Today it was reported that the COO of 2U Inc (TWOU), Mark Chernis, exercised options to buy 20,500 TWOU shares at $0.60 a share, for a total transaction value of $12.3K. The options were close to expired and Mark Chernis retained stocks.
This recent transaction increases Mark Chernis’ holding in the company by 61.01% to a total of $2.87 million. In addition to Mark Chernis, one other TWOU executive reported Buy trades in the last month.
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Based on 2U Inc’s latest earnings report for the quarter ending September 30, the company posted quarterly revenue of $107 million and GAAP net loss of $9.94 million. In comparison, last year the company earned revenue of $86.68 million and had a net profit of $509K. Currently, 2U Inc has an average volume of 210.5K.
Based on 10 analyst ratings, the analyst consensus is Strong Buy with an average price target of $77.60, reflecting a 49.4% upside. Nine different firms, including Barrington and BMO Capital, currently also have a Buy rating on the stock. Starting in November 2018, TWOU received 9 Buy ratings in a row.
The insider sentiment on 2U Inc has been positive according to 40 insider trades in the past three months. This sentiment is slightly higher than the average sentiment of company insiders in this sector.
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2U, Inc. provides cloud-based software-as-a-service solutions for nonprofit colleges and universities to deliver education to qualified students. The firm’s cloud-based SaaS platform solutions include online campus, an online learning platform that enables its clients to offer educational content together with instructor-led classes in a live, intimate, and engaging setting through proprietary Web-based and mobile applications; and content management system, which enables its clients to author, review and deploy asynchronous content into their online programs. Its solutions also comprise application processing portal that automates the online application process for prospective students of its client’s programs; and customer relationship management deployments, which serve as the data hub for scheduling, student acquisition, student application, faculty admissions review, enrollment and student support for each program. The company was founded by Christopher J. Paucek in April 2008 and is headquartered in Lanham, MD.
