Two 59%+ winners, four above 25% in Aug – How this AI model keeps picking winners
The shares were sold at a weighted average price of $8.6664, totaling approximately $216,660. Following this sale, Ng retains ownership of 7,246,671 shares. The sale was part of multiple transactions at prices ranging from $8.565 to $8.735 per share. The company maintains strong financial health with a current ratio of 2.61 and negligible debt levels. Get comprehensive insights and additional ProTips with a subscription to InvestingPro. The company maintains strong financial health with a current ratio of 2.61 and negligible debt levels. Get comprehensive insights and additional ProTips with a subscription to InvestingPro. The shares were sold at a weighted average price of $8.6664, totaling approximately $216,660. Following this sale, Ng retains ownership of 7,246,671 shares. The sale was part of multiple transactions at prices ranging from $8.565 to $8.735 per share.
In other recent news, Coursera, the online learning platform, reported a 6% year-over-year increase in revenue to $176.1 million for Q3 2024, with an improvement in adjusted EBITDA margins to 5.4%. The company introduced over 500 generative AI courses and noted a 19% increase in paid enterprise customers. Despite a slowdown in consumer segment growth, Coursera projects Q4 revenue between $174 million and $178 million, and a full-year forecast of $690 million to $694 million.
JPMorgan initiated coverage on Coursera with a Neutral rating, highlighting Coursera's status as a leading provider in the online education sector. The firm projects Coursera's revenue to grow at a compound annual growth rate (CAGR) of over 8% from 2023 to 2026. However, the firm also noted that Coursera faces growth headwinds and is waiting for signs of improved revenue trends.
These recent developments underscore Coursera's strategic refocus on growth areas such as consumer credentials, business skilling, and campus partnerships, reflected by a 10% workforce reduction. The company also repurchased $40 million in stock and is exploring strategic acquisitions for double-digit growth.
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