Coursera (NYSE:COUR – Get Free Report) released its earnings results on Thursday. The company reported $0.09 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.01 by $0.08, Briefing.com reports. Coursera had a negative net margin of 14.35% and a negative return on equity of 13.77%. The firm had revenue of $170.30 million during the quarter, compared to the consensus estimate of $164.67 million. During the same period in the previous year, the firm earned ($0.20) earnings per share. Coursera’s revenue was up 10.8% compared to the same quarter last year. Coursera updated its FY 2024 guidance to EPS and its Q3 2024 guidance to EPS.
Coursera Trading Up 44.7 %
Shares of NYSE COUR traded up $3.31 during trading on Friday, reaching $10.72. 24,935,554 shares of the stock were exchanged, compared to its average volume of 2,341,494. The business’s 50-day moving average price is $7.29 and its 200 day moving average price is $12.16. Coursera has a twelve month low of $6.35 and a twelve month high of $21.26.
Insider Transactions at Coursera
In other news, CEO Jeffrey Nacey Maggioncalda sold 50,000 shares of the business’s stock in a transaction on Thursday, May 2nd. The shares were sold at an average price of $9.60, for a total transaction of $480,000.00. Following the transaction, the chief executive officer now directly owns 2,127,496 shares of the company’s stock, valued at $20,423,961.60. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. In related news, CEO Jeffrey Nacey Maggioncalda sold 50,000 shares of the company’s stock in a transaction on Thursday, May 2nd. The shares were sold at an average price of $9.60, for a total value of $480,000.00. Following the sale, the chief executive officer now directly owns 2,127,496 shares of the company’s stock, valued at $20,423,961.60. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Amanda Clark sold 8,093 shares of the company’s stock in a transaction on Friday, May 24th. The shares were sold at an average price of $7.72, for a total transaction of $62,477.96. Following the completion of the sale, the director now directly owns 76,266 shares in the company, valued at $588,773.52. The disclosure for this sale can be found here. Over the last three months, insiders have sold 86,192 shares of company stock valued at $797,237. Corporate insiders own 16.30% of the company’s stock.
Analysts Set New Price Targets
Get 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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