Coursera, Inc. (NYSE:COUR) director Andrew Y. Ng has recently engaged in transactions involving the company's stock, according to the latest filings with the Securities and Exchange Commission. On May 21 and 22, Ng sold a total of 22,851 shares of Coursera common stock, resulting in proceeds exceeding $186,000.
The sales were executed under a Rule 10b5-1 trading plan that Ng had previously established. On May 21, Ng sold 3,981 shares at weighted average prices ranging from $8.52 to $8.595, while on May 22, another 18,870 shares were sold at prices between $8.005 and $8.25. These transactions reflect a mix of prices within the specified ranges, highlighting the variability of trading prices during the sale period.
Additionally, Ng acquired 3,981 shares through the exercise of stock options on May 21, with each share priced at $1.68, amounting to a total transaction value of $6,688. This exercise of options is part of a compensation structure that often includes stock-based incentives for directors and executives.
Furthermore, the filings indicated that on May 22, Andrew Y. Ng received 18,669 shares in the form of restricted stock units (RSUs), which were granted automatically following Coursera's 2024 Annual Meeting of Stockholders. These RSUs are scheduled to fully vest on the earlier of May 22, 2025, or the date of Coursera's 2025 annual meeting, provided Ng continues his service with the company until the vesting date.
Following these transactions, Ng's direct ownership in Coursera stock has been updated to reflect the recent sales and acquisitions. Investors and analysts often monitor insider trading activity for insights into executives' perspectives on their company's stock performance and valuation.
InvestingPro Insights
Amidst the recent insider trading activity, Coursera, Inc. (NYSE:COUR) has been subject to various market forces, as reflected in its real-time financial metrics. With a market capitalization of $1.23 billion, Coursera's stock movements have been notably volatile, echoing the recent insider sales and acquisitions by director Andrew Y. Ng.
An InvestingPro Tip worth noting is that management has been actively engaging in share buybacks, which can signal confidence in the company's future and potentially support the stock price. Additionally, Coursera holds more cash than debt on its balance sheet, providing the company with a solid liquidity position to navigate through uncertain market conditions.
From a financial standpoint, Coursera's revenue has shown an impressive growth of 19.28% over the last twelve months as of Q1 2024. Despite not being profitable over the same period, with a P/E ratio of -11.35, analysts predict that the company will turn profitable this year. This could be a pivotal moment for investors looking at the long-term potential of Coursera's business model.
For investors seeking further insights, there are 15 additional InvestingPro Tips available, which can provide a deeper understanding of Coursera's stock performance and potential investment opportunities. Use coupon code PRONEWS24 to get an additional 10% off a yearly or biyearly Pro and Pro+ subscription, and explore these tips that could guide your investment decisions.
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