SG Americas Securities LLC Purchases 105,277 Shares of Coursera, Inc. $COUR

SG Americas Securities LLC lifted its position in shares of Coursera, Inc. (NYSE:COUR) by 166.1% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 168,665 shares of the company’s stock after buying an additional 105,277 shares during the period. SG Americas Securities LLC owned about 0.10% of Coursera worth $982,000 as of its most recent SEC filing.

A number of other hedge funds also recently bought and sold shares of the company. Vanguard Group Inc. grew its position in Coursera by 15.8% during the fourth quarter. Vanguard Group Inc. now owns 16,116,748 shares of the company’s stock valued at $118,619,000 after acquiring an additional 2,195,148 shares during the last quarter. Baillie Gifford & Co. lifted its holdings in shares of Coursera by 97.0% in the 4th quarter. Baillie Gifford & Co. now owns 14,590,942 shares of the company’s stock worth $107,389,000 after acquiring an additional 7,184,167 shares during the last quarter. Caledonia Private Investments Pty Ltd lifted its holdings in shares of Coursera by 29.4% in the 4th quarter. Caledonia Private Investments Pty Ltd now owns 12,052,670 shares of the company’s stock worth $88,708,000 after acquiring an additional 2,739,039 shares during the last quarter. Mak Capital One LLC purchased a new stake in shares of Coursera in the 4th quarter valued at $27,610,000. Finally, Geode Capital Management LLC boosted its stake in shares of Coursera by 3.3% in the 4th quarter. Geode Capital Management LLC now owns 3,359,248 shares of the company’s stock valued at $24,729,000 after purchasing an additional 106,287 shares in the last quarter. Institutional investors own 89.55% of the company’s stock.

Coursera Stock Up 0.3%

Shares of COUR stock opened at $5.92 on Friday. The firm has a market capitalization of $1.00 billion, a price-to-earnings ratio of -15.57, a PEG ratio of 1.95 and a beta of 1.23. The stock has a fifty day moving average of $5.57 and a 200 day moving average of $6.11. Coursera, Inc. has a 52 week low of $5.00 and a 52 week high of $13.56.

Coursera (NYSE:COUR) last issued its quarterly earnings data on Thursday, April 23rd. The company reported $0.07 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.08 by ($0.01). Coursera had a negative net margin of 8.23% and a negative return on equity of 5.41%. The company had revenue of $195.70 million for the quarter, compared to analysts’ expectations of $195.17 million. During the same period in the previous year, the firm posted $0.12 earnings per share. The firm’s revenue for the quarter was up 9.1% compared to the same quarter last year. Equities research analysts anticipate that Coursera, Inc. will post 0.07 earnings per share for the current year.

Coursera declared that its board has approved a share buyback plan on Monday, May 18th that permits the company to repurchase $500.00 million in shares. This repurchase authorization permits the company to buy up to 55.9% of its stock through open market purchases. Stock repurchase plans are often an indication that the company’s leadership believes its stock is undervalued.

Insider Transactions at Coursera

In other Coursera news, major shareholder Insight Holdings Group, Llc sold 1,466,372 shares of the firm’s stock in a transaction dated Wednesday, May 20th. The shares were sold at an average price of $5.24, for a total value of $7,683,789.28. Following the completion of the sale, the insider directly owned 419,784 shares in the company, valued at $2,199,668.16. This trade represents a 77.74% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. Also, SVP Alan B. Cardenas sold 9,139 shares of Coursera stock in a transaction that occurred on Monday, May 18th. The shares were sold at an average price of $5.52, for a total value of $50,447.28. Following the sale, the senior vice president directly owned 255,934 shares in the company, valued at approximately $1,412,755.68. The trade was a 3.45% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold a total of 2,009,139 shares of company stock worth $10,643,180 in the last ninety days. Insiders own 16.30% of the company’s stock.

Wall Street Analysts Forecast Growth

COUR has been the topic of a number of analyst reports. KeyCorp reiterated an “overweight” rating on shares of Coursera in a research report on Wednesday, June 24th. JPMorgan Chase & Co. cut their price target on shares of Coursera from $10.00 to $8.00 and set an “overweight” rating for the company in a research report on Friday, April 24th. Royal Bank Of Canada reaffirmed an “outperform” rating and set a $7.00 price objective on shares of Coursera in a research note on Wednesday, June 24th. Needham & Company LLC reiterated a “buy” rating and issued a $10.00 price objective on shares of Coursera in a report on Wednesday, June 24th. Finally, Weiss Ratings cut Coursera from a “sell (d-)” rating to a “sell (e+)” rating in a report on Thursday, May 21st. Eight analysts have rated the stock with a Buy rating, five have issued a Hold rating and two have given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $9.12.

Coursera Company Profile

Coursera, Inc (NYSE:COUR) operates a leading online learning platform that delivers courses, specializations, professional certificates and fully accredited degree programs in collaboration with top universities and industry partners. Founded in 2012 by Stanford University professors Andrew Ng and Daphne Koller, Coursera’s mission is to provide universal access to world-class education and bridge skill gaps in a rapidly evolving job market.

The platform features more than 6,000 offerings created by over 275 academic institutions and corporate entities, spanning fields such as data science, business, technology, health care and the arts.