Duality Advisers LP Increases Stake in Coursera, Inc. (NYSE:COUR)

Duality Advisers LP boosted its stake in Coursera, Inc. (NYSE:COUR) by 47.0% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 67,318 shares of the company’s stock after buying an additional 21,539 shares during the period. Duality Advisers LP’s holdings in Coursera were worth $1,304,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Daiwa Securities Group Inc. grew its position in Coursera by 13.2% in the 4th quarter. Daiwa Securities Group Inc. now owns 4,990 shares of the company’s stock valued at $97,000 after acquiring an additional 580 shares in the last quarter. Bailard Inc. grew its position in Coursera by 1.0% in the 3rd quarter. Bailard Inc. now owns 91,440 shares of the company’s stock valued at $1,709,000 after acquiring an additional 866 shares in the last quarter. Victory Capital Management Inc. grew its position in Coursera by 9.4% in the 3rd 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 in the last quarter. Aviva PLC grew its position in Coursera by 7.5% in the 3rd quarter. Aviva PLC now owns 23,077 shares of the company’s stock valued at $431,000 after acquiring an additional 1,607 shares in the last quarter. Finally, Harbor Capital Advisors Inc. grew its position in Coursera by 10.1% in the 4th quarter. Harbor Capital Advisors Inc. now owns 21,129 shares of the company’s stock valued at $409,000 after acquiring an additional 1,942 shares in the last quarter. 89.55% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at Coursera

In other Coursera news, Director Amanda Clark sold 1,562 shares of the business’s stock in a transaction that occurred on Thursday, February 15th. The stock was sold at an average price of $16.85, for a total value of $26,319.70. Following the completion of the sale, the director now owns 67,252 shares in the company, valued at $1,133,196.20. The sale was disclosed in a document filed with the SEC, which is available through this link. In other Coursera news, Director Amanda Clark sold 1,562 shares of the business’s stock in a transaction that occurred on Thursday, February 15th. The stock was sold at an average price of $16.85, for a total value of $26,319.70. Following the completion of the sale, the director now owns 67,252 shares in the company, valued at $1,133,196.20. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, SVP Alan B. Cardenas sold 5,864 shares of the business’s stock in a transaction that occurred on Tuesday, February 20th. The shares were sold at an average price of $16.54, for a total value of $96,990.56. Following the completion of the sale, the senior vice president now owns 167,798 shares of the company’s stock, valued at approximately $2,775,378.92. The disclosure for this sale can be found here. Over the last quarter, insiders sold 653,932 shares of company stock worth $10,054,814. 15.90% of the stock is owned by insiders.

Coursera Stock Performance

COUR stock opened at $12.12 on Wednesday. The business has a 50 day moving average price of $14.47 and a 200 day moving average price of $17.45. Coursera, Inc. has a fifty-two week low of $9.91 and a fifty-two week high of $21.26.

Coursera (NYSE:COUR) last posted its earnings results on Thursday, February 1st. The company reported ($0.12) earnings per share for the quarter, topping the consensus estimate of ($0.17) by $0.05. The firm had revenue of $168.88 million during the quarter, compared to analysts’ expectations of $163.64 million. Coursera had a negative return on equity of 18.15% and a negative net margin of 18.33%. Analysts forecast that Coursera, Inc. will post -0.47 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several equities analysts have weighed in on COUR shares. Morgan Stanley dropped their target price on Coursera from $25.00 to $21.00 and set an “overweight” rating for the company in a research report on Friday, April 19th. Royal Bank of Canada reissued an “outperform” rating and set a $25.00 price objective on shares of Coursera in a research report on Friday, February 2nd. KeyCorp boosted their price objective on Coursera from $22.00 to $24.00 and gave the stock an “overweight” rating in a research report on Friday, February 2nd. William Blair reissued an “outperform” rating on shares of Coursera in a research report on Friday, February 2nd. Finally, Needham & Company LLC boosted their price objective on Coursera from $21.00 to $23.00 and gave the stock a “buy” rating in a research report on Friday, February 2nd. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and eight have assigned a buy rating to the stock. Based on data from MarketBeat, Coursera currently has a consensus rating of “Moderate Buy” and a consensus target price of $22.10.

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.