Walleye Capital LLC Has $583,000 Stock Position in Coursera, Inc. (NYSE:COUR)

Walleye Capital LLC cut its position in Coursera, Inc. (NYSE:COURGet Rating) by 72.0% in the 1st quarter, HoldingsChannel.com reports. The institutional investor owned 25,298 shares of the company’s stock after selling 65,125 shares during the quarter. Walleye Capital LLC’s holdings in Coursera were worth $583,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in COUR. Norges Bank acquired a new stake in Coursera in the fourth quarter valued at approximately $193,539,000. KPCB XIV Associates LLC acquired a new position in Coursera during the fourth quarter worth $137,723,000. Caledonia Private Investments Pty Ltd grew its holdings in shares of Coursera by 95.2% during the fourth quarter. Caledonia Private Investments Pty Ltd now owns 2,947,489 shares of the company’s stock valued at $72,037,000 after buying an additional 1,437,805 shares during the last quarter. Eventide Asset Management LLC raised its holdings in shares of Coursera by 43.2% in the 1st quarter. Eventide Asset Management LLC now owns 2,489,174 shares of the company’s stock worth $57,351,000 after acquiring an additional 750,946 shares during the last quarter. Finally, Trustees of The University of Pennsylvania boosted its stake in Coursera by 2,124.6% during the 1st quarter. Trustees of The University of Pennsylvania now owns 642,920 shares of the company’s stock valued at $14,813,000 after purchasing an additional 614,020 shares during the last quarter. 63.56% of the stock is owned by institutional investors.

Insider Buying and Selling

In other Coursera news, SVP Mustafa S. Furniturewala sold 4,166 shares of the company’s stock in a transaction dated Thursday, August 4th. The shares were sold at an average price of $14.00, for a total transaction of $58,324.00. Following the sale, the senior vice president now directly owns 187,339 shares of the company’s stock, valued at $2,622,746. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. In other news, Director Andrew Y. Ng sold 40,000 shares of Coursera stock in a transaction on Tuesday, July 19th. The stock was sold at an average price of $16.53, for a total value of $661,200.00. Following the completion of the transaction, the director now directly owns 7,410,398 shares in the company, valued at $122,493,878.94. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, SVP Mustafa S. Furniturewala sold 4,166 shares of the stock in a transaction dated Thursday, August 4th. The stock was sold at an average price of $14.00, for a total value of $58,324.00. Following the sale, the senior vice president now directly owns 187,339 shares in the company, valued at approximately $2,622,746. The disclosure for this sale can be found here. In the last 90 days, insiders sold 160,548 shares of company stock valued at $2,311,786.

Analysts Set New Price Targets

Several brokerages have recently commented on COUR. Cantor Fitzgerald lowered their price objective on Coursera from $30.00 to $19.00 in a research note on Thursday, July 28th. The Goldman Sachs Group lowered Coursera from a “buy” rating to a “neutral” rating and lowered their price target for the company from $23.00 to $14.00 in a research report on Thursday, July 28th. Morgan Stanley cut their price objective on shares of Coursera from $31.00 to $28.00 and set an “overweight” rating on the stock in a report on Tuesday, July 19th. Telsey Advisory Group lowered their target price on shares of Coursera from $38.00 to $20.00 and set an “outperform” rating for the company in a report on Thursday, July 28th. Finally, Stifel Nicolaus downgraded shares of Coursera from a “buy” rating to a “hold” rating and reduced their price objective for the stock from $26.00 to $14.00 in a research report on Thursday, July 28th. Four analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. According to MarketBeat.com, Coursera currently has an average rating of “Moderate Buy” and a consensus target price of $25.38.

Coursera Stock Down 1.9 %

Shares of COUR stock opened at $10.57 on Thursday. The firm has a market cap of $1.54 billion, a P/E ratio of -8.96 and a beta of 1.34. The company has a 50 day moving average of $13.23 and a 200-day moving average of $16.34. Coursera, Inc. has a 12-month low of $10.53 and a 12-month high of $37.75.

Coursera (NYSE:COURGet Rating) last announced its quarterly earnings data on Wednesday, July 27th. The company reported ($0.34) earnings per share for the quarter, missing the consensus estimate of ($0.31) by ($0.03). The firm had revenue of $124.80 million for the quarter, compared to the consensus estimate of $130.90 million. Coursera had a negative net margin of 35.70% and a negative return on equity of 22.81%. Coursera’s revenue for the quarter was up 22.2% on a year-over-year basis. During the same period last year, the company posted ($0.35) earnings per share. As a group, equities analysts expect that Coursera, Inc. will post -1.09 EPS for the current year.

Coursera Profile

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Coursera, Inc operates an online educational content platform that connects learners, educators, organizations, and institutions. It offers online courses that include data science, business, computer science, information technology, health, social sciences, logic, project management, and digital marketing services; campus student plans; degree courses; and certification education.

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Institutional Ownership by Quarter for Coursera (NYSE:COUR)

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