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 company’s stock in a transaction dated Thursday, April 11th. The stock was sold at an average price of $13.14, for a total transaction of $657,000.00. Following the completion of the transaction, the chief executive officer now owns 2,227,496 shares in the company, valued at $29,269,297.44. The transaction was disclosed in a 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 28th, Jeffrey Nacey Maggioncalda sold 50,000 shares of Coursera stock. The stock was 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 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.
• 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 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.
• On Thursday, January 18th, Jeffrey Nacey Maggioncalda sold 50,000 shares of Coursera stock. The stock was sold at an average price of $19.43, for a total transaction of $971,500.00.

Coursera Stock Down 3.4 %

Shares of Coursera stock opened at $11.98 on Wednesday. The firm has a market capitalization of $1.88 billion, a P/E ratio of -15.55 and a beta of 1.48. The company has a 50 day moving average price of $15.02 and a 200 day moving average price of $17.67. Coursera, Inc. has a 52 week low of $9.91 and a 52 week high of $21.26.

Coursera (NYSE:COUR) last announced its quarterly earnings data 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 during the quarter, compared to analyst estimates of $163.64 million. Coursera had a negative net margin of 18.33% and a negative return on equity of 18.15%. As a group, research analysts anticipate that Coursera, Inc. will post -0.47 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Coursera

Several hedge funds and other institutional investors have recently modified their holdings of the stock. DekaBank Deutsche Girozentrale acquired a new position in Coursera in the 3rd quarter worth approximately $38,000. Point72 Hong Kong Ltd acquired a new position in Coursera in the 2nd quarter worth approximately $31,000. FMR LLC increased its holdings in Coursera by 187.5% in the 2nd quarter. FMR LLC now owns 2,366 shares of the company’s stock worth $34,000 after buying an additional 1,543 shares during the period. KBC Group NV acquired a new position in Coursera in the 4th quarter worth approximately $46,000. Finally, Point72 Middle East FZE acquired a new position in Coursera in the 4th quarter worth approximately $46,000. 89.55% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several research analysts have issued reports on the stock. KeyCorp increased their target price on shares of Coursera from $22.00 to $24.00 and gave the stock an “overweight” rating in a report on Friday, February 2nd. Truist Financial increased their price target on shares of Coursera from $17.00 to $20.00 and gave the company a “hold” rating in a research report on Friday, February 2nd. Cantor Fitzgerald increased their price target on shares of Coursera from $22.00 to $26.00 and gave the company an “overweight” rating in a research report on Friday, February 2nd. Needham & Company LLC increased their price target 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. Finally, William Blair reissued an “outperform” rating on shares of Coursera in a research report on Friday, February 2nd. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and eight have issued a buy rating to the company. According to data from MarketBeat, Coursera currently has an average rating of “Moderate Buy” and an average 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.