Insider Selling: Coursera, Inc. (NYSE:COUR) CEO Sells 25,000 Shares of Stock

Coursera, Inc. (NYSE:COURGet Free Report) CEO Jeffrey Nacey Maggioncalda sold 25,000 shares of the company’s stock in a transaction on Friday, February 2nd. The shares were sold at an average price of $20.14, for a total transaction of $503,500.00. Following the completion of the transaction, the chief executive officer now owns 2,551,930 shares of the company’s stock, valued at $51,395,870.20. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website.

Jeffrey Nacey Maggioncalda also recently made the following trade(s):

  • 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 stock was sold at an average price of $19.43, for a total transaction of $971,500.00.
  • On Thursday, January 4th, Jeffrey Nacey Maggioncalda sold 50,000 shares of Coursera stock. The stock was sold at an average price of $19.09, for a total transaction of $954,500.00.
  • On Tuesday, December 26th, Jeffrey Nacey Maggioncalda sold 11,048 shares of Coursera stock. The stock was sold at an average price of $20.01, for a total transaction of $221,070.48.
  • On Friday, December 22nd, Jeffrey Nacey Maggioncalda sold 13,952 shares of Coursera stock. The shares were sold at an average price of $20.03, for a total transaction of $279,458.56.
  • On Thursday, December 7th, Jeffrey Nacey Maggioncalda sold 75,000 shares of Coursera stock. The shares were sold at an average price of $20.59, for a total transaction of $1,544,250.00.
  • On Monday, December 4th, Jeffrey Nacey Maggioncalda sold 155,197 shares of Coursera stock. The shares were sold at an average price of $20.21, for a total transaction of $3,136,531.37.
  • On Friday, December 1st, Jeffrey Nacey Maggioncalda sold 123,422 shares of Coursera stock. The stock was sold at an average price of $20.15, for a total transaction of $2,486,953.30.
  • On Friday, November 24th, Jeffrey Nacey Maggioncalda sold 50,000 shares of Coursera stock. The stock was sold at an average price of $19.60, for a total transaction of $980,000.00.
  • On Tuesday, November 28th, Jeffrey Nacey Maggioncalda sold 8,499 shares of Coursera stock. The stock was sold at an average price of $20.00, for a total transaction of $169,980.00.

Coursera Stock Performance

COUR stock traded down $0.59 during trading on Monday, hitting $17.62. The company had a trading volume of 2,886,801 shares, compared to its average volume of 1,813,550. The business has a 50-day moving average of $19.67 and a 200-day moving average of $18.20. Coursera, Inc. has a one year low of $9.91 and a one year high of $21.26.

Hedge Funds Weigh In On Coursera

Institutional investors have recently added to or reduced their stakes in the business. Russell Investments Group Ltd. raised its position in shares of Coursera by 62.8% during the fourth quarter. Russell Investments Group Ltd. now owns 244,137 shares of the company’s stock worth $4,731,000 after purchasing an additional 94,174 shares during the period. Harvest Fund Management Co. Ltd bought a new position in Coursera in the 4th quarter valued at $204,000. New York State Common Retirement Fund grew its stake in shares of Coursera by 29.0% during the 4th quarter. New York State Common Retirement Fund now owns 69,599 shares of the company’s stock worth $1,348,000 after acquiring an additional 15,635 shares during the period. Jennison Associates LLC bought a new position in shares of Coursera during the 4th quarter worth $656,000. Finally, Duality Advisers LP boosted its stake in Coursera by 47.0% in the 4th quarter. Duality Advisers LP now owns 67,318 shares of the company’s stock worth $1,304,000 after purchasing an additional 21,539 shares during the period. 64.36% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several equities research analysts have recently commented on COUR shares. Truist Financial boosted their target price on shares of Coursera from $17.00 to $20.00 and gave the company a “hold” rating in a research note on Friday. William Blair reiterated an “outperform” rating on shares of Coursera in a research report on Friday. Cantor Fitzgerald upped their price target on Coursera from $22.00 to $26.00 and gave the stock an “overweight” rating in a research report on Friday. BMO Capital Markets began coverage on Coursera in a report on Thursday, October 12th. They set an “outperform” rating and a $24.00 price target for the company. Finally, Needham & Company LLC lifted their target price on Coursera from $21.00 to $23.00 and gave the stock a “buy” rating in a report on Friday. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and nine have issued a buy rating to the company’s stock. According to data from MarketBeat, Coursera presently has an average rating of “Moderate Buy” and an average price target of $22.82.

Read Our Latest Stock Report on Coursera

About Coursera

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Coursera, Inc operates an online educational content platform that connects learners, educators, organizations, and institutions. It offers online courses that include data science, business, computer science, physical science and engineering, language learning, information technology, health, social sciences, math and logic, project management, and arts and humanities; campus student plans; degree courses; and certification education.

See Also

Insider Buying and Selling by Quarter for Coursera (NYSE:COUR)

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