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

Coursera, Inc. (NYSE:COUR) CEO Jeffrey Nacey Maggioncalda sold 50,000 shares of the company’s stock in a transaction dated Thursday, April 18th. The shares were sold at an average price of $11.91, for a total transaction of $595,500.00. Following the transaction, the chief executive officer now owns 2,177,496 shares in the company, valued at approximately $25,933,977.36. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website.

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

• On Thursday, April 11th, Jeffrey Nacey Maggioncalda sold 50,000 shares of Coursera stock. The shares were sold at an average price of $13.14, for a total transaction 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 transaction 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 transaction 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 shares were 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 transaction of $1,003,000.00.

Coursera Price Performance

Coursera stock opened at $12.24 on Tuesday. The firm has a market capitalization of $1.93 billion, a P/E ratio of -15.90 and a beta of 1.48. The company’s 50-day moving average is $14.56 and its 200 day moving average is $17.49. Coursera, Inc. has a 1-year low of $9.91 and a 1-year high of $21.26.

Coursera (NYSE:COUR) last posted its quarterly earnings results on Thursday, February 1st. The company reported ($0.12) EPS for the quarter, topping analysts’ consensus estimates of ($0.17) by $0.05. The firm had revenue of $168.88 million for the quarter, compared to analysts’ expectations of $163.64 million. Coursera had a negative net margin of 18.33% and a negative return on equity of 18.15%. Research analysts anticipate that Coursera, Inc. will post -0.47 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of COUR. Baillie Gifford & Co. raised its holdings in shares of Coursera by 43.1% in the 3rd quarter. Baillie Gifford & Co. now owns 25,827,187 shares of the company’s stock valued at $482,710,000 after purchasing an additional 7,773,508 shares in the last quarter. Vanguard Group Inc. boosted its holdings in shares of Coursera by 5.1% in the 4th quarter. Vanguard Group Inc. now owns 11,151,684 shares of the company’s stock valued at $216,008,000 after buying an additional 536,890 shares in the last quarter. Eventide Asset Management LLC grew its position in shares of Coursera by 6.6% in the 4th quarter. Eventide Asset Management LLC now owns 3,937,804 shares of the company’s stock worth $76,275,000 after buying an additional 243,894 shares during the last quarter. Norges Bank bought a new position in shares of Coursera during the 4th quarter worth approximately $52,804,000. Finally, Goldman Sachs Group Inc. boosted its stake in Coursera by 38.7% in the fourth quarter. Goldman Sachs Group Inc. now owns 2,475,585 shares of the company’s stock valued at $47,952,000 after acquiring an additional 690,931 shares in the last quarter. Institutional investors own 89.55% of the company’s stock.

Wall Street Analysts Forecast Growth

COUR has been the topic of a number of analyst reports. Morgan Stanley lowered their target price on shares of Coursera from $25.00 to $21.00 and set an “overweight” rating on the stock in a research note on Friday. Cantor Fitzgerald reissued an “overweight” rating and issued a $26.00 price target on shares of Coursera in a report on Wednesday, April 17th. William Blair reaffirmed an “outperform” rating on shares of Coursera in a report on Friday, February 2nd. Truist Financial boosted their target price on shares of Coursera from $17.00 to $20.00 and gave the stock a “hold” rating in a report on Friday, February 2nd. Finally, Royal Bank of Canada reaffirmed an “outperform” rating and set a $25.00 target price on shares of Coursera 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 given a buy rating to the stock. According to data from MarketBeat, 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.