Strs Ohio Sells 1,600 Shares of Coursera, Inc. (NYSE:COUR)

Strs Ohio lessened its holdings in shares of Coursera, Inc. (NYSE:COUR) by 3.1% during the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 49,500 shares of the company’s stock after selling 1,600 shares during the period. Strs Ohio’s holdings in Coursera were worth $958,000 at the end of the most recent reporting period.

Several other large investors also recently made changes to their positions in COUR. DekaBank Deutsche Girozentrale bought a new position in Coursera in the third quarter valued at about $38,000. Counterpoint Mutual Funds LLC bought a new position in Coursera in the third quarter valued at about $115,000. Martin Currie Ltd. bought a new position in Coursera in the third quarter valued at about $212,000. Victory Capital Management Inc. boosted its holdings in Coursera by 9.4% in the third quarter. Victory Capital Management Inc. now owns 12,008 shares of the company’s stock valued at $224,000 after acquiring an additional 1,029 shares during the last quarter. Finally, River & Mercantile Asset Management LLP bought a new position in Coursera in the third quarter valued at about $238,000. Institutional investors own 89.55% of the company’s stock.

Coursera Price Performance

NYSE COUR opened at $12.12 on Wednesday. The firm has a market cap of $1.91 billion, a P/E ratio of -15.73 and a beta of 1.48. The stock’s 50-day moving average is $14.47 and its 200-day moving average is $17.45. Coursera, Inc. has a one year low of $9.91 and a one year high of $21.26.

Coursera (NYSE:COUR) last released its quarterly earnings results on Thursday, February 1st. The company reported ($0.12) EPS for the quarter, topping analysts’ consensus estimates of ($0.17) by $0.05. The company had revenue of $168.88 million for the quarter, compared to analyst estimates of $163.64 million. Coursera had a negative return on equity of 18.15% and a negative net margin of 18.33%. Equities analysts anticipate that Coursera, Inc. will post -0.47 EPS for the current year.

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on the company. William Blair reiterated an “outperform” rating on shares of Coursera in a report on Friday, February 2nd. Truist Financial raised their target price on Coursera from $17.00 to $20.00 and gave the stock a “hold” rating in a report on Friday, February 2nd. Morgan Stanley reduced their target price on Coursera from $25.00 to $21.00 and set an “overweight” rating on the stock in a report on Friday, April 19th. Cantor Fitzgerald restated an “overweight” rating and set a $26.00 target price on shares of Coursera in a report on Wednesday, April 17th. Finally, Telsey Advisory Group raised their target price on Coursera from $24.00 to $25.00 and gave the stock an “outperform” rating in a report on Friday, February 2nd. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and eight have given a buy rating to the stock. According to MarketBeat.com, Coursera has a consensus rating of “Moderate Buy” and an average price target of $22.10.

Insider Transactions at Coursera

In other news, COO Shravan Goli sold 35,450 shares of the firm’s stock in a transaction dated Tuesday, February 20th. The stock was sold at an average price of $16.48, for a total transaction of $584,216.00. Following the sale, the chief operating officer now owns 737,641 shares of the company’s stock, valued at $12,156,323.68. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. In related news, CAO Michele M. Meyers sold 2,880 shares of Coursera stock in a transaction that occurred on Thursday, April 18th. The stock was sold at an average price of $12.00, for a total value of $34,560.00. Following the sale, the chief accounting officer now owns 240,159 shares of the company’s stock, valued at approximately $2,881,908. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, COO Shravan Goli sold 35,450 shares of Coursera stock in a transaction that occurred on Tuesday, February 20th. The shares were sold at an average price of $16.48, for a total value of $584,216.00. Following the completion of the sale, the chief operating officer now directly owns 737,641 shares in the company, valued at approximately $12,156,323.68. The disclosure for this sale can be found here. Insiders have sold a total of 653,932 shares of company stock valued at $10,054,814 over the last 90 days. 15.90% of the stock is owned by company insiders.

About Coursera

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.