Coursera, Inc. (NYSE:COUR) CEO Sells $480,000.00 in Stock

Coursera, Inc. (NYSE:COUR) CEO Jeffrey Nacey Maggioncalda sold 50,000 shares of Coursera stock in a transaction that occurred on Thursday, May 2nd. The shares were sold at an average price of $9.60, for a total value of $480,000.00. Following the transaction, the chief executive officer now owns 2,127,496 shares of the company’s stock, valued at $20,423,961.60. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.

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 transaction 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 transaction of $657,000.00.
• 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 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 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.

Coursera Price Performance

COUR opened at $9.30 on Thursday. The firm has a market capitalization of $1.45 billion, a price-to-earnings ratio of -13.47 and a beta of 1.57. The company’s 50 day simple moving average is $13.26 and its two-hundred day simple moving average is $16.89. Coursera, Inc. has a 1-year low of $9.23 and a 1-year high of $21.26.

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

Wall Street Analyst Weigh In

A number of equities research analysts recently issued reports on COUR shares. The Goldman Sachs Group dropped their price target on shares of Coursera from $15.00 to $10.50 and set a “sell” rating on the stock in a research note on Wednesday, May 1st. William Blair reiterated an “outperform” rating on shares of Coursera in a research report on Friday, February 2nd. Telsey Advisory Group restated an “outperform” rating and set a $25.00 price target on shares of Coursera in a research report on Thursday, April 25th. Truist Financial decreased their price target on shares of Coursera from $20.00 to $12.00 and set a “hold” rating on the stock in a research note on Tuesday, April 30th. Finally, BMO Capital Markets cut their price objective on Coursera from $20.00 to $13.00 and set an “outperform” rating for the company in a research note on Wednesday, May 1st. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and eight have assigned a buy rating to the company’s stock. According to MarketBeat, Coursera presently has a consensus rating of “Moderate Buy” and an average target price of $16.85.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of COUR. Baillie Gifford & Co. increased its position in Coursera by 43.1% during the third quarter. Baillie Gifford & Co. now owns 25,827,187 shares of the company’s stock worth $482,710,000 after purchasing an additional 7,773,508 shares during the last quarter. Norges Bank acquired a new stake in shares of Coursera during the 4th quarter worth approximately $52,804,000. Gilder Gagnon Howe & Co. LLC increased its holdings in shares of Coursera by 164.6% during the 4th quarter. Gilder Gagnon Howe & Co. LLC now owns 1,766,369 shares of the company’s stock worth $34,215,000 after buying an additional 1,098,701 shares during the last quarter. Emory University purchased a new stake in shares of Coursera during the 4th quarter valued at approximately $17,893,000. Finally, Inflection Point Investments LLP acquired a new position in Coursera in the fourth quarter valued at approximately $14,526,000. Institutional investors and hedge funds 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.