2U Inc (NASDAQ:TWOU) CTO James Kenigsberg sold 33,900 shares of 2U stock in a transaction dated Friday, July 31st. The stock was sold at an average price of $47.00, for a total value of $1,593,300.00. Following the completion of the transaction, the chief technology officer now owns 120,921 shares in the company, valued at $5,683,287. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website.

James Kenigsberg also recently made the following trade(s):

  • On Friday, June 12th, James Kenigsberg sold 33,000 shares of 2U stock. The stock was sold at an average price of $32.87, for a total value of $1,084,710.00.

NASDAQ TWOU opened at $47.10 on Friday. The company has a current ratio of 1.35, a quick ratio of 1.35 and a debt-to-equity ratio of 0.48. The stock’s 50 day moving average is $39.01 and its two-hundred day moving average is $28.63. The company has a market capitalization of $3.01 billion, a price-to-earnings ratio of -10.88 and a beta of 0.78. 2U Inc has a 1-year low of $11.37 and a 1-year high of $48.23.

2U (NASDAQ:TWOU) last released its quarterly earnings data on Thursday, July 30th. The software maker reported ($0.34) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.75) by $0.41. The company had revenue of $182.69 million for the quarter, compared to the consensus estimate of $175.12 million. 2U had a negative return on equity of 19.90% and a negative net margin of 43.60%. On average, analysts predict that 2U Inc will post -2.5 earnings per share for the current year.

A number of research firms have recently commented on TWOU. Citigroup lifted their price objective on 2U from $28.00 to $50.00 and gave the stock a “buy” rating in a research note on Tuesday, June 30th. Berenberg Bank raised 2U from a “hold” rating to a “buy” rating and set a $30.00 target price on the stock in a research report on Tuesday, May 5th. KeyCorp began coverage on 2U in a research report on Monday, June 29th. They set a “sector weight” rating on the stock. Jefferies Financial Group began coverage on 2U in a research report on Thursday, July 16th. They set a “buy” rating and a $50.00 target price on the stock. Finally, Needham & Company LLC lifted their target price on 2U from $44.00 to $50.00 and gave the stock a “buy” rating in a research report on Friday. Four investment analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has assigned a strong buy rating to the stock. The stock has an average rating of “Buy” and an average target price of $39.50.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in TWOU. Norges Bank acquired a new stake in 2U during the fourth quarter valued at approximately $19,968,000. Nikko Asset Management Americas Inc. boosted its holdings in 2U by 19.7% during the first quarter. Nikko Asset Management Americas Inc. now owns 5,005,788 shares of the software maker’s stock valued at $106,223,000 after purchasing an additional 824,595 shares in the last quarter. Sumitomo Mitsui Trust Holdings Inc. boosted its holdings in shares of 2U by 19.7% in the 1st quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 5,005,788 shares of the software maker’s stock worth $106,223,000 after acquiring an additional 824,595 shares in the last quarter. First Trust Advisors LP boosted its holdings in shares of 2U by 27.6% in the 1st quarter. First Trust Advisors LP now owns 3,774,071 shares of the software maker’s stock worth $80,086,000 after acquiring an additional 817,173 shares in the last quarter. Finally, Frontier Capital Management Co. LLC boosted its holdings in shares of 2U by 99.0% in the 2nd quarter. Frontier Capital Management Co. LLC now owns 997,252 shares of the software maker’s stock worth $37,856,000 after acquiring an additional 496,125 shares in the last quarter.

About 2U

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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