Insider Selling: 2U Inc (TWOU) CEO Sells 75,000 Shares of Stock
2U Inc (NASDAQ:TWOU) CEO Christopher J. Paucek sold 75,000 shares of the company’s stock in a transaction that occurred on Monday, September 10th. The shares were sold at an average price of $84.42, for a total transaction of $6,331,500.00. Following the completion of the sale, the chief executive officer now directly owns 605,191 shares of the company’s stock, valued at approximately $51,090,224.22. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link.
Shares of 2U stock traded down $2.15 on Wednesday, hitting $84.00. The company had a trading volume of 348,600 shares, compared to its average volume of 592,351. The stock has a market capitalization of $4.83 billion, a PE ratio of -159.44 and a beta of -0.04. 2U Inc has a twelve month low of $51.54 and a twelve month high of $98.58. The company has a quick ratio of 5.71, a current ratio of 5.71 and a debt-to-equity ratio of 0.04.
2U (NASDAQ:TWOU) last released its quarterly earnings results on Thursday, August 2nd. The software maker reported ($0.19) earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.40) by $0.21. The company had revenue of $97.40 million during the quarter, compared to analysts’ expectations of $95.84 million. 2U had a negative net margin of 13.69% and a negative return on equity of 9.91%. The business’s quarterly revenue was up 49.8% compared to the same quarter last year. During the same quarter in the prior year, the company earned ($0.11) earnings per share. equities analysts anticipate that 2U Inc will post -0.7 EPS for the current fiscal year.
Several institutional investors have recently added to or reduced their stakes in TWOU. Millennium Management LLC boosted its holdings in shares of 2U by 1,769.5% in the second quarter. Millennium Management LLC now owns 334,639 shares of the software maker’s stock valued at $27,962,000 after buying an additional 316,739 shares during the period. First Trust Advisors LP boosted its holdings in shares of 2U by 9.5% in the second quarter. First Trust Advisors LP now owns 1,540,321 shares of the software maker’s stock valued at $128,709,000 after buying an additional 133,393 shares during the period. Paloma Partners Management Co acquired a new position in shares of 2U in the second quarter valued at approximately $10,949,000. Zevenbergen Capital Investments LLC boosted its holdings in shares of 2U by 11.7% in the second quarter. Zevenbergen Capital Investments LLC now owns 1,097,695 shares of the software maker’s stock valued at $91,723,000 after buying an additional 115,020 shares during the period. Finally, Cubist Systematic Strategies LLC acquired a new position in shares of 2U in the second quarter valued at approximately $7,563,000.
2U Company Profile
2U, Inc operates as an education technology company in the United States, Hong Kong, South Africa, and the United Kingdom. The company operates through two segments, Graduate Program Segment and Short Course Segment. It offers front-end technology and services, including online learning platform, student and faculty and immersion support, accessibility, admissions application advising, in-program student field placements, and faculty recruiting.
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