Trexquant Investment LP Buys 122,422 Shares of Coursera, Inc. (NYSE:COUR)

Trexquant Investment LP lifted its stake in shares of Coursera, Inc. (NYSE:COUR - Free Report) by 11.6% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 1,180,745 shares of the company's stock after purchasing an additional 122,422 shares during the period. Trexquant Investment LP owned approximately 0.75% of Coursera worth $10,036,000 at the end of the most recent reporting period.

Several other large investors have also bought and sold shares of COUR. Franklin Resources Inc. raised its holdings in Coursera by 19.6% during the 4th quarter. Franklin Resources Inc. now owns 260,866 shares of the company's stock worth $2,217,000 after buying an additional 42,765 shares during the period. Alliancebernstein L.P. grew its holdings in shares of Coursera by 220.3% during the fourth quarter. Alliancebernstein L.P. now owns 473,670 shares of the company's stock worth $4,026,000 after buying an additional 325,770 shares in the last quarter. Martin Currie Ltd. boosted its holdings in Coursera by 54.6% during the fourth quarter. Martin Currie Ltd. now owns 34,119 shares of the company's stock worth $290,000 after purchasing an additional 12,047 shares during the last quarter. Norges Bank bought a new position in Coursera in the fourth quarter valued at $17,010,000. Finally, Caisse Des Depots ET Consignations bought a new stake in Coursera during the 4th quarter worth about $1,420,000. 89.55% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other news, SVP Alan B. Cardenas sold 5,613 shares of the firm's stock in a transaction that occurred on Wednesday, February 19th. The shares were sold at an average price of $8.26, for a total value of $46,363.38. Following the sale, the senior vice president now directly owns 180,413 shares in the company, valued at approximately $1,490,211.38. This trade represents a 3.02 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Corporate insiders own 16.30% of the company's stock.

Coursera Stock Down 2.7 %

Shares of NYSE:COUR traded down $0.17 during midday trading on Monday, hitting $6.09. The stock had a trading volume of 659,325 shares, compared to its average volume of 2,331,773. The company's 50-day moving average price is $7.67 and its 200-day moving average price is $7.83. Coursera, Inc. has a fifty-two week low of $5.77 and a fifty-two week high of $13.90. The company has a market capitalization of $975.33 million, a P/E ratio of -11.64 and a beta of 1.42.

Analyst Upgrades and Downgrades

COUR has been the topic of a number of recent research reports. Bank of America reaffirmed an "underperform" rating and issued a $7.00 target price on shares of Coursera in a research report on Thursday, March 27th. UBS Group boosted their price target on Coursera from $7.50 to $8.50 and gave the stock a "neutral" rating in a research report on Friday, January 31st. Telsey Advisory Group reissued an "outperform" rating and issued a $15.00 price objective on shares of Coursera in a report on Tuesday, January 28th. Needham & Company LLC reissued a "buy" rating and issued a $11.00 target price on shares of Coursera in a research note on Monday, January 27th. Finally, Royal Bank of Canada reaffirmed an "outperform" rating and set a $10.00 price target on shares of Coursera in a research report on Friday, January 31st. Two research analysts have rated the stock with a sell rating, four have assigned a hold rating and seven have issued a buy rating to the company. According to MarketBeat.com, the company has a consensus rating of "Hold" and a consensus target price of $9.83.

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.