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

Coursera, Inc. (NYSE:COUR) CEO Jeffrey Nacey Maggioncalda sold 50,000 shares of the firm’s stock in a transaction that occurred on Thursday, April 11th. The shares were sold at an average price of $13.14, for a total value of $657,000.00. Following the completion of the sale, the chief executive officer now directly owns 2,227,496 shares of the company’s stock, valued at $29,269,297.44. The transaction was disclosed in a document filed 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 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 stock was 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 Trading Down 1.3 %

Shares of COUR opened at $11.83 on Thursday. The company has a market capitalization of $1.86 billion, a PE ratio of -15.36 and a beta of 1.48. Coursera, Inc. has a 12 month low of $9.91 and a 12 month high of $21.26. The stock’s 50-day moving average price is $14.90 and its two-hundred day moving average price is $17.62.

Coursera (NYSE:COUR) last announced its quarterly earnings data 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 company 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%. Equities research analysts predict that Coursera, Inc. will post -0.47 EPS for the current fiscal year.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the business. Point72 Hong Kong Ltd acquired a new position in shares of Coursera in the 2nd quarter valued at about $31,000. FMR LLC lifted its stake in shares of Coursera by 187.5% in the 2nd quarter. FMR LLC now owns 2,366 shares of the company’s stock valued at $34,000 after purchasing an additional 1,543 shares during the period. DekaBank Deutsche Girozentrale acquired a new position in shares of Coursera in the 3rd quarter valued at about $38,000. KBC Group NV acquired a new position in shares of Coursera in the 4th quarter valued at about $46,000. Finally, Point72 Middle East FZE acquired a new position in shares of Coursera in the 4th quarter valued at about $46,000. 89.55% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

COUR has been the topic of several recent analyst reports. KeyCorp lifted their price target on Coursera from $22.00 to $24.00 and gave the company an “overweight” rating in a research note on Friday, February 2nd. Needham & Company LLC raised their price objective on Coursera from $21.00 to $23.00 and gave the company a “buy” rating in a report on Friday, February 2nd. The Goldman Sachs Group downgraded 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 report on Friday, January 19th. Cantor Fitzgerald reissued an “overweight” rating and set a $26.00 price objective on shares of Coursera in a report on Wednesday. Finally, Royal Bank of Canada reissued an “outperform” rating and set a $25.00 price objective 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 given a buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target 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.