Insider Selling: Coursera, Inc. (NYSE:COUR) CEO 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, April 11th. The shares were sold at an average price of $13.14, for a total value of $657,000.00. Following the sale, the chief executive officer now owns 2,227,496 shares in the company, valued at approximately $29,269,297.44. 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, 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 value 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 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 stock was 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 stock was 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.
• On Thursday, January 18th, Jeffrey Nacey Maggioncalda sold 50,000 shares of Coursera stock. The shares were sold at an average price of $19.43, for a total value of $971,500.00.

Coursera Stock Down 1.3 %

Shares of NYSE COUR opened at $11.83 on Thursday. Coursera, Inc. has a twelve month low of $9.91 and a twelve month high of $21.26. The firm has a market cap of $1.86 billion, a P/E ratio of -15.36 and a beta of 1.48. The company has a 50 day moving average of $14.90 and a 200 day moving average of $17.62.

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

Analyst Upgrades and Downgrades

Several research firms have weighed in on COUR. Needham & Company LLC lifted their price objective on Coursera from $21.00 to $23.00 and gave the company a “buy” rating in a research report on Friday, February 2nd. Cantor Fitzgerald reaffirmed an “overweight” rating and set a $26.00 price objective on shares of Coursera in a research report on Wednesday. The Goldman Sachs Group cut Coursera from a “neutral” rating to a “sell” rating and cut their price objective for the company from $18.00 to $14.00 in a research report on Friday, January 19th. KeyCorp lifted their price objective on Coursera from $22.00 to $24.00 and gave the company an “overweight” 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 issued a hold rating and eight have assigned a buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $22.10.

Hedge Funds Weigh In On Coursera

Hedge funds have recently added to or reduced their stakes in the company. Vanguard Group Inc. raised its holdings in Coursera by 5.7% in the 3rd quarter. Vanguard Group Inc. now owns 10,614,794 shares of the company’s stock worth $198,390,000 after acquiring an additional 570,177 shares during the last quarter. Nomura Asset Management Co. Ltd. raised its stake in Coursera by 41.9% during the 3rd quarter. Nomura Asset Management Co. Ltd. now owns 75,663 shares of the company’s stock valued at $1,414,000 after buying an additional 22,353 shares during the last quarter. Acadian Asset Management LLC purchased a new stake in Coursera during the 3rd quarter valued at $585,000. FMR LLC raised its stake in Coursera by 4,271.1% during the 3rd quarter. FMR LLC now owns 138,259 shares of the company’s stock valued at $2,584,000 after buying an additional 135,096 shares during the last quarter. Finally, Principal Financial Group Inc. raised its stake in Coursera by 1,167.6% during the 3rd quarter. Principal Financial Group Inc. now owns 194,914 shares of the company’s stock valued at $3,643,000 after buying an additional 179,537 shares during the last quarter. 89.55% of the stock is currently owned by hedge funds and other 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.