Twitter, Inc. (TWTR) Director Sells $41,880,643.20 in Stock

Twitter, Inc. (NYSE:TWTR) Director Evan Clark Williams sold 1,982,985 shares of Twitter stock in a transaction that occurred on Wednesday, November 29th. The stock was sold at an average price of $21.12, for a total transaction of $41,880,643.20. Following the completion of the sale, the director now owns 2,401,747 shares of the company’s stock, valued at $50,724,896.64. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

Evan Clark Williams also recently made the following trade(s):

  • On Wednesday, November 15th, Evan Clark Williams sold 565,000 shares of Twitter stock. The stock was sold at an average price of $20.08, for a total transaction of $11,345,200.00.
  • On Tuesday, October 31st, Evan Clark Williams sold 2,000,300 shares of Twitter stock. The stock was sold at an average price of $21.06, for a total transaction of $42,126,318.00.
  • On Thursday, October 12th, Evan Clark Williams sold 409,115 shares of Twitter stock. The stock was sold at an average price of $17.95, for a total transaction of $7,343,614.25.
  • On Monday, September 25th, Evan Clark Williams sold 9,845 shares of Twitter stock. The shares were sold at an average price of $17.02, for a total transaction of $167,561.90.
  • On Tuesday, September 26th, Evan Clark Williams sold 319,385 shares of Twitter stock. The shares were sold at an average price of $16.92, for a total transaction of $5,403,994.20.
  • On Wednesday, September 13th, Evan Clark Williams sold 546,200 shares of Twitter stock. The shares were sold at an average price of $18.15, for a total transaction of $9,913,530.00.

Twitter, Inc. (NYSE:TWTR) traded down $0.21 during trading on Thursday, reaching $20.58. 15,806,927 shares of the company were exchanged, compared to its average volume of 17,487,813. The company has a current ratio of 10.40, a quick ratio of 10.40 and a debt-to-equity ratio of 0.35. Twitter, Inc. has a 52 week low of $14.12 and a 52 week high of $22.48.

Twitter (NYSE:TWTR) last released its quarterly earnings results on Thursday, October 26th. The social networking company reported $0.10 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.07 by $0.03. The company had revenue of $590.00 million for the quarter, compared to the consensus estimate of $586.22 million. Twitter had a negative net margin of 15.08% and a negative return on equity of 1.21%. Twitter’s revenue was down 4.2% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.09 earnings per share. equities research analysts predict that Twitter, Inc. will post 0.02 earnings per share for the current fiscal year.

Hedge funds have recently bought and sold shares of the business. Balentine LLC increased its position in Twitter by 86.6% during the third quarter. Balentine LLC now owns 6,822 shares of the social networking company’s stock valued at $115,000 after acquiring an additional 3,167 shares during the last quarter. Toronto Dominion Bank increased its position in Twitter by 21.3% during the second quarter. Toronto Dominion Bank now owns 7,592 shares of the social networking company’s stock valued at $136,000 after acquiring an additional 1,333 shares during the last quarter. Malaga Cove Capital LLC bought a new position in Twitter during the third quarter valued at $154,000. Gilder Gagnon Howe & Co. LLC increased its position 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 valued at $157,000 after acquiring an additional 4,645 shares during the last quarter. Finally, Staley Capital Advisers Inc. bought a new position in Twitter during the third quarter valued at $173,000. Institutional investors and hedge funds own 50.83% of the company’s stock.

Several brokerages recently issued reports on TWTR. Vetr upgraded shares of Twitter from a “buy” rating to a “strong-buy” rating and set a $19.82 target price for the company in a research report on Monday, October 23rd. Argus upgraded shares of Twitter from a “hold” rating to a “buy” rating and boosted their target price for the company from $19.71 to $25.00 in a research report on Friday, November 3rd. Wedbush set a $16.00 target price on shares of Twitter and gave the company a “hold” rating in a research report on Monday, October 23rd. Susquehanna Bancshares boosted their target price on shares of Twitter from $17.00 to $20.00 and gave the company a “neutral” rating in a research report on Thursday, October 26th. Finally, Zacks Investment Research raised shares of Twitter from a “hold” rating to a “buy” rating and set a $18.00 price target on the stock in a report on Wednesday, August 2nd. Twelve research analysts have rated the stock with a sell rating, twenty-two have given a hold rating, five have assigned a buy rating and two have issued a strong buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus target price of $17.85.

COPYRIGHT VIOLATION NOTICE: This piece was posted by American Banking News and is owned by of American Banking News. If you are reading this piece on another website, it was stolen and republished in violation of United States & international copyright legislation. The legal version of this piece can be accessed at https://www.americanbankingnews.com/2017/11/30/twitter-inc-twtr-director-sells-41880643-20-in-stock.html.

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.

Insider Buying and Selling by Quarter for Twitter (NYSE:TWTR)

Receive News & Ratings for Twitter Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Twitter Inc. and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply