SCHEDULE: Baillie Gifford Sells All Coursera Stake

Baillie Gifford & Co has reported a complete divestment of its holdings in Coursera, Inc., indicating a significant shift in investment strategy.

Summary

• Baillie Gifford & Co has filed a Schedule 13G, Amendment No. 2, indicating a change in their beneficial ownership of Coursera, Inc. common stock.
• As of September 30, 2026, Baillie Gifford & Co no longer holds any shares in Coursera, Inc.
• The filing states 0 shares are beneficially owned, representing 0.0% of the class of securities.
• This filing is made under Rule 13d-1(b) and Baillie Gifford & Co is identified as an Investment Adviser.

Sentiment

Score: 2

Explanation: StockSavvy.ai views this filing as negative due to the complete divestment of shares, indicating a lack of confidence or a strategic shift away from Coursera, Inc.

Negatives

• Baillie Gifford & Co has completely sold off its stake in Coursera, Inc., reducing its beneficial ownership to zero shares.
• The percentage of Coursera, Inc. class of securities beneficially owned by Baillie Gifford & Co is now 0.0%.

Future Outlook

No forward-looking statements or guidance are provided in this filing.

Management Comments

• "By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were acquired and are held in the ordinary course of business and were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect, other than activities solely in connection with a nomination under ? 240.14a-11."
• "By signing below I certify that, to the best of my knowledge and belief, the foreign regulatory scheme applicable to Investment Adviser is substantially comparable to the regulatory scheme applicable to the functionally equivalent U.S. institution(s). I also undertake to furnish to the Commission staff, upon request, information that would otherwise be disclosed in a Schedule 13D."

Industry Context

StockSavvy.ai notes that a complete divestment by a significant investment adviser like Baillie Gifford & Co can signal a lack of conviction in the company's future prospects or a reallocation of capital to other opportunities within the education technology sector.

Stakeholder Impact

• Shareholders may view the complete exit of a known investor as a negative signal, potentially impacting share price due to reduced institutional support.
• The market may interpret this divestment as a sign of reduced confidence in Coursera's growth trajectory or profitability.

Key Dates

Recommendation

While the divestment by Baillie Gifford & Co is a negative signal, this filing is purely informational regarding ownership changes and does not contain operational or financial results. Therefore, a 'hold' recommendation is appropriate, pending further analysis of Coursera's performance and strategic direction.

Keywords

Coursera, Baillie Gifford, Investment Adviser, Securities Exchange Act, Schedule 13G, Divestment