2u, Inc. (TWOU): Mark Chernis , director of 2u, Inc. sold 4,500 shares on Jun 10, 2016. The Insider selling transaction was reported by the company on Jun 13, 2016 to the Securities and Exchange Commission. The shares were sold at $29.35 per share for a total value of $132,075.00 , the company said in a SEC Form 4 Filing.
Other Insider transactions have been reported by the company according to SEC Form 4, on Jun 2, 2016, Edward S. Macias (director) purchased 893 shares at $27.90 per share price.On May 18, 2016, John M Larson (director) sold 16,666 shares at $27.24 per share price.Also, On Mar 14, 2016, Mark Chernis (director) sold 4,500 shares at $22.81 per share price.On Oct 8, 2015, James Kenigsberg (Chief Technology Officer) sold 4,956 shares at $31.69 per share price.
Shares of 2U Inc (TWOU) ended Friday, Jun 10, 2016 session in red amid volatile trading. The shares closed down -0.69 points or -2.33% at $28.94 with 3,85,342 shares getting traded. Post opening the session at $29.39, the shares hit an intraday low of $28.64 and an intraday high of $29.67 and the price vacillated in this range throughout the day. The company has a market cap of $1,344 M and the number of outstanding shares has been calculated to be 4,64,41,871 shares. The 52-week high of 2U Inc is $39.69 and the 52-week low is $14.94.
2U Inc. is a provider of an integrated solution comprised 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 an online learning environment Online Campus which acts as the hub for student and faculty academic and social interaction and operations applications which provide the content management admissions application processing customer relationship management and other necessary functionalities. The Company also provides technology-enabled services that support the complete lifecycle of a higher education program including attracting students advising prospective students through the admissions application process providing technical success coaching and other support facilitating accessibility to individuals with disabilities and facilitating in-program field placements.