Insider Selling: Twitter Inc (TWTR) Insider Sells 1,186 Shares of Stock

Twitter Inc (NYSE:TWTR) insider Robert Kaiden sold 1,186 shares of Twitter stock in a transaction that occurred on Wednesday, January 3rd. The stock was sold at an average price of $24.44, for a total transaction of $28,985.84. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.

Robert Kaiden also recently made the following trade(s):

  • On Wednesday, December 6th, Robert Kaiden sold 3,570 shares of Twitter stock. The stock was sold at an average price of $21.00, for a total transaction of $74,970.00.
  • On Friday, December 1st, Robert Kaiden sold 3,930 shares of Twitter stock. The stock was sold at an average price of $20.62, for a total transaction of $81,036.60.
  • On Monday, November 6th, Robert Kaiden sold 5,926 shares of Twitter stock. The stock was sold at an average price of $19.51, for a total transaction of $115,616.26.
  • On Wednesday, November 1st, Robert Kaiden sold 6,574 shares of Twitter stock. The stock was sold at an average price of $20.59, for a total transaction of $135,358.66.

Twitter Inc (NYSE:TWTR) traded down $0.46 on Thursday, hitting $23.99. 17,620,700 shares of the company traded hands, compared to its average volume of 17,830,000. The company has a debt-to-equity ratio of 0.35, a quick ratio of 10.40 and a current ratio of 10.40. Twitter Inc has a 1 year low of $14.12 and a 1 year high of $25.56. The firm has a market cap of $17,820.00, a PE ratio of -47.04, a P/E/G ratio of 11.79 and a beta of 1.11.

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

Several institutional investors and hedge funds have recently bought and sold shares of TWTR. Schwab Charles Investment Management Inc. lifted its stake in shares of Twitter by 12.9% in the 2nd quarter. Schwab Charles Investment Management Inc. now owns 999,683 shares of the social networking company’s stock valued at $17,865,000 after purchasing an additional 114,156 shares during the period. Comerica Bank lifted its stake in shares of Twitter by 1.8% in the 2nd quarter. Comerica Bank now owns 27,861 shares of the social networking company’s stock valued at $557,000 after purchasing an additional 489 shares during the period. Marshall Wace North America L.P. acquired a new position in shares of Twitter in the 2nd quarter valued at $1,591,000. Federated Investors Inc. PA acquired a new position in shares of Twitter in the 2nd quarter valued at $174,000. Finally, Prudential Financial Inc. lifted its stake in shares of Twitter by 6.9% in the 2nd quarter. Prudential Financial Inc. now owns 43,650 shares of the social networking company’s stock valued at $780,000 after purchasing an additional 2,800 shares during the period. Hedge funds and other institutional investors own 50.69% of the company’s stock.

Several analysts have weighed in on TWTR shares. Wells Fargo & Co boosted their target price on shares of Twitter from $16.00 to $19.00 and gave the stock a “market perform” rating in a research report on Friday, October 27th. Zacks Investment Research raised shares of Twitter from a “hold” rating to a “strong-buy” rating and set a $25.00 target price on the stock in a research report on Tuesday, October 31st. Summit Redstone started coverage on shares of Twitter in a research report on Monday, December 18th. They set a “buy” rating and a $26.00 target price on the stock. Stifel Nicolaus raised shares of Twitter from a “sell” rating to a “hold” rating and boosted their target price for the stock from $12.00 to $17.00 in a research report on Thursday, October 26th. Finally, SunTrust Banks reissued a “hold” rating and set a $18.00 target price (up previously from $16.00) on shares of Twitter in a research report on Friday, October 27th. They noted that the move was a valuation call. Twelve analysts have rated the stock with a sell rating, twenty-one have assigned a hold rating and eight have issued a buy rating to the company’s stock. Twitter presently has a consensus rating of “Hold” and a consensus target price of $18.44.

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About Twitter

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)

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