Coursera , Inc. (NYSE:COUR) director Amanda Clark has recently sold a portion of her company stock, according to the latest SEC filing. On May 24, Clark sold 8,093 shares at prices ranging from $7.67 to $7.89, with the total transaction amounting to approximately $62,456.
The sale was conducted under a pre-arranged 10b5-1 trading plan, which allows company insiders to sell shares at predetermined times to avoid accusations of insider trading. This plan had been adopted by Clark on June 13, 2023.
In addition to the sale, the filing revealed that Clark was automatically granted 18,669 restricted stock units (RSUs) on May 22 as part of the company's compensation program following Coursera's 2024 Annual Meeting of Stockholders. These RSUs are set to fully vest on the earlier of May 22, 2025, or the date of Coursera's 2025 annual meeting, provided that Clark continues her service with the company until then.
Following these transactions, Clark's ownership in Coursera stands at 76,266 shares of common stock. The recent sale and the acquisition of RSUs underscore the ongoing financial movements of Coursera's executive team and provide insight into the stock transactions of the company's insiders.
Investors often monitor insider buying and selling as it can provide signals about management's confidence in the company's future prospects. However, it should be noted that insider transactions may not always be indicative of the company's operational performance or long-term trajectory.
Coursera, headquartered in Mountain View, California, is a prominent player in the prepackaged software industry, offering a wide range of online courses and learning experiences from various institutions and organizations.
InvestingPro Insights
As Coursera, Inc. (NYSE:COUR) navigates through its financial and stock transactions, insights from InvestingPro suggest a mixed picture. On one hand, management's aggressive share buyback activity indicates a belief in the company's value, as reflected in one of the InvestingPro Tips highlighting that management has been actively repurchasing shares. On the other hand, the stock has experienced significant volatility and a substantial decline over recent periods, with the stock price taking a notable hit over the last week and month.
From a financial health perspective, another InvestingPro Tip notes that Coursera holds more cash than debt on its balance sheet, which could provide some stability in challenging economic conditions. Additionally, the company's net income is expected to grow this year, which may be a positive signal for investors considering the stock's future earnings potential.
Looking at the real-time metrics from InvestingPro, Coursera's market capitalization stands at $1.2 billion, indicating its size within the prepackaged software industry. Despite not being profitable over the last twelve months, the company has seen a revenue growth of 19.28% during the same period. However, the P/E ratio is currently negative at -11.16, which could suggest that investors are anticipating future profitability or growth.
For investors seeking a more comprehensive analysis of Coursera's financials and stock performance, InvestingPro offers additional insights. There are 15 more InvestingPro Tips available, which can be accessed by visiting https://www.investing.com/pro/COUR. For those interested in a more in-depth analysis, use the coupon code PRONEWS24 to get an additional 10% off a yearly or biyearly Pro and Pro+ subscription.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.