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

Senvest Management LLC boosted its stake in shares of Coursera, Inc. (NYSE:COUR - Free Report) by 89.0% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 1,214,798 shares of the company's stock after acquiring an additional 571,992 shares during the quarter. Senvest Management LLC owned about 0.77% of Coursera worth $10,326,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors also recently modified their holdings of the stock. Barclays PLC increased its stake in shares of Coursera by 25.0% during the fourth quarter. Barclays PLC now owns 1,202,335 shares of the company's stock worth $10,220,000 after acquiring an additional 240,213 shares during the period. Renaissance Technologies LLC purchased a new stake in Coursera in the 4th quarter valued at approximately $390,000. Bank of Nova Scotia acquired a new position in Coursera during the 4th quarter worth approximately $96,000. Legal & General Group Plc raised its stake in shares of Coursera by 8.7% during the 4th quarter. Legal & General Group Plc now owns 181,230 shares of the company's stock worth $1,540,000 after buying an additional 14,488 shares in the last quarter. Finally, Cerity Partners LLC lifted its holdings in shares of Coursera by 149.7% in the 4th quarter. Cerity Partners LLC now owns 25,539 shares of the company's stock valued at $215,000 after buying an additional 15,312 shares during the period. 89.55% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In related news, SVP Alan B. Cardenas sold 5,613 shares of the stock in a transaction dated Wednesday, February 19th. The stock was sold at an average price of $8.26, for a total transaction of $46,363.38. Following the transaction, the senior vice president now directly owns 180,413 shares in the company, valued at approximately $1,490,211.38. This represents a 3.02 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. 16.30% of the stock is owned by company insiders.

Coursera Trading Up 4.1 %

Shares of Coursera stock traded up $0.29 during mid-day trading on Friday, hitting $7.31. 1,518,573 shares of the stock were exchanged, compared to its average volume of 2,339,564. The company has a 50-day simple moving average of $7.29 and a 200 day simple moving average of $7.73. The stock has a market capitalization of $1.18 billion, a price-to-earnings ratio of -14.05 and a beta of 1.42. Coursera, Inc. has a twelve month low of $5.76 and a twelve month high of $12.37.

Analysts Set New Price Targets

Several research firms have issued reports on COUR. Morgan Stanley cut their price objective on Coursera from $10.00 to $9.00 and set an "overweight" rating for the company in a research report on Wednesday. UBS Group raised their price objective on shares of Coursera from $7.50 to $8.50 and gave the company a "neutral" rating in a research note on Friday, January 31st. Needham & Company LLC restated a "buy" rating and set a $11.00 target price on shares of Coursera in a research report on Monday, January 27th. Telsey Advisory Group reaffirmed an "outperform" rating and issued a $15.00 target price on shares of Coursera in a report on Tuesday, January 28th. Finally, JPMorgan Chase & Co. decreased their price target on Coursera from $8.00 to $7.00 and set a "neutral" rating on the stock in a research note on Tuesday, April 8th. Two analysts have rated the stock with a sell rating, four have issued a hold rating and seven have issued a buy rating to the company's stock. According to data from MarketBeat.com, the stock has a consensus rating of "Hold" and a consensus target price of $9.67.

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.