Twitter CEO Unloads $757,087 in Stock (TWTR)
Twitter (NYSE:TWTR) CEO Richard Costolo unloaded 16,698 shares of the company’s stock on the open market in a transaction dated Thursday, July 31st. The shares were sold at an average price of $45.34, for a total transaction of $757,087.32. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.
TWTR has been the subject of a number of recent research reports. Analysts at Zacks reiterated a “neutral” rating on shares of Twitter in a research note on Friday. They now have a $47.00 price target on the stock. Separately, analysts at BMO Capital Markets raised their price target on shares of Twitter from $42.00 to $48.00 in a research note on Thursday. Finally, analysts at Bernstein raised their price target on shares of Twitter from $40.00 to $50.00 in a research note on Thursday. Four investment analysts have rated the stock with a sell rating, seventeen have issued a hold rating and thirteen have issued a buy rating to the stock. The stock currently has a consensus rating of “Hold” and an average price target of $51.85.
Shares of Twitter (NYSE:TWTR) traded down 2.35% on Friday, hitting $44.13. The stock had a trading volume of 37,194,768 shares. 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 $39.36 and its 200-day moving average is $44.95. The company’s market cap is $26.284 billion.
Twitter (NYSE:TWTR) last posted its quarterly earnings results on Tuesday, July 29th. The company reported $0.02 earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.01) by $0.03. The company had revenue of $312.00 million for the quarter, compared to the consensus estimate of $282.44 million. During the same quarter in the previous year, the company posted ($0.12) earnings per share. The company’s revenue for the quarter was up 124.0% on a year-over-year basis. Analysts expect that Twitter will post $0.09 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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