2U, Inc. (TWOU) Director Sells $238,050.00 in Stock
2U, Inc. (NASDAQ:TWOU) Director Mark Chernis sold 4,500 shares of the business’s stock in a transaction dated Wednesday, September 13th. The stock was sold at an average price of $52.90, for a total transaction of $238,050.00. Following the completion of the transaction, the director now directly owns 19,825 shares in the company, valued at $1,048,742.50. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink.
2U, Inc. (NASDAQ TWOU) traded up 0.98% during midday trading on Friday, reaching $53.43. 789,496 shares of the company’s stock traded hands. The stock’s 50 day moving average price is $49.98 and its 200-day moving average price is $44.68. The stock’s market cap is $2.56 billion. 2U, Inc. has a one year low of $29.23 and a one year high of $55.24.
A number of brokerages recently weighed in on TWOU. Credit Suisse Group boosted their price target on shares of 2U from $54.00 to $58.00 and gave the stock an “outperform” rating in a report on Tuesday, August 8th. Barrington Research boosted their price target on shares of 2U to $56.00 and gave the stock an “outperform” rating in a report on Tuesday, August 8th. BidaskClub downgraded shares of 2U from a “strong-buy” rating to a “buy” rating in a report on Friday, August 11th. BMO Capital Markets reissued an “outperform” rating and issued a $56.00 price target (up from $54.00) on shares of 2U in a report on Thursday, August 10th. Finally, Zacks Investment Research downgraded shares of 2U from a “hold” rating to a “sell” rating in a report on Saturday, August 12th. One analyst has rated the stock with a sell rating, ten have assigned a buy rating and one has assigned a strong buy rating to the company. The stock has a consensus rating of “Buy” and a consensus target price of $55.27.
Large investors have recently made changes to their positions in the business. Nationwide Fund Advisors boosted its position in 2U by 74.5% in the first quarter. Nationwide Fund Advisors now owns 39,968 shares of the software maker’s stock worth $1,585,000 after purchasing an additional 17,066 shares during the last quarter. Vanguard Group Inc. boosted its position in 2U by 3.3% in the first quarter. Vanguard Group Inc. now owns 3,305,840 shares of the software maker’s stock worth $131,109,000 after purchasing an additional 104,328 shares during the last quarter. OppenheimerFunds Inc. purchased a new position in 2U in the first quarter worth about $9,977,000. Bank of New York Mellon Corp boosted its position in 2U by 105.6% in the first quarter. Bank of New York Mellon Corp now owns 474,297 shares of the software maker’s stock worth $18,810,000 after purchasing an additional 243,634 shares during the last quarter. Finally, Cortina Asset Management LLC purchased a new position in 2U in the first quarter worth about $2,342,000.
2U Company Profile
2U, Inc is a provider of an integrated solution consisting of cloud-based software-as-a-service (SaaS) combined with technology-enabled services (together, the Platform) that allows colleges and universities to deliver online degree programs. The Company’s SaaS technology consists of a learning environment (Online Campus), which acts as the hub for all student and faculty academic and social interaction, and a suite of integrated applications, which the Company uses to launch, operate and support the Company’s clients’ programs.
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