Gilder Gagnon Howe & Co. LLC Buys 1,098,701 Shares of Coursera, Inc. (NYSE:COUR)

Gilder Gagnon Howe & Co. LLC lifted its stake in shares of Coursera, Inc. (NYSE:COURFree Report) by 164.6% in the fourth quarter, HoldingsChannel.com reports. The fund owned 1,766,369 shares of the company’s stock after acquiring an additional 1,098,701 shares during the quarter. Gilder Gagnon Howe & Co. LLC’s holdings in Coursera were worth $34,215,000 at the end of the most recent reporting period.

Other hedge funds also recently made changes to their positions in the company. Daiwa Securities Group Inc. lifted its stake in Coursera by 13.2% in the fourth quarter. Daiwa Securities Group Inc. now owns 4,990 shares of the company’s stock worth $97,000 after purchasing an additional 580 shares during the last quarter. Victory Capital Management Inc. lifted its stake in Coursera by 9.4% in the third quarter. Victory Capital Management Inc. now owns 12,008 shares of the company’s stock worth $224,000 after purchasing an additional 1,029 shares during the last quarter. QRG Capital Management Inc. lifted its stake in Coursera by 6.0% in the fourth quarter. QRG Capital Management Inc. now owns 20,842 shares of the company’s stock worth $404,000 after purchasing an additional 1,181 shares during the last quarter. Aviva PLC lifted its stake in Coursera by 7.5% in the third quarter. Aviva PLC now owns 23,077 shares of the company’s stock worth $431,000 after purchasing an additional 1,607 shares during the last quarter. Finally, Harbor Capital Advisors Inc. lifted its stake in Coursera by 10.1% in the fourth quarter. Harbor Capital Advisors Inc. now owns 21,129 shares of the company’s stock worth $409,000 after purchasing an additional 1,942 shares during the last quarter. 89.55% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

COUR has been the subject of several recent research reports. BMO Capital Markets lowered their price target on shares of Coursera from $20.00 to $13.00 and set an “outperform” rating for the company in a research note on Wednesday, May 1st. Needham & Company LLC reissued a “buy” rating and issued a $15.00 price target on shares of Coursera in a research note on Friday, May 17th. Cantor Fitzgerald lowered their price target on shares of Coursera from $26.00 to $21.00 and set an “overweight” rating for the company in a research note on Tuesday, April 30th. The Goldman Sachs Group lowered their price objective on shares of Coursera from $15.00 to $10.50 and set a “sell” rating for the company in a research note on Wednesday, May 1st. Finally, Morgan Stanley lowered their price objective on shares of Coursera from $21.00 to $15.00 and set an “overweight” rating for the company in a research note on Tuesday, April 30th. 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 stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $16.85.

Check Out Our Latest Research Report on COUR

Coursera Stock Performance

Shares of NYSE COUR traded down $0.26 during midday trading on Thursday, hitting $6.70. 1,418,138 shares of the company traded hands, compared to its average volume of 2,031,807. Coursera, Inc. has a 12-month low of $6.68 and a 12-month high of $21.26. The stock has a 50-day moving average price of $9.84 and a 200 day moving average price of $14.99. The firm has a market cap of $1.05 billion, a P/E ratio of -9.88 and a beta of 1.45.

Coursera (NYSE:COURGet Free Report) last announced its quarterly earnings results on Monday, April 29th. The company reported $0.07 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.01 by $0.06. Coursera had a negative net margin of 16.05% and a negative return on equity of 16.03%. The company had revenue of $169.10 million for the quarter, compared to analysts’ expectations of $170.43 million. During the same quarter in the previous year, the company earned ($0.24) earnings per share. Coursera’s quarterly revenue was up 14.6% on a year-over-year basis. As a group, equities analysts expect that Coursera, Inc. will post -0.45 earnings per share for the current year.

Insider Activity at Coursera

In related news, Director Andrew Y. Ng sold 50,000 shares of the business’s stock in a transaction dated Tuesday, March 19th. The shares were sold at an average price of $14.18, for a total transaction of $709,000.00. Following the transaction, the director now owns 7,083,074 shares in the company, valued at $100,437,989.32. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. In other Coursera news, Director Andrew Y. Ng sold 50,000 shares of the company’s stock in a transaction dated Tuesday, March 19th. The shares were sold at an average price of $14.18, for a total value of $709,000.00. Following the sale, the director now owns 7,083,074 shares in the company, valued at $100,437,989.32. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, SVP Alan B. Cardenas sold 6,283 shares of the company’s stock in a transaction dated Friday, May 17th. The stock was sold at an average price of $8.56, for a total transaction of $53,782.48. Following the completion of the sale, the senior vice president now owns 220,589 shares in the company, valued at approximately $1,888,241.84. The disclosure for this sale can be found here. Insiders have sold 351,952 shares of company stock worth $4,286,955 over the last 90 days. 15.90% of the stock is owned by company insiders.

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.

Further Reading

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Institutional Ownership by Quarter for Coursera (NYSE:COUR)

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