Renaissance Technologies LLC Sells 1,136,000 Shares of Coursera, Inc. (NYSE:COUR)

Renaissance Technologies LLC significantly reduced its stake in Coursera, Inc. (NYSE:COUR) by 98.4% in Q2, selling 1,136,000 shares and retaining only 18,400 shares. Other hedge funds have also adjusted their positions in Coursera. Insider trading included Director Andrew Y. Ng selling 25,000 shares and SVP Alan B. Cardenas selling 6,285 shares. Coursera's stock opened at $8.56, with a market cap of $1.19 billion and a PE ratio of -12.00. Analysts predict a negative EPS of -0.44 for the current year.

Renaissance Technologies LLC trimmed its stake in Coursera, Inc. (NYSE:COUR - Free Report) by 98.4% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 18,400 shares of the company's stock after selling 1,136,000 shares during the period. Renaissance Technologies LLC's holdings in Coursera were worth $132,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

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A number of other hedge funds have also added to or reduced their stakes in the stock. Natixis acquired a new position in Coursera during the 1st quarter valued at about $35,000. CWM LLC increased its holdings in shares of Coursera by 7,568.6% during the second quarter. CWM LLC now owns 3,911 shares of the company's stock valued at $28,000 after acquiring an additional 3,860 shares in the last quarter. Covestor Ltd raised its position in shares of Coursera by 72.9% in the 1st quarter. Covestor Ltd now owns 4,378 shares of the company's stock valued at $61,000 after purchasing an additional 1,846 shares during the last quarter. nVerses Capital LLC boosted its stake in Coursera by 26.1% in the 2nd quarter. nVerses Capital LLC now owns 8,700 shares of the company's stock worth $62,000 after purchasing an additional 1,800 shares in the last quarter. Finally, LGT Group Foundation purchased a new stake in Coursera during the 2nd quarter worth approximately $73,000. 89.55% of the stock is currently owned by institutional investors.

Insider Activity at Coursera

In other Coursera news, Director Andrew Y. Ng sold 25,000 shares of Coursera stock in a transaction that occurred on Wednesday, August 21st. The stock was sold at an average price of $8.40, for a total value of $210,000.00. Following the completion of the transaction, the director now directly owns 7,203,892 shares in the company, valued at $60,512,692.80. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. In related news, Director Andrew Y. Ng sold 25,000 shares of the stock in a transaction dated Wednesday, August 21st. The shares were sold at an average price of $8.40, for a total value of $210,000.00. Following the completion of the transaction, the director now owns 7,203,892 shares in the company, valued at $60,512,692.80. This represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, SVP Alan B. Cardenas sold 6,285 shares of the business's stock in a transaction that occurred on Monday, August 19th. The stock was sold at an average price of $8.27, for a total value of $51,976.95. Following the sale, the senior vice president now directly owns 207,434 shares in the company, valued at approximately $1,715,479.18. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 39,068 shares of company stock valued at $324,787. Corporate insiders own 16.30% of the company's stock.

Coursera Price Performance

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Shares of NYSE:COUR opened at $7.56 on Monday. The business has a 50-day moving average of $7.90 and a two-hundred day moving average of $8.66. The firm has a market capitalization of $1.19 billion, a PE ratio of -12.00 and a beta of 1.42. Coursera, Inc. has a 12 month low of $6.35 and a 12 month high of $21.26.

Coursera (NYSE:COUR - Get Free Report) last issued its quarterly earnings data on Thursday, July 25th. The company reported $0.09 EPS for the quarter, topping analysts' consensus estimates of $0.01 by $0.08. Coursera had a negative return on equity of 13.92% and a negative net margin of 14.35%. The company had revenue of $170.30 million for the quarter, compared to analysts' expectations of $164.67 million. During the same quarter in the previous year, the firm posted ($0.20) earnings per share. The firm's quarterly revenue was up 10.8% on a year-over-year basis. As a group, research analysts anticipate that Coursera, Inc. will post -0.44 earnings per share for the current year.

Analyst Upgrades and Downgrades

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Several analysts have commented on COUR shares. Telsey Advisory Group restated an "outperform" rating and set a $18.00 price objective on shares of Coursera in a research note on Monday, July 22nd. BMO Capital Markets upped their price target on shares of Coursera from $10.00 to $11.00 and gave the company an "outperform" rating in a report on Friday, July 26th. The Goldman Sachs Group reduced their price objective on Coursera from $10.50 to $9.00 and set a "sell" rating for the company in a research note on Friday, July 26th. Royal Bank of Canada restated an "outperform" rating and issued a $18.00 target price on shares of Coursera in a research note on Friday, July 26th. Finally, Needham & Company LLC reiterated a "buy" rating and set a $15.00 price target on shares of Coursera in a research report on Friday, July 26th. One analyst has rated the stock with a sell rating, two have given a hold rating, eight have issued a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat, Coursera has an average rating of "Moderate Buy" and an average target price of $14.73.

View Our Latest Report on Coursera

About Coursera

(Free Report)

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.

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