Geode Capital Management LLC increased its stake in shares of Coursera, Inc. (NYSE:COUR – Free Report) by 7.3% in the third quarter, according to its most recent Form 13F filing with the SEC. The fund owned 2,922,953 shares of the company’s stock after buying an additional 199,050 shares during the period. Geode Capital Management LLC’s holdings in Coursera were worth $23,214,000 as of its most recent SEC filing.
Other hedge funds have also added to or reduced their stakes in the company. Algert Global LLC raised its stake in shares of Coursera by 17.7% in the third quarter. Algert Global LLC now owns 475,496 shares of the company’s stock valued at $3,775,000 after buying an additional 71,382 shares during the period. Assenagon Asset Management S.A. increased its holdings in Coursera by 6.3% in the 3rd quarter. Assenagon Asset Management S.A. now owns 1,413,641 shares of the company’s stock worth $11,224,000 after acquiring an additional 83,369 shares during the last quarter. Connor Clark & Lunn Investment Management Ltd. bought a new stake in Coursera in the 3rd quarter valued at about $3,090,000. Barclays PLC lifted its holdings in Coursera by 24.4% during the third quarter. Barclays PLC now owns 962,122 shares of the company’s stock valued at $7,640,000 after purchasing an additional 188,911 shares during the last quarter. Finally, Millennium Management LLC lifted its holdings in Coursera by 67.0% during the second quarter. Millennium Management LLC now owns 2,800,912 shares of the company’s stock valued at $20,055,000 after purchasing an additional 1,123,397 shares during the last quarter. Institutional investors own 89.55% of the company’s stock.
Insiders Place Their Bets
In other news, SVP Alan B. Cardenas sold 6,102 shares of Coursera stock in a transaction dated 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. The trade was a 3.05 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 16.30% of the stock is owned by insiders.
Analyst Upgrades and Downgrades
Read Our Latest Report on COUR
Coursera Stock Performance
Coursera stock opened at $8.39 on Friday. Coursera, Inc. has a fifty-two week low of $6.29 and a fifty-two week high of $20.73. The stock has a market cap of $1.33 billion, a P/E ratio of -16.45 and a beta of 1.49. The firm’s fifty day moving average price is $7.76 and its 200-day moving average price is $7.70.
Coursera Company 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.
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