Coursera (NYSE:COUR – Get Free Report) issued its quarterly earnings data on Monday. The company reported $0.07 earnings per share for the quarter, beating analysts’ consensus estimates of $0.01 by $0.06, Briefing.com reports. The business had revenue of $169.10 million for the quarter, compared to analysts’ expectations of $170.43 million. Coursera had a negative net margin of 18.33% and a negative return on equity of 18.15%. The company’s revenue was up 14.6% on a year-over-year basis. During the same period in the previous year, the business earned ($0.24) earnings per share. Coursera updated its FY 2024 guidance to EPS and its Q2 2024 guidance to EPS.
Coursera Stock Down 0.8 %
COUR stock opened at $11.88 on Tuesday. Coursera has a twelve month low of $10.88 and a twelve month high of $21.26. The company has a market cap of $1.87 billion, a P/E ratio of -15.43 and a beta of 1.48. The business’s fifty day moving average is $14.06 and its 200-day moving average is $17.25.
Insider Buying and Selling at Coursera
In related news, CEO Jeffrey Nacey Maggioncalda sold 25,000 shares of Coursera stock in a transaction that occurred on Friday, February 2nd. The shares were sold at an average price of $20.14, for a total transaction of $503,500.00. Following the transaction, the chief executive officer now owns 2,551,930 shares of the company’s stock, valued at approximately $51,395,870.20. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other Coursera news, CEO Jeffrey Nacey Maggioncalda sold 25,000 shares of Coursera stock in a transaction dated Friday, February 2nd. The stock was sold at an average price of $20.14, for a total transaction of $503,500.00. Following the transaction, the chief executive officer now directly owns 2,551,930 shares in the company, valued at $51,395,870.20. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, CAO Michele M. Meyers sold 2,540 shares of the firm’s stock in a transaction dated Thursday, February 15th. The stock was sold at an average price of $16.86, for a total value of $42,824.40. Following the sale, the chief accounting officer now directly owns 206,059 shares in the company, valued at approximately $3,474,154.74. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 603,932 shares of company stock valued at $9,051,814. 15.90% of the stock is currently owned by company insiders.
Wall Street Analyst Weigh In
View Our Latest Stock Report on COUR
About Coursera
Coursera, Inc operates an online educational content platform in the United States, Europe, Africa, the Asia Pacific, the Middle East, and internationally. It operates in three segments: Consumer, Enterprise, and Degrees. The company offers guided projects, courses, and specializations, as well as online degrees; and certificates for entry-level professional, non-entry level professional, university, and MasterTrack.
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