2U Inc (NASDAQ:TWOU) Director Mark Chernis sold 4,500 shares of 2U stock in a transaction that occurred on Wednesday, December 13th. The shares were sold at an average price of $63.58, for a total transaction of $286,110.00. Following the transaction, the director now owns 19,825 shares of the company’s stock, valued at $1,260,473.50. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink.
2U Inc (NASDAQ TWOU) opened at $65.51 on Friday. 2U Inc has a 1-year low of $29.23 and a 1-year high of $69.27. The company has a debt-to-equity ratio of 0.05, a current ratio of 3.48 and a quick ratio of 3.48.
2U (NASDAQ:TWOU) last announced its quarterly earnings data on Tuesday, November 7th. The software maker reported ($0.15) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.16) by $0.01. 2U had a negative net margin of 12.49% and a negative return on equity of 13.02%. The company had revenue of $70.25 million during the quarter, compared to analyst estimates of $69.36 million. During the same period in the previous year, the business earned ($0.06) EPS. The firm’s revenue for the quarter was up 35.1% on a year-over-year basis. sell-side analysts expect that 2U Inc will post -0.6 EPS for the current fiscal year.
Hedge funds and other institutional investors have recently made changes to their positions in the stock. Suntrust Banks Inc. raised its stake in 2U by 1.2% during the 2nd quarter. Suntrust Banks Inc. now owns 8,407 shares of the software maker’s stock valued at $394,000 after buying an additional 100 shares during the last quarter. Ameritas Investment Partners Inc. raised its stake in 2U by 21.4% during the 2nd quarter. Ameritas Investment Partners Inc. now owns 3,844 shares of the software maker’s stock valued at $180,000 after buying an additional 677 shares during the last quarter. Blair William & Co. IL raised its stake in 2U by 6.0% during the 2nd quarter. Blair William & Co. IL now owns 16,702 shares of the software maker’s stock valued at $784,000 after buying an additional 948 shares during the last quarter. Legal & General Group Plc raised its stake in 2U by 7.0% during the 3rd quarter. Legal & General Group Plc now owns 17,392 shares of the software maker’s stock valued at $970,000 after buying an additional 1,133 shares during the last quarter. Finally, California Public Employees Retirement System raised its stake in 2U by 1.8% during the 3rd quarter. California Public Employees Retirement System now owns 72,100 shares of the software maker’s stock valued at $4,040,000 after buying an additional 1,300 shares during the last quarter.
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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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