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 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 completion of the transaction, the chief executive officer now owns 2,127,496 shares of the company’s stock, valued at $20,423,961.60. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink.

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 stock was sold at an average price of $11.91, for a total value 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 shares were 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 stock was sold at an average price of $14.45, for a total transaction 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.

Coursera Trading Down 4.0 %

Shares of COUR stock opened at $9.30 on Thursday. Coursera, Inc. has a twelve month low of $9.23 and a twelve month high of $21.26. The company has a market capitalization of $1.45 billion, a PE ratio of -13.47 and a beta of 1.57. The firm has a fifty day simple moving average of $13.26 and a 200-day simple moving average of $16.89.

Coursera (NYSE:COUR) last posted its quarterly earnings data on Monday, April 29th. The company reported $0.07 earnings per share for the quarter, beating analysts’ consensus estimates of $0.01 by $0.06. Coursera had a negative net margin of 16.05% and a negative return on equity of 16.03%. The company had revenue of $169.10 million during the quarter, compared to analysts’ expectations of $170.43 million. During the same period in the prior year, the company posted ($0.24) EPS. The firm’s revenue for the quarter was up 14.6% on a year-over-year basis. Equities research analysts predict that Coursera, Inc. will post -0.45 EPS for the current year.

Institutional Investors Weigh In On Coursera

Several hedge funds and other institutional investors have recently bought and sold shares of the business. Daiwa Securities Group Inc. boosted its stake in shares of Coursera by 13.2% during the 4th 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. Victory Capital Management Inc. grew its holdings in Coursera by 9.4% during the 3rd quarter. Victory Capital Management Inc. now owns 12,008 shares of the company’s stock worth $224,000 after acquiring an additional 1,029 shares in the last quarter. QRG Capital Management Inc. grew its holdings in Coursera by 6.0% during the 4th quarter. QRG Capital Management Inc. now owns 20,842 shares of the company’s stock worth $404,000 after acquiring an additional 1,181 shares in the last quarter. Aviva PLC increased its position in shares of Coursera by 7.5% in the 3rd quarter. Aviva PLC now owns 23,077 shares of the company’s stock worth $431,000 after purchasing an additional 1,607 shares during the last quarter. Finally, Harbor Capital Advisors Inc. raised its stake in shares of Coursera by 10.1% in the 4th quarter. Harbor Capital Advisors Inc. now owns 21,129 shares of the company’s stock valued at $409,000 after purchasing an additional 1,942 shares in the last quarter. 89.55% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of research firms have recently commented on COUR. KeyCorp cut their price objective on Coursera from $24.00 to $20.00 and set an “overweight” rating on the stock in a report on Wednesday, April 24th. BMO Capital Markets reduced their price target on shares of Coursera from $20.00 to $13.00 and set an “outperform” rating on the stock in a research report on Wednesday, May 1st. Telsey Advisory Group reiterated an “outperform” rating and set a $25.00 price objective on shares of Coursera in a research note on Thursday, April 25th. Cantor Fitzgerald cut their target price on shares of Coursera from $26.00 to $21.00 and set an “overweight” rating on the stock in a research note on Tuesday, April 30th. Finally, William Blair reaffirmed an “outperform” rating 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 given a hold rating and eight have issued a buy rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $16.85.

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.