🎈 Up Big Today: Find today's biggest gainers with our free screenerTry Stock Screener

Coursera SVP sells shares worth $41,651

Published 11/19/2024, 05:53 PM
COUR
-

Alan B. Cardenas, Senior Vice President and General Counsel at Coursera, Inc. (NYSE:COUR), recently sold 6,102 shares of the company's common stock. The shares were sold on November 18 at a weighted average price of $6.8258, amounting to a total transaction value of $41,651. This sale was conducted under a Rule 10b5-1 trading plan that Cardenas adopted earlier this year.

Prior to this transaction, on November 15, Cardenas had 7,250 shares withheld by the company to cover tax liabilities related to the vesting of restricted stock units. These shares were valued at a price of $6.93 each, totaling $50,242. Following these transactions, Cardenas now holds 194,082 shares directly.

In other recent news, Coursera, a prominent online learning platform, has reported a 6% year-over-year revenue increase to $176.1 million in Q3 2024. The company's adjusted EBITDA margins also improved to 5.4%. These recent developments showcase Coursera's strategic focus on growth, as it expands its offerings with professional certificates and AI-driven courses. The company also reported a 19% increase in paid enterprise customers and introduced AI-driven course customization tools. Despite a planned 10% workforce reduction, Coursera's outlook remains optimistic, projecting Q4 revenue between $174 million and $178 million, and a full-year forecast range of $690 million to $694 million. The company is also considering strategic acquisitions for double-digit growth after repurchasing $40 million in stock.

InvestingPro Insights

While Coursera's senior leadership engages in stock transactions, it's crucial to examine the company's financial health and market position. According to InvestingPro data, Coursera's market capitalization stands at $1.08 billion, with a revenue of $684.37 million for the last twelve months as of Q3 2024, showing a 12.36% growth.

Despite the recent insider sale, InvestingPro Tips reveal that management has been aggressively buying back shares, which could signal confidence in the company's future prospects. Additionally, Coursera holds more cash than debt on its balance sheet, indicating a strong financial position that may provide flexibility for future growth initiatives.

However, investors should note that Coursera's stock price has fallen significantly over the last year, with a one-year price total return of -64.18%. This decline aligns with the company's current unprofitability, as highlighted by another InvestingPro Tip. Nevertheless, analysts predict that Coursera will be profitable this year, which could potentially reverse the stock's downward trend.

For a more comprehensive analysis, InvestingPro offers 6 additional tips that could provide valuable insights into Coursera's investment potential. These additional tips, along with real-time metrics, can help investors make more informed decisions about COUR stock.

This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.