company's stock worth $159,909,000 after purchasing an additional 254,108 shares during the last quarter. Millennium Management LLC increased its position in Coursera by 67.0% in the 2nd quarter. Millennium Management LLC now owns 2,800,912 shares of the company's stock worth $20,055,000 after buying an additional 1,123,397 shares during the period. Dimensional Fund Advisors LP lifted its holdings in shares of Coursera by 0.6% during the second quarter. Dimensional Fund Advisors LP now owns 2,655,040 shares of the company's stock worth $19,007,000 after buying an additional 15,694 shares during the last quarter. Assenagon Asset Management S.A. grew its stake in shares of Coursera by 6.3% in the third quarter. Assenagon Asset Management S.A. now owns 1,413,641 shares of the company's stock worth $11,224,000 after acquiring an additional 83,369 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. grew its stake in shares of Coursera by 17.8% in the third quarter. Charles Schwab Investment Management Inc. now owns 1,036,300 shares of the company's stock worth $8,228,000 after acquiring an additional 156,512 shares during the last quarter. Institutional investors and hedge funds own 89.55% of the company's stock.

Analyst Upgrades and Downgrades

A number of analysts have weighed in on the stock. The Goldman Sachs Group reduced their price target on shares of Coursera from $9.00 to $7.25 and set a "sell" rating for the company in a report on Friday, October 25th. Morgan Stanley decreased their target price on Coursera from $15.00 to $10.00 and set an "overweight" rating on the stock in a research report on Friday, October 25th. KeyCorp cut their price target on Coursera from $12.00 to $11.00 and set an "overweight" rating for the company in a report on Friday, October 25th. JPMorgan Chase & Co. assumed coverage on Coursera in a research report on Monday, November 25th. They issued a "neutral" rating and a $8.00 price objective for the company. Finally, Royal Bank of Canada lowered their price objective on Coursera from $18.00 to $10.00 and set an "outperform" rating on the stock in a research report on Friday, October 25th. One investment analyst has rated the stock with a sell rating, two have given a hold rating and nine have given a buy rating to the company's stock. According to data from MarketBeat.com, Coursera presently has an average rating of "Moderate Buy" and a consensus target price of $10.66.

Coursera Stock Down 3.0 %

NYSE COUR traded down $0.25 during trading on Friday, reaching $7.95. 1,542,119 shares of the stock traded hands, compared to its average volume of 3,014,968. Coursera, Inc. has a fifty-two week low of $6.29 and a fifty-two week high of $21.26. The firm has a market cap of $1.26 billion, a price-to-earnings ratio of -15.59 and a beta of 1.44. The stock's 50-day moving average price is $7.47 and its 200 day moving average price is $7.62.

Insider Transactions at Coursera

In other Coursera news, SVP Alan B. Cardenas sold 6,102 shares of Coursera stock in a transaction that occurred on Monday, November 18th. The shares were sold at an average price of $6.83, for a total value of $41,676.66. Following the transaction, the senior vice president now owns 194,082 shares of the company's stock, valued at approximately $1,325,580.06. The trade was a 3.05 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Andrew Y. Ng sold 6,221 shares of the stock in a transaction on Wednesday, September 18th. The stock was sold at an average price of $8.03, for a total transaction of $49,954.63. Following the sale, the director now directly owns 7,297,671 shares of the company's stock, valued at $58,600,298.13. This represents a 0.09 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 13,885 shares of company stock valued at $102,815 over the last three months. 16.30% of the stock is currently owned by corporate insiders.

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.