State of Wyoming grew its stake in Coursera, Inc. (NYSE:COUR – Free Report) by 85.9% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 7,227 shares of the company’s stock after purchasing an additional 3,340 shares during the period. State of Wyoming’s holdings in Coursera were worth $48,000 as of its most recent filing with the Securities and Exchange Commission.
Other large investors have also added to or reduced their stakes in the company. Pale Fire Capital SE bought a new position in Coursera in the 1st quarter valued at approximately $67,000. Xponance Inc. acquired a new stake in shares of Coursera during the 1st quarter worth approximately $69,000. Pallas Capital Advisors LLC bought a new stake in Coursera during the 1st quarter valued at $71,000. Inspire Advisors LLC bought a new stake in Coursera during the 1st quarter valued at $75,000. Finally, Wealth Enhancement Advisory Services LLC purchased a new position in Coursera during the 4th quarter worth $86,000. Institutional investors own 89.55% of the company’s stock.
Coursera Price Performance
Coursera stock opened at $11.98 on Wednesday. Coursera, Inc. has a one year low of $5.76 and a one year high of $13.56. The stock has a market capitalization of $1.93 billion, a PE ratio of -36.30 and a beta of 1.40. The business’s fifty day moving average is $10.70 and its 200 day moving average is $8.88.
Insiders Place Their Bets
In other Coursera news, SVP Alan B. Cardenas sold 24,631 shares of the firm’s stock in a transaction dated Wednesday, September 3rd. The stock was sold at an average price of $11.14, for a total value of $274,389.34. Following the transaction, the senior vice president directly owned 258,526 shares of the company’s stock, valued at approximately $2,879,979.64. This trade represents a 8.70% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CAO Michele M. Meyers sold 12,500 shares of the firm’s stock in a transaction dated Friday, July 25th. The stock was sold at an average price of $11.60, for a total value of $145,000.00. Following the completion of the transaction, the chief accounting officer directly owned 253,351 shares in the company, valued at $2,938,871.60. This trade represents a 4.70% decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 139,631 shares of company stock valued at $1,637,489. Insiders own 16.80% of the company’s stock.
Analysts Set New Price Targets
A number of research firms have issued reports on COUR. KeyCorp reaffirmed an “overweight” rating and set a $12.00 price objective (up from $11.00) on shares of Coursera in a report on Friday, July 25th. Zacks Research cut Coursera from a “strong-buy” rating to a “hold” rating in a research report on Monday, August 18th. Wall Street Zen upgraded Coursera from a “hold” rating to a “buy” rating in a research report on Saturday, July 26th. JPMorgan Chase & Co. boosted their price objective on Coursera from $8.00 to $9.00 and gave the stock a “neutral” rating in a report on Wednesday, July 16th. Finally, Royal Bank Of Canada upped their target price on Coursera from $10.00 to $13.00 and gave the stock an “outperform” rating in a research note on Friday, July 25th. Seven equities research analysts have rated the stock with a Buy rating, six have given a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, Coursera presently has an average rating of “Hold” and an average target price of $11.40.
View Our Latest Stock Report on COUR
Coursera Company Profile
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.
See Also
- Five stocks we like better than Coursera
- Insider Selling Explained: Can it Inform Your Investing Choices?
- Is Qualcomm Tesla’s Next Rival in Autonomous Driving?
- What Are Dividend Champions? How to Invest in the Champions
- 3 Under-the-Radar Biotechs Under $5 That Could Soar 200%
- 3 Best Fintech Stocks for a Portfolio Boost
- The Quiet Before the Catalyst: Vertical Aerospace’s Next Move
Receive News & Ratings for Coursera Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Coursera and related companies with MarketBeat.com's FREE daily email newsletter.