2U, Inc. (TWOU) CMO Harsha Mokkarala Sells 22,658 Shares
2U, Inc. (NASDAQ:TWOU) CMO Harsha Mokkarala sold 22,658 shares of the firm’s stock in a transaction dated Friday, November 10th. The shares were sold at an average price of $63.25, for a total transaction of $1,433,118.50. Following the completion of the transaction, the chief marketing officer now directly owns 47,869 shares in the company, valued at $3,027,714.25. The sale was disclosed in a document filed with the SEC, which is available at this link.
2U, Inc. (TWOU) opened at $63.72 on Tuesday. The company has a quick ratio of 3.48, a current ratio of 3.48 and a debt-to-equity ratio of 0.05. 2U, Inc. has a 12 month low of $29.23 and a 12 month high of $65.90.
2U (NASDAQ:TWOU) last released its earnings results on Tuesday, November 7th. The software maker reported ($0.15) earnings per share for the quarter, topping the Zacks’ consensus estimate 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 business had revenue of $70.25 million for the quarter, compared to analyst estimates of $69.36 million. During the same period last year, the company posted ($0.06) EPS. The business’s revenue was up 35.1% on a year-over-year basis. research analysts expect that 2U, Inc. will post -0.62 EPS for the current year.
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A number of brokerages recently weighed in on TWOU. Robert W. Baird raised their price target on shares of 2U from $49.00 to $59.00 and gave the company an “outperform” rating in a research note on Tuesday, August 8th. Needham & Company LLC raised their price target on shares of 2U from $66.00 to $72.00 and gave the company a “buy” rating in a research note on Wednesday, November 8th. BMO Capital Markets raised their price target on shares of 2U from $68.00 to $70.00 and gave the company an “outperform” rating in a research note on Wednesday, November 8th. BidaskClub lowered shares of 2U from a “strong-buy” rating to a “buy” rating in a research note on Friday, August 11th. Finally, Credit Suisse Group reaffirmed an “outperform” rating and issued a $70.00 price target (up from $64.00) on shares of 2U in a research note on Wednesday, November 8th. One research analyst has rated the stock with a hold rating, ten have given a buy rating and one has given a strong buy rating to the company’s stock. 2U currently has a consensus rating of “Buy” and an average target price of $62.73.
Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Zurcher Kantonalbank Zurich Cantonalbank increased its holdings in shares of 2U by 182.2% during the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,622 shares of the software maker’s stock worth $123,000 after buying an additional 1,693 shares during the last quarter. Ameritas Investment Partners Inc. increased its holdings in shares of 2U by 21.4% during the 2nd quarter. Ameritas Investment Partners Inc. now owns 3,844 shares of the software maker’s stock worth $180,000 after buying an additional 677 shares during the last quarter. Rehmann Capital Advisory Group acquired a new stake in shares of 2U during the 2nd quarter worth approximately $204,000. Principal Financial Group Inc. acquired a new stake in shares of 2U during the 1st quarter worth approximately $208,000. Finally, Advisor Group Inc. increased its holdings in shares of 2U by 41.5% during the 2nd quarter. Advisor Group Inc. now owns 4,476 shares of the software maker’s stock worth $210,000 after buying an additional 1,313 shares during the last quarter. 98.31% of the stock is currently owned by institutional investors and hedge funds.
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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