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The filed complaint alleges that Coursera, Inc. made materially false and/or misleading statements and/or failed to disclose that: On April 29, 2024, Coursera reported 1Q 2024 financial results that missed revenue estimates and then lowered its full-year guidance. Management attributed this decrease to “demand softening” in North America and “delays in a new content launch.” Analysts commenting on the issue mention the failure of Coursera’s artificial intelligence (AI) products to drive stronger financial results. Following this news, COUR’s stock price fell by $1.67 per share, or approximately 14% to close at $10.22 per share.
In order to be eligible to join the COUR class action lawsuit, you must have incurred a loss on shares of Coursera, Inc. purchased during the class period listed above.
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