2U Inc (NASDAQ:TWOU) insider Matthew J. Norden sold 1,650 shares of the company’s stock in a transaction that occurred on Friday, May 10th. The shares were sold at an average price of $39.31, for a total value of $64,861.50. Following the completion of the transaction, the insider now directly owns 14,142 shares in the company, valued at $555,922.02. The sale was disclosed in a filing with the SEC, which can be accessed through this link.
Shares of NASDAQ TWOU opened at $39.72 on Wednesday. 2U Inc has a twelve month low of $38.65 and a twelve month high of $98.00. The company has a quick ratio of 5.11, a current ratio of 5.11 and a debt-to-equity ratio of 0.08. The company has a market capitalization of $2.27 billion, a PE ratio of -63.05 and a beta of 0.64.
2U (NASDAQ:TWOU) last issued its quarterly earnings results on Tuesday, May 7th. The software maker reported ($0.15) earnings per share for the quarter, beating the Zacks’ consensus estimate of ($0.18) by $0.03. 2U had a negative return on equity of 5.85% and a negative net margin of 10.19%. The business had revenue of $122.20 million during the quarter, compared to the consensus estimate of $121.77 million. During the same period in the previous year, the business earned ($0.12) EPS. The business’s quarterly revenue was up 32.4% on a year-over-year basis. On average, equities analysts forecast that 2U Inc will post -1.23 EPS for the current year.
Several hedge funds and other institutional investors have recently modified their holdings of TWOU. Tompkins Financial Corp bought a new position in 2U during the 4th quarter worth $26,000. Rehmann Capital Advisory Group bought a new position in 2U during the 4th quarter worth $34,000. Icon Wealth Partners LLC bought a new position in 2U during the 1st quarter worth $55,000. Captrust Financial Advisors grew its stake in 2U by 352.8% during the 4th quarter. Captrust Financial Advisors now owns 1,046 shares of the software maker’s stock worth $52,000 after buying an additional 815 shares during the last quarter. Finally, FUKOKU MUTUAL LIFE INSURANCE Co bought a new position in 2U during the 1st quarter worth $85,000.
WARNING: This piece was first published by WKRB News and is the property of of WKRB News. If you are reading this piece on another domain, it was copied illegally and reposted in violation of United States & international copyright and trademark laws. The legal version of this piece can be accessed at https://www.wkrb13.com/2019/05/15/insider-selling-2u-inc-twou-insider-sells-1650-shares-of-stock.html.
2U Company Profile
2U, Inc operates as an education technology company in the United States, Hong Kong, South Africa, and the United Kingdom. The company operates through two segments, Graduate Program Segment and Short Course Segment. It offers front-end technology and services, including online learning platform, student and faculty and immersion support, accessibility, admissions application advising, in-program student field placements, and faculty recruiting.
See Also: What is the QQQ ETF?
Receive News & Ratings for 2U Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for 2U and related companies with MarketBeat.com's FREE daily email newsletter.