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 the firm’s stock in a transaction dated Thursday, September 14th. The shares were sold at an average price of $18.19, for a total value of $909,500.00. Following the completion of the sale, the chief executive officer now directly owns 2,646,854 shares in the company, valued at $48,146,274.26. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.

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

• On Thursday, August 31st, Jeffrey Nacey Maggioncalda sold 50,000 shares of Coursera stock. The stock was sold at an average price of $17.41, for a total transaction of $870,500.00.
• On Thursday, August 17th, Jeffrey Nacey Maggioncalda sold 50,000 shares of Coursera stock. The shares were sold at an average price of $15.54, for a total transaction of $777,000.00.
• On Thursday, August 3rd, Jeffrey Nacey Maggioncalda sold 50,000 shares of Coursera stock. The shares were sold at an average price of $15.93, for a total transaction of $796,500.00.
• On Thursday, July 20th, Jeffrey Nacey Maggioncalda sold 50,000 shares of Coursera stock. The stock was sold at an average price of $13.47, for a total transaction of $673,500.00.
• On Thursday, July 6th, Jeffrey Nacey Maggioncalda sold 50,000 shares of Coursera stock. The stock was sold at an average price of $12.31, for a total transaction of $615,500.00.
• On Thursday, June 22nd, Jeffrey Nacey Maggioncalda sold 50,000 shares of Coursera stock. The stock was sold at an average price of $12.98, for a total transaction of $649,000.00.

Coursera Stock Performance

Shares of NYSE COUR opened at $18.71 on Tuesday. The company has a market capitalization of $2.80 billion, a P/E ratio of -18.17 and a beta of 1.76. Coursera, Inc. has a 52-week low of $9.81 and a 52-week high of $19.00. The company’s 50 day moving average price is $15.87 and its 200-day moving average price is $13.30.

Coursera (NYSE:COUR) last issued its quarterly earnings results on Thursday, July 27th. The company reported ($0.20) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.26) by $0.06. Coursera had a negative net margin of 26.19% and a negative return on equity of 21.21%. The firm had revenue of $153.70 million for the quarter, compared to the consensus estimate of $145.71 million. Analysts forecast that Coursera, Inc. will post -0.76 earnings per share for the current year.

Analyst Ratings Changes

Several research analysts have recently issued reports on COUR shares. Truist Financial upped their price objective on Coursera from $12.00 to $15.00 and gave the company a “hold” rating in a research note on Friday, July 28th. KeyCorp upped their price objective on Coursera from $17.00 to $18.00 and gave the company an “overweight” rating in a research note on Friday, July 28th. Telsey Advisory Group reaffirmed an “outperform” rating and issued a $20.00 price objective on shares of Coursera in a research note on Friday, July 28th. Cantor Fitzgerald reaffirmed an “overweight” rating and issued a $17.00 price objective on shares of Coursera in a research note on Monday. Finally, Needham & Company LLC reaffirmed a “buy” rating and set a $19.00 target price on shares of Coursera in a research report on Friday, July 28th. One equities research analyst has rated the stock with a hold rating and seven have issued a buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $18.78.

Institutional Investors Weigh In On Coursera

Several institutional investors and hedge funds have recently made changes to their positions in COUR. Point72 Hong Kong Ltd bought a new stake in shares of Coursera during the 2nd quarter valued at about $31,000. FMR LLC grew its holdings in Coursera by 187.5% in the second quarter. FMR LLC now owns 2,366 shares of the company’s stock worth $34,000 after purchasing an additional 1,543 shares during the period. Nisa Investment Advisors LLC grew its holdings in Coursera by 277.8% in the first quarter. Nisa Investment Advisors LLC now owns 3,740 shares of the company’s stock worth $43,000 after purchasing an additional 2,750 shares during the period. Point72 Middle East FZE acquired a new stake in Coursera in the fourth quarter worth $46,000. Finally, Daiwa Securities Group Inc. grew its holdings in Coursera by 108.2% in the second quarter. Daiwa Securities Group Inc. now owns 4,810 shares of the company’s stock worth $63,000 after purchasing an additional 2,500 shares during the period. Institutional investors own 64.36% of the company’s stock.

About Coursera

Coursera, Inc operates an online educational content platform that connects learners, educators, organizations, and institutions. It offers online courses that include data science, business, computer science, physical science and engineering, language learning, information technology, health, social sciences, math and logic, project management, and arts and humanities; campus student plans; degree courses; and certification education.