Olympiad Research LP Makes New $294,000 Investment in Coursera, Inc. (NYSE:COUR)

Olympiad Research LP acquired a new stake in Coursera, Inc. (NYSE:COUR) in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 34,595 shares of the company’s stock, valued at approximately $294,000.

Other large investors also recently modified their holdings of the company. FMR LLC boosted its position in shares of 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 acquiring an additional 2,651 shares during the period. CWM LLC boosted its position in shares of Coursera by 82.3% in the third quarter. CWM LLC now owns 7,128 shares of the company’s stock valued at $57,000 after acquiring an additional 3,217 shares during the period. KBC Group NV boosted its position in shares of Coursera by 90.7% in the fourth quarter. KBC Group NV now owns 9,203 shares of the company’s stock valued at $78,000 after acquiring an additional 4,376 shares during the period. New York State Teachers Retirement System bought a new position in shares of Coursera in the fourth quarter valued at approximately $107,000. Finally, Versor Investments LP bought a new position in shares of Coursera in the third quarter valued at approximately $106,000. 89.55% of the stock is currently owned by institutional investors.

Coursera Stock Performance

COUR stock opened at $8.04 on Friday. The company has a market capitalization of $1.27 billion, a PE ratio of -15.45 and a beta of 1.42. Coursera, Inc. has a one year low of $6.29 and a one year high of $16.74. The company’s 50 day moving average price is $8.43 and its two-hundred day moving average price is $7.99.

Insiders Place Their Bets

In other Coursera news, SVP Alan B. Cardenas sold 5,613 shares of Coursera stock in a transaction that occurred on Wednesday, February 19th. The shares were sold at an average price of $8.26, for a total transaction of $46,363.38. Following the transaction, the senior vice president now directly owns 180,413 shares of the company’s stock, valued at approximately $1,490,211.38. This trade represents a 3.02 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Insiders own 16.30% of the company’s stock.

Analyst Ratings Changes

COUR has been the subject of a number of analyst reports. Scotiabank initiated coverage on shares of Coursera in a research report on Thursday, December 5th. They issued a “sector perform” rating and a $9.00 price objective for the company. Needham & Company LLC restated a “buy” rating and issued a $11.00 price objective on shares of Coursera in a research report on Monday, January 27th. Cantor Fitzgerald reiterated an “overweight” rating and set a $10.00 target price on shares of Coursera in a research report on Thursday, December 5th. JPMorgan Chase & Co. assumed coverage on shares of Coursera in a research report on Monday, November 25th. They set a “neutral” rating and a $8.00 target price for the company. Finally, Royal Bank of Canada reiterated an “outperform” rating and set a $10.00 target price on shares of Coursera in a research report on Friday, January 31st. One analyst has rated the stock with a sell rating, four have issued a hold rating and eight have issued a buy rating to the company. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $10.13.

Coursera 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.