Coursera, Inc. (NYSE:COUR) director Andrew Y. Ng has recently engaged in significant trading activity, according to the latest SEC filings. On April 16 and 17, Ng sold a total of 75,000 shares of Coursera's common stock, with the transactions valued at over $900,000.
The stock sales were executed under a pre-arranged trading plan, known as a Rule 10b5-1 plan, which was adopted by Ng on February 24, 2023. These plans allow company insiders to sell shares at predetermined times to avoid accusations of trading on non-public information.
On April 16, Ng sold 50,000 shares at a weighted average price of $12.0898, with individual transactions ranging from $11.975 to $12.31. The following day, an additional 25,000 shares were sold at an average price of $11.9536, with prices ranging between $11.82 and $12.18. The combined sales from these two days amounted to approximately $903,330.
In addition to the sales, Ng also acquired 50,000 shares of Coursera's common stock on April 16 through the exercise of options at a price of $1.68 per share, which totaled $84,000. Following these transactions, Ng's ownership in the company stands at 7,033,074 shares of common stock.
The SEC filing also notes that Ng has options for purchasing additional shares, part of an initial grant of 1,420,000 shares which vests monthly, contingent on continued employment with the company.
Investors often monitor insider trading activity, such as purchases and sales of company stock by executives and directors, for insights into the leadership's perspective on the company's current valuation and future prospects.
InvestingPro Insights
As Coursera, Inc. (NYSE:COUR) navigates through a period of significant insider trading activity, investors are keenly observing the company's financial health and stock performance. With director Andrew Y. Ng's recent transactions in focus, it's pertinent to consider the broader context provided by InvestingPro data and insights.
Despite the recent insider sales, Coursera holds a stronger liquidity position, with more cash than debt on its balance sheet, which is a reassuring sign for investors considering the company's financial stability. Additionally, analysts are optimistic about Coursera's future, predicting net income growth this year, as evidenced by seven analysts revising their earnings estimates upwards for the upcoming period.
Looking at the real-time metrics, Coursera's market capitalization stands at approximately $1.87 billion, reflecting its position in the market. The company has experienced significant revenue growth over the last twelve months, with a 21.39% increase, showcasing its expanding business operations. However, it's important to note that the company's P/E ratio is currently negative at -15.30, indicating that it has not been profitable over the last twelve months.
Investors considering Coursera's stock should also be aware of the recent price trends. The stock has experienced a notable decline over the past week, with a price total return of -9.76%. This short-term volatility is compounded by a more extended downward trend over the last three months, with a price total return of -39.58%. Despite these declines, the InvestingPro platform offers additional insights, with more tips available to help investors make informed decisions.
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