BlackRock Discloses 5.0% Stake in Coursera (COUR)
Ticker: COUR · Form: SC 13G · Filed: Jan 29, 2024 · CIK: 1651562
| Field | Detail |
|---|---|
| Company | Coursera, INC. (COUR) |
| Form Type | SC 13G |
| Filed Date | Jan 29, 2024 |
| Risk Level | low |
| Sentiment | bullish |
Complexity: simple
Sentiment: bullish
Topics: institutional-ownership, passive-investment, stake-disclosure
TL;DR
**BlackRock just revealed a 5% stake in Coursera, signaling institutional confidence.**
AI Summary
BlackRock, Inc., a major investment firm, reported on January 29, 2024, that it beneficially owns 5.0% of Coursera, Inc.'s Common Stock as of December 31, 2023. This translates to 8,056,069 shares, giving BlackRock significant influence as a large institutional shareholder. This matters to investors because BlackRock's substantial stake signals confidence in Coursera's long-term prospects and could provide a degree of stability to the stock, as large institutional holdings often reduce volatility.
Why It Matters
BlackRock's significant ownership stake in Coursera indicates a major institutional investor's belief in the company, which can be a positive signal for other investors and potentially influence stock stability.
Risk Assessment
Risk Level: low — This filing indicates a large institutional investor's position, which generally adds stability rather than risk.
Analyst Insight
A smart investor would view BlackRock's 5.0% stake as a positive signal, suggesting institutional confidence in Coursera, and might consider further research into Coursera's fundamentals and growth prospects.
Key Numbers
- 8,056,069 — Shares Beneficially Owned (Represents BlackRock's total ownership in Coursera's Common Stock.)
- 5.0% — Percentage of Class (Indicates BlackRock's significant stake relative to Coursera's total outstanding shares.)
Key Players & Entities
- BlackRock, Inc. (company) — reporting person and beneficial owner
- Coursera, Inc. (company) — subject company (issuer)
- 8,056,069 (dollar_amount) — number of shares beneficially owned by BlackRock
- 5.0% (dollar_amount) — percentage of class beneficially owned by BlackRock
- December 31, 2023 (date) — date of event requiring the filing
- January 29, 2024 (date) — filing date
Forward-Looking Statements
- BlackRock will maintain or slightly increase its stake in Coursera over the next year. (BlackRock, Inc.) — medium confidence, target: January 29, 2025
FAQ
What is the name of the company that filed this SC 13G?
The company that filed this SC 13G is BlackRock, Inc., as stated in the 'FILED BY' section and 'Names of reporting persons' on the cover page.
Which company's stock is the subject of this filing?
The subject company of this filing is Coursera, Inc., as indicated under 'SUBJECT COMPANY' and 'Name of Issuer' on the cover page.
What percentage of Coursera's Common Stock does BlackRock, Inc. beneficially own according to this filing?
BlackRock, Inc. beneficially owns 5.0% of Coursera, Inc.'s Common Stock, as specified in the filing's summary data.
As of what date was the ownership percentage reported in this filing calculated?
The ownership percentage was calculated as of December 31, 2023, which is the 'Date of Event Which Requires Filing of this Statement'.
What is the CUSIP number for Coursera, Inc.'s Common Stock mentioned in the filing?
The CUSIP number for Coursera, Inc.'s Common Stock is 22266M104, as listed under 'CUSIP Number' on the cover page.
Filing Details
This Form SC 13G (Form SC 13G) was filed with the SEC on January 29, 2024 regarding Coursera, Inc. (COUR).