Connor Clark & Lunn Investment Management Ltd. Invests $3.09 Million in Coursera, Inc. (NYSE:COUR)

Connor Clark & Lunn Investment Management Ltd. acquired a new stake in Coursera, Inc. (NYSE:COUR) in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 389,196 shares of the company’s stock, valued at approximately $3,090,000. Connor Clark & Lunn Investment Management Ltd. owned 0.25% of Coursera as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. CWM LLC lifted its stake 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 buying an additional 3,860 shares during the period. Natixis purchased a new position in shares of Coursera during the 1st quarter worth $35,000. nVerses Capital LLC lifted its stake in shares of Coursera by 26.1% during 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 during the period. LGT Group Foundation acquired a new stake in shares of Coursera during the second quarter worth $73,000. Finally, Quarry LP grew its position in shares of Coursera by 936.6% in the second quarter. Quarry LP now owns 10,356 shares of the company’s stock valued at $74,000 after purchasing an additional 9,357 shares during the period. Institutional investors and hedge funds own 89.55% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts recently weighed in on the company. Telsey Advisory Group reiterated an “outperform” rating and set a $18.00 target price on shares of Coursera in a research report on Monday, October 21st. Bank of America assumed coverage on shares of Coursera in a research report on Thursday, September 19th. They issued a “buy” rating and a $11.00 target price on the stock. Morgan Stanley dropped their price target on shares of Coursera from $15.00 to $10.00 and set an “overweight” rating for the company in a research report on Friday, October 25th. Royal Bank of Canada cut their price target on shares of Coursera from $18.00 to $10.00 and set an “outperform” rating on the stock in a research note on Friday, October 25th. Finally, BMO Capital Markets lowered their price objective on shares of Coursera from $10.00 to $9.00 and set an “outperform” rating for the company in a research note on Friday, October 25th. One research analyst has rated the stock with a sell rating, one has issued a hold rating and nine have assigned a buy rating to the company’s stock. Based on data from MarketBeat, Coursera currently has a consensus rating of “Moderate Buy” and an average price target of $10.93.

Coursera Price Performance

NYSE:COUR opened at $7.11 on Monday. Coursera, Inc. has a 12 month low of $6.29 and a 12 month high of $21.26. The business’s 50-day moving average is $7.47 and its two-hundred day moving average is $7.64. The firm has a market capitalization of $1.13 billion, a PE ratio of -13.94 and a beta of 1.44.

Insider Buying and Selling

In other Coursera news, SVP Alan B. Cardenas sold 6,102 shares of the company’s stock in a transaction dated Monday, November 18th. The shares were sold at an average price of $6.83, for a total value of $41,676.66. Following the completion of the transaction, the senior vice president now directly owns 194,082 shares of the company’s stock, valued at $1,325,580.06. This represents a 3.05 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Andrew Y. Ng sold 6,221 shares of Coursera stock in a transaction dated Wednesday, September 18th. The stock was sold at an average price of $8.03, for a total value of $49,954.63. Following the sale, the director now directly owns 7,297,671 shares in the company, valued at approximately $58,600,298.13. The trade was a 0.09 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 13,885 shares of company stock valued at $102,815. Corporate insiders own 16.30% of the company’s stock.

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.