Coursera, Inc. (NYSE:COUR) has reported a recent transaction involving one of its top executives. Michele M. Meyers, the company's VP, Accounting, and Chief Accounting Officer, sold shares in the company while also acquiring new shares through a restricted stock unit award.
On March 20, 2024, Meyers sold a total of 2,880 shares of Coursera common stock at an average price of $14.4253 per share. This sale resulted in a total transaction value of approximately $41,544. The shares were sold in multiple transactions with prices ranging from $14.19 to $14.63. The sale was conducted under a pre-arranged Rule 10b5-1 trading plan, which allows company insiders to sell shares at predetermined times to avoid accusations of insider trading.
In addition to the sale, Meyers also acquired 39,860 shares of Coursera common stock on March 18, 2024, at no cost. These shares are issuable upon the settlement of a restricted stock unit (RSU) award, which is set to vest in sixteen equal quarterly installments starting from May 15, 2024, provided Meyers continues her service with Coursera through the vesting dates.
Following the transactions, Meyers owns a total of 243,039 shares of Coursera directly. The recent sales and acquisitions reflect ongoing changes in the executive's stake in the company, which are regularly reported in compliance with SEC regulations.
Investors often monitor insider transactions as they can provide insights into executives' perspectives on the company's current valuation and future prospects. However, these transactions are not necessarily indicative of future price movements and can be subject to various personal financial considerations.
InvestingPro Insights
As Coursera's (NYSE:COUR) VP, Accounting, and Chief Accounting Officer Michele M. Meyers adjusts her stake in the company, investors looking for additional context on the company's financial health can turn to InvestingPro for deeper analysis. Coursera, currently with a market capitalization of $2.28 billion, has been navigating through a challenging financial phase, reflected in its negative P/E ratio of -18.83, indicating that the company has not been profitable over the last twelve months as of Q4 2023. This aligns with the InvestingPro Tips, which highlight that Coursera has not been profitable over this period. However, the same InvestingPro Tips suggest a potential turnaround, with net income expected to grow this year and analysts predicting the company will be profitable this year.
The company's revenue growth has been positive, with a 21.39% increase over the last twelve months as of Q4 2023, suggesting that despite the lack of profitability, the company is expanding its sales. Furthermore, Coursera holds more cash than debt on its balance sheet, which is a strong sign of financial stability, especially for a company in the growth phase. This is particularly relevant considering that Coursera's gross profit margin stood at a healthy 51.89%, indicating that while operating at a loss, the company maintains a strong underlying business model.
For investors considering Coursera's stock, the InvestingPro Tips also note that the stock price has been quite volatile and has fallen significantly over the last three months, with a 27.24% drop in total return. Additionally, the stock is currently in oversold territory according to the RSI, which may be of interest to value investors looking for potential entry points.
For those seeking more comprehensive analysis, there are additional tips available on InvestingPro, such as the fact that 7 analysts have revised their earnings upwards for the upcoming period, and that the company's liquid assets exceed its short-term obligations. To access these insights and more, use the coupon code PRONEWS24 to get an additional 10% off a yearly or biyearly Pro and Pro+ subscription. There are 9 more InvestingPro Tips available for Coursera, which can provide investors with a detailed understanding of the company's financial position and future outlook.
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