2U, Inc. (NASDAQ:TWOU) Director Mark Chernis sold 4,500 shares of the stock in a transaction dated Wednesday, June 14th. The stock was sold at an average price of $44.12, for a total transaction of $198,540.00. Following the sale, the director now owns 19,825 shares of the company’s stock, valued at approximately $874,679. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website.
Shares of 2U, Inc. (NASDAQ:TWOU) traded up 0.53% during midday trading on Tuesday, reaching $45.45. 59,323 shares of the company were exchanged. The company’s 50-day moving average price is $43.32 and its 200 day moving average price is $37.99. 2U, Inc. has a 52-week low of $27.49 and a 52-week high of $46.35. The stock’s market capitalization is $2.16 billion.
TRADEMARK VIOLATION WARNING: This piece of content was originally published by Stock Observer and is the sole property of of Stock Observer. If you are accessing this piece of content on another site, it was stolen and republished in violation of international copyright and trademark law. The correct version of this piece of content can be accessed at https://www.thestockobserver.com/2017/06/20/mark-chernis-sells-4500-shares-of-2u-inc-twou-stock.html.
TWOU has been the subject of several recent research reports. Zacks Investment Research upgraded shares of 2U from a “hold” rating to a “buy” rating and set a $41.00 target price for the company in a research note on Wednesday, March 1st. Needham & Company LLC increased their target price on shares of 2U from $40.00 to $43.00 and gave the stock a “buy” rating in a research note on Friday, February 24th. TheStreet upgraded shares of 2U from a “d” rating to a “c” rating in a research note on Monday, March 27th. BMO Capital Markets increased their target price on shares of 2U from $48.00 to $50.00 and gave the stock an “outperform” rating in a research note on Monday, May 15th. Finally, Credit Suisse Group reiterated an “outperform” rating and set a $54.00 target price (up previously from $43.00) on shares of 2U in a research note on Tuesday, April 4th. One investment analyst has rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and a consensus target price of $45.00.
A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. BlackRock Inc. raised its position in 2U by 66,695.5% in the first quarter. BlackRock Inc. now owns 2,320,475 shares of the software maker’s stock worth $92,031,000 after buying an additional 2,317,001 shares during the last quarter. Wellington Management Group LLP raised its position in 2U by 226.6% in the first quarter. Wellington Management Group LLP now owns 3,045,515 shares of the software maker’s stock worth $120,786,000 after buying an additional 2,112,997 shares during the last quarter. Alliancebernstein L.P. raised its position in 2U by 61.2% in the first quarter. Alliancebernstein L.P. now owns 1,900,220 shares of the software maker’s stock worth $75,363,000 after buying an additional 721,672 shares during the last quarter. Franklin Resources Inc. raised its position in 2U by 16.0% in the fourth quarter. Franklin Resources Inc. now owns 4,915,731 shares of the software maker’s stock worth $148,209,000 after buying an additional 677,982 shares during the last quarter. Finally, OppenheimerFunds Inc. purchased a new position in 2U during the first quarter worth about $9,977,000.
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.
Receive News & Ratings for 2U Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for 2U Inc. and related companies with MarketBeat.com's FREE daily email newsletter.