Picton Mahoney Asset Management Acquires 25,137 Shares of Coursera, Inc. (NYSE:COUR)

Picton Mahoney Asset Management lifted its holdings in Coursera, Inc. (NYSE:COUR) by 53.0% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 72,582 shares of the company’s stock after buying an additional 25,137 shares during the period. Picton Mahoney Asset Management’s holdings in Coursera were worth $617,000 at the end of the most recent reporting period.

A number of other large investors have also recently made changes to their positions in the business. Pitcairn Co. increased its holdings in shares of Coursera by 16.9% in the 3rd quarter. Pitcairn Co. now owns 13,655 shares of the company’s stock worth $108,000 after buying an additional 1,971 shares during the last quarter. Waterfront Wealth Inc. boosted its stake in shares of Coursera by 1.7% during the 4th quarter. Waterfront Wealth Inc. now owns 156,411 shares of the company’s stock worth $1,329,000 after purchasing an additional 2,543 shares during the period. New York State Common Retirement Fund boosted its stake in shares of Coursera by 6.4% during the 4th quarter. New York State Common Retirement Fund now owns 42,368 shares of the company’s stock worth $360,000 after purchasing an additional 2,552 shares during the period. FMR LLC boosted its stake in shares of Coursera by 67.6% during the 3rd quarter. FMR LLC now owns 6,574 shares of the company’s stock worth $52,000 after purchasing an additional 2,651 shares during the period. Finally, Swiss National Bank boosted its stake in shares of Coursera by 1.2% during the 4th quarter. Swiss National Bank now owns 262,300 shares of the company’s stock worth $2,230,000 after purchasing an additional 3,100 shares during the period. 89.55% of the stock is currently owned by institutional investors.

Insider Activity

In other news, SVP Alan B. Cardenas sold 5,613 shares of the business’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 completion of the sale, the senior vice president now owns 180,413 shares in the company, valued at approximately $1,490,211.38. The trade was a 3.02 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Company insiders own 16.30% of the company’s stock.

Coursera Stock Performance

NYSE:COUR opened at $6.98 on Friday. Coursera, Inc. has a one year low of $6.29 and a one year high of $14.64. The firm has a market cap of $1.12 billion, a P/E ratio of -13.43 and a beta of 1.40. The firm has a 50-day simple moving average of $8.14 and a 200-day simple moving average of $7.92.

Wall Street Analysts Forecast Growth

A number of equities analysts recently commented on the stock. JPMorgan Chase & Co. assumed coverage on shares of Coursera in a research note on Monday, November 25th. They set a “neutral” rating and a $8.00 price target for the company. Telsey Advisory Group reaffirmed an “outperform” rating and set a $15.00 price target on shares of Coursera in a research note on Tuesday, January 28th. Needham & Company LLC reaffirmed a “buy” rating and set a $11.00 price target on shares of Coursera in a research note on Monday, January 27th. Scotiabank assumed coverage on shares of Coursera in a research note on Thursday, December 5th. They set a “sector perform” rating and a $9.00 price target for the company. Finally, Cantor Fitzgerald reaffirmed an “overweight” rating and set a $10.00 price target on shares of Coursera in a research note on Thursday, December 5th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and eight have given a buy rating to the stock. According to data from MarketBeat, Coursera currently has a consensus rating of “Moderate Buy” and a consensus price target of $10.13.

Coursera Company 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.