Insider Selling: John Blount Sells 84,543 Shares of tw telecom inc. Stock (TWTC)
tw telecom inc. (NASDAQ:TWTC) COO John Blount sold 84,543 shares of the stock on the open market in a transaction dated Tuesday, January 28th. The stock was sold at an average price of $29.89, for a total value of $2,526,990.27. Following the completion of the transaction, the chief operating officer now directly owns 314,622 shares in the company, valued at approximately $9,404,052. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.
TWTC has been the subject of a number of recent research reports. Analysts at DA Davidson raised their price target on shares of tw telecom inc. from $35.00 to $40.00 in a research note to investors on Thursday, January 2nd. They now have a “buy” rating on the stock. Separately, analysts at Drexel Hamilton initiated coverage on shares of tw telecom inc. in a research note to investors on Thursday, December 19th. They set a “hold” rating on the stock. Finally, analysts at Jefferies Group initiated coverage on shares of tw telecom inc. in a research note to investors on Thursday, December 19th. They set a “hold” rating on the stock. One investment analyst has rated the stock with a sell rating, twelve have given a hold rating and three have given a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus price target of $29.91.
Shares of tw telecom inc. (NASDAQ:TWTC) traded down 0.91% on Tuesday, hitting $29.56. The stock had a trading volume of 544,846 shares. tw telecom inc. has a 52-week low of $24.16 and a 52-week high of $31.89. The stock has a 50-day moving average of $30.06 and a 200-day moving average of $29.76. The company has a market cap of $4.259 billion and a P/E ratio of 118.84.
tw telecom inc. (NASDAQ:TWTC) last released its earnings data on Wednesday, November 6th. The company reported $0.12 EPS for the quarter, missing the Thomson Reuters consensus estimate of $0.13 by $0.01. The company had revenue of $393.19 million for the quarter, compared to the consensus estimate of $392.73 million. During the same quarter in the prior year, the company posted $0.14 earnings per share. The company’s quarterly revenue was up 6.6% on a year-over-year basis. On average, analysts predict that tw telecom inc. will post $0.26 earnings per share for the current fiscal year.
tw telecom inc. is a national provider of managed network services, specializing in business Ethernet, data networking, Converged, Internet protocol-based virtual private network (NASDAQ:TWTC), Internet access, voice, including voice over Internet Protocol (VoIP), and network security services to enterprise organizations, including public sector entities, and carriers throughout the United States, including their global locations.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.