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 business’s stock in a transaction on Thursday, May 2nd. The stock was sold at an average price of $9.60, for a total transaction of $480,000.00. Following the sale, the chief executive officer now directly owns 2,127,496 shares in the company, valued at approximately $20,423,961.60. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

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 shares were sold at an average price of $14.45, for a total value 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 shares were sold at an average price of $16.85, for a total transaction of $842,500.00.

Coursera Stock Up 1.1 %

Shares of NYSE COUR opened at $9.69 on Wednesday. The company has a market capitalization of $1.51 billion, a PE ratio of -14.03 and a beta of 1.57. The stock’s 50 day moving average price is $13.40 and its 200-day moving average price is $16.95. Coursera, Inc. has a twelve month low of $9.46 and a twelve month high of $21.26.

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

Wall Street Analyst Weigh In

COUR has been the topic of a number of recent analyst reports. Royal Bank of Canada dropped their price objective on Coursera from $25.00 to $18.00 and set an “outperform” rating on the stock in a research note on Tuesday, April 30th. Cantor Fitzgerald cut their price target on Coursera from $26.00 to $21.00 and set an “overweight” rating on the stock in a report on Tuesday, April 30th. Telsey Advisory Group reiterated an “outperform” rating and issued a $25.00 price objective on shares of Coursera in a research note on Thursday, April 25th. William Blair reissued an “outperform” rating on shares of Coursera in a research note on Friday, February 2nd. Finally, Needham & Company LLC cut their target price on Coursera from $23.00 to $15.00 and set a “buy” rating on the stock in a report on Tuesday, April 30th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and eight have given a buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $16.85.

Hedge Funds Weigh In On Coursera

Institutional investors and hedge funds have recently bought and sold shares of the company. Baillie Gifford & Co. lifted its position in shares of Coursera by 43.1% during the 3rd quarter. Baillie Gifford & Co. now owns 25,827,187 shares of the company’s stock valued at $482,710,000 after buying an additional 7,773,508 shares during the last quarter. Vanguard Group Inc. raised its stake 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 acquiring an additional 536,890 shares during the period. Eventide Asset Management LLC lifted its holdings in Coursera by 6.6% during the fourth quarter. Eventide Asset Management LLC now owns 3,937,804 shares of the company’s stock valued at $76,275,000 after purchasing an additional 243,894 shares during the last quarter. Norges Bank purchased a new stake in shares of Coursera during the 4th quarter valued at approximately $52,804,000. Finally, Goldman Sachs Group Inc. boosted its holdings 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 worth $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.