Coursera Inc. (NYSE:COUR) saw a notable transaction from one of its top executives, as SVP and Chief People Officer Richard J. Jacquet sold shares worth over $140,000. The sale occurred on May 17, 2024, under a prearranged trading plan.
Jacquet sold 16,453 shares of Coursera stock at an average price of $8.5626, totaling approximately $140,880. The transactions were executed in multiple tranches, with prices ranging from $8.46 to $8.74 per share. This information comes from a recent Form 4 filing with the Securities and Exchange Commission, which also indicated that the sales were conducted as part of a Rule 10b5-1 trading plan established by Jacquet on February 7, 2024.
In addition to the sale, the filing disclosed that on May 15, Jacquet had shares withheld by the company to satisfy tax obligations upon the vesting of restricted stock units. A total of 35,907 shares, valued at $8.96 each, were withheld, equating to a total transaction value of $321,726.
Following these transactions, Jacquet's holdings in Coursera stock have been adjusted to 198,954 shares. The recent sales and withholding of shares for taxes are routine practices for corporate executives managing their stock-based compensation and tax liabilities.
Investors often monitor insider transactions such as these for insights into executives' perspectives on their company's stock value and future performance. However, it's important to note that these transactions do not always provide a complete picture and can be influenced by a variety of personal financial considerations.
InvestingPro Insights
As Coursera Inc. (NYSE:COUR) navigates through its financial journey, recent data and insights from InvestingPro paint a picture of a company with notable strengths and challenges. The InvestingPro Tips indicate that the management's confidence in the company is reflected by aggressive share buybacks, and a healthy balance sheet is evidenced by Coursera holding more cash than debt. Additionally, despite recent stock price volatility, analysts anticipate net income growth for the company this year.
InvestingPro Data underscores the company's current financial standing with a market capitalization of $1.32 billion and a revenue growth of 19.28% over the last twelve months as of Q1 2024. Nonetheless, Coursera's profitability is under scrutiny, with a negative P/E ratio of -12.35 and an adjusted P/E ratio for the same period of -13.44, hinting at investor concerns over earnings. The gross profit margin remains strong at 52.03%, demonstrating the company's ability to maintain profitability on its services.
Investors who track the performance of Coursera may also be interested to know that the stock is trading near its 52-week low and has experienced a significant price drop over the last three months, as reflected by a 49.64% decrease in the 3-month price total return. These metrics, coupled with the recent insider transactions, could signal potential entry points for value investors or suggest caution for those concerned about short-term volatility.
For those seeking a deeper analysis, InvestingPro offers additional insights and metrics. By using the coupon code PRONEWS24, readers can get an additional 10% off a yearly or biyearly Pro and Pro+ subscription, unlocking a wealth of InvestingPro Tips that could guide investment decisions. Currently, there are 14 additional tips listed on InvestingPro for Coursera, which could provide investors with a more comprehensive view of the company's prospects.
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