ExodusPoint Capital Management LP Has $843,000 Stock Position in Coursera, Inc. (NYSE:COUR)

ExodusPoint Capital Management LP trimmed its holdings in shares of Coursera, Inc. (NYSE:COUR - Free Report) by 76.0% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 99,233 shares of the company's stock after selling 314,534 shares during the period. ExodusPoint Capital Management LP owned 0.06% of Coursera worth $843,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in COUR. SBI Securities Co. Ltd. acquired a new stake in Coursera during the 4th quarter worth approximately $35,000. FMR LLC grew its holdings in shares of Coursera by 67.6% during the third quarter. FMR LLC now owns 6,574 shares of the company's stock worth $52,000 after buying an additional 2,651 shares in the last quarter. KBC Group NV raised its position in 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 buying an additional 4,376 shares during the last quarter. New York State Teachers Retirement System acquired a new position in Coursera during the fourth quarter worth $107,000. Finally, Cibc World Markets Corp acquired a new position in shares of Coursera during the 4th quarter worth approximately $109,000. Institutional investors own 89.55% of the company's stock.

Analyst Upgrades and Downgrades

Several research analysts have recently commented on COUR shares. Royal Bank of Canada reiterated an "outperform" rating and set a $10.00 target price on shares of Coursera in a research note on Friday, January 31st. UBS Group raised their target price on shares of Coursera from $7.50 to $8.50 and gave the stock a "neutral" rating in a research note on Friday, January 31st. Bank of America reiterated an "underperform" rating and issued a $7.00 price target on shares of Coursera in a research note on Thursday, March 27th. Needham & Company LLC reaffirmed a "buy" rating and issued a $11.00 target price on shares of Coursera in a research report on Monday, January 27th. Finally, Telsey Advisory Group reissued an "outperform" rating and set a $15.00 price target on shares of Coursera in a report on Tuesday, January 28th. Two equities research analysts have rated the stock with a sell rating, four have given a hold rating and seven have issued a buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of "Hold" and a consensus target price of $9.75.

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Insider Buying and Selling

In related news, SVP Alan B. Cardenas sold 5,613 shares of the firm's stock in a transaction on Wednesday, February 19th. The stock was sold at an average price of $8.26, for a total transaction of $46,363.38. Following the completion of the transaction, the senior vice president now directly owns 180,413 shares of the company's stock, valued at $1,490,211.38. This trade represents a 3.02 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. 16.30% of the stock is currently owned by corporate insiders.

Coursera Stock Performance

Shares of Coursera stock traded up $0.16 during midday trading on Tuesday, hitting $7.01. 583,914 shares of the company traded hands, compared to its average volume of 2,341,621. The firm's fifty day moving average price is $7.35 and its 200-day moving average price is $7.75. The stock has a market cap of $1.13 billion, a price-to-earnings ratio of -13.48 and a beta of 1.42. Coursera, Inc. has a 12 month low of $5.76 and a 12 month high of $13.11.

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.