Paul A. Maeder Acquires 67,830 Shares of 2U Inc (TWOU) Stock
2U Inc (NASDAQ:TWOU) Director Paul A. Maeder bought 67,830 shares of the firm’s stock in a transaction dated Thursday, December 7th. The shares were acquired at an average price of $61.45 per share, with a total value of $4,168,153.50. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link.
2U Inc (TWOU) traded up $1.51 during mid-day trading on Monday, hitting $61.80. The company had a trading volume of 341,875 shares, compared to its average volume of 417,879. The company has a quick ratio of 3.48, a current ratio of 3.48 and a debt-to-equity ratio of 0.05. 2U Inc has a 12-month low of $29.23 and a 12-month high of $69.27.
2U (NASDAQ:TWOU) last announced its earnings results on Tuesday, November 7th. The software maker reported ($0.15) EPS for the quarter, topping the Zacks’ consensus estimate of ($0.16) by $0.01. The business had revenue of $70.25 million during the quarter, compared to the consensus estimate of $69.36 million. 2U had a negative net margin of 12.49% and a negative return on equity of 13.02%. The firm’s revenue was up 35.1% on a year-over-year basis. During the same period in the previous year, the company posted ($0.06) earnings per share. sell-side analysts anticipate that 2U Inc will post -0.6 EPS for the current fiscal year.
Hedge funds have recently modified their holdings of the company. Zurcher Kantonalbank Zurich Cantonalbank grew its stake in shares of 2U by 182.2% during the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,622 shares of the software maker’s stock worth $123,000 after acquiring an additional 1,693 shares during the last quarter. Ameritas Investment Partners Inc. grew its stake in shares of 2U by 21.4% during the second quarter. Ameritas Investment Partners Inc. now owns 3,844 shares of the software maker’s stock worth $180,000 after acquiring an additional 677 shares during the last quarter. Teacher Retirement System of Texas purchased a new stake in shares of 2U during the third quarter worth about $238,000. Advisor Group Inc. boosted its position in 2U by 41.5% in the second quarter. Advisor Group Inc. now owns 4,476 shares of the software maker’s stock valued at $210,000 after buying an additional 1,313 shares during the last quarter. Finally, Prudential Financial Inc. purchased a new stake in 2U in the second quarter valued at approximately $222,000.
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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