Insider Trends: 2U Insider Receives Stock Award, Trend of Buys Extended
09:21 PM EDT, 05/07/2021 (MT Newswires) -- On May 05, 2021, Director, Paul A Maeder, was awarded 9,525 2U (TWOU) shares having an approximate value of $363,379 based on the daily closing price of the shares. Maeder has control over 112,632 shares of the company of which 72,686 shares are controlled directly and 39,946 shares indirectly subsequent to the transactions outlined in the SEC Form 4 filing. These holdings have an approximate market value of $4.30 million as of the prior-day closing price.
Over the last 90 days, prior to the date of this filing, there have been 19 insider transactions reported to the SEC for 2U. These transactions came from the activities of 11 separate insiders that resulted in a net acquisition of 298,049 company shares. This compares with the preceding 90-day window of time where there were 15 transactions from 6 insiders that resulted in the net acquisition of 218,516 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 115.4 transactions per company, and disposition of 25,965 shares on average.
SEC Story Link http://www.sec.gov/Archives/edgar/data/1459417/000120919121031090/xslF345X03/doc4.xml
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