Today, the COO of 2U Inc (TWOU), Mark Chernis, bought shares of TWOU for $498.9K.
This recent transaction increases Mark Chernis’ holding in the company by 44.63% to a total of $1.63 million. In addition to Mark Chernis, 4 other TWOU executives 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 $135 million and GAAP net loss of $27.97 million. In comparison, last year the company earned revenue of $97.42 million and had a GAAP net loss of $18.35 million. The company has a one-year high of $90.31 and a one-year low of $11.37.
One of the top 25 analysts, according to TipRanks.com, recently recommended Hold TWOU. Three different firms, including Barrington and Citigroup, currently also have a Buy rating on the stock.
The insider sentiment on 2U Inc has been positive according to 41 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. engages in the provision of cloud-based software-as-a-service solutions for nonprofit colleges and universities to deliver education to qualified students. It operates through the Graduate Program and Short Course segments. The Graduate Program segment target students seeking a full graduate degree of the same quality receives on-campus.
