Coursera , Inc. (NYSE:COUR) Director Andrew Y. Ng has recently sold a portion of his company stock, according to the latest SEC filings. On September 18, 2024, Ng sold 6,221 shares of Coursera’s common stock at prices ranging from $8.00 to $8.10 per share. The total value of the shares sold was approximately $49,963, based on a weighted average sale price of $8.0315.
This transaction was conducted under a Rule 10b5-1 trading plan, which Ng had previously adopted on June 13, 2024. Rule 10b5-1 trading plans allow company insiders to sell stock at predetermined times to avoid any accusations of trading on nonpublic information. Ng’s plan appears to have been set well in advance of the actual sale date.
Following the sale, Ng still retains a substantial interest in the company, with 7,297,671 shares of Coursera’s common stock remaining in his possession. This indicates that despite the recent sale, Ng continues to have significant skin in the game when it comes to Coursera’s future.
Investors and market watchers often pay close attention to insider sales as they can provide insights into an insider’s view of the company’s value. However, such sales can occur for a variety of reasons and may not necessarily signal a lack of confidence in the company’s prospects.
Coursera, a leading online learning platform, is known for its wide range of courses and partnerships with universities and organizations worldwide. As the education technology sector continues to evolve, Coursera remains at the forefront, offering innovative solutions to learners globally.
In other recent news, Coursera Inc (NYSE:). has showcased strong performance in its recent earnings, surpassing consensus estimates. The company’s second quarter revenue rose by 11% year-over-year to $170.3 million, primarily driven by an increase in international learners and robust enrollment numbers. BofA Securities initiated coverage on Coursera with a Buy rating, while Goldman Sachs maintained a Sell rating, reducing the 12-month price target. Needham, however, maintained a Buy rating, following the company’s better-than-expected Q2 results. Coursera’s recent developments include advancements in its generative AI offerings, with over two million enrollments in its AI catalog, and the launch of a record 16 new professional certificate programs. Looking ahead, Coursera expects Q3 revenue to range between $171 million and $175 million and plans to continue expanding its Degree and Enterprise…
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