Twitter VP Sells $370,073 in Stock (TWTR)
Twitter (NYSE:TWTR) VP Alexander Roetter sold 9,350 shares of the company’s stock on the open market in a transaction dated Tuesday, July 8th. The shares were sold at an average price of $39.58, for a total transaction of $370,073.00. The sale was disclosed in a document filed with the SEC, which is available at this link.
Several analysts have recently commented on the stock. Analysts at Pivotal Research raised their price target on shares of Twitter from $34.00 to $37.00 in a research note on Wednesday. Separately, analysts at Topeka Capital Markets reiterated a “buy” rating on shares of Twitter in a research note on Wednesday, July 2nd. Finally, analysts at Nomura reiterated a “positive” rating on shares of Twitter in a research note on Tuesday, July 1st. Four analysts have rated the stock with a sell rating, eighteen have assigned a hold rating and fourteen have assigned a buy rating to the company. Twitter has an average rating of “Hold” and an average target price of $45.26.
Shares of Twitter (NYSE:TWTR) traded up 1.74% during mid-day trading on Wednesday, hitting $38.06. The stock had a trading volume of 26,838,322 shares. Twitter has a 1-year low of $29.51 and a 1-year high of $74.73. The stock’s 50-day moving average is $36.54 and its 200-day moving average is $47.59. The company’s market cap is $22.224 billion.
Twitter (NYSE:TWTR) last issued its quarterly earnings data on Tuesday, April 29th. The company reported ($0.22) earnings per share (EPS) for the quarter, missing the 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 in the previous year, the company posted ($0.08) earnings per share. The company’s revenue for the quarter was up 119.7% on a year-over-year basis. Analysts expect that Twitter will post $0.05 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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