AXQ Capital LP Buys New Shares in Coursera, Inc. (NYSE:COUR)

AXQ Capital LP purchased a new position in shares of Coursera, Inc. (NYSE:COUR) during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 18,109 shares of the company’s stock, valued at approximately $154,000.

Other hedge funds also recently bought and sold shares of the company. SBI Securities Co. Ltd. purchased a new stake in shares of Coursera during the 4th quarter worth $35,000. FMR LLC raised its stake in Coursera by 67.6% in the third quarter. FMR LLC now owns 6,574 shares of the company’s stock valued at $52,000 after buying an additional 2,651 shares in the last quarter. KBC Group NV lifted its holdings in Coursera by 90.7% during the 4th quarter. KBC Group NV now owns 9,203 shares of the company’s stock worth $78,000 after buying an additional 4,376 shares during the last quarter. New York State Teachers Retirement System acquired a new position in shares of Coursera during the 4th quarter worth about $107,000. Finally, Cibc World Markets Corp acquired a new position in shares of Coursera during the 4th quarter worth about $109,000. Institutional investors and hedge funds own 89.55% of the company’s stock.

Insider Activity

In related news, SVP Alan B. Cardenas sold 5,613 shares of Coursera stock in a transaction on Wednesday, February 19th. The shares were sold at an average price of $8.26, for a total value of $46,363.38. Following the transaction, the senior vice president now directly owns 180,413 shares in the company, valued at $1,490,211.38. This trade represents a 3.02 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Corporate insiders own 16.30% of the company’s stock.

Wall Street Analysts Forecast Growth

COUR has been the subject of several recent analyst reports. Telsey Advisory Group restated an “outperform” rating and set a $15.00 target price on shares of Coursera in a research note on Tuesday, January 28th. UBS Group upped their target price on shares of Coursera from $7.50 to $8.50 and gave the company a “neutral” rating in a report on Friday, January 31st. Needham & Company LLC reaffirmed a “buy” rating and issued a $11.00 target price on shares of Coursera in a research report on Monday, January 27th. Royal Bank of Canada reissued an “outperform” rating and issued a $10.00 price target on shares of Coursera in a research report on Friday, January 31st. Finally, JPMorgan Chase & Co. assumed coverage on Coursera in a report on Monday, November 25th. They set a “neutral” rating and a $8.00 price objective on the stock. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and eight have issued a buy rating to the company. Based on data from MarketBeat, Coursera has an average rating of “Moderate Buy” and a consensus target price of $10.13.

Coursera Stock Up 4.0 %

Shares of COUR stock opened at $7.42 on Tuesday. The stock’s 50-day moving average price is $7.98 and its 200 day moving average price is $7.89. The stock has a market capitalization of $1.19 billion, a PE ratio of -14.26 and a beta of 1.40. Coursera, Inc. has a 52-week low of $6.29 and a 52-week high of $14.32.

About Coursera

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.