Insider Selling: 2U Inc (TWOU) Insider Sells 1,650 Shares of Stock

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.

A number of equities analysts have issued reports on TWOU shares. Needham & Company LLC reaffirmed a “buy” rating and issued a $85.00 target price (up from $80.00) on shares of 2U in a research report on Tuesday, February 26th. BidaskClub upgraded 2U from a “hold” rating to a “buy” rating in a report on Wednesday, January 30th. Berenberg Bank started coverage on 2U in a report on Wednesday, March 6th. They issued a “buy” rating and a $102.00 price target for the company. DA Davidson boosted their price target on 2U to $70.00 and gave the company a “buy” rating in a report on Wednesday, May 8th. Finally, ValuEngine downgraded 2U from a “buy” rating to a “hold” rating in a report on Wednesday, May 8th. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and seven have issued a buy rating to the company. The stock currently has an average rating of “Hold” and an average target price of $75.09.

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.

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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.

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Insider Buying and Selling by Quarter for 2U (NASDAQ:TWOU)

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