Nuveen Asset Management LLC Sells 770,877 Shares of Coursera, Inc. (NYSE:COUR)

Nuveen Asset Management LLC lowered its stake in shares of Coursera, Inc. (NYSE:COUR) by 30.2% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,780,508 shares of the company’s stock after selling 770,877 shares during the quarter. Nuveen Asset Management LLC owned 1.12% of Coursera worth $15,134,000 at the end of the most recent quarter.

Several other institutional investors have also bought and sold shares of the stock. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its holdings in Coursera by 1.8% during the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 101,948 shares of the company’s stock worth $867,000 after buying an additional 1,785 shares in the last quarter. Graham Capital Management L.P. grew its stake in Coursera by 68.6% in the 4th quarter. Graham Capital Management L.P. now owns 133,988 shares of the company’s stock valued at $1,139,000 after purchasing an additional 54,531 shares during the period. Ethic Inc. bought a new position in Coursera in the 4th quarter valued at $102,000. Divisadero Street Capital Management LP bought a new stake in shares of Coursera during the 4th quarter worth $277,000. Finally, Balyasny Asset Management L.P. bought a new stake in shares of Coursera during the 4th quarter worth $1,024,000. Institutional investors own 89.55% of the company’s stock.

Coursera Stock Down 1.0%

NYSE COUR opened at $8.47 on Monday. Coursera, Inc. has a 52 week low of $5.76 and a 52 week high of $11.74. The company has a market cap of $1.37 billion, a PE ratio of -16.28 and a beta of 1.38. The firm’s 50-day simple moving average is $7.67 and its two-hundred day simple moving average is $7.93.

Coursera (NYSE:COUR) last announced its quarterly earnings results on Thursday, April 24th. The company reported $0.12 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.08 by $0.04. Coursera had a negative net margin of 11.45% and a negative return on equity of 9.42%. The firm had revenue of $179.30 million for the quarter, compared to the consensus estimate of $175.60 million. During the same period in the prior year, the firm posted $0.07 earnings per share. The company’s revenue for the quarter was up 6.0% on a year-over-year basis. As a group, equities research analysts anticipate that Coursera, Inc. will post -0.28 EPS for the current year.

Analyst Upgrades and Downgrades

Several research firms recently weighed in on COUR. UBS Group increased their price target on shares of Coursera from $7.50 to $8.50 and gave the company a “neutral” rating in a research report on Friday, January 31st. Telsey Advisory Group restated an “outperform” rating and set a $12.00 price target on shares of Coursera in a research report on Tuesday, April 22nd. Bank of America restated an “underperform” rating and set a $7.00 price target on shares of Coursera in a research report on Thursday, March 27th. JPMorgan Chase & Co. reduced their price target on shares of Coursera from $8.00 to $7.00 and set a “neutral” rating for the company in a research report on Tuesday, April 8th. Finally, Needham & Company LLC restated a “buy” rating and set a $11.00 price target on shares of Coursera in a research report on Friday, April 25th. Two analysts have rated the stock with a sell rating, three have issued a hold rating and seven have given a buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $9.31.

Insider Transactions at Coursera

In related news, Director Sabrina Simmons sold 9,335 shares of the company’s stock in a transaction that occurred on Thursday, May 22nd. The shares were sold at an average price of $8.48, for a total value of $79,160.80. Following the transaction, the director now directly owns 50,215 shares in the company, valued at approximately $425,823.20. This represents a 15.68% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, SVP Alan B. Cardenas sold 6,101 shares of the company’s stock in a transaction that occurred on Tuesday, May 20th. The stock was sold at an average price of $8.65, for a total transaction of $52,773.65. Following the completion of the transaction, the senior vice president now owns 293,368 shares in the company, valued at approximately $2,537,633.20. This trade represents a 2.04% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 24,770 shares of company stock valued at $211,087. 16.80% of the stock is currently owned by corporate 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.