Senvest Management LLC Purchases 584,085 Shares of Coursera, Inc. (NYSE:COUR)

Senvest Management LLC increased its holdings in Coursera, Inc. (NYSE:COUR) by 994.7% during the 3rd quarter, Holdings Channel reports. The firm owned 642,806 shares of the company’s stock after buying an additional 584,085 shares during the period. Senvest Management LLC’s holdings in Coursera were worth $5,104,000 at the end of the most recent quarter.

Other large investors also recently modified their holdings of the company. Assenagon Asset Management S.A. lifted 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 buying an additional 83,369 shares during the period. M&G Plc purchased a new stake in Coursera in the second quarter worth $5,048,000. Quadrature Capital Ltd bought a new stake in Coursera in the first quarter valued at $635,000. Millennium Management LLC boosted its holdings in Coursera by 67.0% in the second quarter. Millennium Management LLC now owns 2,800,912 shares of the company’s stock valued at $20,055,000 after acquiring an additional 1,123,397 shares in the last quarter. Finally, Healthcare of Ontario Pension Plan Trust Fund purchased a new position in Coursera during the 2nd quarter valued at $2,545,000. 89.55% of the stock is owned by institutional investors.

Insider Activity at Coursera

In related 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 transaction of $49,954.63. Following the completion of the sale, the director now owns 7,297,671 shares in the company, valued at approximately $58,600,298.13. This represents a 0.09 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, SVP Alan B. Cardenas sold 6,102 shares of the stock in a transaction that occurred on Monday, November 18th. The stock was sold at an average price of $6.83, for a total transaction of $41,676.66. Following the completion of the transaction, the senior vice president now owns 194,082 shares in the company, valued at $1,325,580.06. This trade represents a 3.05 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 13,885 shares of company stock valued at $102,815. 16.30% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

COUR has been the subject of several research analyst reports. The Goldman Sachs Group dropped their target price on shares of Coursera from $9.00 to $7.25 and set a “sell” rating for the company in a research report on Friday, October 25th. Morgan Stanley lowered their price objective on shares of Coursera from $15.00 to $10.00 and set an “overweight” rating for the company in a report on Friday, October 25th. Telsey Advisory Group reiterated an “outperform” rating and set a $18.00 target price on shares of Coursera in a report on Monday, October 21st. Bank of America began coverage on Coursera in a research report on Thursday, September 19th. They issued a “buy” rating and a $11.00 target price for the company. Finally, BMO Capital Markets reduced their price target on Coursera from $10.00 to $9.00 and set an “outperform” rating on the stock in a research note on Friday, October 25th. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating and nine have given a buy rating to the company. Based on data from MarketBeat.com, Coursera has a consensus rating of “Moderate Buy” and an average price target of $10.93.

Coursera Stock Up 1.9 %

NYSE:COUR opened at $7.11 on Friday. The stock has a market cap of $1.13 billion, a price-to-earnings ratio of -13.94 and a beta of 1.44. The company’s 50 day moving average price is $7.47 and its 200-day moving average price is $7.65. Coursera, Inc. has a 52 week low of $6.29 and a 52 week high of $21.26.

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.