In a notable development for the education technology sector, Michele M. Meyers, the Chief Accounting Officer of Coursera, Inc. (NYSE:COUR), recently executed a significant sale of company stock, a transaction that has garnered attention among market observers and stakeholders.
The meticulously detailed filing with the Securities & Exchange Commission revealed that Ms. Meyers divested a total of 12,500 shares. This substantial block of stock was sold on Friday, July 25th, at an average per-share price of $11.60, culminating in a total transaction value of $145,000.00.
This particular transaction represents a 4.70% reduction in Ms. Meyers’ direct ownership stake in the company. Following the completion of the sale, her remaining holdings amount to 253,351 shares, which are currently valued at approximately $2,938,871.60, providing ongoing insight into executive confidence.
From a broader market perspective, Coursera’s stock has experienced fluctuating movements. On the day preceding the disclosure, shares opened at $11.94. The company currently commands a market capitalization of $1.93 billion, alongside a PE ratio of -36.18 and a beta of 1.36, indicating its volatility relative to the overall market. The stock has traded between a 1-year low of $5.76 and a 1-year high of $13.56, with its 50-day and 200-day simple moving averages standing at $8.92 and $8.22 respectively.
Coursera’s recent financial performance, as reported on Thursday, July 24th, further illuminates its operational trajectory. The company successfully surpassed analyst expectations, reporting earnings per share (EPS) of $0.12, outperforming the consensus estimate of $0.09 by a margin of $0.03. Furthermore, the business recorded revenues of $187.10 million for the quarter, exceeding analysts’ projections of $180.52 million.
Despite the strong revenue performance, Coursera navigated a negative net margin of 7.05% and a negative return on equity of 5.22% during the quarter. However, the company demonstrated robust growth, with its quarterly revenue increasing by 9.9% on a year-over-year basis, an improvement from the $0.09 EPS earned in the same quarter of the prior year.
Looking ahead, sell-side analysts collectively project that Coursera, Inc. will report a negative earnings per share of -0.28 for the current fiscal year, a figure that investors will closely monitor in upcoming reports. This projection factors into the evolving narrative around the company’s profitability path.
The landscape of institutional investment in Coursera also reveals active repositioning. Several prominent hedge funds have either augmented or trimmed their stakes in the company. Noteworthy adjustments include MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increasing its holdings by 1.8%, CWM LLC raising its position by 13.7%, and State of Wyoming significantly boosting its stake by 85.9%. Hsbc Holdings PLC and QRG Capital Management Inc. also saw increases of 1.3% and 24.1% respectively. Overall, institutional investors and hedge funds collectively hold a substantial 89.55% of Coursera’s stock, underscoring the high level of professional interest in the company.
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