Insider Selling: Twitter VP Sells 14,565 Shares of Stock (TWTR)
Twitter (NYSE:TWTR) VP Luca Baratta sold 14,565 shares of the stock in a transaction that occurred on Tuesday, July 1st. The stock was sold at an average price of $42.45, for a total value of $618,284.25. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.
A number of analysts have recently weighed in on TWTR shares. Analysts at Topeka Capital Markets reiterated a “buy” rating on shares of Twitter in a research note on Wednesday. Separately, analysts at Nomura reiterated a “positive” rating on shares of Twitter in a research note on Tuesday. Finally, analysts at Zacks reiterated a “neutral” rating on shares of Twitter in a research note on Monday. They now have a $43.00 price target on the stock. Four equities research analysts have rated the stock with a sell rating, nineteen have issued a hold rating and fourteen have assigned a buy rating to the company. The company has an average rating of “Hold” and a consensus price target of $45.15.
Twitter (NYSE:TWTR) traded down 1.05% during mid-day trading on Thursday, hitting $41.33. 15,795,099 shares of the company’s stock traded hands. Twitter has a 52 week low of $29.51 and a 52 week high of $74.73. The stock has a 50-day moving average of $35.63 and a 200-day moving average of $48.19. The company’s market cap is $24.134 billion.
Twitter (NYSE:TWTR) last announced its earnings results 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. On average, analysts predict that Twitter will post $0.04 earnings per share 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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