Insider Sell: Coursera Inc President & CEO Jeffrey Maggioncalda Sells 75,000 Shares
On December 26, 2023, Coursera Inc's President & CEO, Jeffrey Maggioncalda, sold 75,000 shares of the company's stock, as reported in a recent SEC Filing. The transaction was executed at an average price of $19.87 per share, resulting in a total value of $1,490,250.
Coursera Inc is an education technology company that provides a platform for online learning and instruction. It partners with universities and other organizations to offer online courses, specializations, and degrees in a variety of subjects.
Over the past year, the insider has sold a total of 1,435,001 shares of Coursera Inc and has not made any purchases of the stock. The insider transaction history for Coursera Inc shows a pattern of 105 insider sells and no insider buys over the same timeframe.
Shares of Coursera Inc were trading at $19.87 on the day of the insider's recent sale, giving the company a market cap of $3.014 billion.
The stock's price-to-GF-Value ratio stands at 1.05, indicating that Coursera Inc is Fairly Valued based on its GF Value. The GF Value is an intrinsic value estimate that considers historical trading multiples, a GuruFocus adjustment factor, and future business performance estimates.
The insider's recent sale could be of interest to investors tracking insider behaviors as an indicator of company performance and valuation. However, it is important to consider the broader context of the market and the company's financial health when interpreting insider transactions.
Investors and analysts often monitor insider sales to gain insights into a company's internal perspective. While a single insider sale may not be indicative of the company's future performance, a pattern of insider selling, as seen with Coursera Inc, could warrant further investigation.
This article, generated by GuruFocus, is designed to provide general insights and is not tailored financial advice. Our commentary is rooted in historical data and analyst projections, utilizing an impartial methodology, and is not intended to serve as specific investment guidance. It does not formulate a recommendation to purchase or divest any stock and does not consider individual investment objectives or financial circumstances. Our objective is to deliver long-term, fundamental data-driven analysis. Be aware that our analysis might not incorporate the most recent, price-sensitive company announcements or qualitative information. GuruFocus holds no position in the stocks mentioned herein.
This article first appeared on GuruFocus.
