Allspring Global Investments Holdings LLC Invests $385,000 in Coursera, Inc. (NYSE:COUR)

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

A number of other institutional investors and hedge funds have also recently modified their holdings of the company. IQ EQ FUND MANAGEMENT IRELAND Ltd raised its stake in Coursera by 5.5% in the second quarter. IQ EQ FUND MANAGEMENT IRELAND Ltd now owns 31,070 shares of the company’s stock valued at $441,000 after purchasing an additional 1,610 shares in the last quarter. Deutsche Bank AG raised its stake in Coursera by 9.7% in the second quarter. Deutsche Bank AG now owns 302,915 shares of the company’s stock valued at $4,296,000 after purchasing an additional 26,886 shares in the last quarter. Strs Ohio raised its stake in Coursera by 240.5% in the second quarter. Strs Ohio now owns 44,600 shares of the company’s stock valued at $632,000 after purchasing an additional 31,500 shares in the last quarter. State Board of Administration of Florida Retirement System purchased a new stake in Coursera in the second quarter valued at approximately $382,000. Finally, Mirae Asset Global Investments Co. Ltd. raised its stake in Coursera by 307.7% in the second quarter. Mirae Asset Global Investments Co. Ltd. now owns 42,405 shares of the company’s stock valued at $601,000 after purchasing an additional 32,003 shares in the last quarter. 62.31% of the stock is owned by hedge funds and other institutional investors.

Coursera Stock Up 2.4 %

NYSE:COUR opened at $14.14 on Wednesday. The stock has a market cap of $2.07 billion, a P/E ratio of -11.78 and a beta of 1.41. The firm’s fifty day simple moving average is $12.95 and its 200 day simple moving average is $12.85. Coursera, Inc. has a twelve month low of $9.81 and a twelve month high of $24.01.

Coursera (NYSE:COURGet Rating) last released its quarterly earnings results on Wednesday, October 26th. The company reported ($0.25) earnings per share for the quarter, beating the consensus estimate of ($0.26) by $0.01. The business had revenue of $136.39 million for the quarter, compared to analysts’ expectations of $128.38 million. Coursera had a negative net margin of 34.51% and a negative return on equity of 23.68%. On average, analysts expect that Coursera, Inc. will post -1.13 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

COUR has been the topic of a number of recent analyst reports. UBS Group raised their target price on shares of Coursera to $15.00 in a research note on Wednesday, November 16th. Morgan Stanley decreased their price target on shares of Coursera from $18.00 to $17.00 and set an “overweight” rating on the stock in a research note on Tuesday, October 25th. Finally, Truist Financial decreased their price target on shares of Coursera from $20.00 to $17.00 in a research note on Thursday, October 27th. Four investment analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $23.64.

Insider Activity at Coursera

In related news, Director Andrew Y. Ng sold 40,000 shares of Coursera 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 sale, the director now owns 7,290,398 shares in the company, valued at $94,410,654.10. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. In other Coursera news, Director Amanda Clark sold 9,598 shares of the firm’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 transaction, the director now owns 55,752 shares of the company’s stock, valued at $768,820.08. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Andrew Y. Ng sold 40,000 shares of the firm’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 transaction, the director now directly owns 7,290,398 shares of the company’s stock, valued at approximately $94,410,654.10. The disclosure for this sale can be found here.

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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