Mark Chernis Sells 4,500 Shares of 2U, Inc. (TWOU) Stock

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.

Insider Buying and Selling by Quarter for 2U (NASDAQ:TWOU)

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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.

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