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

Picton Mahoney Asset Management lifted its holdings in Coursera, Inc. (NYSE:COURFree Report) 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.

View Our Latest Analysis on COUR

Coursera Company Profile

(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.

See Also

Institutional Ownership by Quarter for Coursera (NYSE:COUR)

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