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 the stock in a transaction on Thursday, April 18th. The stock was sold at an average price of $11.91, for a total value of $595,500.00. Following the transaction, the chief executive officer now owns 2,177,496 shares of the company’s stock, valued at $25,933,977.36. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available 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 stock was 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 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 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 shares were sold at an average price of $20.06, for a total value of $1,003,000.00.

Coursera Trading Down 0.9 %

Coursera stock opened at $12.12 on Wednesday. The firm has a market capitalization of $1.91 billion, a P/E ratio of -15.73 and a beta of 1.48. The business has a 50-day moving average of $14.47 and a 200-day moving average of $17.45. Coursera, Inc. has a 1 year low of $9.91 and a 1 year high of $21.26.

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

Analysts Set New Price Targets

Several research firms have weighed in on COUR. Needham & Company LLC raised their price objective on shares of Coursera from $21.00 to $23.00 and gave the company a “buy” rating in a research report on Friday, February 2nd. Telsey Advisory Group boosted their price objective on shares of Coursera from $24.00 to $25.00 and gave the stock an “outperform” rating in a research report on Friday, February 2nd. Morgan Stanley decreased their price objective on Coursera from $25.00 to $21.00 and set an “overweight” rating on the stock in a research report on Friday, April 19th. The Goldman Sachs Group downgraded Coursera from a “neutral” rating to a “sell” rating and dropped their target price for the stock from $18.00 to $14.00 in a research report on Friday, January 19th. Finally, Truist Financial upped their price target on Coursera from $17.00 to $20.00 and gave the company a “hold” rating in a research note on Friday, February 2nd. 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’s stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $22.10.

Institutional Investors Weigh In On Coursera

Large investors have recently modified their holdings of the business. DekaBank Deutsche Girozentrale acquired a new stake in shares of Coursera during the third quarter worth $38,000. Daiwa Securities Group Inc. increased its holdings in Coursera by 13.2% during 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 shares of Coursera in the 3rd quarter valued at about $115,000. Harvest Fund Management Co. Ltd bought a new stake in shares of Coursera in the fourth quarter valued at about $204,000. Finally, Moran Wealth Management LLC acquired a new position in shares of Coursera during 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.