Insider Selling: Twitter Inc (TWTR) Director Sells 682,242 Shares of Stock

Twitter Inc (NYSE:TWTR) Director Evan Clark Williams sold 682,242 shares of the stock in a transaction dated Thursday, October 11th. The stock was sold at an average price of $27.20, for a total transaction of $18,556,982.40. Following the transaction, the director now directly owns 1,491,702 shares in the company, valued at approximately $40,574,294.40. The transaction was disclosed in a filing with the SEC, which is available through this link.

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

  • On Tuesday, September 25th, Evan Clark Williams sold 682,242 shares of Twitter stock. The stock was sold at an average price of $28.84, for a total transaction of $19,675,859.28.
  • On Thursday, September 13th, Evan Clark Williams sold 682,242 shares of Twitter stock. The stock was sold at an average price of $30.01, for a total transaction of $20,474,082.42.
  • On Thursday, August 30th, Evan Clark Williams sold 682,242 shares of Twitter stock. The stock was sold at an average price of $35.45, for a total transaction of $24,185,478.90.
  • On Thursday, August 16th, Evan Clark Williams sold 682,242 shares of Twitter stock. The stock was sold at an average price of $32.59, for a total transaction of $22,234,266.78.
  • On Tuesday, July 24th, Evan Clark Williams sold 682,242 shares of Twitter stock. The stock was sold at an average price of $42.75, for a total transaction of $29,165,845.50.

NYSE:TWTR traded up $0.99 on Friday, hitting $27.99. The stock had a trading volume of 27,160,800 shares, compared to its average volume of 29,355,658. The company has a debt-to-equity ratio of 0.47, a quick ratio of 11.00 and a current ratio of 11.00. The firm has a market cap of $21.57 billion, a price-to-earnings ratio of 461.50, a price-to-earnings-growth ratio of 3.66 and a beta of 0.75. Twitter Inc has a 1 year low of $17.03 and a 1 year high of $47.79.

Twitter (NYSE:TWTR) last posted its quarterly earnings data on Friday, July 27th. The social networking company reported $0.17 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.16 by $0.01. The firm had revenue of $710.54 million during the quarter, compared to analyst estimates of $697.35 million. Twitter had a net margin of 8.57% and a return on equity of 4.37%. The company’s revenue for the quarter was up 23.8% on a year-over-year basis. During the same quarter last year, the business posted $0.08 EPS. As a group, sell-side analysts forecast that Twitter Inc will post 0.35 earnings per share for the current year.

A number of equities analysts have recently issued reports on TWTR shares. UBS Group increased their price objective on shares of Twitter from $36.00 to $52.00 and gave the stock a “buy” rating in a research report on Friday, June 15th. Zacks Investment Research cut shares of Twitter from a “strong-buy” rating to a “hold” rating in a research report on Saturday, June 30th. Wells Fargo & Co reissued a “market perform” rating and set a $42.00 price objective (up previously from $32.00) on shares of Twitter in a research report on Tuesday, July 3rd. Cleveland Research set a $46.00 price objective on shares of Twitter and gave the stock a “hold” rating in a research report on Tuesday, July 10th. Finally, Bank of America set a $27.00 price objective on shares of Twitter and gave the stock a “sell” rating in a research report on Tuesday, July 10th. Three research analysts have rated the stock with a sell rating, twenty-three have issued a hold rating, eleven have assigned a buy rating and one has given a strong buy rating to the stock. Twitter has an average rating of “Hold” and an average target price of $32.72.

A number of large investors have recently bought and sold shares of the business. Berkshire Asset Management LLC PA increased its stake in Twitter by 15.9% in the 3rd quarter. Berkshire Asset Management LLC PA now owns 14,356 shares of the social networking company’s stock valued at $409,000 after buying an additional 1,967 shares during the last quarter. Bank of Montreal Can increased its stake in Twitter by 57.5% in the 3rd quarter. Bank of Montreal Can now owns 868,930 shares of the social networking company’s stock valued at $24,730,000 after buying an additional 317,145 shares during the last quarter. DAVENPORT & Co LLC increased its stake in Twitter by 27.3% in the 3rd quarter. DAVENPORT & Co LLC now owns 14,894 shares of the social networking company’s stock valued at $424,000 after buying an additional 3,193 shares during the last quarter. World Asset Management Inc increased its stake in Twitter by 7.7% in the 3rd quarter. World Asset Management Inc now owns 48,028 shares of the social networking company’s stock valued at $1,367,000 after buying an additional 3,418 shares during the last quarter. Finally, DNB Asset Management AS increased its stake in Twitter by 6.2% in the 3rd quarter. DNB Asset Management AS now owns 85,914 shares of the social networking company’s stock valued at $2,445,000 after buying an additional 5,014 shares during the last quarter. Hedge funds and other institutional investors own 64.53% of the company’s stock.

About Twitter

Twitter, Inc operates as a platform for public self-expression and conversation in real time. The company offers various products and services, including Twitter that allows users to consume, create, distribute, and discover content; and Periscope, a mobile application that enables user to broadcast and watch video live with others.

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

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