Friday, March 09, 2018 10:15 PM ET
Insider Makes Significant Stock Sale Slowing Buying Trend in 2U (TWOU) Shares over Last Quarter
One insider — Timothy M Haley, Director — today, disposed of 45,000 shares of 2U having a market value of approximately $3,990,000, as disclosed in a form 4 document filed with the SEC. There have been 3 insiders with buy/sell transactions in the past 90 days prior to this filing. These trades have resulted in the purchase of 67,830 company shares and the disposition of 9,620 company shares over this time period. Adding the most recent activity to this 90-day history indicates insider trades have been net purchases of 13,210 shares and have averaged 30,613 shares per transaction over this time period.
Relative to its peers over the last 90 days, insider buy/sell trading at 2U is higher than the 163-company peer group average. IT Services & Consulting peer group saw 217 buy/sell trades during this period for an average of 1.3 transactions per company. The number of shares per buy/sell trade for 2U insiders was also higher. Within the peer group there were 286,045 shares purchased and 2,150,041 shares sold with company insiders having sold 8,590 shares on average.
For the purpose of evaluating significant insider buying and selling all trades reported to the SEC that involve awards, options, exercise of derivative securities, company buy-backs, taxes, gifts, shares acquired via inheritance and tenders or exchange offers have been eliminated in data obtained to compose and write this story.
Using proprietary Natural Language Generation (NLG) technology, UpTick evaluates corporate insider filings reported to the SEC and creates real-time news and analysis to report the most significant insider transactions based on transaction type, size and historical trends.
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