Insider Selling: Coursera, Inc. (NYSE:COUR) CEO Sells $703,000.00 in Stock

Coursera, Inc. (NYSE:COUR) CEO Jeffrey Nacey Maggioncalda sold 50,000 shares of the business’s stock in a transaction dated Thursday, March 28th. The stock was sold at an average price of $14.06, for a total transaction of $703,000.00. Following the transaction, the chief executive officer now owns 2,277,496 shares in the company, valued at $32,021,593.76. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink.

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

• 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 shares were sold at an average price of $16.85, for a total transaction 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 shares were sold at an average price of $20.06, for a total transaction of $1,003,000.00.
• On Thursday, January 18th, Jeffrey Nacey Maggioncalda sold 50,000 shares of Coursera stock. The shares were sold at an average price of $19.43, for a total transaction of $971,500.00.
• On Thursday, January 4th, Jeffrey Nacey Maggioncalda sold 50,000 shares of Coursera stock. The shares were sold at an average price of $19.09, for a total transaction of $954,500.00.

Coursera Stock Down 1.2 %

Shares of COUR opened at $13.74 on Wednesday. Coursera, Inc. has a fifty-two week low of $9.91 and a fifty-two week high of $21.26. The firm’s 50 day moving average price is $16.17 and its 200 day moving average price is $18.02. The company has a market cap of $2.16 billion, a P/E ratio of -17.84 and a beta of 1.48.

Coursera (NYSE:COUR) last announced its earnings results on Thursday, February 1st. The company reported ($0.12) earnings per share for the quarter, topping the consensus estimate 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 firm had revenue of $168.88 million for the quarter, compared to the consensus estimate of $163.64 million. Research analysts forecast that Coursera, Inc. will post -0.47 earnings per share for the current year.

Institutional Investors Weigh In On Coursera

A number of large investors have recently modified their holdings of COUR. Bank of New York Mellon Corp increased its position in shares of Coursera by 0.9% in the 1st quarter. Bank of New York Mellon Corp now owns 312,725 shares of the company’s stock valued at $7,205,000 after purchasing an additional 2,907 shares during the last quarter. Bank of Montreal Can purchased a new stake in shares of Coursera in the 1st quarter valued at approximately $2,214,000. MetLife Investment Management LLC increased its position in shares of Coursera by 55.4% in the 1st quarter. MetLife Investment Management LLC now owns 40,863 shares of the company’s stock valued at $941,000 after purchasing an additional 14,570 shares during the last quarter. Vontobel Holding Ltd. increased its position in shares of Coursera by 2.6% in the 1st quarter. Vontobel Holding Ltd. now owns 71,452 shares of the company’s stock valued at $1,623,000 after purchasing an additional 1,798 shares during the last quarter. Finally, Allianz Asset Management GmbH increased its position in shares of Coursera by 45.7% in the 1st quarter. Allianz Asset Management GmbH now owns 13,892 shares of the company’s stock valued at $320,000 after purchasing an additional 4,357 shares during the last quarter. 89.55% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of research firms have recently issued reports on COUR. Truist Financial boosted their price target on shares of Coursera from $17.00 to $20.00 and gave the company a “hold” rating in a research note on Friday, February 2nd. The Goldman Sachs Group downgraded shares of Coursera from a “neutral” rating to a “sell” rating and reduced their price target for the company from $18.00 to $14.00 in a research note on Friday, January 19th. Cantor Fitzgerald boosted their price target on shares of Coursera from $22.00 to $26.00 and gave the company an “overweight” rating in a research note on Friday, February 2nd. William Blair reissued an “outperform” rating on shares of Coursera in a research note on Friday, February 2nd. Finally, Royal Bank of Canada reissued an “outperform” rating and issued a $25.00 price target on shares of Coursera in a research note on Friday, February 2nd. One 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. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price 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.