ExodusPoint Capital Management LP grew its stake in Coursera, Inc. (NYSE:COUR – Free Report) by 321.4% during the first quarter, according to its most recent 13F filing with the SEC. The firm owned 59,587 shares of the company’s stock after acquiring an additional 45,447 shares during the period. ExodusPoint Capital Management LP’s holdings in Coursera were worth $686,000 as of its most recent filing with the SEC.
A number of other institutional investors and hedge funds have also made changes to their positions in the stock. Baillie Gifford & Co. raised its stake in shares of Coursera by 3.5% in the 1st quarter. Baillie Gifford & Co. now owns 18,742,509 shares of the company’s stock valued at $215,914,000 after acquiring an additional 635,813 shares during the period. Norges Bank acquired a new position in shares of Coursera in the fourth quarter valued at approximately $137,598,000. Vanguard Group Inc. grew its holdings in shares of Coursera by 2.7% in the third quarter. Vanguard Group Inc. now owns 9,235,391 shares of the company’s stock valued at $99,557,000 after purchasing an additional 241,179 shares in the last quarter. State Street Corp grew its holdings in shares of Coursera by 5.3% in the third quarter. State Street Corp now owns 1,927,535 shares of the company’s stock valued at $20,779,000 after purchasing an additional 96,474 shares in the last quarter. Finally, Geode Capital Management LLC grew its holdings in shares of Coursera by 4.5% in the fourth quarter. Geode Capital Management LLC now owns 1,759,611 shares of the company’s stock valued at $20,816,000 after purchasing an additional 76,014 shares in the last quarter. 64.36% of the stock is owned by hedge funds and other institutional investors.
Insider Transactions at Coursera
In other news, CEO Jeffrey Nacey Maggioncalda sold 50,000 shares of the company’s stock in a transaction on Thursday, August 31st. The shares were sold at an average price of $17.41, for a total transaction of $870,500.00. Following the transaction, the chief executive officer now directly owns 2,646,854 shares of the company’s stock, valued at approximately $46,081,728.14. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. In related news, CEO Jeffrey Nacey Maggioncalda sold 50,000 shares of the stock in a transaction dated Thursday, August 31st. The shares were sold at an average price of $17.41, for a total value of $870,500.00. Following the sale, the chief executive officer now directly owns 2,646,854 shares of the company’s stock, valued at approximately $46,081,728.14. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, CRO Leah F. Belsky sold 38,107 shares of the stock in a transaction dated Thursday, August 17th. The shares were sold at an average price of $15.54, for a total transaction of $592,182.78. Following the completion of the sale, the executive now directly owns 998,043 shares in the company, valued at $15,509,588.22. The disclosure for this sale can be found here. Insiders have sold a total of 793,966 shares of company stock valued at $11,658,661 in the last ninety days. 16.30% of the stock is currently owned by company insiders.
Wall Street Analyst Weigh In
Check Out Our Latest Analysis on Coursera
Coursera Stock Performance
Shares of Coursera stock opened at $18.24 on Thursday. The company has a market cap of $2.73 billion, a P/E ratio of -17.71 and a beta of 1.76. Coursera, Inc. has a one year low of $9.81 and a one year high of $18.27. The firm has a fifty day moving average of $15.01 and a two-hundred day moving average of $12.94.
Coursera (NYSE:COUR – Get Free Report) last posted its quarterly earnings results on Thursday, July 27th. The company reported ($0.20) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.26) by $0.06. Coursera had a negative net margin of 26.19% and a negative return on equity of 21.21%. The business had revenue of $153.70 million for the quarter, compared to analysts’ expectations of $145.71 million. As a group, equities analysts predict that Coursera, Inc. will post -0.76 earnings per share for the current year.
Coursera Profile
Coursera, Inc operates an online educational content platform that connects learners, educators, organizations, and institutions. It offers online courses that include data science, business, computer science, physical science and engineering, language learning, information technology, health, social sciences, math and logic, project management, and arts and humanities; campus student plans; degree courses; and certification education.
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