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 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 completion of the sale, the chief executive officer now owns 2,127,496 shares of the company’s stock, valued at approximately $20,423,961.60. The transaction was disclosed in a filing with the SEC, which can be accessed through this link.

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 transaction of $722,500.00.
• On Thursday, February 29th, Jeffrey Nacey Maggioncalda sold 50,000 shares of Coursera stock. The shares were 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 Trading Down 0.3 %

Shares of COUR opened at $9.58 on Tuesday. The company has a market cap of $1.51 billion, a price-to-earnings ratio of -13.88 and a beta of 1.57. The company’s fifty day simple moving average is $13.53 and its 200 day simple moving average is $17.01. Coursera, Inc. has a 1-year low of $9.46 and a 1-year high of $21.26.

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

Analyst Ratings Changes

COUR has been the subject of a number of research analyst reports. Royal Bank of Canada reduced their target price on shares of Coursera from $25.00 to $18.00 and set an “outperform” rating for the company in a research note on Tuesday, April 30th. BMO Capital Markets decreased their price objective on Coursera from $20.00 to $13.00 and set an “outperform” rating for the company in a report on Wednesday, May 1st. William Blair restated an “outperform” rating on shares of Coursera in a research note on Friday, February 2nd. The Goldman Sachs Group decreased their price target on shares of Coursera from $15.00 to $10.50 and set a “sell” rating for the company in a research note on Wednesday, May 1st. Finally, KeyCorp reduced their target price on shares of Coursera from $24.00 to $20.00 and set an “overweight” rating for the company in a report on Wednesday, April 24th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and eight have assigned a buy rating to the company. Based on data from MarketBeat, Coursera presently has a consensus rating of “Moderate Buy” and a consensus price target of $16.85.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of the stock. Baillie Gifford & Co. increased its stake in shares of Coursera by 43.1% during the third quarter. Baillie Gifford & Co. now owns 25,827,187 shares of the company’s stock worth $482,710,000 after purchasing an additional 7,773,508 shares during the period. Vanguard Group Inc. grew its holdings in 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 increased its position in Coursera by 6.6% during 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 period. Norges Bank acquired a new stake in shares of Coursera during the fourth quarter worth $52,804,000. Finally, Goldman Sachs Group Inc. boosted its position in shares of 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 during the period. 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.