2u, Inc. (TWOU) Files Form 4 Insider Selling : James Kenigsberg Sells 5,468 Shares

2u, Inc. (TWOU): James Kenigsberg , Chief Technology Officer of 2u, Inc. sold 5,468 shares on Sep 22, 2016. The Insider selling transaction was reported by the company on Sep 26, 2016 to the Securities and Exchange Commission. The shares were sold at $36.58 per share for a total value of $200,019.44 , the company said in a SEC Form 4 Filing.

Other Insider transactions have been reported by the company according to SEC Form 4, on Sep 16, 2016, Timothy M Haley (director) sold 82,927 shares at $33.53 per share price.On Sep 12, 2016, Mark Chernis (director) sold 4,500 shares at $35.55 per share price.Also, On Sep 6, 2016, Edward S. Macias (director) purchased 714 shares at $35.43 per share price.On Aug 17, 2016, John M Larson (director) sold 45,000 shares at $34.83 per share price.

2U Inc: On Thursday, Sep 22, 2016 heightened volatility was witnessed in 2U Inc which led to swings in the share price. The shares opened for trading at $36 and hit $37.73 on the upside , eventually ending the session at $37.61, with a gain of 5.14% or 1.84 points. The heightened volatility saw the trading volume jump to 5,30,402 shares. The 52-week high of the share price is $39.69 and the company has a market cap of $1,763 M . The 52-week low of the share price is at $14.94.

2U Inc Money Flow Index Chart

Company has been under the radar of several Street Analysts.2U Inc is Reiterated by Compass Point to Buy and the brokerage firm has raised the Price Target to $ 40 from a previous price target of $36 .The Rating was issued on Aug 5, 2016.2U Inc is Reiterated by Barrington Research to Outperform and the brokerage firm has raised the Price Target to $ 42 from a previous price target of $33 .The Rating was issued on Aug 5, 2016.2U Inc is Initiated by Needham to Buy and the brokerage firm has set the Price Target at $40. The Rating was issued on Jul 15, 2016.

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.

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2U Inc - Is it time to Sell?

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