Atomi Financial Group Inc. Trims Stock Holdings in Coursera, Inc. (NYSE:COUR)

Atomi Financial Group Inc. lowered its stake in shares of Coursera, Inc. (NYSE:COUR) by 9.5% in the first quarter, according to its most recent 13F filing with the SEC. The fund owned 24,066 shares of the company’s stock after selling 2,513 shares during the period. Atomi Financial Group Inc.’s holdings in Coursera were worth $337,000 at the end of the most recent quarter.

A number of other institutional investors have also modified their holdings of COUR. Daiwa Securities Group Inc. increased its stake in shares of Coursera by 13.2% in the 4th quarter. Daiwa Securities Group Inc. now owns 4,990 shares of the company’s stock valued at $97,000 after purchasing an additional 580 shares in the last quarter. Harvest Fund Management Co. Ltd purchased a new position in shares of Coursera in the 4th quarter valued at about $204,000. Moran Wealth Management LLC purchased a new position in shares of Coursera in the 4th quarter valued at about $208,000. JFG Wealth Management LLC purchased a new position in shares of Coursera in the 4th quarter valued at about $271,000. Finally, Versor Investments LP purchased a new position in shares of Coursera in the 4th quarter valued at about $279,000. Hedge funds and other institutional investors own 89.55% of the company’s stock.

Insiders Place Their Bets

In other news, SVP Alan B. Cardenas sold 6,283 shares of Coursera stock in a transaction dated Friday, May 17th. The stock was sold at an average price of $8.56, for a total value of $53,782.48. Following the transaction, the senior vice president now directly owns 220,589 shares of the company’s stock, valued at approximately $1,888,241.84. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. In related news, Director Amanda Clark sold 8,093 shares of the firm’s stock in a transaction dated Friday, May 24th. The stock was sold at an average price of $7.72, for a total transaction of $62,477.96. Following the sale, the director now directly owns 76,266 shares in the company, valued at approximately $588,773.52. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, SVP Alan B. Cardenas sold 6,283 shares of Coursera stock in a transaction that occurred on Friday, May 17th. The stock was sold at an average price of $8.56, for a total value of $53,782.48. Following the sale, the senior vice president now owns 220,589 shares in the company, valued at $1,888,241.84. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 189,072 shares of company stock valued at $2,031,797. Insiders own 16.30% of the company’s stock.

Coursera Stock Up 0.7 %

Shares of COUR traded up $0.05 during trading hours on Monday, reaching $7.16. 1,222,793 shares of the company traded hands, compared to its average volume of 2,099,371. Coursera, Inc. has a fifty-two week low of $6.35 and a fifty-two week high of $21.26. The stock has a fifty day simple moving average of $7.56 and a 200 day simple moving average of $12.88.

Coursera (NYSE:COUR) last posted its quarterly earnings data on Monday, April 29th. The company reported $0.07 EPS for the quarter, beating analysts’ consensus estimates of $0.01 by $0.06. The business had revenue of $169.10 million for the quarter, compared to analyst estimates of $170.43 million. Coursera had a negative return on equity of 16.03% and a negative net margin of 16.05%. The business’s revenue for the quarter was up 14.6% compared to the same quarter last year. During the same quarter last year, the company earned ($0.24) earnings per share. As a group, equities research analysts anticipate that Coursera, Inc. will post -0.45 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

COUR has been the topic of several research analyst reports. Cantor Fitzgerald lowered their price objective on Coursera from $26.00 to $21.00 and set an “overweight” rating on the stock in a report on Tuesday, April 30th. Truist Financial lowered their price objective on Coursera from $20.00 to $12.00 and set a “hold” rating on the stock in a report on Tuesday, April 30th. BMO Capital Markets lowered their price objective on Coursera from $20.00 to $13.00 and set an “outperform” rating on the stock in a report on Wednesday, May 1st. KeyCorp lowered their target price on Coursera from $24.00 to $20.00 and set an “overweight” rating on the stock in a report on Wednesday, April 24th. Finally, Royal Bank of Canada lowered their target price on Coursera from $25.00 to $18.00 and set an “outperform” rating on the stock in a report on Tuesday, April 30th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and eight have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $16.85.

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.