Twitter General Counsel Sells $4,125,699 in Stock (TWTR)
Twitter (NYSE:TWTR) General Counsel Vijaya Gadde sold 81,697 shares of the stock in a transaction dated Wednesday, September 3rd. The shares were sold at an average price of $50.50, for a total transaction of $4,125,698.50. The sale was disclosed in a filing with the SEC, which can be accessed through this link.
Twitter (NYSE:TWTR) traded up 1.84% during mid-day trading on Thursday, hitting $50.24. 24,413,060 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 $43.80 and its 200-day moving average is $42.64. The company’s market cap is $30.478 billion. Twitter also saw a large decrease in short interest during the month of August. As of August 15th, there was short interest totalling 21,606,094 shares, a decrease of 30.9% from the July 31st total of 31,283,622 shares. Approximately 6.9% of the company’s shares are short sold. Based on an average daily volume of 22,942,097 shares, the short-interest ratio is presently 0.9 days.
Twitter (NYSE:TWTR) last announced its earnings results on Tuesday, July 29th. The company reported $0.02 earnings per share for the quarter, beating the analysts’ 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 last year, the company posted ($0.12) earnings per share. Twitter’s revenue was up 124.0% compared to the same quarter last year. On average, analysts predict that Twitter will post $0.10 earnings per share for the current fiscal year.
A number of research firms have recently commented on TWTR. Analysts at Stifel Nicolaus initiated coverage on shares of Twitter in a research note on Wednesday, August 13th. They set a “hold” rating and a $44.00 price target on the stock. Separately, analysts at Zacks reiterated a “neutral” rating on shares of Twitter in a research note on Friday, August 1st. They now have a $47.00 price target on the stock. Finally, 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, July 31st. Four research analysts have rated the stock with a sell rating, seventeen have given a hold rating and thirteen have assigned a buy rating to the company’s stock. The company has an average rating of “Hold” and an average target price of $51.48.
Twitter, Inc (NYSE:TWTR) is a global platform for public self-expression and conversation in real time.