Senvest Management LLC Raises Stake in Coursera, Inc. (NYSE:COUR)

Senvest Management LLC lifted its holdings in Coursera, Inc. (NYSE:COUR - Free Report) by 994.7% during the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 642,806 shares of the company's stock after acquiring an additional 584,085 shares during the period. Senvest Management LLC owned approximately 0.41% of Coursera worth $5,104,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also modified their holdings of COUR. Assenagon Asset Management S.A. acquired a new stake in Coursera during the second quarter worth about $9,525,000. Millennium Management LLC boosted its stake in shares of Coursera by 67.0% in the 2nd quarter. Millennium Management LLC now owns 2,800,912 shares of the company's stock valued at $20,055,000 after purchasing an additional 1,123,397 shares in the last quarter. Jacobs Levy Equity Management Inc. boosted its stake in shares of Coursera by 158.6% in the 1st quarter. Jacobs Levy Equity Management Inc. now owns 1,653,704 shares of the company's stock valued at $23,185,000 after purchasing an additional 1,014,316 shares in the last quarter. M&G Plc acquired a new stake in shares of Coursera in the 2nd quarter valued at approximately $5,048,000. Finally, Acadian Asset Management LLC boosted its stake in shares of Coursera by 101.9% in the 2nd quarter. Acadian Asset Management LLC now owns 940,592 shares of the company's stock valued at $6,731,000 after purchasing an additional 474,723 shares in the last quarter. 89.55% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Coursera

In other news, Director Andrew Y. Ng sold 6,221 shares of the company's stock in a transaction dated 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 in the company, valued at $58,600,298.13. This represents a 0.09 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. Also, SVP Alan B. Cardenas sold 6,102 shares of the company's stock in a transaction dated Monday, November 18th. The shares were sold at an average price of $6.83, for a total value of $41,676.66. Following the sale, the senior vice president now owns 194,082 shares in the company, valued at approximately $1,325,580.06. This represents a 3.05 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 13,885 shares of company stock worth $102,815 in the last ninety days. Company insiders own 16.30% of the company's stock.

Coursera Price Performance

Shares of NYSE COUR traded up $0.13 during mid-day trading on Friday, reaching $7.11. 6,789,720 shares of the company's stock were exchanged, compared to its average volume of 2,668,253. The firm has a market capitalization of $1.13 billion, a price-to-earnings ratio of -13.94 and a beta of 1.44. Coursera, Inc. has a 52 week low of $6.29 and a 52 week high of $21.26. The firm has a 50-day moving average price of $7.47 and a two-hundred day moving average price of $7.64.

Analysts Set New Price Targets

COUR has been the topic of a number of research analyst reports. Bank of America assumed coverage on shares of Coursera in a research note on Thursday, September 19th. They issued a "buy" rating and a $11.00 price target on the stock. The Goldman Sachs Group dropped their price objective 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. Telsey Advisory Group reiterated an "outperform" rating and issued a $18.00 price objective on shares of Coursera in a report on Monday, October 21st. Needham & Company LLC lowered their price target on shares of Coursera from $15.00 to $11.00 and set a "buy" rating for the company in a report on Friday, October 25th. Finally, Royal Bank of Canada lowered their price target on shares of Coursera from $18.00 to $10.00 and set an "outperform" rating for the company in a report on Friday, October 25th. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating and nine have issued a buy rating to the company's stock. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and an average target price of $10.93.

Coursera 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.