Victory Capital Management Inc. Boosts Holdings in Coursera, Inc. (NYSE:COUR)

Victory Capital Management Inc. boosted its stake in shares of Coursera, Inc. (NYSE:COUR) by 110.9% during the 3rd quarter, Holdings Channel.com reports. The firm owned 81,749 shares of the company’s stock after purchasing an additional 42,993 shares during the quarter. Victory Capital Management Inc.’s holdings in Coursera were worth $649,000 as of its most recent filing with the SEC.

A number of other institutional investors have also modified their holdings of the stock. Versor Investments LP purchased a new stake in shares of Coursera in the third quarter worth about $106,000. Los Angeles Capital Management LLC acquired a new position in Coursera in the third quarter valued at approximately $149,000. Harbor Capital Advisors Inc. boosted its position in Coursera by 11.2% in the 3rd quarter. Harbor Capital Advisors Inc. now owns 26,424 shares of the company’s stock worth $210,000 after purchasing an additional 2,658 shares in the last quarter. Janney Montgomery Scott LLC purchased a new stake in Coursera in the 3rd quarter worth approximately $835,000. Finally, Assenagon Asset Management S.A. grew its stake in shares of Coursera by 6.3% during the 3rd quarter. Assenagon Asset Management S.A. now owns 1,413,641 shares of the company’s stock worth $11,224,000 after purchasing an additional 83,369 shares during the period. Hedge funds and other institutional investors own 89.55% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms recently issued reports on COUR. JPMorgan Chase & Co. began coverage on shares of Coursera in a research note on Monday. They issued a “neutral” rating and a $8.00 target price for the company. KeyCorp decreased their price objective on shares of Coursera from $12.00 to $11.00 and set an “overweight” rating for the company in a research report on Friday, October 25th. BMO Capital Markets lowered their target price on shares of Coursera from $10.00 to $9.00 and set an “outperform” rating on the stock in a research note on Friday, October 25th. Bank of America began coverage on Coursera in a research note on Thursday, September 19th. They issued a “buy” rating and a $11.00 price target for the company. Finally, Cantor Fitzgerald lowered their price target on Coursera from $22.00 to $10.00 and set an “overweight” rating on the stock in a research report on Friday, October 25th. One equities research 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. Based on data from MarketBeat.com, Coursera has a consensus rating of “Moderate Buy” and a consensus target price of $10.66.

Coursera Stock Up 5.5 %

Shares of COUR opened at $8.20 on Friday. Coursera, Inc. has a 52-week low of $6.29 and a 52-week high of $21.26. The stock has a market cap of $1.30 billion, a PE ratio of -16.08 and a beta of 1.44. The firm’s fifty day moving average is $7.47 and its two-hundred day moving average is $7.63.

Insider Transactions at Coursera

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