2U, Inc. (NASDAQ:TWOU) Director Mark Chernis sold 4,500 shares of the firm’s stock in a transaction dated Wednesday, September 13th. The shares were sold at an average price of $52.90, for a total value of $238,050.00. Following the sale, the director now owns 19,825 shares in the company, valued at $1,048,742.50. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website.

Shares of 2U, Inc. (TWOU) opened at 53.43 on Monday. The stock’s market capitalization is $2.56 billion. The firm’s 50-day moving average price is $50.04 and its 200 day moving average price is $44.80. 2U, Inc. has a 12-month low of $29.23 and a 12-month high of $55.24.

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Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Lord Abbett & CO. LLC lifted its position in shares of 2U by 64.1% during 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 during the last quarter. Verition Fund Management LLC acquired a new position in shares of 2U during the 2nd quarter worth about $332,000. Ameritas Investment Partners Inc. lifted its position 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 purchasing an additional 677 shares during the last quarter. California State Teachers Retirement System lifted its position in shares of 2U by 7.4% during the 2nd quarter. California State Teachers Retirement System now owns 77,583 shares of the software maker’s stock worth $3,640,000 after purchasing an additional 5,373 shares during the last quarter. Finally, Bank of Nova Scotia acquired a new position in shares of 2U during the 2nd quarter worth about $1,441,000.

Several equities research analysts recently commented on TWOU shares. Robert W. Baird raised their target price on 2U from $49.00 to $59.00 and gave the company an “outperform” rating in a report on Tuesday, August 8th. Zacks Investment Research downgraded 2U from a “buy” rating to a “hold” rating in a report on Thursday, July 13th. BidaskClub upgraded 2U from a “buy” rating to a “strong-buy” rating in a report on Thursday, June 22nd. Credit Suisse Group raised their target price on 2U from $54.00 to $58.00 and gave the company an “outperform” rating in a report on Tuesday, August 8th. Finally, Barrington Research raised their target price on 2U to $56.00 and gave the company an “outperform” rating in a report on Tuesday, August 8th. One analyst has rated the stock with a sell rating, ten have given a buy rating and one has issued a strong buy rating to the stock. The company has a consensus rating of “Buy” and an average 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.

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

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