Fubotv earnings beat by $0.10, revenue topped estimates
Andrew Ng, a director at Coursera, Inc. (NYSE:COUR), a $1.33 billion market cap education technology company, has sold shares of the company's common stock worth $227,435, according to a recent SEC filing. According to InvestingPro analysis, the stock appears undervalued despite falling 58% over the past year. The transactions took place over two days, with a sale of 1,000 shares on December 17 at a weighted average price of $8.78, and a larger sale of 25,000 shares on December 18 at a weighted average price of $8.75. These sales were conducted under a Rule 10b5-1 trading plan that Ng adopted in June 2024. Following these transactions, Ng retains ownership of 7,271,671 shares in the company. Notably, the stock has shown strong momentum with a 31.8% gain over the past six months. Get deeper insights into insider trading patterns and access 8 additional key ProTips with InvestingPro.
In other recent news, Coursera reported a 6% year-over-year increase in Q3 2024 revenue, reaching $176.1 million, and an improvement in adjusted EBITDA margins to 5.4%. As part of its strategic refocus, the online learning platform introduced over 500 generative AI courses and reported a 19% increase in paid enterprise customers. JPMorgan initiated coverage on Coursera with a Neutral rating, highlighting its status as a leading provider in online education and its potential in the General Artificial Intelligence (GenAI) market. The firm projects Coursera's revenue to grow at a compound annual growth rate (CAGR) of over 8% from 2023 to 2026 and anticipates a 9.2% adjusted EBITDA margin by 2026. Despite facing some growth headwinds, Coursera has a positive outlook, projecting Q4 revenue between $174 million and $178 million, and a full-year forecast of $690 million to $694 million. The company has also repurchased $40 million in stock and is exploring strategic acquisitions for double-digit growth. These developments reflect Coursera's commitment to adapt to evolving educational demands and align its offerings with market trends.
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