Coursera , Inc. (NYSE:COUR) director Sabrina Simmons has recently sold a portion of her stock in the company, according to the latest SEC filings. On May 24, Simmons sold 8,093 shares of the online education provider's common stock at a weighted average price of $7.7162, totaling over $62,447.
The transaction was executed under a pre-arranged 10b5-1 trading plan, which allows company insiders to sell shares at predetermined times to avoid accusations of insider trading. The sales occurred in multiple transactions with prices ranging from $7.67 to $7.90 per share. This information is detailed in a footnote of the SEC filing, indicating that Simmons is willing to provide more specific details about the sales upon request.
In addition to the sale, the filing also disclosed that Simmons was automatically granted 18,669 restricted stock units (RSUs) on May 22, as part of the compensation for her role as a director. These RSUs are scheduled to fully vest and convert into common stock either on May 22, 2025, or at Coursera's 2025 annual meeting of stockholders, contingent upon Simmons's continuous service with the company.
Following the sale, Simmons still owns a substantial number of shares in Coursera, with the post-transaction amount listed as 37,785 shares of common stock. The transactions reflect routine trading activity by company executives and are a common part of executive compensation and stock ownership strategies.
Investors and followers of Coursera will likely keep an eye on insider transactions as they can provide insights into the executives' perspectives on the company's stock value and future performance.
InvestingPro Insights
As investors scrutinize the recent insider sale by Coursera, Inc. (NYSE:COUR) director Sabrina Simmons, it's important to consider the broader financial context of the company. According to InvestingPro data, Coursera holds a market capitalization of approximately $1.2 billion, suggesting a significant presence in the online education sector. Despite recent market challenges, the company's revenue has shown resilience, with a growth of 19.28% over the last twelve months as of Q1 2024.
However, the company's P/E ratio stands at a negative -11.16, reflecting the market's concerns about profitability. Coursera's recent stock price volatility is evident, with a 1-month price total return showing a steep decline of -35.49%. This could align with the InvestingPro Tip that the stock has fared poorly over the last month. Moreover, another InvestingPro Tip highlights that the stock is trading near its 52-week low, which may attract investors looking for potential bargains in the market.
For those interested in delving deeper into Coursera's financial health and future prospects, there are additional InvestingPro Tips available, providing a comprehensive analysis of the company's strategic moves and market position. For instance, management's aggressive share buybacks and the company's strong cash position relative to its debt could signal confidence in Coursera's long-term value. Furthermore, analysts predict that the company will be profitable this year, which could indicate a turnaround in its financial trajectory. To explore these insights further, investors can visit https://www.investing.com/pro/COUR and use the coupon code PRONEWS24 to get an additional 10% off a yearly or biyearly Pro and Pro+ subscription.
With 15 additional InvestingPro Tips listed for Coursera, investors have a valuable resource at their fingertips to make more informed decisions. Whether these insider transactions signal a strategic move or simply routine financial planning, the broader data provided by InvestingPro can help investors gain a clearer picture of Coursera's market standing and potential investment opportunities.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.