Jacobs Levy Equity Management Inc. Trims Stake in Coursera, Inc. (NYSE:COUR)

Jacobs Levy Equity Management Inc. cut its stake in shares of Coursera, Inc. (NYSE:COUR - Free Report) by 46.4% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 1,365,520 shares of the company's stock after selling 1,181,446 shares during the period. Jacobs Levy Equity Management Inc. owned 0.86% of Coursera worth $10,842,000 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 company. CWM LLC boosted its stake in Coursera by 7,568.6% during the second quarter. CWM LLC now owns 3,911 shares of the company's stock valued at $28,000 after buying an additional 3,860 shares during the period. FMR LLC grew its position in Coursera by 67.6% during the 3rd quarter. FMR LLC now owns 6,574 shares of the company's stock worth $52,000 after acquiring an additional 2,651 shares during the last quarter. nVerses Capital LLC lifted its position in Coursera by 26.1% in the second quarter. nVerses Capital LLC now owns 8,700 shares of the company's stock valued at $62,000 after purchasing an additional 1,800 shares during the last quarter. LGT Group Foundation purchased a new stake in shares of Coursera during the second quarter valued at approximately $73,000. Finally, Quarry LP grew its holdings in shares of Coursera by 936.6% in the second quarter. Quarry LP now owns 10,356 shares of the company's stock worth $74,000 after purchasing an additional 9,357 shares during the last quarter. 89.55% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In related news, Director Andrew Y. Ng sold 6,221 shares of the business'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 transaction, the director now owns 7,297,671 shares in the company, valued at $58,600,298.13. The trade was a 0.09 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, SVP Alan B. Cardenas sold 6,102 shares of the business's stock in a transaction that occurred on Monday, November 18th. The stock was 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 in the company, valued at $1,325,580.06. The trade was 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 in the last 90 days. Insiders own 16.30% of the company's stock.

Coursera Trading Down 1.5 %

Shares of NYSE COUR traded down $0.12 during midday trading on Friday, hitting $8.25. The company's stock had a trading volume of 1,400,614 shares, compared to its average volume of 2,290,729. The business's 50 day moving average is $7.50 and its two-hundred day moving average is $7.61. Coursera, Inc. has a 12-month low of $6.29 and a 12-month high of $21.26. The firm has a market cap of $1.31 billion, a P/E ratio of -16.41 and a beta of 1.49.

Wall Street Analysts Forecast Growth

COUR has been the topic of a number of research reports. Bank of America started coverage on shares of Coursera in a research note on Thursday, September 19th. They set a "buy" rating and a $11.00 target price on the stock. The Goldman Sachs Group dropped their price target on Coursera from $9.00 to $7.25 and set a "sell" rating on the stock in a research report on Friday, October 25th. Scotiabank assumed coverage on shares of Coursera in a research note on Thursday. They issued a "sector perform" rating and a $9.00 price target for the company. Cantor Fitzgerald reissued an "overweight" rating and set a $10.00 price objective on shares of Coursera in a research note on Thursday. Finally, Needham & Company LLC decreased their target price on shares of Coursera from $15.00 to $11.00 and set a "buy" rating for the company in a research note on Friday, October 25th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and nine have given a buy rating to the company. Based on data from MarketBeat.com, Coursera currently has an average rating of "Moderate Buy" and an average target price of $10.52.

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.