Robert Kaiden Sells 3,695 Shares of Twitter, Inc. (TWTR) Stock
Twitter, Inc. (NYSE:TWTR) insider Robert Kaiden sold 3,695 shares of the firm’s stock in a transaction on Wednesday, September 6th. The stock was sold at an average price of $16.78, for a total value of $62,002.10. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website.
Robert Kaiden also recently made the following trade(s):
- On Friday, September 1st, Robert Kaiden sold 3,805 shares of Twitter stock. The stock was sold at an average price of $16.81, for a total value of $63,962.05.
- On Friday, August 4th, Robert Kaiden sold 7,775 shares of Twitter stock. The stock was sold at an average price of $16.28, for a total value of $126,577.00.
- On Tuesday, August 1st, Robert Kaiden sold 4,725 shares of Twitter stock. The stock was sold at an average price of $16.06, for a total value of $75,883.50.
Twitter, Inc. (NYSE TWTR) traded up 1.34% during midday trading on Friday, reaching $17.45. The company had a trading volume of 11,608,181 shares. The company’s market capitalization is $12.79 billion. The company’s 50 day moving average is $16.95 and its 200-day moving average is $16.82. Twitter, Inc. has a 52-week low of $14.12 and a 52-week high of $25.25. Twitter also was the target of some unusual options trading activity on Thursday. Traders bought 40,001 call options on the company. This represents an increase of approximately 218% compared to the average volume of 12,588 call options.
Twitter (NYSE:TWTR) last posted its quarterly earnings data on Thursday, July 27th. The social networking company reported $0.08 EPS for the quarter, beating the Zacks’ consensus estimate of $0.05 by $0.03. Twitter had a negative net margin of 18.25% and a negative return on equity of 2.91%. The business had revenue of $574 million for the quarter, compared to analyst estimates of $536.63 million. During the same quarter last year, the business earned $0.13 earnings per share. The business’s revenue for the quarter was down 4.7% on a year-over-year basis. Equities analysts expect that Twitter, Inc. will post $0.33 earnings per share for the current fiscal year.
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Several research firms have issued reports on TWTR. Royal Bank Of Canada reissued an “underperform” rating on shares of Twitter in a research note on Saturday, June 3rd. Barclays PLC reissued a “sell” rating and set a $16.00 target price on shares of Twitter in a research note on Friday, July 28th. Pivotal Research reissued a “hold” rating and set a $17.00 target price (up previously from $15.00) on shares of Twitter in a research note on Monday, July 17th. Zacks Investment Research raised Twitter from a “hold” rating to a “buy” rating and set a $18.00 target price for the company in a research note on Wednesday, August 2nd. Finally, Robert W. Baird reissued a “hold” rating and set a $17.00 target price on shares of Twitter in a research note on Friday, September 1st. Seventeen analysts have rated the stock with a sell rating, twenty-five have assigned a hold rating and five have issued a buy rating to the company’s stock. Twitter presently has a consensus rating of “Hold” and a consensus target price of $15.49.
A number of large investors have recently modified their holdings of TWTR. Advisory Services Network LLC bought a new stake in Twitter during the first quarter worth approximately $107,000. Toronto Dominion Bank boosted its holdings in Twitter by 21.3% during the second quarter. Toronto Dominion Bank now owns 7,592 shares of the social networking company’s stock worth $136,000 after buying an additional 1,333 shares in the last quarter. Westside Investment Management Inc. boosted its holdings in Twitter by 46.0% during the first quarter. Westside Investment Management Inc. now owns 10,454 shares of the social networking company’s stock worth $152,000 after buying an additional 3,295 shares in the last quarter. Gilder Gagnon Howe & Co. LLC boosted its holdings in Twitter by 112.3% during the second quarter. Gilder Gagnon Howe & Co. LLC now owns 8,781 shares of the social networking company’s stock worth $157,000 after buying an additional 4,645 shares in the last quarter. Finally, Stratos Wealth Partners LTD. bought a new stake in Twitter during the first quarter worth approximately $159,000. Hedge funds and other institutional investors own 49.17% of the company’s stock.
Twitter Company Profile
Twitter, Inc offers products and services for users, advertisers, developers and data partners. The Company’s products and services include Twitter, Periscope, Promoted Tweets, Promoted Accounts and Promoted Trends. Its Twitter is a platform for public self-expression and conversation in real time. Periscope broadcasts can also be viewed through Twitter and on desktop or mobile Web browser.
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