Allspring Global Investments Holdings LLC Takes Position in Coursera, Inc. (NYSE:COUR)

Allspring Global Investments Holdings LLC purchased a new stake in shares of Coursera, Inc. (NYSE:COURGet Rating) during the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm purchased 35,774 shares of the company’s stock, valued at approximately $385,000.

A number of other hedge funds have also recently made changes to their positions in the company. Baillie Gifford & Co. boosted its stake in shares of Coursera by 2.8% during the second quarter. Baillie Gifford & Co. now owns 17,908,919 shares of the company’s stock valued at $253,949,000 after purchasing an additional 487,539 shares in the last quarter. Vanguard Group Inc. raised its position in shares of Coursera by 1.1% during the first quarter. Vanguard Group Inc. now owns 9,032,385 shares of the company’s stock worth $208,106,000 after acquiring an additional 102,335 shares during the last quarter. Caledonia Private Investments Pty Ltd raised its position in shares of Coursera by 109.9% during the second quarter. Caledonia Private Investments Pty Ltd now owns 5,987,653 shares of the company’s stock worth $84,905,000 after acquiring an additional 3,134,591 shares during the last quarter. State Street Corp raised its position in shares of Coursera by 33.4% during the second quarter. State Street Corp now owns 1,831,061 shares of the company’s stock worth $25,964,000 after acquiring an additional 458,106 shares during the last quarter. Finally, Robeco Institutional Asset Management B.V. raised its position in shares of Coursera by 6.0% during the second quarter. Robeco Institutional Asset Management B.V. now owns 961,368 shares of the company’s stock worth $13,632,000 after acquiring an additional 54,106 shares during the last quarter. 62.31% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other Coursera news, Director Amanda Clark sold 9,598 shares of the company’s stock in a transaction on Thursday, November 17th. The shares were sold at an average price of $13.79, for a total transaction of $132,356.42. Following the transaction, the director now owns 55,752 shares in the company, valued at $768,820.08. The transaction was disclosed in a filing with the SEC, which is accessible through this link. In other news, Director Andrew Y. Ng sold 40,000 shares of the company’s stock in a transaction on Tuesday, November 1st. The shares were sold at an average price of $12.95, for a total value of $518,000.00. Following the completion of the sale, the director now owns 7,290,398 shares in the company, valued at approximately $94,410,654.10. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Amanda Clark sold 9,598 shares of the company’s stock in a transaction on Thursday, November 17th. The stock was sold at an average price of $13.79, for a total transaction of $132,356.42. Following the completion of the sale, the director now owns 55,752 shares of the company’s stock, valued at approximately $768,820.08. The disclosure for this sale can be found here.

Coursera Trading Up 2.4 %

COUR opened at $14.14 on Wednesday. The company’s fifty day moving average price is $12.95 and its two-hundred day moving average price is $12.85. Coursera, Inc. has a 1-year low of $9.81 and a 1-year high of $24.01. The company has a market cap of $2.07 billion, a price-to-earnings ratio of -11.78 and a beta of 1.41.

Coursera (NYSE:COURGet Rating) last released its quarterly earnings data on Wednesday, October 26th. The company reported ($0.25) earnings per share for the quarter, topping the consensus estimate of ($0.26) by $0.01. Coursera had a negative net margin of 34.51% and a negative return on equity of 23.68%. The firm had revenue of $136.39 million for the quarter, compared to the consensus estimate of $128.38 million. As a group, equities analysts forecast that Coursera, Inc. will post -1.13 earnings per share for the current fiscal year.

Analyst Ratings Changes

COUR has been the subject of a number of analyst reports. Truist Financial lowered their price objective on Coursera from $20.00 to $17.00 in a research report on Thursday, October 27th. UBS Group raised their price objective on Coursera to $15.00 in a research report on Wednesday, November 16th. Finally, Morgan Stanley lowered their target price on Coursera from $18.00 to $17.00 and set an “overweight” rating for the company in a report on Tuesday, October 25th. Four research analysts have rated the stock with a hold rating and five have given a buy rating to the stock. According to data from MarketBeat.com, Coursera presently has a consensus rating of “Moderate Buy” and an average price target of $23.64.

About Coursera

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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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