Monday, September 11, 2017 10:15 PM ET
Insider Sale at 2U (TWOU) Deemed Significant
One insider — John M Larson, Director — today, disposed of 150,000 shares of 2U having a market value of approximately $7,018,500, as revealed in a form 4 document filed with the SEC. This is the first insider buy/sell trade in the past 90 days.
During the last 90 days, the number of insider buy/sell trades at 2U is lower than the 154-company peer group average. IT Services & Consulting peer group saw 251 buy/sell trades during this period for an average of 1.6 transactions per company. However, the number of shares per buy/sell trade for 2U is higher. Within the peer group there were 562,190 shares purchased and 7,687,954 shares sold with company insiders disposing of 28,389 shares on average.
Insider buying and selling activity that is significant has been determined by eliminating all trading activity reported to the SEC that involves awards, options, exercise of derivative securities, company buy-backs, taxes, gifts, shares acquired via inheritance and tenders or exchange offers in evaluating and writing this story.
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