Firsthand Capital Management Inc. Decreases Stock Position in Coursera, Inc. (NYSE:COUR)

Firsthand Capital Management Inc. lessened its stake in Coursera, Inc. (NYSE:COUR) by 28.6% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 10,000 shares of the company’s stock after selling 4,000 shares during the period. Firsthand Capital Management Inc.’s holdings in Coursera were worth $79,000 as of its most recent SEC filing.

Other institutional investors also recently bought and sold shares of the company. CWM LLC boosted 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 purchasing an additional 3,860 shares during the period. FMR LLC boosted its position in Coursera by 67.6% during the 3rd quarter. FMR LLC now owns 6,574 shares of the company’s stock valued at $52,000 after buying an additional 2,651 shares during the period. nVerses Capital LLC boosted its position in Coursera by 26.1% during the 2nd quarter. nVerses Capital LLC now owns 8,700 shares of the company’s stock valued at $62,000 after buying an additional 1,800 shares during the period. LGT Group Foundation bought a new stake in Coursera in the 2nd quarter worth $73,000. Finally, Quarry LP increased 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 acquiring an additional 9,357 shares during the period. 89.55% of the stock is currently owned by hedge funds and other institutional investors.

Coursera Stock Performance

Shares of NYSE COUR opened at $7.95 on Friday. The company has a 50 day simple moving average of $7.47 and a two-hundred day simple moving average of $7.62. Coursera, Inc. has a fifty-two week low of $6.29 and a fifty-two week high of $21.26. The company has a market capitalization of $1.26 billion, a price-to-earnings ratio of -15.59 and a beta of 1.44.

Insider Activity at Coursera

In other news, Director Andrew Y. Ng sold 6,221 shares of the company’s stock in a transaction that occurred on Wednesday, September 18th. The shares were sold at an average price of $8.03, for a total value of $49,954.63. Following the transaction, the director now owns 7,297,671 shares in the company, valued at approximately $58,600,298.13. This represents a 0.09 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, SVP Alan B. Cardenas sold 6,102 shares of the stock in a transaction that occurred on Monday, November 18th. The shares were sold at an average price of $6.83, for a total transaction of $41,676.66. Following the sale, the senior vice president now owns 194,082 shares in the company, valued at approximately $1,325,580.06. The trade was a 3.05 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 13,885 shares of company stock valued at $102,815 in the last 90 days. Corporate insiders own 16.30% of the company’s stock.

Analysts Set New Price Targets

A number of research firms have recently weighed in on COUR. JPMorgan Chase & Co. started coverage on shares of Coursera in a report on Monday, November 25th. They set a “neutral” rating and a $8.00 target price for the company. BMO Capital Markets cut their price objective on Coursera from $10.00 to $9.00 and set an “outperform” rating on the stock in a research report on Friday, October 25th. Telsey Advisory Group reissued an “outperform” rating and set a $18.00 target price on shares of Coursera in a research note on Monday, October 21st. The Goldman Sachs Group dropped their price target on Coursera from $9.00 to $7.25 and set a “sell” rating for the company in a research note on Friday, October 25th. Finally, Needham & Company LLC reduced their price objective on shares of Coursera from $15.00 to $11.00 and set a “buy” rating on the stock in a research report on Friday, October 25th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and nine have assigned a buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $10.66.

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.