Coursera, Inc. (NYSE:COUR) CEO Sells $657,000.00 in Stock

Coursera, Inc. (NYSE:COUR - Get Free Report) CEO Jeffrey Nacey Maggioncalda sold 50,000 shares of the business's stock in a transaction dated Thursday, April 11th. The shares were sold at an average price of $13.14, for a total transaction of $657,000.00. Following the completion of the transaction, the chief executive officer now owns 2,227,496 shares in the company, valued at $29,269,297.44. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

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 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 shares were 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 shares were sold at an average price of $15.94, for a total transaction 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 transaction of $842,500.00.
• On Friday, February 2nd, Jeffrey Nacey Maggioncalda sold 25,000 shares of Coursera stock. The shares were 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.
• 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 transaction of $971,500.00.

Coursera Stock Down 5.3 %

Shares of NYSE COUR traded down $0.70 during trading on Monday, reaching $12.40. 2,241,793 shares of the company traded hands, compared to its average volume of 1,614,743. The firm has a 50 day simple moving average of $15.13 and a 200-day simple moving average of $17.71. The stock has a market capitalization of $1.95 billion, a PE ratio of -16.10 and a beta of 1.48. Coursera, Inc. has a 52-week low of $9.91 and a 52-week high of $21.26.

Coursera (NYSE:COUR - Get Free Report) last announced its quarterly earnings results on Thursday, February 1st. The company reported ($0.12) earnings per share (EPS) for the quarter, beating analysts' consensus estimates of ($0.17) by $0.05. The firm had revenue of $168.88 million for the quarter, compared to the consensus estimate of $163.64 million. Coursera had a negative net margin of 18.33% and a negative return on equity of 18.15%. As a group, research analysts predict that Coursera, Inc. will post -0.47 EPS for the current year.

Hedge Funds Weigh In On Coursera

Institutional investors and hedge funds have recently made changes to their positions in the business. Vanguard Group Inc. raised its stake in Coursera by 5.7% during 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 period. 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 worth $1,414,000 after acquiring an additional 22,353 shares during the period. Acadian Asset Management LLC bought a new stake in Coursera during the 3rd quarter worth approximately $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 worth $2,584,000 after acquiring an additional 135,096 shares during the period. 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 worth $3,643,000 after acquiring an additional 179,537 shares during the period. Hedge funds and other institutional investors own 89.55% of the company's stock.

Wall Street Analysts Forecast Growth

A number of analysts recently weighed in on the stock. The Goldman Sachs Group lowered shares of Coursera from a "neutral" rating to a "sell" rating and decreased their target price for the stock from $18.00 to $14.00 in a report on Friday, January 19th. Needham & Company LLC upped their target price on shares of Coursera from $21.00 to $23.00 and gave the stock a "buy" rating in a report on Friday, February 2nd. Cantor Fitzgerald upped their target price on shares of Coursera from $22.00 to $26.00 and gave the stock an "overweight" rating in a report on Friday, February 2nd. KeyCorp upped their target price on shares of Coursera from $22.00 to $24.00 and gave the stock an "overweight" rating in a report on Friday, February 2nd. Finally, Royal Bank of Canada reaffirmed an "outperform" rating and set a $25.00 target price on shares of Coursera in a report on Friday, February 2nd. One equities 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. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $22.10.

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.