Coursera director Andrew Y. Ng sells company stock worth $49k

From Investing.com: 2024-09-20 19:25:53

Coursera, Inc. (NYSE:COUR) Director Andrew Y. Ng recently sold 6,221 shares of company stock at prices ranging from $8.00 to $8.10 per share, totaling approximately $49,963. This sale was conducted under a Rule 10b5-1 trading plan adopted on June 13, 2024, indicating Ng’s ongoing substantial interest with 7,297,671 shares remaining.

Coursera’s strong performance in recent earnings saw second-quarter revenue rise by 11% year-over-year to $170.3 million, driven by international learners and enrollment growth. BofA Securities initiated coverage with a Buy rating, while Goldman Sachs maintained a Sell rating. Coursera introduced new professional certificate programs and expects Q3 revenue between $171 million and $175 million.

Coursera, with a market cap of $1.28 billion, holds more cash than debt, indicating financial stability. Despite challenges, revenue growth in the last twelve months stood at 16.19%, with a strong gross profit margin of 52.3%. Management’s share buyback and anticipated net income growth signal confidence and potential profitability, offering investors valuable insights.



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