Victory Capital Management Inc. Buys 42,993 Shares of Coursera, Inc. (NYSE:COUR)

Victory Capital Management Inc. boosted its position in shares of Coursera, Inc. (NYSE:COUR) by 110.9% in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 81,749 shares of the company’s stock after buying an additional 42,993 shares during the quarter. Victory Capital Management Inc. owned 0.05% of Coursera worth $649,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also bought and sold shares of the company. Versor Investments LP bought a new position in shares of Coursera during the third quarter valued at approximately $106,000. Los Angeles Capital Management LLC purchased a new stake in Coursera in the third quarter worth $149,000. Harbor Capital Advisors Inc. increased its stake in Coursera by 11.2% in the third quarter. Harbor Capital Advisors Inc. now owns 26,424 shares of the company’s stock worth $210,000 after purchasing an additional 2,658 shares during the period. Janney Montgomery Scott LLC bought a new stake in shares of Coursera during the third quarter worth $835,000. Finally, Assenagon Asset Management S.A. boosted its stake in shares of Coursera by 6.3% during the third quarter. Assenagon Asset Management S.A. now owns 1,413,641 shares of the company’s stock valued at $11,224,000 after purchasing an additional 83,369 shares during the period. Institutional investors own 89.55% of the company’s stock.

Insiders Place Their Bets

In related news, SVP Alan B. Cardenas sold 6,102 shares of the firm’s stock in a transaction on Monday, November 18th. The stock was sold at an average price of $6.83, for a total value of $41,676.66. Following the completion of the transaction, the senior vice president now owns 194,082 shares in the company, valued at $1,325,580.06. This trade represents a 3.05 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Andrew Y. Ng sold 6,221 shares of the business’s stock in a transaction dated Wednesday, September 18th. The shares were sold at an average price of $8.03, for a total value of $49,954.63. Following the sale, the director now owns 7,297,671 shares in the company, valued at approximately $58,600,298.13. The trade was a 0.09 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 13,885 shares of company stock valued at $102,815. Insiders own 16.30% of the company’s stock.

Coursera Stock Up 5.5 %

COUR opened at $8.20 on Friday. The company has a market cap of $1.30 billion, a P/E ratio of -16.08 and a beta of 1.44. The firm’s 50-day moving average price is $7.47 and its 200-day moving average price is $7.63. Coursera, Inc. has a 52-week low of $6.29 and a 52-week high of $21.26.

Analyst Ratings Changes

COUR has been the subject of several research reports. Royal Bank of Canada lowered their price objective on shares of Coursera from $18.00 to $10.00 and set an “outperform” rating for the company in a research report on Friday, October 25th. Morgan Stanley reduced their price objective on shares of Coursera from $15.00 to $10.00 and set an “overweight” rating for the company in a research note on Friday, October 25th. The Goldman Sachs Group lowered their target price on Coursera from $9.00 to $7.25 and set a “sell” rating for the company in a report on Friday, October 25th. KeyCorp cut their price target on Coursera from $12.00 to $11.00 and set an “overweight” rating on the stock in a report on Friday, October 25th. Finally, Bank of America assumed coverage on Coursera in a research note on Thursday, September 19th. They set a “buy” rating and a $11.00 price objective for the company. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and nine have given a buy rating to the company’s stock. According to data from MarketBeat, Coursera currently has an average rating of “Moderate Buy” and a consensus target price of $10.66.

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.