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

Coursera, Inc. (NYSE:COUR) CEO Jeffrey Nacey Maggioncalda sold 50,000 shares of Coursera stock in a transaction that occurred on 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 directly owns 2,177,496 shares in the company, valued at $25,933,977.36. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.

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 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 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 shares were 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 transaction 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

Shares of COUR stock opened at $12.24 on Tuesday. The firm has a market capitalization of $1.93 billion, a price-to-earnings ratio of -15.90 and a beta of 1.48. Coursera, Inc. has a 12-month low of $9.91 and a 12-month high of $21.26. The business has a 50 day simple moving average of $14.56 and a 200 day simple moving average of $17.49.

Coursera (NYSE:COUR) last released its earnings results on Thursday, February 1st. The company reported ($0.12) EPS for the quarter, beating the consensus estimate 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%. On average, equities analysts anticipate that Coursera, Inc. will post -0.47 EPS for the current fiscal year.

Analysts Set New Price Targets

COUR has been the subject of several research analyst reports. Morgan Stanley lowered their price objective on Coursera from $25.00 to $21.00 and set an “overweight” rating for the company in a report on Friday. KeyCorp lifted their price target on shares of Coursera from $22.00 to $24.00 and gave the company an “overweight” rating in a report on Friday, February 2nd. Telsey Advisory Group increased their price objective on shares of Coursera from $24.00 to $25.00 and gave the stock an “outperform” rating in a research note on Friday, February 2nd. Royal Bank of Canada restated an “outperform” rating and issued a $25.00 target price on shares of Coursera in a research note on Friday, February 2nd. Finally, Truist Financial raised their price target on Coursera from $17.00 to $20.00 and gave the stock a “hold” rating in a report on Friday, February 2nd. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and eight have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $22.10.

Institutional Investors Weigh In On Coursera

Hedge funds and other institutional investors have recently bought and sold shares of the business. DekaBank Deutsche Girozentrale bought a new position in shares of Coursera during the 3rd quarter valued at about $38,000. Daiwa Securities Group Inc. increased its stake in Coursera by 13.2% in the 4th quarter. Daiwa Securities Group Inc. now owns 4,990 shares of the company’s stock worth $97,000 after purchasing an additional 580 shares in the last quarter. Counterpoint Mutual Funds LLC acquired a new stake in Coursera during the 3rd quarter worth about $115,000. Harvest Fund Management Co. Ltd purchased a new stake in Coursera during the fourth quarter valued at about $204,000. Finally, Moran Wealth Management LLC acquired a new position in shares of Coursera in the fourth quarter worth about $208,000. 89.55% of the stock is currently owned by institutional investors.

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.