Today it was reported that the CTO of 2U Inc (NASDAQ: TWOU), James Kenigsberg, exercised options to buy 7,200 TWOU shares at $0.60 a share, for a total transaction value of $4,320.
Following this transaction James Kenigsberg’s holding in the company was increased by 16.67% to a total of $4.31 million. In addition to James Kenigsberg, 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 June 30, the company posted quarterly revenue of $97.42 million and GAAP net loss of $18.35 million. In comparison, last year the company earned revenue of $65 million and had a GAAP net loss of $11.75 million. Currently, 2U Inc has an average volume of 460.4K.
Based on 5 analyst ratings, the analyst consensus is Strong Buy with an average price target of $98.00, reflecting a 17.7% upside. One of the top 25 analysts, according to TipRanks.com, recently recommended Buy TWOU. Four different firms, including Robert W. Baird and Barrington, currently also have a Buy rating on the stock.
The insider sentiment on 2U Inc has been neutral according to 46 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.
