abrdn plc Sells 3,811 Shares of Coursera, Inc. (NYSE:COUR)

abrdn plc decreased its holdings in shares of Coursera, Inc. (NYSE:COUR) by 2.1% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The fund owned 181,316 shares of the company’s stock after selling 3,811 shares during the quarter. abrdn plc owned 0.12% of Coursera worth $3,512,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently modified their holdings of COUR. DekaBank Deutsche Girozentrale purchased a new position in shares of Coursera during the third quarter worth approximately $38,000. Daiwa Securities Group Inc. raised its position in Coursera by 13.2% during the 4th quarter. Daiwa Securities Group Inc. now owns 4,990 shares of the company’s stock valued at $97,000 after purchasing an additional 580 shares in the last quarter. Martin Currie Ltd. purchased a new stake in shares of Coursera in the 3rd quarter worth $212,000. Victory Capital Management Inc. grew its position in shares of Coursera by 9.4% during the 3rd quarter. Victory Capital Management Inc. now owns 12,008 shares of the company’s stock worth $224,000 after buying an additional 1,029 shares in the last quarter. Finally, River & Mercantile Asset Management LLP purchased a new position in shares of Coursera during the third quarter valued at $238,000. 89.55% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of analysts recently weighed in on the stock. Needham & Company LLC upped their price objective on shares of Coursera from $21.00 to $23.00 and gave the stock a “buy” rating in a research note on Friday, February 2nd. KeyCorp dropped their price objective on shares of Coursera from $24.00 to $20.00 and set an “overweight” rating on the stock in a research note on Wednesday, April 24th. Cantor Fitzgerald reissued an “overweight” rating and issued a $26.00 price objective on shares of Coursera in a research note on Wednesday, April 17th. Morgan Stanley dropped their target price on Coursera from $25.00 to $21.00 and set an “overweight” rating on the stock in a research report on Friday, April 19th. Finally, Royal Bank of Canada reissued an “outperform” rating and issued a $25.00 price target on shares of Coursera 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 issued a buy rating to the stock. Based on data from MarketBeat, Coursera currently has an average rating of “Moderate Buy” and an average target price of $21.70.

Insiders Place Their Bets

In other Coursera news, CAO Michele M. Meyers sold 2,880 shares of the firm’s stock in a transaction on Thursday, April 18th. The shares were sold at an average price of $12.00, for a total value of $34,560.00. Following the completion of the transaction, the chief accounting officer now owns 240,159 shares of the company’s stock, valued at $2,881,908. The transaction was disclosed in a filing with the SEC, which is available at this link. In other Coursera news, CAO Michele M. Meyers sold 2,880 shares of the firm’s stock in a transaction that occurred on Thursday, April 18th. The shares were sold at an average price of $12.00, for a total transaction of $34,560.00. Following the completion of the transaction, the chief accounting officer now directly owns 240,159 shares of the company’s stock, valued at approximately $2,881,908. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, CAO Michele M. Meyers sold 2,540 shares of the company’s stock in a transaction on Thursday, February 15th. The shares were sold at an average price of $16.86, for a total transaction of $42,824.40. Following the completion of the sale, the chief accounting officer now directly owns 206,059 shares in the company, valued at $3,474,154.74. The disclosure for this sale can be found here. In the last quarter, insiders have sold 603,932 shares of company stock valued at $9,051,814. Insiders own 16.30% of the company’s stock.

Coursera Price Performance

Shares of COUR stock opened at $11.97 on Monday. The stock’s fifty day moving average price is $14.16 and its 200 day moving average price is $17.30. Coursera, Inc. has a 1-year low of $10.27 and a 1-year high of $21.26. The company has a market cap of $1.88 billion, a price-to-earnings ratio of -15.55 and a beta of 1.48.

Coursera (NYSE:COUR) last issued its quarterly 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. Coursera had a negative return on equity of 18.15% and a negative net margin of 18.33%. The business had revenue of $168.88 million during the quarter, compared to the consensus estimate of $163.64 million. As a group, equities research analysts anticipate that Coursera, Inc. will post -0.47 earnings per share for the current year.

Coursera 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.