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 stock in a transaction that occurred on Thursday, May 2nd. The shares were sold at an average price of $9.60, for a total transaction of $480,000.00. Following the transaction, the chief executive officer now directly owns 2,127,496 shares of the company’s stock, valued at $20,423,961.60. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website.

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

• On Thursday, April 18th, Jeffrey Nacey Maggioncalda sold 50,000 shares of Coursera stock. The shares were sold at an average price of $11.91, for a total value of $595,500.00.
• On Thursday, April 11th, Jeffrey Nacey Maggioncalda sold 50,000 shares of Coursera stock. The stock was sold at an average price of $13.14, for a total value of $657,000.00.
• On Thursday, March 28th, Jeffrey Nacey Maggioncalda sold 50,000 shares of Coursera stock. The shares were 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 transaction 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 transaction of $842,500.00.

Coursera Stock Down 0.3 %

NYSE:COUR opened at $9.58 on Tuesday. The stock has a market cap of $1.51 billion, a P/E ratio of -13.88 and a beta of 1.57. The business’s 50-day moving average price is $13.53 and its two-hundred day moving average price is $17.01. Coursera, Inc. has a twelve month low of $9.46 and a twelve month high of $21.26.

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

Wall Street Analyst Weigh In

COUR has been the subject of a number of recent research reports. William Blair reiterated an “outperform” rating on shares of Coursera in a research note on Friday, February 2nd. Royal Bank of Canada decreased their price objective on Coursera from $25.00 to $18.00 and set an “outperform” rating on the stock in a research note on Tuesday, April 30th. BMO Capital Markets cut their target price on Coursera from $20.00 to $13.00 and set an “outperform” rating for the company in a research note on Wednesday, May 1st. Truist Financial reduced their target price on Coursera from $20.00 to $12.00 and set a “hold” rating for the company in a report on Tuesday, April 30th. Finally, KeyCorp lowered their price target on shares of Coursera from $24.00 to $20.00 and set an “overweight” rating on the stock in a report on Wednesday, April 24th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and eight have issued a buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $16.85.

Institutional Trading of Coursera

A number of hedge funds have recently made changes to their positions in COUR. SG Americas Securities LLC bought a new position in Coursera in the third quarter valued at $355,000. Zurcher Kantonalbank Zurich Cantonalbank boosted its holdings in shares of Coursera by 35.5% in the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 18,405 shares of the company’s stock worth $344,000 after purchasing an additional 4,818 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. increased its position in shares of Coursera by 6.9% during the 3rd quarter. Mirae Asset Global Investments Co. Ltd. now owns 89,277 shares of the company’s stock valued at $1,669,000 after purchasing an additional 5,782 shares during the last quarter. Teacher Retirement System of Texas purchased a new position in shares of Coursera during the 3rd quarter valued at about $246,000. Finally, Duality Advisers LP bought a new stake in Coursera in the 3rd quarter worth approximately $856,000. 89.55% of the stock is owned by institutional investors.

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.