Insider Selling: Vijaya Gadde Sells 16,459 Shares of Twitter Stock (TWTR)
Twitter (NYSE:TWTR) General Counsel Vijaya Gadde unloaded 16,459 shares of Twitter stock on the open market in a transaction that occurred on Thursday, June 26th. The shares were sold at an average price of $40.00, for a total value of $658,360.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.
TWTR has been the subject of a number of recent research reports. Analysts at Barclays initiated coverage on shares of Twitter in a research note on Thursday. They set an “overweight” rating and a $46.00 price target on the stock. Separately, analysts at S&P Equity Research downgraded shares of Twitter to a “hold” rating in a research note on Tuesday, June 17th. Finally, analysts at Wells Fargo & Co. upgraded shares of Twitter from an “underperform” rating to a “market perform” rating in a research note on Tuesday, June 10th. Four equities research analysts have rated the stock with a sell rating, nineteen have given a hold rating and fourteen have given a buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average target price of $45.66.
Shares of Twitter (NYSE:TWTR) traded down 1.23% during mid-day trading on Friday, hitting $40.93. The stock had a trading volume of 48,261,140 shares. Twitter has a one year low of $29.51 and a one year high of $74.73. The stock has a 50-day moving average of $34.91 and a 200-day moving average of $48.52. The company’s market cap is $23.900 billion. Twitter also was the target of a large decline in short interest during the month of May. As of May 30th, there was short interest totalling 26,070,989 shares, a decline of 36.5% from the May 15th total of 41,082,382 shares. Approximately 8.0% of the company’s stock are short sold. Based on an average daily volume of 31,266,463 shares, the short-interest ratio is presently 0.8 days.
Twitter (NYSE:TWTR) last released its earnings data on Tuesday, April 29th. The company reported ($0.22) earnings per share for the quarter, missing the analysts’ consensus estimate of ($0.03) by $0.19. The company had revenue of $250.00 million for the quarter, compared to the consensus estimate of $240.90 million. During the same quarter last year, the company posted ($0.08) earnings per share. Twitter’s revenue was up 119.7% compared to the same quarter last year. Analysts expect that Twitter will post $0.04 EPS for the current fiscal year.
Twitter, Inc (NYSE:TWTR) is a global platform for public self-expression and conversation in real time.
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