Renaissance Technologies LLC Sells 1,136,000 Shares of Coursera, Inc. (NYSE:COUR)

Renaissance Technologies LLC lessened its stake in Coursera, Inc. (NYSE:COUR - Free Report) by 98.4% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 18,400 shares of the company's stock after selling 1,136,000 shares during the quarter. Renaissance Technologies LLC's holdings in Coursera were worth $132,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in COUR. Goldman Sachs Group Inc. grew its holdings in Coursera by 38.7% during the fourth quarter. Goldman Sachs Group Inc. now owns 2,475,585 shares of the company's stock valued at $47,952,000 after purchasing an additional 690,931 shares during the period. Vanguard Group Inc. grew its holdings in Coursera by 5.1% during the fourth quarter. Vanguard Group Inc. now owns 11,151,684 shares of the company's stock valued at $216,008,000 after purchasing an additional 536,890 shares during the period. Moody National Bank Trust Division grew its holdings in Coursera by 11.4% during the first quarter. Moody National Bank Trust Division now owns 27,451 shares of the company's stock valued at $385,000 after purchasing an additional 2,804 shares during the period. Hussman Strategic Advisors Inc. acquired a new position in Coursera during the first quarter valued at approximately $2,355,000. Finally, Mutual of America Capital Management LLC grew its holdings in Coursera by 84.5% during the first quarter. Mutual of America Capital Management LLC now owns 227,616 shares of the company's stock valued at $3,191,000 after purchasing an additional 104,236 shares during the period. Institutional investors and hedge funds own 89.55% of the company's stock.

Insiders Place Their Bets

In other news, SVP Alan B. Cardenas sold 6,285 shares of the business's stock in a transaction dated Monday, August 19th. The stock was sold at an average price of $8.27, for a total value of $51,976.95. Following the completion of the sale, the senior vice president now owns 207,434 shares of the company's stock, valued at approximately $1,715,479.18. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. In other news, SVP Alan B. Cardenas sold 6,285 shares of the business's stock in a transaction dated Monday, August 19th. The stock was sold at an average price of $8.27, for a total value of $51,976.95. Following the completion of the sale, the senior vice president now owns 207,434 shares of the company's stock, valued at approximately $1,715,479.18. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Andrew Y. Ng sold 25,000 shares of the business's stock in a transaction dated Wednesday, August 21st. The shares were sold at an average price of $8.40, for a total value of $210,000.00. Following the completion of 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 position. The disclosure for this sale can be found here. Insiders sold a total of 39,068 shares of company stock valued at $324,787 over the last 90 days. Insiders own 16.30% of the company's stock.

Coursera Trading Up 0.2 %

Shares of NYSE COUR traded up $0.02 during mid-day trading on Monday, hitting $7.58. The company had a trading volume of 1,218,960 shares, compared to its average volume of 2,160,394. The company has a market capitalization of $1.18 billion, a price-to-earnings ratio of -10.98 and a beta of 1.42. Coursera, Inc. has a 1 year low of $6.35 and a 1 year high of $21.26. The stock's 50-day moving average price is $7.89 and its 200-day moving average price is $8.62.

Coursera (NYSE:COUR - Get Free Report) last posted its quarterly earnings data on Thursday, July 25th. The company reported $0.09 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.01 by $0.08. The company had revenue of $170.30 million during the quarter, compared to analyst estimates of $164.67 million. Coursera had a negative return on equity of 13.92% and a negative net margin of 14.35%. The firm's quarterly revenue was up 10.8% on a year-over-year basis. During the same quarter last year, the company earned ($0.20) earnings per share. As a group, equities research analysts forecast that Coursera, Inc. will post -0.44 earnings per share for the current year.

Analyst Ratings Changes

A number of brokerages have weighed in on COUR. Needham & Company LLC reaffirmed a "buy" rating and issued a $15.00 price target on shares of Coursera in a research note on Friday, July 26th. Telsey Advisory Group reissued an "outperform" rating and issued a $18.00 price objective on shares of Coursera in a research report on Monday, July 22nd. Cantor Fitzgerald raised shares of Coursera to a "strong-buy" rating in a research report on Tuesday, August 13th. KeyCorp cut their price objective on shares of Coursera from $14.00 to $12.00 and set an "overweight" rating on the stock in a research report on Monday, July 22nd. Finally, Bank of America started coverage on shares of Coursera in a research report on Thursday, September 19th. They issued a "buy" rating and a $11.00 price objective on the stock. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating, eight have given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $14.73.

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.