34,595 Shares in Coursera, Inc. (NYSE:COUR) Bought by Olympiad Research LP

Olympiad Research LP bought a new position in Coursera, Inc. (NYSE:COUR) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 34,595 shares of the company’s stock, valued at approximately $294,000.

Other hedge funds also recently made changes to their positions in the company. Algert Global LLC increased its stake in shares of Coursera by 17.7% in the third quarter. Algert Global LLC now owns 475,496 shares of the company’s stock worth $3,775,000 after buying an additional 71,382 shares during the period. Assenagon Asset Management S.A. boosted its holdings in Coursera by 6.3% in the third quarter. Assenagon Asset Management S.A. now owns 1,413,641 shares of the company’s stock valued at $11,224,000 after acquiring an additional 83,369 shares in the last quarter. Geode Capital Management LLC boosted its holdings in Coursera by 7.3% in the third quarter. Geode Capital Management LLC now owns 2,922,953 shares of the company’s stock valued at $23,214,000 after acquiring an additional 199,050 shares in the last quarter. Connor Clark & Lunn Investment Management Ltd. bought a new stake in Coursera in the third quarter valued at $3,090,000. Finally, Franklin Resources Inc. bought a new stake in Coursera in the third quarter valued at $1,651,000. 89.55% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several analysts recently weighed in on COUR shares. Needham & Company LLC reiterated a “buy” rating and issued a $11.00 price target on shares of Coursera in a report on Monday, January 27th. Cantor Fitzgerald reiterated an “overweight” rating and issued a $10.00 price target on shares of Coursera in a report on Thursday, December 5th. UBS Group lifted their price target on shares of Coursera from $7.50 to $8.50 and gave the company a “neutral” rating in a report on Friday, January 31st. Scotiabank started coverage on shares of Coursera in a report on Thursday, December 5th. They issued a “sector perform” rating and a $9.00 price target on the stock. Finally, Telsey Advisory Group reiterated an “outperform” rating and issued a $15.00 price target on shares of Coursera in a report on Tuesday, January 28th. One research analyst has rated the stock with a sell rating, four have given a hold rating and eight have given a buy rating to the stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $10.13.

Insider Buying and Selling

In related news, SVP Alan B. Cardenas sold 5,613 shares of the company’s stock in a transaction dated Wednesday, February 19th. The shares were sold at an average price of $8.26, for a total value of $46,363.38. Following the transaction, the senior vice president now owns 180,413 shares in the company, valued at $1,490,211.38. The trade was a 3.02 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 16.30% of the stock is currently owned by company insiders.

Coursera Price Performance

Shares of Coursera stock opened at $8.04 on Friday. The stock has a market cap of $1.27 billion, a price-to-earnings ratio of -15.45 and a beta of 1.42. The firm’s 50-day moving average is $8.43 and its 200 day moving average is $7.99. Coursera, Inc. has a 1 year low of $6.29 and a 1 year high of $16.74.

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.