Insider Trends: 2U Sees 90 Days of Insider Buying Trend Reducing with Share Sale
10:48 PM EST, 02/05/2021 (MT Newswires) -- James Kenigsberg, Chief Technology Officer, sold 41,042 shares of 2U (TWOU) on Feb 04, 2021, for $1,928,974. Subsequent to the Form 4 filing with the SEC, Kenigsberg owns 129,671 shares of the company, which have a market value of $5.94 million as of the prior-day closing price.
Over the last 90 days, prior to the date of this filing, there have been 14 insider transactions reported to the SEC for 2U. These transactions came from the activities of 6 individual insiders that resulted in a net acquisition of 259,558 company shares. In the preceding 90-day window of time, there were 10 transactions from 5 insiders which resulted in the net acquisition of 59,320 shares.
This is a lower level of transactions than the peer group average in the 188-company IT Services & Consulting peer group over the last 90-day period. Within the peer group activity averaged 108.4 transactions per company, and disposition of 24,287 shares on average.
SEC Story Link http://www.sec.gov/Archives/edgar/data/1459417/000117911021001373/xslF345X03/edgar.xml
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