A Director at 2U Inc (NASDAQ: TWOU) is Selling Shares

Today, a Director at 2U Inc (NASDAQ: TWOU), Michael Moe, sold shares of TWOU for $11.84M.

In addition to Michael Moe, 12 other TWOU executives reported Sell trades in the last month. Over the last month, Michael Moe has reported 4 Sell trades on TWOU for a total of $35.44M.

Based on 2U Inc`s latest earnings report from June 30, the company posted quarterly revenue of $35.24M and GAAP net loss of $9.63M. In comparison, last year the company earned revenue of $24.74M and had a GAAP net loss of $10.6M. The company has a one year high of $39.59 and a one year low of $14.67. Currently, 2U Inc has an average volume of 453.1k.

Based on 4 analyst ratings, the analyst consensus is Strong Buy with an average price target of $31.25, reflecting a 5.6% updside.

Looking at blogger coverage of TWOU, there is a 100% Bullish tendency on the stock, in relation to a 67% average bullish tendency within the Technology sector.

In the last 30 days, insiders have sold $48.13M worth of TWOU shares and purchased $47.98k worth of TWOU shares. Over the last 3 months, the insider sentiment on 2U Inc has been neutral based on 69 corporate insider transactions. This sentiment is higher than the average sector sentiment of insiders.

2U Inc is engaged in providing cloud-based software-as-a-service platform. Its platform enables nonprofit colleges and universities to deliver education to qualified students anywhere.