Coursera director Andrew Ng sells shares worth $207,519

Published 20/02/2025, 01:36
Coursera director Andrew Ng sells shares worth $207,519

Andrew Ng, a director at Coursera , Inc. (NYSE:COUR), has recently sold a portion of his holdings in the online education company. According to a recent SEC filing, Ng sold a total of 25,110 shares over two days, February 18 and 19, 2025. The company, currently valued at $1.3 billion, shows promising signs according to InvestingPro analysis, with a "GOOD" overall financial health rating. The transactions were executed under a Rule 10b5-1 trading plan, which was adopted on June 13, 2024.

The sales generated a total of $207,519, with shares sold at prices ranging from $8.2627 to $8.6525. Following these transactions, Ng retains ownership of 7,221,561 shares of Coursera stock. These sales were part of a pre-established trading plan and were conducted at a weighted average price of $8.6525 for the initial batch of 110 shares and $8.2627 for the subsequent 25,000 shares.

In other recent news, Coursera Inc. reported impressive financial results for the fourth quarter of 2024, surpassing analysts’ expectations. The company achieved an earnings per share of $0.08, doubling the forecasted $0.04, and reported revenue of $179.2 million, exceeding the anticipated $176.49 million. Coursera’s full-year revenue reached $695 million, marking a 9% increase from the previous year. Despite these positive outcomes, Coursera’s stock experienced a notable decline during regular trading hours, although it slightly recovered after hours.

In terms of strategic developments, Coursera launched new AI-driven educational products and expanded its global reach, which may influence future growth. Analyst firm William Blair noted some weaknesses in Coursera’s enterprise segment, specifically in government workforce development, but highlighted strong results in North American business AI upskilling. The company is expected to face headwinds in its Degrees segment but plans to focus on expanding its Consumer and Enterprise segments.

Coursera’s leadership transition is also noteworthy, with Greg Hart set to take over as CEO, bringing over 25 years of experience in technology-driven businesses. The company remains committed to improving its EBITDA margins and is optimistic about the role of AI in shaping the future of learning. Looking ahead, Coursera projects Q1 2025 revenue between $173 million and $177 million, indicating continued top-line growth.

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