Bank of New York Mellon Corp Sells 6,826 Shares of Coursera, Inc. (NYSE:COUR)

Bank of New York Mellon Corp trimmed its holdings in shares of Coursera, Inc. (NYSE:COUR) by 1.4% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 493,407 shares of the company’s stock after selling 6,826 shares during the quarter. Bank of New York Mellon Corp owned approximately 0.33% of Coursera worth $6,424,000 at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in the business. Values First Advisors Inc. grew its position in Coursera by 19.8% during the second quarter. Values First Advisors Inc. now owns 46,822 shares of the company’s stock valued at $610,000 after buying an additional 7,745 shares during the period. Bank of Montreal Can bought a new stake in Coursera during the second quarter valued at approximately $272,000. Arizona State Retirement System grew its position in Coursera by 61.3% during the second quarter. Arizona State Retirement System now owns 27,404 shares of the company’s stock valued at $357,000 after buying an additional 10,416 shares during the period. Daiwa Securities Group Inc. grew its position in Coursera by 108.2% during the second quarter. Daiwa Securities Group Inc. now owns 4,810 shares of the company’s stock valued at $63,000 after buying an additional 2,500 shares during the period. Finally, Robeco Institutional Asset Management B.V. lifted its holdings in Coursera by 0.3% during the second quarter. Robeco Institutional Asset Management B.V. now owns 744,168 shares of the company’s stock valued at $9,689,000 after purchasing an additional 2,214 shares in the last quarter. 64.36% of the stock is currently owned by institutional investors.

Coursera Stock Up 1.0 %

Coursera stock opened at $19.38 on Tuesday. The company has a market cap of $2.96 billion, a price-to-earnings ratio of -19.58 and a beta of 1.63. The firm’s fifty day moving average is $18.32 and its 200 day moving average is $15.56. Coursera, Inc. has a 52-week low of $9.91 and a 52-week high of $20.05.

Coursera (NYSE:COUR) last released its quarterly earnings results on Thursday, October 26th. The company reported ($0.20) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.21) by $0.01. The company had revenue of $165.54 million for the quarter, compared to the consensus estimate of $158.32 million. Coursera had a negative net margin of 24.28% and a negative return on equity of 21.18%. On average, equities research analysts anticipate that Coursera, Inc. will post -0.78 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several equities analysts have weighed in on COUR shares. Morgan Stanley lifted their price target on shares of Coursera from $18.00 to $21.00 and gave the company an “overweight” rating in a report on Monday, October 23rd. Needham & Company LLC lifted their price target on shares of Coursera from $19.00 to $21.00 and gave the company a “buy” rating in a report on Friday, October 27th. Telsey Advisory Group reaffirmed an “outperform” rating and set a $20.00 price target on shares of Coursera in a report on Monday, October 23rd. Truist Financial lifted their price target on shares of Coursera from $12.00 to $15.00 and gave the company a “hold” rating in a report on Friday, July 28th. Finally, KeyCorp lifted their price target on shares of Coursera from $18.00 to $22.00 and gave the company an “overweight” rating in a report on Friday, October 27th. Three research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $20.45.

Insider Activity at Coursera

In other Coursera news, COO Shravan Goli sold 2,500 shares of the business’s stock in a transaction on Friday, September 15th. The shares were sold at an average price of $18.04, for a total transaction of $45,100.00. Following the transaction, the chief operating officer now owns 881,404 shares in the company, valued at $15,900,528.16. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. In other Coursera news, SVP Alan B. Cardenas sold 7,696 shares of the business’s stock in a transaction on Friday, November 17th. The shares were sold at an average price of $19.31, for a total transaction of $148,609.76. Following the transaction, the senior vice president now owns 179,486 shares in the company, valued at $3,465,874.66. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, COO Shravan Goli sold 2,500 shares of the business’s stock in a transaction on Friday, September 15th. The shares were sold at an average price of $18.04, for a total transaction of $45,100.00. Following the transaction, the chief operating officer now owns 881,404 shares in the company, valued at approximately $15,900,528.16. The disclosure for this sale can be found here. Insiders have sold a total of 626,212 shares of company stock valued at $11,585,953 over the last 90 days. 16.30% of the stock is owned by corporate insiders.

About Coursera

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, physical science and engineering, language learning, information technology, health, social sciences, math and logic, project management, and arts and humanities; campus student plans; degree courses; and certification education.