Twitter COO Sells $871,979 in Stock (TWTR)
Twitter (NYSE:TWTR) COO Ali Rowghani unloaded 20,551 shares of the stock on the open market in a transaction dated Wednesday, July 2nd. The stock was sold at an average price of $42.43, for a total value of $871,978.93. The sale was disclosed in a document filed with the SEC, which can be accessed through this link.
Twitter (NYSE:TWTR) traded down 1.05% 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’s 50-day moving average is $35.63 and its 200-day moving average is $48.19. The company’s market cap is $24.134 billion.
Twitter (NYSE:TWTR) last posted its quarterly 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. Analysts expect that Twitter will post $0.04 EPS for the current fiscal year.
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 research analysts have rated the stock with a sell rating, nineteen have assigned a hold rating and fourteen have given a buy rating to the company. The stock currently has an average rating of “Hold” and a consensus price target of $45.15.
Twitter, Inc (NYSE:TWTR) is a global platform for public self-expression and conversation in real time.
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