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

Coursera, Inc. (NYSE:COUR) CEO Jeffrey Nacey Maggioncalda sold 50,000 shares of Coursera stock in a transaction dated Thursday, April 18th. The shares were sold at an average price of $11.91, for a total value of $595,500.00. Following the completion of the sale, the chief executive officer now directly owns 2,177,496 shares in the company, valued at approximately $25,933,977.36. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website.

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 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 shares were 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 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 Stock Performance

Coursera stock traded up $0.29 during midday trading on Monday, reaching $12.24. 2,065,244 shares of the company’s stock were exchanged, compared to its average volume of 1,659,025. Coursera, Inc. has a 52 week low of $9.91 and a 52 week high of $21.26. The firm has a market cap of $1.93 billion, a price-to-earnings ratio of -15.52 and a beta of 1.48. The stock’s 50-day simple moving average is $14.67 and its 200 day simple moving average is $17.53.

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

Analyst Ratings Changes

A number of analysts recently issued reports on the company. Telsey Advisory Group lifted their target price on Coursera from $24.00 to $25.00 and gave the company an “outperform” rating in a research report on Friday, February 2nd. Morgan Stanley lowered their target price on Coursera from $25.00 to $21.00 and set an “overweight” rating on the stock in a research report on Friday. KeyCorp lifted their target price on Coursera from $22.00 to $24.00 and gave the company an “overweight” rating in a research report on Friday, February 2nd. The Goldman Sachs Group downgraded Coursera from a “neutral” rating to a “sell” rating and lowered their target price for the company from $18.00 to $14.00 in a research report on Friday, January 19th. Finally, Royal Bank of Canada reaffirmed an “outperform” rating and issued a $25.00 target price on shares of Coursera in a research report on Friday, February 2nd. One research 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.com, Coursera currently has a consensus rating of “Moderate Buy” and a consensus target price of $22.10.

Institutional Investors Weigh In On Coursera

A number of institutional investors have recently made changes to their positions in COUR. Baillie Gifford & Co. boosted its stake in shares of Coursera by 43.1% in the third 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 period. Norges Bank bought a new stake in shares of Coursera in the fourth quarter valued at approximately $52,804,000. Gilder Gagnon Howe & Co. LLC boosted its stake in shares of Coursera by 164.6% in the fourth quarter. Gilder Gagnon Howe & Co. LLC now owns 1,766,369 shares of the company’s stock valued at $34,215,000 after buying an additional 1,098,701 shares during the period. Emory University bought a new stake in shares of Coursera in the fourth quarter valued at approximately $17,893,000. Finally, Inflection Point Investments LLP bought a new stake in shares of Coursera in the fourth quarter valued at approximately $14,526,000. Institutional investors own 89.55% of the company’s stock.

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.