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

Coursera director Amanda Clark sells $11,183 in stock

Published 2024-11-19, 05:58 p/m
COUR
-

Amanda Clark, a director at Coursera , Inc. (NYSE:COUR), recently sold 1,562 shares of the company's common stock, according to a filing with the Securities and Exchange Commission. The shares were sold at a price of $7.16 each, amounting to a total transaction value of $11,183. Following this sale, Clark holds 73,142 shares directly. The sale was conducted under a pre-arranged trading plan adopted on June 12, 2024, as part of a Rule 10b5-1 trading plan.

In other recent news, Coursera, a notable online learning platform, has reported encouraging financial results for Q3 2024. The company disclosed a revenue increase to $176.1 million, marking a 6% rise year-over-year, and an improvement in adjusted EBITDA margins to 5.4%. Coursera's recent developments include the introduction of over 500 generative AI courses and a 19% increase in paid enterprise customers. Despite a slower growth in consumer segment and a downward revision of projected Q4 revenue, the company remains focused on long-term growth initiatives. Coursera's Q4 revenue is expected to be between $174 million and $178 million, with a full-year forecast of $690 million to $694 million. The company is also considering strategic acquisitions for double-digit growth, following a repurchase of $40 million in stock. These recent developments reflect Coursera's commitment to aligning its investments with market readiness to foster sustainable growth.

InvestingPro Insights

While Amanda Clark's recent sale of Coursera (NYSE:COUR) shares might raise eyebrows, it's crucial to consider the broader financial picture of the company. According to InvestingPro data, Coursera's market capitalization stands at $1.08 billion, with a revenue of $684.37 million over the last twelve months as of Q3 2024. The company has shown a revenue growth of 12.36% during this period, indicating a positive trajectory in its business operations.

An InvestingPro Tip reveals that management has been aggressively buying back shares, which could be seen as a vote of confidence in the company's future prospects. This action might offset concerns about insider selling and suggests that the company believes its stock is undervalued.

Another InvestingPro Tip highlights that Coursera holds more cash than debt on its balance sheet. This strong financial position provides the company with flexibility to invest in growth initiatives or weather potential economic headwinds.

It's worth noting that while Coursera was not profitable over the last twelve months, analysts predict the company will be profitable this year. This optimistic outlook is further supported by the fact that 8 analysts have revised their earnings upwards for the upcoming period, as indicated by another InvestingPro Tip.

For investors seeking a more comprehensive analysis, InvestingPro offers additional tips and insights. In fact, there are 5 more InvestingPro Tips available for Coursera, providing a deeper understanding of the company's financial health and market position.

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.