Vanguard Group Inc. boosted its stake in Coursera, Inc. (NYSE:COUR – Free Report) by 15.8% during the fourth quarter, Holdings Channel reports. The institutional investor owned 16,116,748 shares of the company’s stock after buying an additional 2,195,148 shares during the period. Vanguard Group Inc. owned about 0.10% of Coursera worth $118,619,000 as of its most recent filing with the SEC.
Several other large investors have also recently bought and sold shares of the stock. The Manufacturers Life Insurance Company grew its position in shares of Coursera by 1.5% in the second quarter. The Manufacturers Life Insurance Company now owns 70,852 shares of the company’s stock valued at $621,000 after purchasing an additional 1,027 shares during the last quarter. Merit Financial Group LLC raised its holdings in Coursera by 9.2% in the 3rd quarter. Merit Financial Group LLC now owns 13,184 shares of the company’s stock valued at $154,000 after acquiring an additional 1,112 shares in the last quarter. Diversified Trust Co. lifted its position in shares of Coursera by 19.0% during the 4th quarter. Diversified Trust Co. now owns 17,691 shares of the company’s stock valued at $130,000 after acquiring an additional 2,824 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its holdings in shares of Coursera by 2.8% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 104,795 shares of the company’s stock worth $698,000 after purchasing an additional 2,847 shares in the last quarter. Finally, Bank of Nova Scotia increased its position in shares of Coursera by 29.4% in the third quarter. Bank of Nova Scotia now owns 13,953 shares of the company’s stock worth $163,000 after purchasing an additional 3,169 shares during the period. 89.55% of the stock is owned by institutional investors.
Insider Buying and Selling at Coursera
In related news, SVP Alan B. Cardenas sold 9,710 shares of the stock in a transaction dated Tuesday, February 17th. The shares were sold at an average price of $5.92, for a total transaction of $57,483.20. Following the completion of the transaction, the senior vice president owned 217,876 shares in the company, valued at approximately $1,289,825.92. This represents a 4.27% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Company insiders own 16.80% of the company’s stock.
Wall Street Analyst Weigh In
Read Our Latest Stock Analysis on Coursera
Coursera Trading Up 1.7%
Shares of Coursera stock opened at $5.76 on Wednesday. The business’s fifty day simple moving average is $5.98 and its 200 day simple moving average is $6.87. Coursera, Inc. has a 12 month low of $5.00 and a 12 month high of $13.56. The firm has a market capitalization of $974.32 million, a P/E ratio of -15.14 and a beta of 1.30.
Coursera (NYSE:COUR – Get Free Report) last announced its quarterly earnings data on Thursday, April 23rd. The company reported $0.07 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.08 by ($0.01). Coursera had a negative net margin of 8.23% and a negative return on equity of 5.41%. The business had revenue of $195.70 million during the quarter, compared to the consensus estimate of $195.17 million. During the same quarter last year, the company earned $0.12 EPS. The firm’s revenue for the quarter was up 9.1% compared to the same quarter last year. Analysts predict that Coursera, Inc. will post -0.09 EPS for the current fiscal year.
Coursera Profile
Coursera, Inc (NYSE:COUR) operates a leading online learning platform that delivers courses, specializations, professional certificates and fully accredited degree programs in collaboration with top universities and industry partners. Founded in 2012 by Stanford University professors Andrew Ng and Daphne Koller, Coursera’s mission is to provide universal access to world-class education and bridge skill gaps in a rapidly evolving job market.
The platform features more than 6,000 offerings created by over 275 academic institutions and corporate entities, spanning fields such as data science, business, technology, health care and the arts.
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