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 company’s stock in a transaction that occurred on Thursday, April 18th. The stock was sold at an average price of $11.91, for a total transaction of $595,500.00. Following the sale, the chief executive officer now directly owns 2,177,496 shares of the company’s stock, valued at approximately $25,933,977.36. The sale was disclosed in a filing with the SEC, which is available at 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 transaction 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 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 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 stock was sold at an average price of $20.14, for a total transaction 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 transaction of $1,003,000.00.

Coursera Trading Down 1.7 %

Shares of NYSE COUR opened at $11.91 on Thursday. Coursera, Inc. has a 12 month low of $9.91 and a 12 month high of $21.26. The firm has a market capitalization of $1.87 billion, a PE ratio of -15.47 and a beta of 1.48. The firm has a fifty day simple moving average of $14.36 and a two-hundred day simple moving average of $17.41.

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

Wall Street Analyst Weigh In

A number of analysts have weighed in on the stock. William Blair restated an “outperform” rating on shares of Coursera in a research report on Friday, February 2nd. KeyCorp lowered their price objective on Coursera from $24.00 to $20.00 and set an “overweight” rating for the company in a research note on Wednesday. Royal Bank of Canada reiterated an “outperform” rating and set a $25.00 target price on shares of Coursera in a research report on Friday, February 2nd. Needham & Company LLC lifted their price target on shares of Coursera from $21.00 to $23.00 and gave the stock a “buy” rating in a report on Friday, February 2nd. Finally, The Goldman Sachs Group lowered Coursera from a “neutral” rating to a “sell” rating and cut their price objective for the stock from $18.00 to $14.00 in a research note on Friday, January 19th. One analyst has rated the stock with a sell rating, two have given a hold rating and eight have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, Coursera has an average rating of “Moderate Buy” and an average target price of $21.70.

Institutional Investors Weigh In On Coursera

Several hedge funds and other institutional investors have recently modified their holdings of COUR. DekaBank Deutsche Girozentrale purchased a new stake in shares of Coursera in the third quarter worth $38,000. Daiwa Securities Group Inc. raised its position in shares of Coursera by 13.2% during the fourth quarter. Daiwa Securities Group Inc. now owns 4,990 shares of the company’s stock valued at $97,000 after buying an additional 580 shares during the last quarter. Counterpoint Mutual Funds LLC purchased a new position in Coursera during the third quarter valued at $115,000. Harvest Fund Management Co. Ltd purchased a new position in shares of Coursera during the fourth quarter valued at about $204,000. Finally, Moran Wealth Management LLC bought a new stake in shares of Coursera in the fourth quarter worth about $208,000. 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.