Insider Selling: tw telecom inc. Director Sells 16,000 Shares of Stock (TWTC)
tw telecom inc. (NASDAQ:TWTC) Director Kevin W. Mooney unloaded 16,000 shares of the stock in a transaction dated Thursday, January 30th. The shares were sold at an average price of $29.31, for a total value of $468,960.00. Following the sale, the director now directly owns 62,163 shares of the company’s stock, valued at approximately $1,821,998. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.
Shares of tw telecom inc. (NASDAQ:TWTC) traded up 0.31% on Friday, hitting $29.46. 545,863 shares of the company’s stock traded hands. tw telecom inc. has a 52 week low of $24.16 and a 52 week high of $31.89. The stock’s 50-day moving average is $30.11 and its 200-day moving average is $29.75. The company has a market cap of $4.244 billion and a price-to-earnings ratio of 117.01.
tw telecom inc. (NASDAQ:TWTC) last announced its earnings results on Wednesday, November 6th. The company reported $0.12 earnings per share for the quarter, missing the analysts’ 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 last year, the company posted $0.14 earnings per share. tw telecom inc.’s revenue was up 6.6% compared to the same quarter last year. Analysts expect that tw telecom inc. will post $0.26 EPS for the current fiscal year.
Several analysts have recently commented on the stock. 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 analyst has rated the stock with a sell rating, twelve have issued a hold rating and three have given a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus price target of $29.91.
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.
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