Coursera, Inc. (NYSE:COUR) CEO Jeffrey Nacey Maggioncalda Sells 50,000 Shares

Coursera, Inc. (NYSE:COUR) CEO Jeffrey Nacey Maggioncalda sold 50,000 shares of the firm’s stock in a transaction on Thursday, April 11th. The stock was sold at an average price of $13.14, for a total value of $657,000.00. Following the completion of the sale, the chief executive officer now directly owns 2,227,496 shares of the company’s stock, valued at approximately $29,269,297.44. The transaction was disclosed in a document filed with the SEC, which is available through this link.

Jeffrey Nacey Maggioncalda also recently made the following trade(s):

• On Thursday, March 28th, Jeffrey Nacey Maggioncalda sold 50,000 shares of Coursera stock. The stock was sold at an average price of $14.06, for a total value of $703,000.00.
• On Thursday, March 14th, Jeffrey Nacey Maggioncalda sold 50,000 shares of Coursera stock. The stock was sold at an average price of $14.45, for a total value of $722,500.00.
• On Thursday, February 29th, Jeffrey Nacey Maggioncalda sold 50,000 shares of Coursera stock. The stock was sold at an average price of $15.94, for a total value of $797,000.00.
• On Thursday, February 15th, Jeffrey Nacey Maggioncalda sold 50,000 shares of Coursera stock. The stock was sold at an average price of $16.85, for a total value of $842,500.00.
• On Friday, February 2nd, Jeffrey Nacey Maggioncalda sold 25,000 shares of Coursera stock. The stock was sold at an average price of $20.14, for a total value of $503,500.00.
• On Monday, January 29th, Jeffrey Nacey Maggioncalda sold 50,000 shares of Coursera stock. The stock was sold at an average price of $20.06, for a total value of $1,003,000.00.
• On Thursday, January 18th, Jeffrey Nacey Maggioncalda sold 50,000 shares of Coursera stock. The stock was sold at an average price of $19.43, for a total value of $971,500.00.

Coursera Stock Down 5.3 %

Shares of Coursera stock opened at $12.40 on Tuesday. Coursera, Inc. has a twelve month low of $9.91 and a twelve month high of $21.26. The business has a 50-day moving average price of $15.13 and a 200 day moving average price of $17.71. The firm has a market cap of $1.95 billion, a PE ratio of -16.10 and a beta of 1.48.

Coursera (NYSE:COUR) last announced its quarterly earnings results on Thursday, February 1st. The company reported ($0.12) earnings per share for the quarter, beating the consensus estimate of ($0.17) by $0.05. Coursera had a negative return on equity of 18.15% and a negative net margin of 18.33%. The firm had revenue of $168.88 million during the quarter, compared to analyst estimates of $163.64 million. On average, sell-side analysts expect that Coursera, Inc. will post -0.47 EPS for the current year.

Hedge Funds Weigh In On Coursera

Several institutional investors and hedge funds have recently modified their holdings of COUR. DekaBank Deutsche Girozentrale purchased a new stake in Coursera during the 3rd quarter worth approximately $38,000. Point72 Hong Kong Ltd purchased a new stake in Coursera during the 2nd quarter worth approximately $31,000. FMR LLC increased its stake in Coursera by 187.5% during the 2nd quarter. FMR LLC now owns 2,366 shares of the company’s stock worth $34,000 after buying an additional 1,543 shares in the last quarter. KBC Group NV purchased a new stake in Coursera during the 4th quarter worth approximately $46,000. Finally, Point72 Middle East FZE purchased a new stake in Coursera during the 4th quarter worth approximately $46,000. Hedge funds and other institutional investors own 89.55% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts have commented on the company. Needham & Company LLC lifted their price target on Coursera from $21.00 to $23.00 and gave the stock a “buy” rating in a research report on Friday, February 2nd. Telsey Advisory Group lifted their price objective on Coursera from $24.00 to $25.00 and gave the company an “outperform” rating in a research note on Friday, February 2nd. The Goldman Sachs Group lowered Coursera from a “neutral” rating to a “sell” rating and reduced their price objective for the company from $18.00 to $14.00 in a research note on Friday, January 19th. KeyCorp lifted their price objective on Coursera from $22.00 to $24.00 and gave the company an “overweight” rating in a research note on Friday, February 2nd. Finally, Cantor Fitzgerald lifted their price objective on Coursera from $22.00 to $26.00 and gave the company an “overweight” rating in a research note on Friday, February 2nd. 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 stock. According to MarketBeat.com, Coursera presently has an average rating of “Moderate Buy” and a consensus price target of $22.10.

Coursera Company 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.