2U, Inc. (TWOU) Director John M. Larson Sells 150,000 Shares
2U, Inc. (NASDAQ:TWOU) Director John M. Larson sold 150,000 shares of the firm’s stock in a transaction dated Monday, September 11th. The shares were sold at an average price of $46.79, for a total value of $7,018,500.00. Following the completion of the sale, the director now directly owns 16,065 shares in the company, valued at $751,681.35. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.
2U, Inc. (TWOU) traded down 0.99% during trading on Tuesday, reaching $53.02. The company’s stock had a trading volume of 30,104 shares. 2U, Inc. has a 52-week low of $29.23 and a 52-week high of $55.24. The company’s market cap is $2.54 billion. The stock has a 50-day moving average price of $49.67 and a 200 day moving average price of $44.37.
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Several institutional investors and hedge funds have recently bought and sold shares of TWOU. BlackRock Inc. boosted its holdings in shares of 2U by 66,695.5% in the 1st quarter. BlackRock Inc. now owns 2,320,475 shares of the software maker’s stock worth $92,031,000 after purchasing an additional 2,317,001 shares in the last quarter. Wellington Management Group LLP boosted its holdings in shares of 2U by 226.6% in the 1st quarter. Wellington Management Group LLP now owns 3,045,515 shares of the software maker’s stock worth $120,786,000 after purchasing an additional 2,112,997 shares in the last quarter. Alliancebernstein L.P. boosted its holdings in shares of 2U by 61.2% in the 1st quarter. Alliancebernstein L.P. now owns 1,900,220 shares of the software maker’s stock worth $75,363,000 after purchasing an additional 721,672 shares in the last quarter. Lord Abbett & CO. LLC boosted its holdings in shares of 2U by 64.1% in the 2nd quarter. Lord Abbett & CO. LLC now owns 1,378,603 shares of the software maker’s stock worth $64,684,000 after purchasing an additional 538,487 shares in the last quarter. Finally, Bamco Inc. NY purchased a new position in shares of 2U in the 2nd quarter worth about $24,989,000.
Several analysts recently weighed in on the company. Compass Point reaffirmed a “buy” rating and issued a $62.00 price objective (up from $56.00) on shares of 2U in a research note on Monday. Credit Suisse Group started coverage on 2U in a research note on Friday. They issued an “outperform” rating and a $58.00 price objective on the stock. BidaskClub upgraded 2U from a “buy” rating to a “strong-buy” rating in a research report on Wednesday, August 23rd. Zacks Investment Research downgraded 2U from a “hold” rating to a “sell” rating in a research report on Saturday, August 12th. Finally, BMO Capital Markets reiterated an “outperform” rating and issued a $56.00 target price (up from $54.00) on shares of 2U in a research report on Thursday, August 10th. One analyst has rated the stock with a sell rating, ten have assigned a buy rating and one has issued a strong buy rating to the company. The company currently has an average rating of “Buy” and a consensus price target of $55.27.
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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