Harvest Fund Management Co. Ltd Takes $204,000 Position in Coursera, Inc. (NYSE:COUR)

Harvest Fund Management Co. Ltd bought a new position in shares of Coursera, Inc. (NYSE:COUR) in the fourth quarter, Holdings Channel.com reports. The institutional investor bought 10,529 shares of the company’s stock, valued at approximately $204,000.

A number of other large investors have also recently bought and sold shares of the company. DekaBank Deutsche Girozentrale purchased a new position in Coursera during the third quarter worth approximately $38,000. Daiwa Securities Group Inc. lifted its position in shares of 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 buying an additional 580 shares in the last quarter. Counterpoint Mutual Funds LLC acquired a new stake in Coursera in the 3rd quarter valued at $115,000. Martin Currie Ltd. purchased a new stake in Coursera in the 3rd quarter worth $212,000. Finally, Victory Capital Management Inc. increased its holdings in Coursera by 9.4% in the 3rd quarter. Victory Capital Management Inc. now owns 12,008 shares of the company’s stock worth $224,000 after acquiring an additional 1,029 shares in the last quarter. Hedge funds and other institutional investors own 89.55% of the company’s stock.

Insiders Place Their Bets

In other Coursera news, CEO Jeffrey Nacey Maggioncalda sold 50,000 shares of the business’s stock in a transaction dated Thursday, April 18th. The shares were sold at an average price of $11.91, for a total value of $595,500.00. Following the transaction, the chief executive officer now directly owns 2,177,496 shares in the company, valued at approximately $25,933,977.36. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. In other news, CFO Kenneth R. Hahn sold 25,000 shares of the firm’s stock in a transaction on Wednesday, February 14th. The stock was sold at an average price of $17.01, for a total transaction of $425,250.00. Following the completion of the transaction, the chief financial officer now directly owns 532,715 shares in the company, valued at $9,061,482.15. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, CEO Jeffrey Nacey Maggioncalda sold 50,000 shares of Coursera stock in a transaction on Thursday, April 18th. The shares were sold at an average price of $11.91, for a total value of $595,500.00. Following the completion of the sale, the chief executive officer now directly owns 2,177,496 shares of the company’s stock, valued at $25,933,977.36. The disclosure for this sale can be found here. Insiders have sold 653,932 shares of company stock valued at $10,054,814 over the last ninety days. Company insiders own 16.30% of the company’s stock.

Wall Street Analyst Weigh In

COUR has been the topic of several research analyst reports. The Goldman Sachs Group lowered shares of Coursera from a “neutral” rating to a “sell” rating and dropped their target price for the company from $18.00 to $14.00 in a research report on Friday, January 19th. Royal Bank of Canada reiterated an “outperform” rating and set a $25.00 price objective on shares of Coursera in a research note on Friday, February 2nd. KeyCorp reduced their target price on Coursera from $24.00 to $20.00 and set an “overweight” rating for the company in a report on Wednesday. Telsey Advisory Group reaffirmed an “outperform” rating and issued a $25.00 price target on shares of Coursera in a research note on Thursday. Finally, Needham & Company LLC increased their price objective on Coursera from $21.00 to $23.00 and gave the company a “buy” rating in a research note on Friday, February 2nd. One research analyst has rated the stock with a sell rating, two have given a hold rating and eight have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $21.70.

Coursera Stock Performance

NYSE:COUR opened at $11.76 on Thursday. The stock has a 50 day moving average price of $14.36 and a 200 day moving average price of $17.41. The stock has a market cap of $1.85 billion, a PE ratio of -15.47 and a beta of 1.48. Coursera, Inc. has a one year low of $10.02 and a one year high of $21.26.

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

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.