Zurcher Kantonalbank Zurich Cantonalbank Acquires 3,123 Shares of Coursera, Inc. (NYSE:COUR)

Zurcher Kantonalbank Zurich Cantonalbank lifted its holdings in shares of Coursera, Inc. (NYSE:COUR) by 17.0% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 21,528 shares of the company’s stock after purchasing an additional 3,123 shares during the quarter. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in Coursera were worth $417,000 as of its most recent SEC filing.

Several other hedge funds also recently made changes to their positions in the business. Baillie Gifford & Co. increased its stake in Coursera by 43.1% in the third quarter. Baillie Gifford & Co. now owns 25,827,187 shares of the company’s stock valued at $482,710,000 after acquiring an additional 7,773,508 shares during the last quarter. Vanguard Group Inc. increased its stake in Coursera by 5.7% in the third quarter. Vanguard Group Inc. now owns 10,614,794 shares of the company’s stock valued at $198,390,000 after acquiring an additional 570,177 shares during the last quarter. Essex Investment Management Co. LLC bought a new position in Coursera in the third quarter valued at approximately $7,572,000. Federated Hermes Inc. bought a new position in Coursera in the third quarter valued at approximately $7,071,000. Finally, Eventide Asset Management LLC increased its stake in Coursera by 8.6% in the third quarter. Eventide Asset Management LLC now owns 3,693,910 shares of the company’s stock valued at $69,039,000 after acquiring an additional 291,815 shares during the last quarter. 89.55% of the stock is owned by institutional investors.

Insider Buying and Selling

In related news, CEO Jeffrey Nacey Maggioncalda sold 50,000 shares of Coursera stock in a transaction on Thursday, April 18th. The shares were sold at an average price of $11.91, for a total transaction of $595,500.00. Following the completion of the transaction, the chief executive officer now owns 2,177,496 shares of the company’s stock, valued at $25,933,977.36. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. In other Coursera news, CEO Jeffrey Nacey Maggioncalda sold 50,000 shares of Coursera stock in a transaction on Thursday, April 18th. The shares were sold at an average price of $11.91, for a total value of $595,500.00. Following the completion of the sale, the chief executive officer now directly owns 2,177,496 shares of the company’s stock, valued at $25,933,977.36. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, SVP Alan B. Cardenas sold 5,864 shares of Coursera stock in a transaction on Tuesday, February 20th. The shares were sold at an average price of $16.54, for a total transaction of $96,990.56. Following the completion of the sale, the senior vice president now directly owns 167,798 shares of the company’s stock, valued at $2,775,378.92. The disclosure for this sale can be found here. Insiders sold 578,932 shares of company stock valued at $8,548,314 over the last quarter. Insiders own 16.30% of the company’s stock.

Coursera Stock Performance

Shares of NYSE:COUR opened at $9.61 on Friday. Coursera, Inc. has a 52 week low of $9.46 and a 52 week high of $21.26. The firm’s fifty day moving average is $13.67 and its 200-day moving average is $17.09. The firm has a market cap of $1.51 billion, a PE ratio of -14.19 and a beta of 1.57.

Coursera (NYSE:COUR) last announced its earnings results on Monday, April 29th. The company reported $0.07 earnings per share for the quarter, topping analysts’ consensus estimates of $0.01 by $0.06. Coursera had a negative net margin of 16.05% and a negative return on equity of 15.97%. The business had revenue of $169.10 million during the quarter, compared to the consensus estimate of $170.43 million. During the same quarter last year, the firm earned ($0.24) earnings per share. Coursera’s quarterly revenue was up 14.6% on a year-over-year basis. Sell-side analysts forecast that Coursera, Inc. will post -0.47 EPS for the current year.

Analyst Upgrades and Downgrades

A number of analysts have weighed in on the stock. Truist Financial cut their target price on shares of Coursera from $20.00 to $12.00 and set a “hold” rating on the stock in a research report on Tuesday. The Goldman Sachs Group cut their target price on shares of Coursera from $15.00 to $10.50 and set a “sell” rating on the stock in a research report on Wednesday. William Blair restated an “outperform” rating on shares of Coursera in a research report on Friday, February 2nd. Morgan Stanley cut their target price on shares of Coursera from $21.00 to $15.00 and set an “overweight” rating on the stock in a research report on Tuesday. Finally, Telsey Advisory Group restated an “outperform” rating and issued a $25.00 target price on shares of Coursera in a research report on Thursday, April 25th. One investment 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, the company presently has an average rating of “Moderate Buy” and an average price target of $16.85.

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.